This article provides an overview of key events and stocks to watch in the coming week. Here are some highlights:
- Government Shutdown Risk: There is potential for a U.S. government shutdown, which could impact various sectors and even delay the release of the September jobs report.
- OPEC+ Meeting: OPEC+ is set to meet during the middle of the week, with no major changes to the oil output policy anticipated. Oil prices have been driven by tighter supply and rising demand.
- Earnings Reports: While the earnings calendar is light, some notable earnings reports include Tilray Brands (TLRY) and Constellation Brands (STZ).
- Auto Sector: The auto sector will be closely watched for deliveries reports from companies like Tesla (TSLA), Rivian Automotive (RIVN), and NIO (NIO), as well as updates on the UAW strike against General Motors (GM), Ford Motor (F), and Stellantis (STLA).
- Earnings Spotlight: Notable earnings reports include McCormick (MKC), Cal-Maine Foods (CALM), Helen of Troy (HELE), Accolade (ACCD), Conagra Brands (CAG), Lamb Weston (LW), and Levi Strauss (LEVI).
- Dividend Watch: Several companies are projected to boost their quarterly dividend payouts, including American Financial (AFG), RPM International (RPM), and Bank OZK (OZK). T-Mobile (TMUS) will make its first quarterly dividend payment.
- Data Releases: A big week of data releases includes updates on Macau gaming revenue, Class 8 truck orders, FBI firearm background checks, discount broker DARTs, and airline traffic.
- Spinoffs: Several spinoff companies are expected to start trading, including WK Kellogg, Vestis, and Sandoz.
- Auto Sector: The auto sector will be in focus, with reports on sales and deliveries. Tesla’s Q3 deliveries report will be closely watched, as well as reports from other auto companies.
- Key Events: Molson Coors (TAP) will hold a Strategy Day event, Zoom Video (ZM) will have its annual Zoomtopia event, Google (GOOG) will hold its Made By Google hardware event, and Samsung Electronics (SSNLF) will have a developer conference.
- Holiday Shopping Season: The week marks the unofficial launch of the holiday shopping season, with Target (TGT), Walmart (WMT), and Best Buy (BBY) running promotions ahead of Amazon’s (AMZN) Prime Day event.
- Conferences: Various conferences are scheduled, including the Chardan Genetic Medicines Conference, UBS Mobility Virtual Conference, LD Micro Main Event XVI Conference, Deutsche Bank Leveraged Finance Conference, and Bernstein Healthcare Services Disruptors Conference.
- Quant Ratings: Some stocks with recent quant rating changes include General Electric (GE), Humana (HUM), and CarParts.com (PRTS).
Please note that this is just an overview, and investors should conduct their own research before making investment decisions.