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