The Week Ahead: Apple Earnings, Fed Decision Hits the Street

The Fed's latest call on interest rates, quarterly earnings from Apple, and third-quarter GDP are all set to shake up Wall Street in the week ahead

by Mark Fightmaster

Published on Oct 22, 2015 at 5:59 PM
Updated on Jul 6, 2020 at 11:18 AM

All eyes turn to the Federal Open Market Committee (FOMC) this week, as policymakers are set to issue their latest rate-hike decision on Wednesday. And the data flow doesn't stop there, as advance third-quarter gross domestic product (GDP) numbers will be released on Thursday.

And if all this news isn't enough to move the market, quite a few Dow members -- including Apple Inc. (NASDAQ:AAPL), DuPont (NYSE:DD), Merck (NYSE:MRK), and Pfizer (NYSE:PFE), plus oil majors Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) -- are all set to step into the earnings confessional throughout the course of the week. 

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, 10/26

Monday's lineup features new home sales and the Dallas Fed's manufacturing survey. 2U (TWOU), Broadcom (BRCM), Cheesecake Factory (CAKE), Hartford Financial (HIG), PMC-Sierra (PMCS), Sohu.com (SOHU), and Xerox (XRX) will all reveal their quarterly results. 

Tuesday, 10/27

The FOMC kicks off its monetary policy meeting on Tuesday. Also on tap are durable goods orders, the S&P/Case-Shiller home price index, and the Conference Board's consumer confidence numbers.

AAPL, DD, MRK, and PFE will report earnings, with AK Steel (AKS), Akamai Technology (AKAM), Alibaba Group (BABA), BP (BP), Bristol-Myers Squibb (BMY), Coach (COH), Comcast (CMCSA), Corning (GLW), Ford Motor (F), Gilead Sciences (GILD), GrubHub (GRUB), JetBlue Airways (JBLU), Panera Bread (PNRA), Peabody Energy (BTU), Spirit Airlines (SAVE), Twitter (TWTR), and UPS (UPS) all joining the Dow members in the spotlight.

Wednesday, 10/28

Everyone's interest rate questions will be answered Wednesday, as the trading day's highlight will be the FOMC's 2 p.m. ET policy decision. Earlier in the session, we'll hear the latest on weekly crude inventories.

Amgen (AMGN), Anthem (ANTM), Barrick Gold (ABX), Boston Scientific (BSX), Buffalo Wild Wings (BWLD), Cirrus Logic (CRUS), F5 Networks (FFIV), Fiat Chrysler (FCAU), Garmin (GRMN), GoPro (GPRO), Hilton Hotels (HLT), Marriott (MAR), Newmont Mining (NEM), Nutrisystem (NTRI), SunPower (SPWR), Valero Energy (VLO), Vertex Pharmaceuticals (VRTX), Walgreens Boots Alliance (WBA), Western Digital (WDC), and Yelp (YELP) will all report quarterly results.

Thursday, 10/29

The big news Thursday will be the advance third-quarter GDP reading, which will be released before the opening bell.The day's docket also features the pending home sales index and weekly jobless claims.

Aetna (AET), Alcatel-Lucent (ALU), Altria (MO), Baidu (BIDU), Cliffs Natural Resources (CLF), CME Group (CME), ConocoPhillips (COP), Delphi Automotive (DLPH), Electronic Arts (EA), First Solar (FSLR), Gannett (GCI), Goldcorp (GG), Goodyear Tire (GT), LinkedIn (LNKD), MasterCard (MA), Nokia (NOK), Potash (POT), SolarCity (SCTY), Sony (SNE), and Starbucks (SBUX) are all expected to report earnings.

Friday, 10/30

Friday's economic calendar includes personal income and spending data, the Chicago purchasing managers index (PMI), and the final Thomson Reuters/University of Michigan consumer sentiment index for October.

AbbVie (ABBV), Anheuser-Busch InBev (BUD), CBOE Holdings (CBOE), CVS Health (CVS), Phillips 66 (PSX), and Seagate Technology (STX) will all report earnings, as will Dow members CVX and XOM. 

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