If you don't like earnings, then board up the windows, lock the doors, and get into your safe room, because next week will bring about a hurricane, tornado, avalanche, or whatever your disaster of choice may be. We'll see four of the six largest companies in the world by market cap report next week ,including Apple (AAPL) , Alphabet (GOOGL) , and Amazon (AMZN) .
While we've already seen Microsoft (MSFT) report, traders had a fairly good idea it wasn't going to be market moving. What we'll see next week will be market moving. AAPL and GOOGL are Action Alerts PLUS portfolio holdings and AMZN is a holding in the Growth Seeker model portfolio.
It's not just a few top names reporting. We'll see 22 companies with market caps of $100 billion or greater giving us a rundown of last quarter -- and some projections as to how business looks in the current quarter.
Although most of the banking reports are behind us, next week should give us a clear look around the global economy. We get tech. We get retail. Consumer staples. A few cyclicals and non-cyclicals. I'll be interested, as pharma starts to roll in, what we're seeing. And Alibaba (BABA) plus PetroChina (PTR) will give us our best glance at the far east.
Given the Time Warner (TWX) news this morning, many eyes will be focused on Dividend Stock Advisor holding AT&T (T) when we hear from the firm on Oct. 25. The shift in the entertainment industry has been amazing to watch. It used to be satellite versus cable, and now with the emergence of Netflix (NFLX) , Amazon and other streaming players, the mature companies are being pinched into a backbone or content decision. While they may be able to do both, I believe the older companies would do better partnering with one of the younger names rather than trying to band together.
I'll continue to lay out my thoughts on "What To Expect When Expecting Earnings" next week, but if you have any specific requests for regressional analysis and strategy ideas, please feel free to shoot me an email over the weekend, or leave a comment below.