Don’t blink or you’ll miss something this week. The Fed’s FOMC meeting is Tuesday and Wednesday, with the announcement on Wednesday as usual. The initial third-quarter GDP figure will be released on Thursday.
Earnings reports continue apace, with an emphasis this week on drug makers (Merck and Pfizer), insurers (Aetna, Aflac, MetLife and Allstate), oil (Exxon Mobil and Chevron) and Tech (Twitter and Facebook).
What follows are calendar highlights for the week. (All times are Eastern Daylight Time; forecasts by analysts/economists polled by Zacks Investment Research.)
Federal Reserve Events
Tuesday, Oct. 28
The Federal Open Market Committee meeting begins,
Wednesday, Oct. 29
FOMC Meeting Announcement, 2 p.m.
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Economic Reports
Monday, Oct. 27
Pending Home Sales Index, 10 a.m.
Dallas Fed Manufacturing Survey, 10:30 a.m.
Tuesday, Oct. 28
Durable Goods Orders, 8:30 a.m.
S&P Case-Shiller HPI 9 a.m.
Consumer Confidence, 10 a.m.
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Wednesday, Oct. 29
EIA Petroleum Status Report, 10:30 a.m.
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Thursday, Oct. 30
GDP, advance figures for the third quarter, 8:30 a.m.
Jobless Claims, 8:30 a.m.
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Friday, Oct. 31
Personal Income and Outlays, 8:30 a.m.
Employment Cost Index, 8:30 a.m.
Chicago PMI, 9:45 a.m.
Consumer Sentiment, 9:55 a.m.
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Company Earnings Reports
Monday, Oct. 27
Merck & Co. (Consensus EPS forecast is 88 cents vs 92 cents a year ago)
T-Mobile US, Inc. (3 cents vs a loss of 4 cents)
Twitter, Inc. (a loss of 27 cents)
Tuesday, Oct. 28
Aetna Inc. ($1.57 vs $1.50)
Aflac Inc. ($1.43 vs $1.47)
AMC Entertainment (5 cents a share)
Burger King Worldwide Inc. (27 cents a share vs 23 cents)
Coach, Inc. (45 cents vs 77 cents)
Corning Inc. (38 cents vs 33 cents)
E.I. Du Pont (53 cents vs 45 cents)
Express Scripts ($1.29 vs $1.08)
Facebook Inc. (32 cents per A share vs 17 cents)
Marriott International (62 cents vs 52 cents)
McKesson Corp. ($2.74 vs $2.27)
Pfizer Inc. (55 cents vs 58 cents)
Sherwin Williams ($3.18 vs $2.68)
Sirius XM Holdings Inc. (2 cents vs 2 cents)
Whirlpool Corp. ($3.15 vs $2.72)
Wednesday, Oct. 29
Allstate Corp. ($1.36 vs $1.53)
Avis Budget Group ($1.80 vs $1.48)
Exelon Corp. (70 cents vs 78 cents)
Hershey Co. ($1.08 vs $1.04)
Hess Corp. ($1.08 vs. $1.18 a share)
Hyatt Hotels (26 cents per A share vs 23 cents)
Kraft Foods Group (75 cents vs 65 cents)
MetLife, Inc. ($1.38 vs $1.34)
Phillips 66 ($1.69 vs 87 cents)
Ralph Lauren Corp. ($2.05 a share)
Southern Co. ($1.07 vs $1.08)
Visa Inc. ($2.11 per A share vs $1.85)
Thursday, Oct. 30
Cigna Corp. ($1.81 vs $1.89)
ConocoPhillips ($1.24 vs $1.47)
Eastman Chemical ($1.80 vs $1.68)
Expedia, Inc. ($1.62 vs $1.34)
Kellogg Co. (93 cents vs 95 cents)
LinkedIn Corp. (5 cents per Class A share vs 0)
MasterCard Inc. (78 cents per Class A share vs 73 cents)
Starbucks Corp. (74 cents vs 60 cents)
Time Warner Cable ($1.90 vs $1.69)
Friday, Oct. 31
Aon Plc ($1.13 vs $1.13)
Chevron Corp. ($2.61 vs $2.57)
Exxon Mobil Corp. ($1.75 vs $1.79)
Hilton Worldwide (16 cents)
Best wishes,
The Money and Markets Team
