Tech Giants, Autos Lead a Packed Earnings Week

Today and tomorrow are the busiest stretch of the season. Microsoft ($3.96 trillion market cap) and Alphabet both report after the bell today. Amphenol, eBay, and Chipotle Mexican Grill also release numbers this afternoon.

Tomorrow raises the stakes further. Amazon and Intel post results after markets close. Gilead Sciences and Illumina join them. Société Générale and Bristol-Myers Squibb hold calls earlier in the day.

European carmakers are in focus Wednesday and Thursday. Mercedes-Benz Group reports today. Dutch car registration data, a leading indicator for Mercedes revenue, is running 6% below the same quarter last year across all three months. Volkswagen and Renault follow on Thursday. Austrian car data, which leads Volkswagen revenue, is also down 6% year on year. Renault faces a tougher read: Dutch registrations point 19% lower versus last year.

Later in the week, Apple reports Sunday evening. Amgen and Marriott International are also scheduled before the week closes.

No IPOs were found in the database for the next seven days.

The Russell 2000 rank date falls Thursday 30 October, with the announcement due 13 November. Life Time Group Holdings sits just 0.1% below the Russell 1000 entry line, according to ORTEX Index Rebalance Radar. A Russell 2000 deletion alone would trigger an estimated $937 million of forced selling.