Tech Giants Lead a Packed Earnings Week

Microsoft and Amazon dominate the calendar this week. Both companies report against a backdrop of surging cloud demand and AI infrastructure spend.

Microsoft holds its earnings call Tuesday after the close. Amazon follows on Wednesday. Both carry market caps above $2.5 trillion. Their results will set the tone for tech heading into November.

Intel also reports Wednesday. The chipmaker's turnaround effort remains closely watched. Its $457 billion market cap reflects investor uncertainty about its foundry strategy.

Today brings results from S&P Global and Centene. S&P Global reports at 7:15am New York time. Centene's call follows shortly after, with managed care investors watching margins closely.

Tuesday sees Chipotle Mexican Grill, Amphenol, Align Technology and Raymond James Financial all reporting. Houlihan Lokey releases results after the close.

In Europe, Mercedes-Benz Group reports Tuesday. ORTEX registration data shows Dutch car sales running 6% below the same quarter last year. That is a three-of-three months signal and a strong historical fit for Mercedes revenue.

Volkswagen and Renault both report Wednesday. Austrian car registrations, a leading indicator for both, are running down 6% year on year for Volkswagen.

On the index radar, the Russell 2000 December semi-annual rank date falls Thursday. Old National Bancorp (ONB) sits exactly on the deletion line. A drop would trigger an estimated $1.2 billion of forced selling.

Apple closes the week with results due Sunday alongside Bristol-Myers Squibb and BorgWarner on Wednesday.