Wall Street earnings season for Q3 2023 is gathering pace and we are entering one of the most interesting weeks in terms of reports scheduled. Investors will be offered earnings reports for top US tech companies, including many mega-caps. Apart from that, a total of 12 Dow Jones index members, accounting for over 30% of index weight, will report results over the next couple of days. Apart from those, US defense companies - RTX Corp (RTX.US) and Northrop Grumman (NOC.US) - as well as US oil companies - ExxonMobil (XOM.US) and Phillips 66 (PSX.US) - are also scheduled to report this week.
Key releases from US tech sector:
- Alphabet (GOOGL.US)
- Microsoft (MSFT.US)
- IBM (IBM.US)
- Meta Platforms (META.US)
- Amazon (AMZN.US)
- Intel (INTC.US)
12 companies from the Dow Jones index (31.4% of total index weight):
- 3M (MMM.US)
- Coca-Cola (KO.US)
- Dow (DOW.US)
- Microsoft (MSFT.US)
- Verizon Communications (VZ.US)
- Visa (V.US)
- IBM (IBM.US)
- Boeing (BA.US)
- Honeywell International (HON.US)
- Intel (INTC.US)
- Merck & Co (MRK.US)
- Chevron (CVX.US)
Top Wall Street earnings reports this week. Source: Bloomberg Finance LP, XTB Research
Rivian Automotive: Rising star or a meteorite?
US OPEN: Valuations under pressure amid deregulation spree
DE40: DAX gains 0.5%📈Lufthansa surges almost 5% amid Kepler recommendation
Broadcom shares drop 5% despite robust earnings and AI demand 🗽
