US Stocks: Information Not to Miss This Week

The US stock market ended October on a strong note, with the S&P 500, Nasdaq and Dow Jones indexes all rising in the final session of the week, boosted by better-than-expected earnings from major technology companies and renewed confidence in the possibility of the US Federal Reserve (Fed) continuing to cut interest rates.

Information not to be missed this week

Amazon (AMZN) jumped more than 10% after reporting strong earnings, helping offset losses in Microsoft (MSFT) and Meta (META). Traders are now pricing in a 60% chance of a Fed rate cut in December after last week's policy meeting.

The major indexes ended the month with significant gains, reflecting cautious investor optimism heading into November, despite continued uncertainty surrounding US-China trade relations following the Trump-Xi meeting and the prolonged federal government shutdown.

This week, the market will receive a series of important macro data on manufacturing, services and labor, along with a dense business results announcement season from the technology, retail and healthcare groups, all of which will show the resilience of US economic growth after the Fed's latest interest rate cut.

Evaluation of production and service activities

Investors will get a comprehensive picture of US economic activity this week, starting with the manufacturing PMI and ISM Manufacturing index released on Monday, followed by a series of services data on Wednesday including the ADP jobs report, ISM Non-Manufacturing PMI and Services PMI.

The manufacturing indexes, due at 10:45 and 11:00 a.m. U.S. time, will show industrial output, new orders, and employment in the goods sector, which has been under pressure from trade tensions and high interest rates. The ISM “Producer Prices” component alone will be a key gauge of inflationary pressures in the business sector.

Meanwhile, the services PMI, which accounts for the largest share of US GDP, will help assess the health of key sectors such as healthcare , financial, technology and professional services. Strong results could reduce the Fed’s urgency to continue easing, while weak data will reinforce expectations of a dovish policy in December.

Competition in the semiconductor sector

The semiconductor industry will be in focus with reports from Advanced Micro Devices (AMD) on Tuesday, Qualcomm (QCOM) and Arm Holdings (ARM) on Wednesday.

These results will clarify the need for AI chips, data infrastructure investment and competitiveness in the context of trade tensions with China that have not yet cooled.

AMD will be watched for its data center chip performance, AI accelerators, and competitive position with Nvidia.

Qualcomm will show prospects for smartphone chips, electric vehicles and its strategy to diversify beyond mobile.

Arm provides a view into the licensing of mobile and data center chip architectures that underpin the entire semiconductor industry.

All three businesses face revenue risks in the China market, making their outlook guidance particularly important.

Growth stocks and the tech-based economy

High-growth tech groups will test investors' risk appetite with the big question: Can AI really deliver sustainable returns?

Palantir (PLTR) reports earnings Monday, with expectations showing the pace of AI adoption in government and business.

Datadog (DDOG) released results Thursday, providing insight into the need for cloud infrastructure monitoring.

Uber (UBER), Shopify (SHOP) and Arista Networks (ANET) report Tuesday, reflecting the health of the tech transportation, e-commerce and cloud networking sectors.

Robinhood (HOOD) and AppLovin (APP) announced Wednesday, offering data on personal trading and mobile advertising.

These results will help determine whether the tech group can maintain high growth rates commensurate with its valuation, or whether it is under pressure to slow down.

Consumer spending and the health sector

Reports from McDonald's (MCD) on Wednesday and Airbnb (ABNB) on Thursday will offer contrasting views on US consumer spending patterns.

McDonald's shows value-seeking behavior, customer trends and performance in international markets, especially in a context of middle-income pressure.

Airbnb will reflect travel demand, pricing power and domestic and international bookings.

Additionally, Pfizer (PFE) and Amgen (AMGN) report results Tuesday, providing a look at healthcare costs, drug prices and progress on new pharmaceutical research, while Fortinet (FTNT) Wednesday adds a view from corporate cybersecurity spending.

Signals from the labor market and inflation

Tuesday's JOLTS (job vacancies) report and Wednesday's ADP jobs report will be key in assessing the US labor situation ahead of the official jobs report next Friday.

JOLTS will show hiring needs, turnover rates - a measure of employee confidence - and hiring plans by industry.

ADP provides an early look at private sector employment, while the employment component of the ISM index helps confirm the trend.

In particular, price data in the ISM manufacturing and services reports will be key for the Fed to assess business-level inflation pressures, thereby influencing the December policy decision.

A combination of labor and inflation data this week will help determine whether the U.S. economy is approaching the “soft landing” the Fed wants, or needs more stimulus later in the year.

Source: https://thoibaonganhang.vn/chung-khoan-my-nhung-thong-tin-khong-the-bo-lo-trong-tuan-nay-172943.html