Tesla, Netflix earnings, Spirit Airlines shareholder vote, existing home sales next week

Investors are preparing for another wave of corporate earnings and economic data. In addition, Wall Street will monitor developments from the major shareholder vote on JetBlue Airways’ proposed merger with Spirit Airlines.

On Friday, US stocks closed out a strong week with losses for all three major criteria. Over the course of the week, the Dow Jones Industrial Average gained 1.3%, while the S&P 500 and Nasdaq Composite were down 1.5% and 3%, respectively.

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Me: DJI Dow Jones averages 29634.83 -403.89 -1.34%
SP500 Standard & Poor’s 500 3583.07 -86.84 -2.37%
I: COMP Nasdaq Composite Index 10321.388223 -327.76 -3.08%

FOX Business takes a look at upcoming events likely to move financial markets in the coming days.

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Monday 10/17

Earnings week for Bank of America, Bank of New York Mellon and Charles Schwab will begin before the market opens.

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buck Bank of America Corp. 31.75 +0.07 + 0.22%
BK Bank of New York Mellon Corp. 38.41 -0.80 -2.04%
black Charles Schwab Company. 69.06 -4.98 -6.73%

As for economic data, investors will focus on the Empire State Manufacturing Index.

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WMT Wal-Mart Corporation 130.43 -1.85 -1.40%
WBA WALGREENS BOOTS ALLIANCE INC. 33.24 -0.41 -1.22%

Other notable events include the deadline for 19 million Americans who have requested extensions to file their income taxes, Walmart and Walgreens selling over-the-counter hearing devices and Sam’s Club raising club membership fees for the first time in nine years and additional membership fees for the first time since it was introduced in 1999.

Tuesday 10/18

Gains will rise on Tuesday with Albertsons, Goldman Sachs, Hasbro, Johnson & Johnson and State Street Corp before the market opens.

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ACI Alperson Companies 26.21 -2.42 -8.45%
p Goldman Sachs Group of Companies 300.36 -7.06 -2.30%
she has HASBRO INC. 66.60 -1.49 -2.19%
JNJ Johnson & Johnson 164.46 -0.69 -0.42%
ST STATE STREET CORP. 61.12 -2.36 -3.72%

Among the big names in the spotlight after the bell are Netflix, United Airlines JB Hunt Transportation Services and Interactive Brokers Group.

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NFLX NETFLIX INC. 230.00 -2.51 -1.08%
UAL United Airlines Holdings 35.47 +0.07 + 0.20%
JBHT JB HUNT TRANSPORT SERVICES INC. 163.20 -3.02 -1.82%
IBKR INTERACTIVE BROKERS GROUP INC. 68.42 -2.23 -3.16%

On the economic data front, investors will take note of the Industrial Production and Housing Market Index of the National Association of Home Builders. Neil Kashkari, President of the Federal Reserve Bank of Minneapolis, participates in a discussion on the economy and a question-and-answer session in front of the Women Directors Branch in Minnesota.

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Wednesday 10/19

Abbott Labs, Ally Financial, M&T Bank, Procter & Gamble and Winbago will be among the companies reporting quarterly earnings results before the market opens on Wednesday.

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ABT ABBOTT Laboratories 101.05 -1.40 -1.37%
ally ALLY FINANCIAL INC. 29.25 -0.92 -3.05%
MTB M&T BANK CORP. 185.56 -1.68 -0.90%
PG Broker & Gamble Co. 125.08 -1.23 -0.97%
Who is the WINNEBAGO INDUSTRIES INC. 55.95 -1.03 -1.81%

Meanwhile, IBM, Tesla, Alcoa, Equifax and WD-40 will be among the companies to be focused on after the bell.

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IBM International Business Machines Corporation. 120.04 -1.75 -1.44%
TSLA Tesla Corporation 204.99 -16.73 -7.55%
AA ALCOA CORP. 38.35 -2.53 -6.19%
EFX Equifax INC. 159.23 -5.70 -3.46%
WDFC WD-40 CO. 169.07 -3.65 -2.11%

Wednesday’s economic data will include housing starts, building permits, weekly mortgage applications and the EIA’s weekly crude oil inventories.

Additionally, Minneapolis Fed President Neil Kashkari will participate in a question-and-answer session on “Inflation, Interest Rates, and the State of the U.S. Economy” before Staffers of the Travelers Institute and Chicago Fed President Charles Evans participate in a moderate session. A question-and-answer session on current economic conditions and monetary policy hosted by the Jefferson Foundation for Scholars.

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blue JetBlue Airways Corporation. 6.67 0.00 0.00%
save Spiritual Airlines Company 19.43 -0.22 -1.12%

Spirit Airlines shareholders will also vote on JetBlue Airways $3.8 billion acquisition of the airline agreed in July. JetBlue and Spirit expect to finalize the regulatory process and close the deal no later than the first half of 2024.

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Thursday 10/20

The earnings presentation will continue Thursday, with American Airlines, AT&T, Blackstone, Danaher, Philip Morris, Quest Diagnostics and Union Pacific among the companies reporting before the market opens.

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AAL American Airlines Group 13.11 +0.06 + 0.46%
T AT&T INC. 15.01 -0.10 -0.66%
BX Black stone 84.16 -2.21 -2.55%
DHR DANAHER CORP. 253.71 -3.56 -1.38%
evening Philip Morris International 85.33 -1.92 -2.20%
DGX Quest Diagnostics Inc. 126.11 +0.40 + 0.32%
UNP Pacific Union Corporation. 193.79 -2.95 -1.50%

Meanwhile, Snap Inc, Whirlpool, Boston Beer and Tenet Healthcare will be among the leaders in earnings after the bell.

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Explode, Explode SNAP INC. 9.99 -0.59 -5.58%
WHR Whirlpool Corporation. 139.21 -4.12 -2.87%
Toxic Boston Bear Co., Ltd. 350.97 -20.11 -5.42%
THC Tenet Healthcare Corporation. 52.06 -2.01 -3.72%

Economic data on Thursday’s agenda will include existing home sales, the Philadelphia Fed manufacturing index, the Conference Board’s index of leading economic indicators and another on initial and continuing jobless claims. Philadelphia Fed President Patrick Harker will also speak on the economic outlook before the Greater Vinland Chamber of Commerce.

Friday 10/21

Closing the week will be earnings for American Express, HCA Healthcare, Huntington Banks, Financial Districts, Schlumberger and Verizon before the market opens on Friday.

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AXP American Express Corporation. 137.13 -4.46 -3.15%
HCA HCA HEALTHCARE INC. 201.47 -4.53 -2.20%
RF Financial Districts Corporation. 20.68 -0.20 -0.96%
SLB SCHLUMBERGER NV 42.17 -2.01 -4.55%
VZ Verizon Communications 36.38 -0.02 -0.04%

New York Fed President John Williams will also deliver opening remarks ahead of the “Skills Gap: Building Local Talent for In-Demand Jobs” event organized by the Berkshire Taconic Community Foundation, Columbia-Greene Community College, and the Colummia and Green County Economic Development Commissions.

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