Here are the 3 big things we're watching in the stock market this week
Meta and Capital One are set to report earnings. We'll also hear from plenty of important companies outside the Club portfolio.
TL;DR
- Netflix, Tesla, Meta Platforms, and Capital One are among the companies reporting earnings this week, driving the third-quarter earnings season.
- Previous bank earnings showed investor sensitivity, with positive results from Goldman Sachs met with selling, and issues at State Street and Bank of America exacerbated.
- The market faces a challenging backdrop due to rising bond yields, inflation concerns, geopolitical tensions, and uncertainty surrounding AI spending and the upcoming midterms.
- Capital One's earnings will be watched for commentary on spending dynamics, net interest margin expansion, and net charge-offs, with a focus on expense control and benefits from the Discover acquisition.
- Meta's earnings call will focus on the reception of its AI platform, Muse, with analysts looking for engagement numbers and details on AI spending intentions and funding.
- Other key reports include those from Lam Research and Texas Instruments (AI buildout), RTX, GE Aerospace, and Northrop Grumman (aerospace and defense), and airlines, General Motors, Tesla, Netflix, Spotify, Procter & Gamble, and American Express (consumer spending).
- The article lists scheduled economic reports and company earnings for Monday through Friday.