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The week ahead for investors November 6, 2023

by 7. Nov 2023 @ 7:52News, The week ahead

Snapshot: The Upcoming Week’s Financial Highlights

This week in the financial world shines a spotlight on a diverse range of earnings reports, critical insights into U.S. household finances, and the latest on consumer sentiment.

 

Key Takeaways

  • Look out for earnings reports from Uber Technologies, UBS, Occidental Petroleum, Rivian Automotive, The Walt Disney Company, Honda Motor Company, and Warner Bros. Discovery.
  • The New York Fed’s quarterly report on Tuesday will provide an in-depth look at the household debt and credit landscape for the third quarter.
  • The University of Michigan’s Consumer Sentiment Index on Friday offers a current snapshot of consumer attitudes and expectations.

Upcoming Earnings and Economic Reports

This week continues the earnings season with a robust lineup from various sectors, while economic reports will shed light on the financial health and confidence of U.S. consumers.

 

Earnings Reports This Week

A host of companies from tech to automotive are set to disclose their financial performance, potentially steering market sentiments:

  • Uber Technologies (UBER), UBS (UBS), Occidental Petroleum (OXY), Rivian Automotive (RIVN), The Walt Disney Company (DIS), Honda Motor Company (HMC), and Warner Bros. Discovery (WBD) are some notable mentions.

 

The New York Fed’s Household Debt and Credit Report

The New York Federal Reserve’s report on Tuesday will detail the latest data on how much debt U.S. consumers are carrying and the quality of that debt:

  • Previous quarters showed a rising trend in household debt, reaching new highs, partly driven by increased credit card usage amidst inflationary pressures.

 

University of Michigan Consumer Sentiment Index

As we head into the holiday season, the University of Michigan’s index will give us a glimpse into the mindset of consumers:

  • The index, which dipped in recent months, provides an early signal of consumer spending and confidence, key indicators for economic health.

 

Week of Nov. 6 Detailed Earnings and Reports

Monday, November 6: Ryanair Holdings, Vertex Pharmaceuticals, NXP Semiconductors, among others, report earnings; New York Fed Global Supply Chain Pressure Index.

Tuesday, November 7: Gilead Sciences, Uber Technologies, and UBS report earnings; New York Fed Household Debt and Credit Report.

Wednesday, November 8: The Walt Disney Company and Warner Bros. Discovery report earnings; China Inflation Rate.

Thursday, November 9: Honda Motor Company and Sony Corp. report earnings.

Friday, November 10: Preliminary University of Michigan Consumer Sentiment Index; U.K. GDP preliminary reading.

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