Automakers, Cisco Lead a Packed Earnings Week

Berkshire Hathaway kicked off the week today, releasing Q3 results this Saturday morning. The conglomerate's $418B market cap makes it the heavyweight of the period.

Monday brings Mazda Motor to the starting grid. ORTEX alt data tracking German car registrations shows the leading indicator running 32% above the same quarter last year, with all three months complete. That points to a strong revenue backdrop as Mazda reports.

Tuesday sees Honda Motor and Nissan Motor both posting results. Japanese car registrations, a leading indicator for Honda revenue, are running 6% ahead of a year ago. For Nissan, the same series is up 12%, with Italian registrations adding a further 16% tailwind. Infineon Technologies also reports Tuesday, alongside Japanese tech giant SoftBank Group.

Vestas Wind Systems and CGI Inc. report Wednesday. Polestar Automotive drops its numbers Thursday. Its Dutch car registrations are down 68% year-on-year. German registrations, however, are running 32% above last year. The mixed signal makes Thursday's print the week's most unpredictable.

Cisco Systems, Applied Materials and Enel all report Friday. Cisco's $376B market cap makes it the biggest US tech print of the week. Applied Materials, worth $253B, closes out the semiconductor earnings season.

No IPOs are listed in the pipeline for the next seven days.

The MSCI World November review announces Wednesday. ORTEX Index Rebalance Radar forecasts about eight deletions. Moderna leads the addition candidates with an 88% probability and $6.4B of estimated forced buying.