Investors have a busy week ahead, with the Federal Reserve set to meet on Wednesday. The Fed is widely expected to leave the target federal funds rate unchanged at 5.25%-5.5%. SA analyst Damir Tokic said current economic data doesn't support the case for maintaining rates, adding the S&P 500 index could negatively respond to the pause if 10Y yields spike above 5%. Meanwhile, Investing Group Leader Shareholders Unite detailed why the thesis of immaculate disinflation holds, but flagged the risks of the Fed over-tightening and surging bond yields.Markets will also closely watch the employment numbers due next week - the ADP jobs update, the JOLTS report, non-farm payrolls data, and the Challenger job cuts report - for further clues on how the economy is progressing.
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| Welcome to the Sunday edition of Wall Street Breakfast, which previews events for investors to watch during the upcoming week. If you want to receive this a day earlier, follow Stocks to Watch and select the option to receive email notifications. Top News Investors have a busy week ahead, with the Federal Reserve set to meet on Wednesday. The Fed is widely expected to leave the target federal funds rate unchanged at 5.25%-5.5%. SA analyst Damir Tokic said current economic data doesn't support the case for maintaining rates, adding the S&P 500 index could negatively respond to the pause if 10Y yields spike above 5%. Meanwhile, Investing Group Leader Shareholders Unite detailed why the thesis of immaculate disinflation holds, but flagged the risks of the Fed over-tightening and surging bond yields. Markets will also closely watch the employment numbers due next week - the ADP jobs update, the JOLTS report, non-farm payrolls data, and the Challenger job cuts report - for further clues on how the economy is progressing. | | Earnings Earnings spotlight: Monday, October 30 - McDonald's (MCD), Pinterest (PINS), Transocean (RIG), and SoFi Technologies (SOFI).
Earnings spotlight: Tuesday, October 31 - Amgen (AMGN), Caesars Entertainment (CZR), Caterpillar (CAT), First Solar (FSLR), Pfizer (PFE), JetBlue Airways (JBLU), and Advanced Micro Devices (AMD).
Earnings spotlight: Wednesday, November 1 - CVS Health (CVS), DuPont (DD), Estée Lauder (EL), Humana (HUM), Qualcomm (QCOM), Yum! Brands (YUM), Airbnb (ABNB), Electronic Arts (EA), PayPal (PYPL), AIG (AIG), and Etsy (ETSY).
Earnings spotlight: Thursday, November 2 - Apple (AAPL), Moderna (MRNA), Palantir Technologies (PLTR), Starbucks (SBUX), Regeneron Pharmaceuticals (REGN), Duke Energy (DUK), Booking Holdings (BKNG), Paramount Global (PARA), Monster Beverage (MNST), and DraftKings (DKNG).
Earnings spotlight: Friday, November 3 - Dominion Energy (D) and Fluor (FLR). | | | | Events Conference schedule: Automotive companies such as AutoNation ( AN), AutoZone ( AZO) and Genuine Parts ( GPC) will attend the 47th Annual Automotive Symposium in Las Vegas, scheduled on October 30-31. Healthcare investors will eye the 38th Annual Meeting of the Society for Immunotherapy of Cancer slated for November 1-5 in San Diego. The event will see participation from Cellectis ( CLLS), NexImmune ( NEXI), CRISPR Therapeutics ( CRSP), and Gamida Cell ( GMDA). | | Stocks Volatility watch: Short interest levels are elevated on Novavax ( NVAX), Fisker ( FSR) and Beyond Meat ( BYND). Options trading volume has moved higher in the last few days on Sportsman's Warehouse ( SPWH) and Ebix ( EBIX). The most overbought stocks per their 14-day Relative Strength Index are Willis Towers Watson ( WTW) and Splunk ( SPLK). The most oversold stocks per their 14-day Relative Strength Index are Blackstone ( BX), Goldman Sachs ( GS) and Old Dominion Freight Line ( ODFL). Quant ratings: Stocks with recent quant rating changes include Palantir Technologies ( PLTR) to Strong Buy from Hold, nCino ( NCNO) to Buy from Hold, and Tower Semiconductor ( TSEM) to Hold from Sell. See the stocks with the very highest rated Seeking Alpha Quant Ratings. | | Seeking Alpha's Wall Street Breakfast Podcast Seeking Alpha's Wall Street Breakfast podcast brings you all the news you need to know for your market day. Released by 8:00 AM ET each morning, it is a quick listen that you can put on as you get ready to start your working day. | | | | |
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