Weekly Watch | Saudi Aramco Expected to Release Earnings Report Next Tuesday; Critical Alert! U.S. Presidential Election and Federal Reserve Meeting Looming
Palantir PLTR | 147.43 | +0.64% |
Super Micro Computer, Inc. SMCI | 23.02 | +2.27% |
QUALCOMM Incorporated QCOM | 126.18 | -0.86% |
ARM Holdings PLC Sponsored ADR ARM | 147.51 | -4.88% |
BioNTech BNTX | 89.70 | +0.31% |
"Weekly Watch" provides a snapshot of the key events, economic data, and earnings reports expected to influence the financial markets in the US and Saudi Arabia over the upcoming week, allowing you to stay ahead and capture market opportunities in advance.
Here are the key earnings reports and financial events in the US to watch:

Key company actions and financial events in Saudi Arabia to monitor are as follows:

U.S. Market Overview
Next week, the U.S. stock market will keenly monitor earnings reports from key companies including Palantir Technologies ( Palantir Technologies(PLTR.US) ), Super Micro Computer, Inc. ( Super Micro Computer, Inc.(SMCI.US) ), QUALCOMM Incorporated ( QUALCOMM Incorporated(QCOM.US) ), and Arm Holdings Ltd. ( Arm Holdings Ltd.(ARM.US) ). Additionally, significant attention will be paid to the U.S. presidential election results on November 5, alongside various U.S. Treasury auctions. On November 7, the focus will shift to the Fed Interest Rate Decision and the subsequent FOMC Statement.
Here is the detailed breakdown:
Monday
Economic Data:
- Factory Orders (MoM) (Sep)
- 3-Year Note Auction
Earnings:
- BioNTech SE ( BioNTech SE(BNTX.US) )
- Palantir Technologies ( Palantir Technologies(PLTR.US) )
- NXP Semiconductors NV ( NXP Semiconductors NV(NXPI.US) )
- Realty Income Corporation ( Realty Income Corporation(O.US) )
Tuesday
Economic Data:
- U.S. Presidential Election
- Exports (Sep)
- Imports (Sep)
- S&P Global Services PMI (Oct)
- ISM Non-Manufacturing PMI (Oct)
- ISM Non-Manufacturing Prices (Oct)
- 10-Year Note Auction
- API Weekly Crude Oil Stock
Earnings:
- Marathon Petroleum Corporation ( Marathon Petroleum Corporation(MPC.US) )
- E. I. du Pont de Nemours and Company ( E. I. du Pont de Nemours and Company(DD.US) )
- Super Micro Computer, Inc. ( Super Micro Computer, Inc.(SMCI.US) )
- Devon Energy Corporation ( Devon Energy Corporation(DVN.US) )
Wednesday
Economic Data:
- Crude Oil Inventories
- 30-Year Bond Auction
Earnings:
- Novo Nordisk ( Novo Nordisk A/S Sponsored ADR Class B(NVO.US) )
- Toyota Motor Corp. ( Toyota Motor Corp. Sponsored ADR(TM.US) )
- American Electric Power Company, Inc. ( American Electric Power Company, Inc.(AEP.US) )
- QUALCOMM Incorporated ( QUALCOMM Incorporated(QCOM.US) )
- Arm Holdings Ltd. ( Arm Holdings Ltd.(ARM.US) )
- Gilead Sciences, Inc. ( Gilead Sciences, Inc.(GILD.US) )
Thursday
Economic Data:
- Initial Jobless Claims
- Nonfarm Productivity (QoQ) (Q3)
- Unit Labor Costs (QoQ) (Q3)
- Retail Inventories Ex Auto (Sep)
- Fed Interest Rate Decision
- FOMC Statement
- FOMC Press Conference
Earnings:
- Duke Energy Corporation ( Duke Energy Corporation(DUK.US) )
- Vistra Energy Corp. ( Vistra Energy Corp.(VST.US) )
- Barrick Gold Corp. ( Barrick Gold Corp.(GOLD.US) )
- Airbnb, Inc. ( Airbnb, Inc.(ABNB.US) )
- Block ( Block(SQ.US) )
Friday
Economic Data:
- Michigan 1-Year Inflation Expectations (Nov)
- Michigan 5-Year Inflation Expectations (Nov)
- Michigan Consumer Expectations (Nov)
- WASDE Report
- U.S. Baker Hughes Oil Rig Count
- U.S. Baker Hughes Total Rig Count
Earnings:
- Sony Group Corporation ( Sony Group Corporation American Depositary Shares(SONY.US) )
- EOG Resources, Inc. ( EOG Resources, Inc.(EOG.US) )
- Premara Financial, Inc. ( Premara Financial, Inc.(PARA.US) )
Saudi Market Overview
Next week, the Saudi earnings season hits its peak, with significant attention on companies including Saudi Aramco Base Oil Co. (2223.SA), Saudi Basic Industries Corp. ( Saudi Basic Industries Corp.(2010.SA) ), Saudi Aramco ( Saudi Arabian Oil Co.(2222.SA) ), Perfect Presentation for Commercial Services Co. ( Perfect Presentation for Commercial Services Co.(7204.SA) ), Kingdom Holding Co. ( Kingdom Holding Co.(4280.SA) ), Red Sea International Co. ( Red Sea International Co.(4230.SA) ), and Fawaz Abdulaziz Alhokair Co. ( Fawaz Abdulaziz Alhokair Co.(4240.SA) ).
