We’ve officially entered the last trading week of the month of October and markets appear to be rebounding in today’s early hours as all major indexes currently sit in the GREEN!
However, the long list of updates scheduled for the week ahead could turn that positive news on its head in the coming days.
Join us today as we take a look at the week ahead and the potentially market moving updates that could make or break this positive movement in the markets.
A Big Week for Earnings
All eyes are set on big tech in the week ahead as big names like Facebook, Microsoft, Twitter and Apple take center stage with their latest batch of earnings data being released to the general public.
The big names showing up in earnings this week are not only in the big tech industry, however as other companies on this week’s long roster of earnings reports presenters include the likes of General Electric, Hasbro, JETBLUE, Xerox, Visa, Robinhood, The Boeing Co., The Coca-Cola Company, General Motors, Harley Davidson, McDonald’s Corp., Spotify, Ebay, Ford Motor Co., Comcast, Mastercard, Overstock.com, Amazon and still many more!
In Other News…
Other notable events coming down the pike this week include Tuesday’s latest FDA update on Covid booster shot approval.
Tuesday, the FDA Vaccines and Related Biological Products Advisory Committee is expected to hold a meeting to discuss possible approval for booster doses of Pfizer and BioNTech’s COVID-19 vaccine in children ranging from 5-11 years old.
Skipping ahead to Thursday, GlobalFoundries (a semiconductor chipmaker) will be a stock to watch on this day as the company prepares to make its NASDAQ debut through an IPO offering of 55 million shares at a $42-$47 entry price.
With the semiconductor market continuing to be a hot commodity while an industry shortage (speculated to continue until 2023) holds up business, all as demand continues to increase, many believe a semiconductor producer such as GlobalFoundries could not have picked a better time to enter the market!
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As you can clearly see from the long list of events lined up this week, there’s plenty of opportunity for this market to soar or sink in the days ahead.
If you’d like to continue to stay on top of this volatile market, protecting and growing your investments despite the inevitable ups and downs this market throws our way, then make sure to join DTI friend and market professional Jack Carter now as he shares his predictions for the days ahead and his plan for us all to continue to make money as we wrap up yet another trading month.
P.S. – Wall Street has been taking advantage of pre-market trading for decades: Capitalizing on huge surges that happen before the official US stock market opens.
… But finally, thanks to an update in regulation, the retail trader can turn the pre-market feature “on” in their brokerage and take advantage of the same opportunities!