Automakers, Berkshire and a Busy Week Ahead

Berkshire Hathaway reported Q3 results today, Saturday. That sets the tone for a week packed with earnings across sectors.

Monday brings three confirmations from US-listed names. Occidental Petroleum, Onto Innovation, Ethan Allen Interiors, and H&R Block all report after the close on Monday 9 November.

Japanese carmakers dominate midweek. Honda Motor and Nissan Motor both report on 10 November. ORTEX alt data shows Japanese car registrations running 6% ahead year-on-year for Honda and 12% up for Nissan. Both readings lead reported revenue by 65 days with a strong fit, so the direction is positive heading into their prints.

Polestar Automotive reports Thursday 12 November. Its Dutch car registrations are running 68% below the same quarter last year. That leading indicator carries a strong fit. Polestar also carries a cost to borrow of 268% APR, with availability at just 8.5% of short interest, signalling intense bearish positioning.

The MSCI World November review announces Wednesday 11 November. ORTEX Index Rebalance Radar forecasts around eight deletions. Moderna heads the addition candidates at 88% probability, with an estimated $6.4 billion of forced buying.

No IPOs were confirmed in the database for the next seven days. The macro backdrop is supportive: US nonfarm payrolls reached a record 159,293 thousand in October, the highest October reading since 1997, per ORTEX alt data.