Market Domination Hosts Julie Hyman and Josh Lipton break down what to watch next week.
Tesla (TSLA) is expected to report its third quarter delivery numbers on Wednesday. Analysts expect deliveries to come in at about 462,000, with some projecting it to be as high as 470,000.
Monthly JOLTS (Job Openings and Labor Turnover Survey) data will be released on Tuesday. Economists anticipate openings will increase to 7.7 million in August. On Friday, investors will get the September jobs report, where they expect 130,000 nonfarm payroll jobs to be added and the unemployment rate to hold steady at 4.2%.
Nike (NKE), ConAgra (CAG), Cal-Maine Foods (CALM), Carnival (CCL), Levi’s (LEVI), and Constellation Brands (STZ) are all expected to report their earnings next week.
Finally, Tuesday could mark the start of the first port strike along the Gulf and East Coast in nearly 50 years.
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This post was written by Melanie Riehl
Time now for to watch next week.
October is a big month for Elon Musk and Tesla.
The company expected to report earnings toward the end of the month and have its long awaited robo tax reveal on the 10th.
But to kick things off, Tesla is expected to report delivery numbers for the third quarter.
Coming on Wednesday, analysts estimate delivery to come in at about 462,000.
But some analysts are saying that number could be as high as 470,000.
Turning over to the labor market will be getting a new batch of jobs data starting next next week, starting with monthly jolts.
Numbers.
Remember that’s the job openings and labor turnover survey that comes out Tuesday morning, economists forecast openings will increase to 7.7 million in August.
And then of course on Friday, we’ve got the full job September that’s out ahead of the open 130,000 non farm payroll jobs expected to be added and the unemployment rate forecast to hold steady at 4.2%.
Of course jobs data.
Now at the forefront for the Federal Reserve after cut rates for the first time in four years and on the earnings calendar, going to hear from Nike Con Agra and Carnival Corporation, among others, Nike report first quarter earnings on Tuesday after the close and was expecting weaker sales for Q one.
But we listen closely for any commentary on the company’s recent CEO transition.
Plus on Tuesday, we could see the start of that port strike we’ve been talking about along the gulf and east coast.
If the longshoreman go on strike, it will be the first time that all of these ports will be shuttered in nearly 50 years.