Earnings Avalanche Hits; Ferrari and Apple Lead the Week

Today marks the start of one of the busiest reporting weeks of the season. Nearly 2,000 companies are scheduled to report globally between now and Thursday.

Today and tomorrow bring the heaviest European flow. SAF Safran and Air Liquide both post numbers today. Both are large-cap French industrials with market caps above $125bn. Galderma and Holcim also report today from Switzerland. PUMA adds consumer flavour to the mix.

AAPL Apple reports Monday after the close. Its $5.1 trillion market cap makes it the single biggest print of the week anywhere in the world. Marriott and IDXX both hold calls Monday morning.

AMGN Amgen reports Monday evening. It carries a $249bn market cap and is one of the largest biotech prints of the quarter.

RACE Ferrari reports Tuesday, November 3. Austrian car registration data tracked by ORTEX, a leading indicator for Ferrari revenue, is running 75% below the same quarter last year. That is a three-month trend. Investors will be watching closely.

HUM Humana closes out the week Thursday with a $50bn market cap print. CHTR Charter Communications also reports Thursday.

No significant IPOs are scheduled in the next seven days. The calendar is clean on that front, leaving full attention on the earnings slate.