Today's Stock Market News & Events: 10/13/2020

A quick run-down of today's market-moving events as earnings season kicks off

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Fresh off their best week in months, the major benchmarks closed higher again yesterday, with the Dow posting a triple-digit win for the fourth-straight session. We are so excited, along with most investors, for another earnings season set to hit high gear this week along with the previously-delayed annual Prime Day, concurrent with ongoing stimulus talks in Washington D.C.

The Dow Jones Industrial Average (DJI - 28,837.52) gained 250.6 points on Monday. The S&P 500 Index (SPX - 3,534.22) added 57.1 points during yesterday's trading session, while the Nasdaq Composite (IXIC - 11,876.26) tacked on an 296.3 points yesterday. Lastly, the Cboe Volatility Index (VIX - 25.07) added 0.7 point on Monday.

Here's a quick list of must-reads before the opening bell rings today:

There were no notable earnings announcements yesterday, but today is chock full of before-the-bell earnings report announcements marking a real kick-off for earnings season. Investors will also be looking at the core consumer price index (CPI) released today, amid the earnings releases. The major product news to keep an eye out for today is Apple's release of their latest batch of iPhones, which analysts are projecting will be the most impactful launch in over 3 years!

For your convenience, we have rounded up the companies slated to release their earnings today, October 13:

We have rounded up all the companies slated to release their quarterly earnings today.

  • AZZ, Inc. (NYSE:AZZ -- $37.34) provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services.

    - AZZ will report its fiscal first-quarter earnings of 2021 before the bell today.

  • BlackRock, Inc. (NYSE:BLK -- $614.89) is a publicly owned investment manager. BLK is risen up 18.3% year-to-date. Click here for more on how options got priced following Blackrock's blowout earnings last quarter.

    - BlackRock will report its fiscal second-quarter earnings before the bell today.

  • Citigroup, Inc. (NYSE:C -- $45.88) provides various financial products and services to consumers, corporations, governments, and institutions. In September, this bank named consumer banking head Jane Fraser as its next chief executive officer in a historical move, making her the first woman to lead a major Wall Street bank. 

    - Citigroup will report its fiscal second-quarter earnings before the bell today 

  • Delta Air Lines, Inc. (NYSE: DAL -- $32.64) provides scheduled air transportation for passengers and cargo in the United States and internationally.

    - Delta Air Lines will report its fiscal second-quarter earnings before the bell today.

  • Fastenal Company (NASDAQ: FAST -- $47.64) engages in the wholesale distribution of industrial and construction supplies

    - Fastenal will report its fiscal second-quarter earnings before the bell today.

  • First Republic Bank (NYSE:FRC -- $125.61) provides private banking, private business banking, real estate lending, and wealth management services.

    - First Republic Bank will report its fiscal second-quarter earnings before the bell today.

  • Johnson & Johnson (NYSE:JNJ -- $151.84) researches and develops, manufactures, and sells various products in the health care field worldwide. JNJ is currently 1.7% higher year-to-date.

    -  Johnson & Johnson will report its fiscal second-quarter earnings before the bell today.

  • JPMorgan Chase & Co. (NYSE:JPM -- $102.44) researches and develops, manufactures, and sells various products in the health care field worldwide. JPM is essentially flat year-over-year. This bank stock also popped earlier this month after announcing new long-term commitments to advance racial equity and close the wealth gap.

    -  JPMorgan will report its fiscal second-quarter earnings before the bell today. 

  • New Oriental Education & Technology Inc. (NYSE:EDU -- $170.93) provides private educational services under the New Oriental brand in the People's Republic of China. EDU has decreased 8% year-over-year.

    - New Oriental Education & Technology will report its fiscal fourth-quarter earnings before the bell today.


Looking ahead to tomorrow, the producer price index (PPI) is on the schedule, along with a slew of bank-centric company financial reports. Earnings season is picking up momentum each day! Stay tuned, traders!

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.

 

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