The earnings calendar gets off to the traditional start on Tuesday, with the major banks leading the way. ASML and Taiwan Semiconductor follow later in the week, giving traders another important test of the technology story.
The question is straightforward: Can the results—and the outlooks—give buyers a reason to push higher?
Tuesday, October 13: Banks lead a busy morning
Key reports scheduled before the opening bell include:
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JPMorgan Chase (JPM)
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Goldman Sachs (GS)
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Citigroup (C)
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Wells Fargo (WFC)
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Johnson & Johnson (JNJ)
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UnitedHealth Group (UNH)
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Domino’s Pizza (DPZ)
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Albertsons (ACI).
For the banks, watch lending profitability, deposit costs, trading revenue and provisions for potential loan losses. The commentary on consumers and businesses could be just as important as the headline earnings numbers.
UnitedHealth adds a look at medical costs, while Domino’s and Albertsons provide another window into consumer spending.
Wednesday, October 14: More financials—and ASML
The morning lineup includes:
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Bank of America (BAC)
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Morgan Stanley (MS)
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BlackRock (BLK)
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State Street (STT)
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ASML (ASML)
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Progressive (PGR)
ASML is a key report to watch for semiconductor equipment orders and the outlook for chipmakers’ spending. The company has confirmed its Wednesday release date.
Thursday, October 15: TSMC takes the technology spotlight
Before the U.S. opening bell:
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Taiwan Semiconductor Manufacturing (TSM)
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Charles Schwab (SCHW)
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BNY (BNY)
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PNC Financial (PNC)
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U.S. Bancorp (USB)
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Prologis (PLD).
After the close:
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Alcoa (AA)
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Interactive Brokers (IBKR)
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J.B. Hunt Transport Services (JBHT).
TSMC’s earnings conference is scheduled for 2:00 a.m. Eastern on Thursday. The focus will be on AI chip demand, margins, capital spending and the revenue outlook.
Friday, October 16: Regional banks round out the week
Reports scheduled before the open include:
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Citizens Financial Group (CFG)
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M&T Bank (MTB)
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Regions Financial (RF)
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Truist Financial (TFC)
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Travelers (TRV).
For traders, watch the reaction
An earnings beat can spark buying, but guidance can quickly change the story.
Does the initial move hold? Can buyers extend above resistance and stay above it? Or does the rally stall, giving sellers another shot?
The earnings provide the catalyst. The price action tells us who is taking control.
This article was written by Greg Michalowski at investinglive.com.