Earnings Season Set to Kick Off With Blue-Chip, Bank Deluge

Jobs data remains closely watched

Deputy Editor
Oct 8, 2020 at 2:11 PM
facebook twitter linkedin

With the second stimulus supposedly postponed until after the upcoming election, investors will be eyeing data for clues into how the economy is faring. This upcoming week highlights the consumer side, with retail and manufacturing data scheduled. As always of late, jobs data on Thursday will prove to be an important indicator. But the big news will be the unofficial start to another earnings season, with several banks giving their quarterly reports. On top of that, Dow names Johnson & Johnson (JNJ), JPMorgan Chase (JPM), UnitedHealth (UNH), and Walgreens Boot Alliance (WBA) will report earnings.

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

The week starts slow on Monday, October 12, with no economic data or earnings scheduled for the Columbus Day holiday. 

On Tuesday, October 13, investors will be looking at the core consumer price index (CPI). Meanwhile, Citigroup (C), Fastenal (F), First Republic Bank (FRC), Johnson & Johnson, and JPMorgan Chase are on the earnings docket. 

By Wednesday, October 14, the producer price index (PPI) is on tap, while Bank of America (BAC), PNC (PNC), Progressive (PGR), U.S. Bancorp (USB), UnitedHealth, and Wells Fargo (WFC) will all report earnings. 

Thursday, October 15, gets busier with initial and continuous jobless claims, the import price index, the Philadelphia Fed Manufacturing Index, and the Empire State Manufacturing Index. Also, Morgan Stanley (MS) and Walgreens Boot Alliance are slated to release earnings.

And finally on Friday, October 16, core retail sales and consumer sentiment data will be released, along with earnings from Ally Financial (ALLY) and Citizens Financial Group (CFG). 


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners