Top stocks, quarterly earnings to watch this week

Highlights

  • JP Morgan Chase & Co. (NYSE: JPM) is expected to report its quarterly earnings on Oct 13.

  • Goldman Sachs (NYSE: GS) is likely to report its quarterly earnings on Oct 15.

  • Delta Air Lines, Inc. (NYSE: DAL) to release its quarterly earnings report on Oct 13.

US stock markets have been volatile in recent weeks amid a host of domestic and global developments. The Fed's sooner-than-expected stimulus tapering plans and mixed jobs data weighed on investors' minds. In addition, developments in international markets and recent US-China high-level bilateral talks kept the investors on their toes.

Here are some top stocks to watch out for this week.

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JP Morgan Chase & Co. (NYSE: JPM)


The New York-based investment bank is expected to release its third-quarter results on Wednesday, Oct 13, 2021, before the opening bell. The stock was down 0.08% to US$170.08 from its previous close at 10:41 am ET. The JPM stock rose 35.23% YTD. The bank's net income was US$5.63 billion on revenue of US$12.76 billion in Q2, FY21.

Goldman Sachs (NYSE: GS)


The New York-based financial services company will release its third-quarter results on Oct 15 before the markets open. Its net earnings were US$5.48 billion on revenue of US$15.38 billion in the second quarter of fiscal 2021. The stock traded at US$395.77, up 0.75% from its previous close at 10:48 am ET. The rose 48.23% YTD.

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Stocks to watch this week.

Source: Pixabay

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BlackRock, Inc. (NYSE: BLK)


The New York-based investment management firm is expected to report its third-quarter results on Oct 13 before the opening bell. In the second quarter of fiscal 2021, its revenue rose by 32% YoY to US$4.82 billion, while its net income surged 14% YoY to US$1.37 billion. Its stock traded at US$858.52, up 1.67% from its previous close at 11:09 am ET. It surged 18.79% YTD.

Delta Air Lines, Inc. (NYSE: DAL)

The Atlanta, Georgia-based airlines company is expected to release its September quarter results at 10 am ET on Oct 13. The company's net income was US$652 million on operating revenue of US$7.12 billion in the June quarter of fiscal 2021. The stock was priced at US$43.64, up 0.60% from its previous close at 11:16 am ET. The stock ticked up 12.01% YTD.

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Wells Fargo & Company (NYSE: WFC)


The San Francisco, California-based financial services firm is expected to report its third-quarter results on Thursday, Oct 14, before the markets open. The company's net income was US$6.04 billion on revenue of US$20.27 billion in the second quarter of fiscal 2021. The stock traded at US$48.15, up 0.31%, at 11:22 am ET from its previous close. The stock rose 61.62% YTD.

Bank of America Corporation (NYSE: BAC)


The Charlotte, North Carolina-based investment banking and financial service provider, will release its third-quarter results on Oct 14 before the opening bell. Its net income was US$9.2 billion on revenue of US$21.5 billion in Q2, FY21. The stock was priced at US$44.69, up 0.79%, at 11:29 am ET from its previous close. The stock jumped 47.65% YTD.

On Sep 30, BAC announced that it surpassed its five-year hiring target of 10,000 teammates two years before schedule. It also plans to hire another 10,000 employees by 2025.

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Occidental Petroleum Corporation (NYSE: OXY)

The Houston, Texas-based hydrocarbon exploration firm is expected to release its Q3 results on Nov 4 after the markets close. The stock was up 2.05% to US$34.32 at 11:38 am ET on Oct 11. The stock increased by 92.72% YTD. The recent rally in crude and natural gas prices has boosted gains in the energy sector. Hence, the company plans to expand production to meet the growing energy demand. It also aims to cut emissions in the production process.

Baidu, Inc. (NASDAQ: BIDU)


Baidu is a Beijing-based internet and AI company. The US-listed Chinese companies were gaining some traction after last week's news that the US and Chinese presidents might hold a virtual meeting by the end of 2021. Investors welcomed the news as it may lead to normalcy in their trade relations. The stock traded at US$164.07, up 1.22%, at 11:44 am ET on Oct 11 from its previous close. The BIDU’s stock value plunged 25.24% YTD.

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Southwest Airlines (NYSE: LUV)


It is a Dallas, Texas-based low-cost airline company. The stock was priced at US$53.26, down 1.22%, at 11:55 am ET from its previous close. The stock rose 19.72% YTD. The stock has been declining since it announced the cancelation of some 2,000 flights over the weekend and around 347 flights on Monday. The company said that the cancellation is due to bad weather, air traffic control issues, and staff shortages. On Sunday, Southwest president Mike Van De Ven said that the company reduced the number of flights for November and December.

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10 stocks to watch this week: JPM, GS, BLK, DAL, WFC, BAC, BIDU, OXY, LUV, AAPL

Source: Pixabay

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Apple Inc. (NASDAQ: AAPL)

Apple is based in Cupertino, California. It specializes in consumer electronics products. Last Friday, the company said that it would challenge a court verdict, directing Apple to allow other companies' apps to direct customers to third-party or external websites. The stock traded at US$144.31, up 0.99% at 12:03 pm ET from its previous close. The stock rose 10.42% YTD.

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Bottomline

The current market volatility has kept many investors away from risky bets. The S&P 500 index rose 2.11% last week. Analysts expect the volatility in the market may remain in the fourth quarter.

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