Automakers, Cisco Lead a Busy Earnings Week

Monday sees the first significant print of the week. Mazda Motor Corporation releases results on 9 November. ORTEX alt data, which leads Mazda's revenue by 30 days, shows German car registrations running 32% above the same quarter last year across all three months. That is a strong tailwind for the top line.

Nissan Motor Co. and SoftBank Group both report on Monday 10 November. Japanese car registrations, a leading indicator for Nissan's revenue, are tracking 12% above a year ago. SoftBank, with a market cap of $143bn, is the largest name reporting that day globally.

Thursday 12 November is the week's biggest day. Cisco Systems posts results after the close. At $377bn market cap, it is the dominant print of the week. Investors will focus on AI networking demand and enterprise spending trends.

Also on Thursday, Polestar Automotive reports. Dutch car registrations, a leading indicator for Polestar's revenue, are running 68% below last year. German registrations point the other way, up 32%. The divergence sets up a complicated quarter for the EV maker.

The MSCI World November review announces on Wednesday 11 November. Around eight deletions are expected. Moderna heads the addition candidates with an 88% probability and $6.4bn of estimated forced buying.

No IPOs are confirmed for the coming seven days.