Latest / Best of: Features / Big earnings reports, homebuilding and the mood of consumers up front next week

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Big earnings reports, homebuilding and the mood of consumers up front next week · Best of: Features

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  Big Earnings Reports, Home Building, and the Mood of Consumers Upfront next
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  week. This article is being read by an automated
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  voice generated by Everlett. New York, the AP, quarterly financial
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  updates from a wide range of major U.S. Corporations, including technology companies
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  and airlines, will dominate the calendar this week. But there will also
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  be new data on jobs, and the mood of American consumers who
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  feel overburdened by rising prices on everything from beef to a gallon
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  of gas. Inflation has also weighed on US corporations, as shown in
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  data last week, on producer prices and import prices, both of which
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  measure rising costs before they hit the consumer. Here's a look at
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  some of the key reports coming in the week ahead. Corporate earnings
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  reports could reveal impact of inflation, but Investors will get a broad
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  view of how companies are handling the persistent pressure of inflation through
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  the lens of toy sales, streaming entertainment viewership, computer chips, and airline
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  bookings. Wall Street expects another big surge in profits from companies in
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  the S P five hundred index. Overall, analysts polled by Factset expect
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  profit growth of just under thirty percent, with the energy industry leading
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  the way, followed by the tech sector. On Tuesday, General Motors reports
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  quarterly results. Industry analysts believe profits surged. Toymaker Hasbro and streaming entertainment
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  giant Netflix also report Tuesday. Wall Street expects a slimmer profit from
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  United Airlines holdings on Wednesday. Airlines have raised fares, but it's difficult
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  to keep pace with rising fuel costs as well as labor costs
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  and other inflationary pressures. Companies with ties to artificial intelligence also report
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  quarterly earnings. Wall Street expects slimmer profits for Tesla, while Facebook owner
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  Meta and IBM are expected to report profit growth. Investors want to
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  know whether all The
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  big AI investments are translating into future growth and whether a major
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  run up in stock values is justified. Home builder activity may level
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  out following months of declines, but The US releases its September port
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  on New Home Construction Tuesday. The Housing Starts report is expected to
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  show that Home building edged higher after two months of declines. The
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  housing sector has been in a slump since twenty twenty two, and
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  high mortgage rates have become a difficult hurdle for homebuyers. So have
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  rising construction costs. Building materials have grown much more expensive, as has
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  labor, as the Trump administration continues an aggressive deportation campaign. Home builders
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  have lagged the broader market. KB Home and Leoner are down more
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  than twenty percent in twenty twenty six, compared with a fourteen percent
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  rise in the S P five hundred. Consumers are growing increasingly anxious
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  about the economy. The University of Michigan releases one final update for
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  its October sentiment survey, which has been worsening. What
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  tracks with other consumer confidence surveys, showing that households are increasingly worried
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  about inflation's impact on their budgets and ability to plan for the
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  future. While American consumers are clearly feeling glum, they continued to spend.
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  Part of the reason is simply that prices are higher. For example,
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  according to data released last week, retail sales increased zero point eight
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  percent in September, but if sales at gas stations are removed, they
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  rose only zero point two percent. What is adding to consumer frustration
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  is that those higher gas prices appear to be seeping into other
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  parts of the economy. Wholesale food prices jumped one point two percent
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  from August to September. The data indicated that rising fuel prices, particularly
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  for diesel used by long haul trucks and freight trains, are pushing
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  up the cost of shipping and warehousing goods.