🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Beige Book, Tesla, More Results: 3 Things to Watch

Published 20/10/2020, 20:59
© Reuters.
GOOGL
-
BIIB
-
CSX
-
VZ
-
TMO
-
ABT
-
LVS
-
EW
-
CMG
-
TSLA
-
GOOG
-

By Christiana Sciaudone

Investing.com  --  Will we hear the last of the stimulus debate soon? Here's hoping.

Markets were higher with House Speaker Nancy Pelosi optimistic over getting a deal passed on stimulus, despite key differences, by Tuesday's deadline. She suggested progress has been made with the White House,

Stocks tied to the economy like industrials, materials and financials traded higher.

Investors basically ignored the big giant breaking news story with the government filing an antitrust lawsuit against Google (NASDAQ:GOOGL) on allegations it had violated competition law to preserve its monopoly over internet searches and online advertising. It did nothing to dissuade investors. 

Here are three things that may move markets tomorrow:

 1. Fed Beige Book

So, how's that economic recovery going? The Federal Reserve's October Beige Book will give some clues on the rebound, or lack thereof. It will give a good snapshot from businesses and communities about how the resurgence of Covid is being felt across the country.

2. Tesla on deck to report earnings

Already up more than 410% this year, everybody's favorite electric-vehicle maker is poised to post a profit when it reports after the close. Analysts are expecting Tesla Inc (NASDAQ:TSLA) to deliver adjusted earnings of 55 cents a share on revenue of $8.26 billion. The company earlier this month said it delivered about 140,00 vehicles in the third quarter, but didn't say where it stood on its goal of getting to 500,000 for the year, so keep an eye out for any updated guidance.

3. Earnings by everyone else

Elon Musk not your type? There's a slew of health care related stocks due with Abbott Laboratories (NYSE:ABT), Thermo Fisher Scientific (NYSE:TMO), Edwards Lifesciences (NYSE:EW) and Biogen (NASDAQ:BIIB) all expected to report. Other big names like Verizon Communications Inc (NYSE:VZ)., Las Vegas Sands (NYSE:LVS) Corp., CSX Corp (NASDAQ:CSX) are also on the docket. And if you're hungry, Chipotle Mexican Grill Inc (NYSE:CMG).

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.