Autos, Apple and a Busy Week Ahead

AAPL reports today, Monday, after the close. The $5 trillion company faces scrutiny over Services margins and AI product uptake. It is the biggest print of the week by far.

Also today, MAR releases results before the open. The $104bn hotel group will give a read on global travel demand. CRBG and CHKP also report today.

Tuesday brings AMGN, the $252bn biotech, alongside Ferrari RACE. ORTEX alt data flags a headwind for Ferrari: Austrian car registrations, a leading indicator for its revenue, are running 75% below the same quarter last year.

Wednesday sees SONY and ALL drop results. Humana HUM reports Thursday, a key read on US managed care after a turbulent year for the sector.

The auto theme runs deep this week. HMC (Honda) reports Thursday. Japanese car registrations, a dataset ORTEX measures as a 65-day lead for Honda revenue, are running 10% below the same quarter last year. RNO (Renault) and PSNY (Polestar) both report Wednesday. Dutch car registrations hit their smallest October in 13 years, a dataset leading Polestar revenue by 60 days. Against that, German car data tracked by ORTEX is running 32% above last year, a signal also flagged for Mazda 7261, which reports Thursday.

No IPOs are scheduled in the next seven days.