{"id":71898,"date":"2023-10-30T08:52:18","date_gmt":"2023-10-30T12:52:18","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=71898"},"modified":"2023-10-30T08:53:22","modified_gmt":"2023-10-30T12:53:22","slug":"coffee-with-greta-big-week-kicks-off","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/10\/30\/coffee-with-greta-big-week-kicks-off\/","title":{"rendered":"Coffee With Greta: Big Week Kicks Off"},"content":{"rendered":"

Register now<\/strong><\/a> for this week's free pro trader Q&A on LinkedIn with Scott Redler on Fed Day!<\/p>\n

DJIA Futures: <\/b>+171 (+0.5%)<\/span><\/p>\n

SPX Futures: <\/b>+22 (+0.5%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+92 (+0.6%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are rising as traders kick off a big week.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Important Week<\/span><\/h2>\n

This will be a big week of data for the market, focused on the Fed and the labor market.\u00a0<\/span><\/p>\n

Wednesday morning traders will get ADP\u2019s private employment report for October at 8:15 a.m. ET and then the Labor Department\u2019s JOLTS at 10:00 a.m.\u00a0<\/span><\/p>\n

The Fed decision will then be released at 2:00 p.m. ET, followed by the Fed Chair\u2019s press conference at 2:30.\u00a0<\/span><\/p>\n

Friday is the official October jobs report from the Labor Department.\u00a0<\/span><\/p>\n

There\u2019s been increased focus on the labor market as inflation slowly comes down amid the Fed\u2019s rate hikes.\u00a0<\/span><\/p>\n

The Central Bank has said it needs to see weakening in the jobs market that it has not yet seen.\u00a0<\/span><\/p>\n

Earnings Look Ahead<\/span><\/h2>\n

On top of the important data this week, traders are still set to get some key earnings reports.\u00a0<\/span><\/p>\n

Here\u2019s the highlights:\u00a0<\/span><\/p>\n

    \n
  • Tuesday AM: <\/span>Pfizer<\/b> (PFE), <\/span>Caterpillar<\/b> (CAT)<\/span><\/li>\n
  • Tuesday PM: <\/span>Advanced Micro Devices <\/b>(AMD)<\/span><\/li>\n
  • Wednesday AM: <\/span>CVS Health<\/b> (CVS)<\/span><\/li>\n
  • Wednesday PM: <\/span>Qualcomm<\/b> (QCOM), <\/span>Airbnb<\/b> (ABNB), <\/span>PayPal<\/b> (PYPL), <\/span>DoorDash<\/b> (DASH), <\/span>Roku<\/b> (ROKU)<\/span><\/li>\n
  • Thursday AM: <\/span>Starbucks<\/b> (SBUX), <\/span>Shopify<\/b> (SHOP), <\/span>Moderna<\/b> (MRNA)<\/span><\/li>\n
  • Thursday PM: <\/span>Apple<\/b> (AAPL), <\/span>Block<\/b> (SQ), <\/span>Coinbase<\/b> (COIN)<\/span><\/li>\n<\/ul>\n

    McDonald\u2019s Jumps On Earnings Beat<\/span><\/h2>\n

    McDonald\u2019s <\/b>(MCD) shares are up 2.6% ahead of the open after beating Q3 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

    Here\u2019s how the fast food giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $3.19 vs $3 expected<\/span><\/li>\n
    • Revenue: $6.69 billion vs $6.58 billion expected<\/span><\/li>\n<\/ul>\n

      Revenue jumped 14% year over year.<\/span><\/p>\n

      Global same-store sales rose 8.8% vs 7.8% expected.\u00a0<\/span><\/p>\n

      Same-store sales in the U.S. jumped 8.1%, fueled by price hikes.\u00a0<\/span><\/p>\n

      SoFi Rallies On Huge Revenue Beat<\/span><\/h2>\n

      SoFi Technologies <\/b>(SOFI) shares are soaring 10.6% in premarket trade after sharply beating Q3 expectations.\u00a0<\/span><\/p>\n

      Here\u2019s how the personal finance company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted loss per share: $0.03 vs $0.08 expected<\/span><\/li>\n
      • Revenue: $530.72 million vs $511 million expected<\/span><\/li>\n<\/ul>\n

