Another deluge of economic data will be released today including the employment cost index, the PCE price index, the core PCE price index, real disposable income and real consumer spending data and the pending home sales index. The University of Michigan consumer sentiment index and 5-year inflation expectations are also due out today.
The following public companies are scheduled to release corporate earnings today, October 28:
AbbVie Inc. (NYSE:ABBV — $153.50) discovers, develops, manufactures and sells pharmaceutical products worldwide. AbbVie will report its third quarter 2022 earnings before the bell today.
AllianceBernstein Holding LP (NYSE:AB — $35.51) is a publicly owned investment manager. AllianceBernstein will report its third quarter 2022 earnings before the bell today.
Aon plc (NYSE:AON — $282.32) provides advice and solutions to clients focused on risk, retirement and health worldwide. Aon will report its third quarter 2022 earnings before the bell today.
Avantor Inc. (NYSE:AVTR — $20.54) provides products and services to customers in the biopharmaceutical, healthcare, education and government, advanced technology and applied materials industries in the Americas, Europe, Asia, the Middle East and Africa. Avantor will report its third quarter 2022 earnings before the bell today.
Bloomin’ Brands Inc. (NASDAQ:BLMN — $22.55) owns and operates casual, fine-casual and fine-dining restaurants in the United States and internationally. Bloomin’ Brands will report its third quarter 2022 earnings before the bell today.
Booz Allen Hamilton Holding Corp. (NYSE:BAH — $103.61) provides management and technology consulting, analytics, engineering, digital solutions, mission operations and cyber services to governments, corporations and non-profit organizations in the United States and internationally. Booz Allen Hamilton will report its third quarter 2022 earnings before the bell today.
Carter’s Inc. (NYSE:CRI — $73.56) designs, sources and markets branded children’s clothing under Carter’s, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter’s My First Love, little planet and other brands in the US and internationally. Carter’s will report its third quarter 2022 earnings before the bell today.
Chart Industries Inc. (NYSE:GTLS — $204.16) manufactures and sells equipment designed for the power and industrial gas industries worldwide. Chart Industries will report its third quarter 2022 earnings before the bell today.
Charter Communications Inc. (NASDAQ:CHTR — $355.26) operates as a broadband connectivity company and cable operator serving residential and commercial customers in the United States. Charter Communications will report its third quarter 2022 earnings before the bell today.
Chevron Corp. (NYSE:CVX — $177.90) engages in integrated energy and chemicals operations worldwide. Chevron will report its third quarter 2022 earnings before the bell today.
Church & Dwight Co. Inc. (NYSE:CHD — $76.51) develops, manufactures and markets household, personal care and specialty products. Church & Dwight will report its third quarter 2022 earnings before the bell today.
Colgate-Palmolive Co. (NYSE:CL — $73.23) manufactures and sells consumer products worldwide. Colgate-Palmolive will report its third quarter 2022 earnings before the bell today.
Criteo SA (NYSE:CRTO — $25.08) provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East and Africa, and Asia Pacific. Criteo will report its third quarter 2022 earnings before the bell today.
DaVita Inc. (NYSE:DVA — $96.75) offers kidney dialysis services for patients with chronic kidney failure. DaVita will report its third quarter 2022 earnings before the bell today.
DT Midstream Inc. (NYSE:DTM — $56.97) provides integrated natural gas services in the United States. DT Midstream will report its Q3 2022 earnings before the bell today.
Exxon Mobil Corp. (NYSE:XOM — $107.55) explores for and produces crude oil and natural gas in the United States and internationally. Exxon Mobil will report its third quarter 2022 earnings before the bell today.
First Hawaiian Inc. (NASDAQ:FHB — $25.80) operates as the bank holding company of First Hawaiian Bank which provides a range of banking services to consumer and business customers in the United States. First Hawaiian will report its third quarter 2022 earnings before the bell today.
Fortis Inc. (NYSE:FTS — $38.47) operates as an electricity and gas company in Canada, the United States and the Caribbean countries. Fortis will report its third quarter 2022 earnings before the bell today.
Gentex Corp. (NASDAQ:GNTX — $25.63) designs, develops, manufactures, markets and supplies digital vision, connected car, adjustable glass and fire protection products in the United States, Germany, Japan, Mexico and internationally. Gentex will report its third quarter 2022 earnings before the bell today.
WW Grainger Inc. (NYSE:GWW — $537.67) distributes maintenance, repair and operation (MRO) products and services in the United States, Japan, Canada, the United Kingdom and internationally. Grainger will report its third quarter 2022 earnings before the bell today.
Imperial Oil Ltd. (NYSE:IMO — $49.80) is engaged in the exploration, production and sale of crude oil and natural gas in Canada. Imperial Oil will report its third quarter 2022 earnings before the bell today.
