Investors brace for a unique trading environment as a government shutdown creates a shortened week for bond traders, with markets preparing for a four-day trading schedule. As key economic reports experience delays due to the shutdown, corporate earnings reports take center stage. Notably, bond markets, banks, and governmental offices will be closed on Tuesday for Veterans Day, while stock markets continue their operations.
This week’s earnings calendar is highlighted by reports from major companies including Walt Disney, CoreWeave, Sony, Cisco, and Applied Materials. Of particular interest is the small business optimism survey for October, which aims to gauge the economic pressures affecting small firms. Meanwhile, the Treasury Department’s monthly budget report is anticipated to reveal revenue trends influenced by tariffs.
CoreWeave, an artificial intelligence data center firm, will kick off the earnings week with its report on Monday. The company, having gone public earlier this year, saw its shares more than double, buoyed by collaborations with tech giants Nvidia and Meta, generating significant investor enthusiasm.
On Tuesday, nuclear power provider Oklo is projected to report growth linked to the rising demand for electricity from AI data centers. Cisco Systems will release its earnings on Wednesday, following an ambitious new AI sales target set in the previous quarter. Thursday will see Applied Materials report amidst continuing restrictions on its sales to China, alongside a highly anticipated earnings report from Walt Disney, who has recently launched its ESPN sports app and is pursuing the acquisition of the NFL network.
In addition to these earnings, chipmaker Advanced Micro Devices (AMD) will host an analyst day on Tuesday. CEO Lisa Su is expected to provide insights into the company’s roadmap for artificial intelligence, with the event scheduled to be streamed live at 1 p.m. ET.
This week’s corporate earnings calendar is packed:
Monday, Nov. 10
- Key Earnings: CoreWeave, Occidental Petroleum, Rocket Lab, AST Space Mobile, Tyson Foods
Tuesday, Nov. 11
- Veterans Day holiday: Bond markets, banks, and federal government closed; Stock markets open
- AMD Analyst Day
- NFIB Small Business Optimism (October)
- Key Earnings: Sony Group, Oklo, Nebius Group
Wednesday, Nov. 12
- Key Earnings: Cisco Systems, Manulife Financial, Flutter Entertainment, Tencent Music, Circle Internet Group, On Holdings
Thursday, Nov. 13
- Monthly U.S. Federal Budget
- Data impacted by the shutdown: Consumer Price Index (October), Initial Jobless Claims (Week ending Nov. 8)
- Key Earnings: Walt Disney, Applied Materials, Brookfield, JD.com
Friday, Nov. 14
- Data impacted by the shutdown: Retail Sales (October), Producer Price Index (October), Business Inventories (September)
- Federal Reserve Officials Speaking: Kansas City Fed President Jeff Schmid, Dallas Fed President Lorie Logan
In addition to the corporate focus this week, those relying on the Affordable Care Act for health insurance coverage should prepare for potentially significant premium increases, a key concern linked to the ongoing government shutdown. Insight on whether to enroll now or delay is available from Investopedia, helping individuals navigate the uncertain landscape of health coverage amidst political impasse.