        The beat was largely due to a rush of student loan originations as borrowers prepared for payments to resume.\u00a0<\/span><\/p>\n

        SoFi originated $919.3 million worth of student loans in Q3, soaring past expectations for $651.5 million.\u00a0<\/span><\/p>\n

        Personal and home loan originations also beat at $3.89 billion vs $355.7 million expected.<\/span><\/p>\n

        The company also lifted its full-year guidance.<\/span><\/p>\n

        SoFi now expected adjusted net revenue of $2.045 billion to $2.065 billion this year vs $1.974 billion to $2.034 billion previously.\u00a0<\/span><\/p>\n

        The company forecast full-year adjusted Ebitda of $386 million to $396 million vs $333 million to $343 million previously.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        Register now for this week’s free pro trader Q&A on LinkedIn with Scott Redler on Fed Day! DJIA Futures: +171 (+0.5%) SPX Futures: +22 (+0.5%) NASDAQ Futures: +92 (+0.6%) Good morning friends! Futures are rising as traders kick off a big week. Let\u2019s get right to it! Important Week This will be a big week of data for the market, focused on the Fed and the labor market.\u00a0 Wednesday morning traders will get ADP\u2019s private employment report for October at 8:15 a.m. ET and then the Labor Department\u2019s JOLTS at 10:00 a.m.\u00a0 The Fed decision will then be released at 2:00 p.m. ET, followed by the Fed Chair\u2019s press conference at 2:30.\u00a0 Friday is the official October jobs report from the Labor Department.\u00a0 There\u2019s been increased focus on the labor market as inflation slowly comes down amid the Fed\u2019s rate hikes.\u00a0 The Central Bank has said it needs to see weakening in the jobs market that it has not yet seen.\u00a0 Earnings Look Ahead On top of the important data this week, traders are still set to get some key earnings reports.\u00a0 Here\u2019s the highlights:\u00a0 Tuesday AM: Pfizer (PFE), Caterpillar (CAT) Tuesday PM: Advanced Micro Devices (AMD) Wednesday AM: CVS Health (CVS) Wednesday PM: Qualcomm (QCOM), Airbnb (ABNB), PayPal (PYPL), DoorDash (DASH), Roku (ROKU) Thursday AM: Starbucks (SBUX), Shopify (SHOP), Moderna (MRNA) Thursday PM: Apple (AAPL), Block (SQ), Coinbase (COIN) McDonald\u2019s Jumps On Earnings Beat McDonald\u2019s (MCD) shares are up 2.6% ahead of the open after beating Q3 expectations on the top and bottom line.\u00a0 Here\u2019s how the fast food giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $3.19 vs $3 expected Revenue: $6.69 billion vs $6.58 billion expected Revenue jumped 14% year over year. Global same-store sales rose 8.8% vs 7.8% expected.\u00a0 Same-store sales in the U.S. jumped 8.1%, fueled by price hikes.\u00a0 SoFi Rallies On Huge Revenue Beat SoFi Technologies (SOFI) shares are soaring 10.6% in premarket trade after sharply beating Q3 expectations.\u00a0 Here\u2019s how the personal finance company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted loss per share: $0.03 vs $0.08 expected Revenue: $530.72 million vs $511 million expected The beat was largely due to a rush of student loan originations as borrowers prepared for payments to resume.\u00a0 SoFi originated $919.3 million worth of student loans in Q3, soaring past expectations for $651.5 million.\u00a0 Personal and home loan originations also beat at $3.89 billion vs $355.7 million expected. The company also lifted its full-year guidance. SoFi now expected adjusted net revenue of $2.045 billion to $2.065 billion this year vs $1.974 billion to $2.034 billion previously.\u00a0 The company forecast full-year adjusted Ebitda of $386 million to $396 million vs $333 million to $343 million previously.<\/p>\n","protected":false},"author":41,"featured_media":71899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-71898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=71898"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71898\/revisions"}],"predecessor-version":[{"id":71905,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71898\/revisions\/71905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/71899"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=71898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=71898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=71898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}