They will not be the only ones, from Monday the 24th to Thursday the 27th, they will be days of massive income and earnings releases that investors will analyze for indicators on what can be expected from the global economy.
Investors will also be able to see the numbers of Southwest Airlines and JetBlue Airwaysthe automotive General Motors and Ford Motorand the energy giants Chevron and Exxon Mobil.
Almost a third of the S&P 500, more than 160 companies, are scheduled to report earnings these days, as reported this Saturday, October 22 FactSet.
Also expected to release their reports are 12 Dow Jones Industrial Average benchmarks, including Boeing and McDonald’s Corp.
They all look at Wall Street
The numbers from this broad set of companies will give a glimpse of how companies are doing as they grapple with inflation, hurting consumer spending, supply chain challenges and the rising dollar.
One sector that has faced great challenges in recent months is travel. Several airlines have reported that consumers are still willing to spend on travel and vacations, but are struggling with income.
On Friday, American Express raised its outlook for this year, in part, due to an increase in spending on tourist travel.
“We expected the recovery in travel spending to be a tailwind for us, but the strength of the rebound has exceeded our expectations,” said the AmEx statement signed by its chief executive, Stephen Squeri.
In addition to airline reports, companies such as car rental Hertz Global Holdings and the accommodation Hilton Worldwide Holdings and Wyndham Hotels & Resorts They will also give an overview of the sector.
Consumption, inflation and a coming recession
But there is more. Other companies will serve as an indicator of how consumers have responded to inflation and whether this has altered the outlook for industries.
Coca-Cola Co. and Kimberly-Clark Corp. will publish results on Tuesday 25 and Kraft Heinz, on Wednesday. Both will show how consumers are digesting their purchases with higher prices.
Mattel, which will present its report on Tuesday, will provide a warning as to whether demand for toys remains resilient. Rival Hasbro warned last month of problems ahead of the holiday season.
UPS Inc, For its part, it will publish its results on Tuesday and these will provide an opportunity to show how it is doing before the busy year-end shipping season.
The Atlanta-based airline’s earnings come weeks after rival FedEx warned of an impending global recession and outlined plans to raise shipping rates on most of its services to deal with what it called ” a global business slowdown.
Results from Visa and Mastercard will also be published on Wall Street. There you can dive into whether inflation has made a dent in consumer spending.
Other notable companies that will deliver results are Chipotle Mexican Grill, Pilgrim’s Pride Corp and chipmaker Intel.
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