GM Fires First, Tesla Follows Tomorrow

Today brings a heavy wave of S&P 500 earnings. General Motors reports this morning, with German car registration data tracked by ORTEX Alt Data running 133% above last year's same quarter, a strong leading signal for its revenue line. General Electric, RTX and Northrop Grumman also report today, giving defence and industrials investors a packed morning. Netflix and Intuitive Surgical follow after the close. Synchrony Financial rounds out today's confirmed earnings slate.

Tomorrow, Tuesday 21 October, is the week's biggest single day. Tesla reports after the US close. German car registration data leads Tesla's revenue by 43 days and is running 269% above the same quarter last year, according to ORTEX Alt Data. Verizon, Lockheed Martin and Philip Morris are also confirmed for Tuesday.

Later in the week, Renault reports Wednesday, with mixed leading signals: Austrian car data up 6% but Dutch registrations down 19% year-on-year. Volvo Car and T-Mobile US are scheduled Thursday.

No IPOs are confirmed in the next seven days based on available data.

Index watchers should note that the MSCI World November review rank date passed on 19 October. McCormick carries an 80% deletion probability per ORTEX Index Rebalance Radar, with $692M of potential forced selling. Textron sits at 53% deletion odds after its probability halved overnight, though its market cap remains 14% below the exit line.