Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
The earnings calendar is packed. General Motors kicks off Tuesday with its Q3 report. German car registration data, which leads GM revenue by 15 days with a strong fit, is running 133% above the same quarter last year. That is a striking read-through ahead of the print.
Tesla follows on Wednesday. The same German car dataset leads Tesla revenue by 43 days and is running 269% above year-ago levels for the same quarter. Short sellers will be watching closely.
Today, Nestlé published its update, with the Swiss food giant carrying a market cap near $250 billion. Schneider Electric and Givaudan also reported this morning. In the US, and released numbers at midday.
No IPOs are priced in the next seven days.
One index note worth flagging: Fabrinet's deletion odds from MSCI World jumped from 8% to 49% overnight. The ranking cut-off is Monday 19 October. That could force $826 million of index selling, equal to 2.4 days of normal volume, per ORTEX Index Rebalance Radar.
Macro context adds pressure. US core CPI hit 339.287 in September, the highest reading since the series began in 1997, per ORTEX Alt Data. The annual rate reached 3.7%, the highest September reading in two years.
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.
