Today's Stock Market News & Events: 10/30/2020

Closing out an explosive week of quarterly earnings reports

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Yesterday's upbeat economic data lifted the market. U.S. gross domestic product (GDP) data came in better than expected, posting its fastest expansion ever, while initial jobless claims fell to 751,000 last week -- its lowest level since March. All three major U.S. market indexes finished in the green. The Dow Jones Industrial Average (DJI - 26,659.11) gained 139.2 points yesterday. The S&P 500 Index (SPX - 3,310.11) added 39.1 points for the day and the Nasdaq Composite (IXIC - 11,185.59) tacked on 180.7 points. The Cboe Volatility Index (VIX - 37.59) lost 2.7 points on Thursday.

Today, consumer spending data and the employment cost data and will be released, with earnings from Abbvie (ABBV), Exxon Mobile (XOM), and Honeywell (HON).

For your convenience, we have rounded up the companies slated to release earnings today, October 30:

  • AbbVie, Inc. (NYSE:ABBV -- $80.67) is a research-based biopharmaceutical company.
    • AbbVie will report its third-quarter earnings before the bell today.
  • Altria Group, Inc. (NYSE:MO -- $36.87) engages in the manufacture and sale of cigarettes in the United States.
    • Altria will report its third-quarter earnings before the bell today.
  • American Axle & Manufacturing Holdings, Inc. (NYSE:AXL -- $6.63) engages in the manufacture, engineering, design, and validation of driveline systems and related components.
    • Altria will report its third-quarter earnings before the bell today.
  • Aon Plc (NYSE:AON -- $186.80) operates as a global professional services firm. AON stock has remained essentially flat year-to-date.
    • Aon will report its third-quarter earnings before the bell today.
  • Booz Allen Hamilton Holding Corporation (NYSE:BAH -- $75.31) engages in the provision of management and technology consulting services. BAH stock is currently up 11.0% year-to-date.
    • Booz Allen Hamilton will report its second-quarter earnings of 2021 before the bell today.
  • Broadridge Financial Solutions, Inc. (NYSE:BR -- $138.12) engages in the provision of investor communications and technology solutions.
    • Broadridge Financial will report its first-quarter earnings of 2021 before the bell today.
  • Cboe Global Markets, Inc. (BATS:CBOE -- $79.26) engages in the provision of trading and investment solutions to investors.
    • Cboe Global Markets will report its first-quarter earnings of 2021 before the bell today.
  • Charter Communications, Inc. (NASDAQ:CHTR -- $576.00) engages in the provision of broadband communications services.
    • Charter Communications will report its third-quarter earnings before the bell today.
  • Chevron Corporation (NYSE:CVX -- $68.80) engages in the provision of administrative, financial management, and technology support for energy and chemical operations. CVX stock is currently down 32.3% year-over-year.
    • Chevron will report its third-quarter earnings before the bell today.
  • Colgate-Palmolive Company (NYSE:CL -- $76.67) is engaged in the manufacturing and distribution of consumer products. CL stock has grown 5.7% year-over-year.
    • Colgate-Palmolive will report its third-quarter earnings before the bell today.
  • Exxon Mobil Corporation (NYSE:XOM -- $32.97) engages in the exploration, development, and distribution of oil, gas, and petroleum products.
    • Exxon Mobil will report its third-quarter earnings before the bell today.
  • First BanCorp. (NYSE:FBP -- $6.49) provides personal, commercial, and corporate banking services.
    • First BanCorp will report its third-quarter earnings before the bell today.
  • FLIR Systems, Inc. (NASDAQ:FLIR -- $34.38) develops technologies, which enhance perception and awareness.
    • FLIR Systems will report its third-quarter earnings before the bell today.
  • Fortis, Inc. (NYSE:FTX -- $40.49) is an international electric and gas utility holding company.
    • Fortis will report its third-quarter earnings before the bell today.
  • Goodyear Tire & Rubber Company (NASDAQ:GT -- $9.93) engages in the development, manufactures, distribution, and sale of tires.
    • Goodyear will report its third-quarter earnings before the bell today.
  • Honeywell International, Inc. (NYSE:HON -- $164.60) is a software industrial company. HON stock is down 14.2% year-over-year.
    • Honeywell will report its third-quarter earnings before the bell today.
  • IPG Photonics Corporation (NASDAQ:IPGP -- $187.05) engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components.
    • IPG Photonics will report its third-quarter earnings before the bell today.
  • ITT, Inc. (NYSE:ITT -- $62.83) engages in the manufacture and sale of engineered components and customized technology solutions. ITT stock is currently down 17.0% year-to-date.
    • ITT will report its third-quarter earnings before the bell today.
  • KKR & Co., Inc. (NYSE: KKR -- $34.72) engages in the provision of investment and private equity asset management services.
    • KKR will report its third-quarter earnings before the bell today.
  • L3Harris Technologies, Inc. (NYSE:LHX -- $162.95) is an agile global aerospace and defense technology innovator.
    • L3Harris will report its third-quarter earnings before the bell today.
  • Lear Corporation (NYSE:LEA -- $124.86) engages in the design, manufacture and supply of automotive seat, electrical distribution systems and electronic modules, as well as related sub-systems, components, and software. LEA stock is up 1.6% year-to-date.
