Earnings, New Home Sales and Geo Political Situation + Futures Trading Levels for Oct. 24th
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
The Week Ahead: Earnings, ECB rate Decision, GeoPolitical
By Senior Broker, John Thorpe
The Week ahead barring any new geopolitical tensions as we remain vigilant scanning the actions of many political leaders throughout the globe as genuflection = volatility. Chest thumping aside, Wednesday’s important number is New Home sales.
As for the most anticipated earning reports this week the following is from Barron’s:
In terms of the most anticipated names, here is the calendar for the week:
- Tuesday: Microsoft
(ticker: MSFT), Google-parent Alphabet
(GOOGL), Snap (SNAP) and Texas Instruments (TXN) report September quarter numbers.
- Wednesday: Meta Platforms (META) and IBM (IBM)
- Thursday: Amazon.com (AMZN) and Intel
Out of that list, the fastest year-over-year revenue growth, according to analyst forecasts, is slated to come from Meta
, at 21%, and Amazon
, at 11%. On the other side of the list are Texas Instruments and Intel, with their revenue forecast to decline 13% and 12%, respectively.
Existing Home sales released at 9am CDT are expected to report Year over year sales greater than -16%
Watch your blindside and expect more volatility! Plan your trade and trade your plan.
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