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Crib Sheet: What To Expect This Week From Apple, Goldman Sachs, And More

Farnoosh Torabi
Posted on October 18, 2010

Apple Will Kick Off The Week With An Earnings Report.

Here’s your crib sheet as you head off to happy hour this week. At the least it’ll give you some handy talking points when the conversation turns to Wall Street and the economy. Cheers!

The Apple Of Wall Street’s Eye

All eyes will be on Apple Monday afternoon as the tech giant kicks off the week with its latest earnings report. Just how many iPads did Apple sell in the last three months? Analysts are estimating roughly 5 million. Perhaps there’s a bigger question for Apple: How many iPhones did it sell? There’s some concern that Google’s Android is giving the iPhone a run for its money. Earlier this year, sales of the Android phone eclipsed the iPhone. Gulp.

Big, Sweaty Week For Banks

Financial behemoths including Goldman Sachs, Citigroup, Bank of America, and Morgan Stanley take the hot seat, reporting earnings for the previous quarter. Many analysts are betting on a slowdown in their investment banking divisions. And going forward, how do they see the current foreclosure freeze impacting their bottom line? This should be interesting.

A Glimpse Of Housing

Housing is a hot-button issue for the economy, so many will be tuning into Tuesday’s report on housing starts from the Commerce Department. We’ll find out just how many new building permits got signed in September. The stocks that might move on the news include top homebuilders like Toll Brothers, Lennar, Hovanian and DR Horton.

Whether you’re chatting over cocktails or monitoring your investments, buckle in for a big week in banking.

Tell us in the comments: Do you take an interest in earnings reports? Why?

Follow Farnoosh On Twitter! @FARNOOSH

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  • Anonymous

    Thanks, Farnoosh! Anyone notices any other key dates happening this week? Any key financial dates for you personally?Cheers, CarolinenLearnVest’s Chief Content and Community Officer

  • Anonymous

    I don’t care about earnings reports. It’s all noise to me. I just have stocks in my retirement accounts and am in it for the long haul. These quarterly updates are really meaningless. They just create a lot of activity on Wall Street. Giving more rich people a chance to make themselves richer. Meh.

  • Anonymous

    You guys forgot that Halloween coming up is an important financial event. Sales from this holiday always help the economy. THAT to me is important.

    • Anonymous

      True! We’ll save that for next week’s market outlook. What’s your costume this year?

  • Mollykjohnson

    Hey Farnoosh, can you possibly recommend a great etiquette book for someone who considers herself to be etiquette savvy, but by no means an expert? If anything I consider myself to be a bit too much of an open book. My generation doesn’t have a mute button or an overshare silencer and I’m learning that in the business world, sometimes it’s important to keep a lid on it. Your thoughts are greatly appreciated.

    • Anonymous

      Hi Molly,nnI wish there was some all-inclusive money etiquette book…(hmm, maybe something I should add to my to-do list?) But I do recommend checking out the Emily Post Institute web site http://www.emilypost.com/ She is the founder of modern day etiquette and her site has a great deal of insight into all-things etiquette, including business and money etiquette.nnThanks for your feedback!nnFarnoosh