    • Lear will report its third-quarter earnings before the bell today.
  • Ligand Pharmaceuticals Incorporated (NASDAQ:LGND -- $83.07) is a biopharmaceutical company.
    • Ligand Pharma will report its third-quarter earnings before the bell today.
  • LyondellBasell Industries N.V. (NYSE:LYB -- $72.21) operates as an independent chemical company. LYB stock has dropped 22.3% year-over-year.
    • LyondellBasell will report its third-quarter earnings before the bell today.
  • Magellan Midstream Partners, L.P. (NYSE:MMP -- $35.52) engages in the transportation, storage and distribution of petroleum products.
    • Magellan Midstream will report its third-quarter earnings before the bell today.
  • Newell Brands, Inc. (NASDAQ:NWL -- $16.82) engages in the manufacture, marketing, and sale of consumer and commercial products.
    • Newell Brands will report its third-quarter earnings before the bell today.
  • nVent Electric plc (NYSE:NVT -- $17.95) provides electrical connection and protection solutions.
    • nVent Electric will report its third-quarter earnings before the bell today.
  • Phillips 66 (NYSE:PSX -- $45.98) engages in the processing, transportation, storage, and marketing of fuels and other related products.
    • Phillips 66 will report its third-quarter earnings before the bell today.
  • Phillips 66 Partners LP (NYSE:PSXP -- $24.41) owns, operates, develops, and acquires of crude oil, refined petroleum product and natural gas liquids pipelines and terminals, and other transportation and midstream assets.
    • Phillips 66 Partners will report its third-quarter earnings before the bell today.
  • Pinnacle West Capital Corporation (NYSE:PNW -- $83.26) provides energy and energy-related products.
    • Pinnacle West will report its third-quarter earnings before the bell today.
  • Pitney Bowes, Inc. (NYSE:PBI -- $7.43) engages in the provision of products and solutions in the commerce industry.
    • Pitney Bowes will report its third-quarter earnings before the bell today.
  • PNM Resources, Inc. (NYSE:PNM -- $49.82) operates as an investor-owned holding company. PNM stock has increased 9% year-over-year.
    • PNM Resources will report its third-quarter earnings before the bell today.
  • Portland Gen Electric Company (NYSE:POR -- $39.61) is a vertically integrated electric utility company. POR has remained essentially flat year-over-year.
    • Portland Gen Elec will report its third-quarter earnings before the bell today.
  • PQ Group Holdings, Inc. (NYSE:PQG -- $12.13) manufactures specialty catalysts, materials, and chemicals.
    • PQ Group will report its third-quarter earnings before the bell today.
  • Provident Financial Services, Inc. (NYSE:PQG -- $13.37) provides banking services to individual and corporate customers.
    • Provident Financial will report its third-quarter earnings before the bell today.
  • Public Service Enterprise Group Incorporated (NYSE:PEG -- $59.72) engages in the provision of electric and gas services.
    • Public Service will report its third-quarter earnings before the bell today.
  • RBC Bearings Incorporated (NASDAQ:ROLL -- $118.71) engages in the design, manufacture, and marketing of engineered precision bearings and products.
    • RBC Bearings will report its second-quarter earnings of 2021 before the bell today.
  • Shaw Communications, Inc. (NYSE:SJR -- $16.73) engages in the provision of cable telecommunications and satellite video services.
    • Shaw Comms will report its third-quarter earnings before the bell today.
  • Shell Midstream Partners, L.P. (NYSE:SHLX -- $9.23) owns, operates, develops, and acquires pipelines and other midstream assets.
    • Shell Midstream Partners will report its third-quarter earnings before the bell today.
  • Under Armour, Inc. (NYSE:UAA -- $13.79) engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories.
    • Under Armour will report its third-quarter earnings before the bell today.
  • W.P. Carey, Inc. (NYSE:WPC -- $62.11) is a real estate investment trust.
    • W.P. Carey will report its third-quarter earnings before the bell today.
  • Weyerhaeuser Company (NYSE: WY -- $28.41) engages in the manufacture, distribution and sale of forest products. WY stock has increased 26.3% year-to-date.
    • Weyerhaeuser will report its third-quarter earnings before the bell today.
  • WisdomTree Investments, Inc. (NASDAQ:WETF -- $3.59) operates as an asset management company.
    • WisdomTree will report its third-quarter earnings before the bell today.
  • Xenia Hotels & Resorts, Inc. (NYSE:XHR -- $8.75) is a real estate investment trust company. XHR stock has fallen 76.2% year-to-date.
    • Xenia Hotels will report its third-quarter earnings before the bell today.
  • Boise Cascade Company (NYSE:BCC -- $37.29) manufactures and distributes vertically-integrated wood products and building materials.
    • Boise Cascade will report its third-quarter earnings after the market closes today.


Looking ahead to next week, investors will undoubtedly have most of their attention on the Nov. 3 presidential election. However, there is still plenty of economic data to sift through. Manufacturing and employment data will be highlighted this week, third-quarter earnings season remains in full swing, leaving plenty of big names slated to report, including CVS Health (CVS), Hershey (HSY), Wynn Resorts (WYNN), Roku (ROKU), and Uber Technologies (UBER).

Enjoy your weekend, traders! And happy early Halloween!

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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