JinkoSolar Holding Co. Ltd. (NYSE:JKS — $47.85) is dedicated to the design, development, production and marketing of photovoltaic products. JinkoSolar will report its third quarter 2022 earnings before the bell today.
LyondellBasell Industries NV (NYSE:LYB — $82.51) operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands and internationally. LyondellBasell will report its third quarter 2022 earnings before the bell today.
Newell Brands Inc. (NASDAQ:NWL — $15.67) designs, manufactures, supplies and distributes consumer and commercial products worldwide. Newell Brands will report its third quarter 2022 earnings before the bell today.
Newmark Group Inc. (NASDAQ:NMRK — $9.34) provides commercial real estate services in the United States and internationally. Newmark Group will report its third quarter 2022 earnings before the bell today.
NextEra Energy Inc. (NYSE:NEE — $75.47) generates, transmits, distributes and sells electric power to retail and wholesale customers in North America. NextEra Energy will report its third quarter 2022 earnings before the bell today.
NextEra Energy Partners LP (NYSE:NEP — $74.27) acquires, owns and manages contracted clean energy projects in the United States. NextEra Energy Partners will report its third quarter 2022 earnings before the bell today.
nVent Electric plc (NYSE:NVT — $34.25) designs, manufactures, markets, installs and services electrical connection and protection products worldwide. nVent Electric will report its third quarter 2022 earnings before the bell today.
Piper Sandler Co. (NYSE:PIPR — $122.44) operates as an investment bank and institutional securities firm serving corporations, private equity groups, public entities, not-for-profit entities and institutional investors in the United States and internationally. Piper Sandler will report its third quarter 2022 earnings before the bell today.
Provident Financial Services Inc. (NYSE:PFS — $20.95) operates as the bank holding company of Provident Bank that provides various banking products and services to individuals, families and businesses in the United States. Provident Financial will report its third quarter 2022 earnings before the bell today.
Sanofi (NASDAQ:SNY — $41.58) is engaged in the research, development, manufacture and commercialization of therapeutic solutions in the United States, Europe and internationally. Sanofi will announce its third quarter 2022 earnings before the bell today.
Standard Motor Products Inc. (NYSE:SMP — $37.02) manufactures and distributes replacement parts used in the maintenance, repair and service of vehicles in the automotive aftermarket industry with a complementary focus on specialty original equipment parts for manufacturers in the automotive industries agriculture, heavy services and construction equipment. Standard Motor will report its third quarter 2022 earnings before the bell today.
US Silica Holdings Inc. (NYSE:SLCA — $14.05) produces and sells commercial silica in the United States. US Silica will report its third quarter 2022 earnings before the bell today.
WisdomTree Investments Inc. (NASDAQ:WETF — $5.35) operates as a sponsor and asset manager of exchange-traded funds (ETFs). WisdomTree will report its third quarter 2022 earnings before the bell today.
Heading into next week, Wall Street will be in the thick of things, with names like Airbnb (ABNB), Barrick (GOLD), Clorox (CLX), Crocs (CROX), CVS Health (CVS), DoorDash (DASH) , Dropbox (DBX), eBay (EBAY), Etsy (ETSY), Eli Lilly (LLY), Hershey Foods (HSY), Hostess Brands (TWNK), Kellogg (K), PayPal (PYPL), Pfizer (PFE), Starbucks ( SBUX ), Sunrun ( RUN ), Wayfair ( W ), YUM! Brands (YUM) and Zillow (ZG) set to report.
The S&P US manufacturing purchasing managers’ index (PMI) and the ISM manufacturing index will be released earlier in the week, giving traders another look at the health of the US economy. A lot of employment data should also be released, including the ADP Employment Report, job openings, and non-farm payrolls. There will be a big update from the Fed on Wednesday, with the Federal Open Market Committee (FOMC) making its latest announcement.
The latest reading of the Consumer Price Index (CPI) indicates that inflation may reach its maximum. But if you go to the grocery store or pay the rent, you know that prices aren’t going down anytime soon. Indeed, there is a growing sense that inflation will be sticky.
What does this mean for interest rates? Part of the Federal Reserve’s dual mandate is to keep inflation at or near its 2% target level. This means that it is reasonable to suggest that the Fed is not done with rate hikes.
Rising interest rates generally spell trouble for equity investors. Businesses, like consumers, are affected by higher interest rates. Not to be overly simplistic, but incurring borrowing costs means lower income. And that means a lower share price.
However, some stocks handle rising interest rates better than others. In this special presentation, we look at seven stocks that are built to outperform when interest rates rise. And what’s even better, many of these stocks have business models that deliver growth when the economy is firing on all cylinders.
Check out the stock here .
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