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- Big earnings reports , homebuilding and the mood of consumers up front next week
- Australian consumer confidence falls as inflation concerns rise
Australians recorded one of the steepest falls in consumer confidence among developed countries over the past year, as stubborn inflation and rising interest rates squeezed household budgets. According to OECD figures, Australian consumer confidence fell 1.1 index points in the 12 months to September, with only Chile and Belgium recording sharper declines. The article says the drop highlights the Albanese government's struggle to convince voters it is doing enough to address cost-of-living pressures.
- Meta and Musk earnings and September pending home sales: What to Watch
This week brings Q3 earnings from Netflix (NFLX), SpaceX (SPCX), Meta (META) and Tesla (TSLA), along with September pending home sales data. Netflix and SpaceX report on Tuesday, with analysts forecasting Netflix third-quarter revenue of $12.9 billion and watching subscriber growth, while SpaceX investors will track launch cadence and Starlink subscriber count. Meta and Tesla report on Wednesday: Meta is expected to show higher revenue amid its AI investments, while Tesla is expected to post year-over-year earnings declines, with attention on the new Roadster. Economists expect September pending home sales to be flat month over month.
- UK company profit warnings surge as Iran war drives up costs
Profit warnings from London-listed companies rose to 65 over the summer, up from 59 in the second quarter and the most since the fourth quarter of 2024, when 71 were issued, according to EY. Over half of firms blamed geopolitical uncertainty, with 38% citing the Middle East conflict, while others pointed to cancelled or delayed contracts and weaker consumer confidence. Construction and household goods had the most warnings at 8, including 6 from housebuilders, taking the housebuilders' year-to-date total to 14, above the 10 issued at the peak of the 2008 financial crisis. EY said this is not a conventional economic cycle, and housebuilders face cost and interest rate pressure while details of the government's first-time buyer support remain unconfirmed.
- Big earnings reports , homebuilding and the mood of consumers up front next week
Quarterly results from major U.S. companies, including GM, Netflix, United Airlines, Tesla, Meta and IBM, dominate the coming week, with analysts polled by FactSet expecting S&P 500 profit growth of just under 30%, led by energy and then tech. Profits are expected to be slimmer for United Airlines and Tesla, while Meta and IBM are expected to report growth. The September housing starts report is expected to show a modest rise after two months of declines, as high mortgage rates and rising construction and labor costs keep homebuilders under pressure; KB Home and Lennar are down more than 20% in 2026, versus a 14% gain for the S&P 500. On the consumer side, the University of Michigan's final October sentiment reading is due amid worsening confidence, even as retail sales rose 0.8% in September (0.2% excluding gas stations) and wholesale food prices jumped 1.2% from August, partly due to higher diesel costs.
- Big earnings reports , homebuilding and the mood of consumers up front next week
Next week brings quarterly earnings from major U.S. companies including General Motors, Netflix, United Airlines, Tesla and Meta, along with new jobs data and consumer sentiment readings. Analysts polled by FactSet expect S&P 500 profit growth of just under 30%, led by the energy sector. Investors want to know whether big AI spending is translating into future growth. Homebuilding may edge higher after two months of declines, but high mortgage rates and rising construction costs remain hurdles; KB Home and Lennar are down more than 20% in 2026, versus a 14% rise for the S&P 500. Consumers remain anxious about rising prices, even as September retail sales rose 0.8% (only 0.2% excluding gas stations), and wholesale food prices jumped 1.2% as fuel costs push up shipping and warehousing.
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- Iran warns US and Israel
Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.
- Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?
TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.
- Should You Buy This Trump AI Stock Ahead of Earnings?
Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.
- What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.
- Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%
Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.
- Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?
ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.
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