Note: All dates provided are estimates or based on company announcements and are subject to change at any time, whether advanced or delayed.
In IPO news, UNITED INTERNATIONAL HOLDING closes its retail offering, while Tamkeen starts its offering. Below are the detailed schedules:
Sunday
Earnings:
- Saudi Aramco Base Oil Co. ( Saudi Aramco Base Oil Co.(2223.SA) )
Other Events:
- Amlak International Finance Co. ( Amlak International Finance Co.(1182.SA) ) holds an Extraordinary General Meeting
Monday
Earnings:
- Saudi Basic Industries Corp. ( Saudi Basic Industries Corp.(2010.SA) )
- Dar Alarkan Real Estate Development Co. ( Dar Alarkan Real Estate Development Co.(4300.SA) )
- Alkhorayef Water and Power Technologies Co. ( Alkhorayef Water and Power Technologies Co(2081.SA) )
- CHUBB Arabia Cooperative Insurance Co. ( CHUBB Arabia Cooperative Insurance Co.(8240.SA) )
Other Events:
- Jabal Omar Development Co. ( Jabal Omar Development Co.(4250.SA) ) holds an Extraordinary General Meeting (Capital Hike)
- Herfy Food Services Co. ( Herfy Food Services Co.(6002.SA) ) holds an Ordinary General Meeting
- The Saudi National Bank ( The Saudi National Bank(1180.SA) ) Conferences
- Riyadh Cables Group Co. ( Riyadh Cables Group Co.(4142.SA) ) holds a Conference Call with Analysts and Investors
- Elm Co. ( Elm Co(7203.SA) ) holds an Ordinary Assembly Meeting
- UNITED INTERNATIONAL HOLDING closes its Retail Offering
Tuesday
Earnings:
- Saudi Aramco ( Saudi Arabian Oil Co.(2222.SA) )
- SAL Saudi Logistics Services Co. ( SAL Saudi Logistics Services Co.(4263.SA) )
- Perfect Presentation for Commercial Services Co. ( Perfect Presentation for Commercial Services Co.(7204.SA) )
- Lumi Rental Co. ( Lumi Rental Co.(4262.SA) )
- Saudi Paper Manufacturing Co. ( Saudi Paper Manufacturing Co.(2300.SA) )
- Al Hassan Ghazi Ibrahim Shaker Co. ( Al Hassan Ghazi Ibrahim Shaker Co.(1214.SA) )
- Malath Cooperative Insurance Co. ( Malath Cooperative Insurance Co.(8020.SA) )
Other Events:
- Saudi Vitrified Clay Pipes Co. ( Saudi Vitrified Clay Pipes Co.(2360.SA) ) and ALHOKAIR GROUP ( Abdulmohsen Alhokair Group for Tourism and Development(1820.SA) ) hold an Extraordinary General Meeting
- Zahrat Al Waha for Trading Co. ( Zahrat Al Waha for Trading Co.(3007.SA) ) holds an Ordinary General Meeting
- Tamkeen starts its offering
- S&P Global releases Riyad Bank Saudi Arabia Composite PMI (Oct)
Wednesday
Earnings:
- Saudi Electricity Co. ( Saudi Electricity Co.(5110.SA) )
- Kingdom Holding Co. ( Kingdom Holding Co.(4280.SA) )
- Jabal Omar Development Co. ( Jabal Omar Development Co.(4250.SA) )
Other Events:
- Saudi Telecom Co. ( Saudi Telecom Co.(7010.SA) ) holds an Ordinary General Meeting
- Riyad Bank ( Riyad Bank(1010.SA) ) holds a Conference Call with Analysts and Investors
- Derayah REIT Fund ( Derayah REIT Fund(4339.SA) ) distributes cash dividends
- Tamkeen closes its offering
Thursday
Earnings:
- Arabian Centres Co. ( Arabian Centres Co.(4321.SA) )
- Maharah Human Resources Co. ( Maharah Human Resources Co.(1831.SA) )
- Red Sea International Co. ( Red Sea International Co.(4230.SA) )
- Fawaz Abdulaziz Alhokair Co. ( Fawaz Abdulaziz Alhokair Co.(4240.SA) )
Other Events:
- Anaam International Holding Group ( Anaam International Holding Group(4061.SA) ) holds an Ordinary Assembly Meeting
- Alinma Bank ( Alinma Bank(1150.SA) ), United Wire Factories Co. ( United Wire Factories Co.(1301.SA) ), Leejam Sports Co. ( Leejam Sports Co.(1830.SA) ), and Al Rajhi REIT Fund ( Al Rajhi REIT Fund(4340.SA) ) will have eligibility for cash dividends
