Autos, Tech and Telecoms Crowd a Busy Week

Sony and Microchip Technology are among the first names out of the gate today, Thursday. Sony reported this morning from Tokyo. Microchip releases after the US close, alongside precision instrument maker Mettler-Toledo and Akamai Technologies.

Allstate and Becton, Dickinson both held calls earlier this morning. Sempra and The Southern Company dropped results before the open. Cardinal Health also reported Thursday, with a market cap of $58.6 billion.

Polestar held its earnings call today too. Dutch car registration data, a leading indicator tracked by ORTEX, is running 68% below the same quarter last year. German car data, however, runs 32% ahead for the same period. The two signals pull in opposite directions ahead of a quarter investors are watching closely.

Friday brings Humana and Charter Communications. Charter carries added weight this week. ORTEX Index Rebalance Radar puts Charter's odds of MSCI World deletion at 71%, with its market cap sitting 20.5% below the exit threshold. That would force $901 million of index selling.

Honda Motor also reports Friday. Japanese car registrations, a leading indicator for Honda revenue, are running 10% below the same quarter last year.

Later in the week, SoftBank and Infineon both release on Monday. Vestas Wind Systems and Enel follow Tuesday.

No IPOs are scheduled in the next seven days.