Weekly Watch | Saudi Aramco Expected to Release Earnings Report Next Tuesday; Critical Alert! U.S. Presidential Election and Federal Reserve Meeting Looming

Palantir +0.64%
Super Micro Computer, Inc. +2.27%
QUALCOMM Incorporated -0.86%
ARM Holdings PLC Sponsored ADR -4.88%
BioNTech +0.31%

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:

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:

Wednesday

Economic Data:

  • Crude Oil Inventories
  • 30-Year Bond Auction

Earnings:

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:

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:

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:

Other Events:

Monday

Earnings:

Other Events:

Tuesday

Earnings:

Other Events:

Wednesday

Earnings:

Other Events:

Thursday

Earnings:

Other Events: