Earnings Flood Hits Markets This Week

Today brings a wave of major results. BUD Anheuser-Busch InBev reports with a $160B market cap on the line. ING Groep also posts today, alongside COLM Columbia Sportswear in the US.

In Europe, Adidas delivers its quarter today. Austrian car registration data runs 6% above last year for Renault, which also reports today. That same dataset runs 6% below prior year for Volkswagen, reporting alongside Renault. Both sets cover the full three months, per ORTEX alt data.

Tomorrow, Kia Corporation posts results. Austrian car registrations run 9% above last year for Kia, with all three months of the quarter in, according to ORTEX alt data.

Later in the week, Ferrari reports on 3 November. Austrian car data for Ferrari runs 75% below last year on a weak-fit dataset. That is a sharp reading, though the fit is flagged as weak.

Polestar follows on 5 November. Dutch car registrations run 37% below last year for Polestar. German car data, a strong-fit leading indicator, runs 32% above. The two signals point in opposite directions.

No IPOs are scheduled in the next seven days.

On the index front, tomorrow is the Russell 2000 December review cut-off. Names straddling the entry line include HCAT at $135M and NEOV just 0.2% above it. ORTEX Index Rebalance Radar puts TOP Financial at a 76% chance of Russell 2000 addition, with $203M of potential buying at stake.