Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Today is already busy. ExxonMobil, Bank of America, Morgan Stanley, BlackRock, Fastenal, State Street and Kinder Morgan all report on Wednesday 14 October. The Progressive Corporation also releases earnings today.
That makes this one of the heaviest single-day earnings slates of the quarter. Bank of America and Morgan Stanley are the ones to watch. Both carry major investment banking and trading divisions. Results will set the tone for the rest of the financial sector.
Tomorrow, Thursday 15 October, the bank wave continues. Charles Schwab, Marsh & McLennan, US Bancorp, PNC Financial and Bank of New York Mellon all report before or around the US open. Logistics name J.B. Hunt reports after the close.
Later in the week, Truist Financial, M&T Bank and Citizens Financial report on Thursday 16 October.
General Motors reports on 20 October. German car registration data, which ORTEX Alt Data tracks as a leading indicator of GM revenue with a 15-day lead, is running 133% above year-ago levels through Q3. That is a positive signal heading into the print.
Tesla follows on 21 October. The same German car dataset, which leads Tesla revenue by 43 days, is up 269% year-on-year. No IPOs were found in the data for the next seven days.
The MSCI World November review ranks on 19 October. PLS Group sits 2% below the exit line. A deletion would force an estimated $385M of selling.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
