The Week Ahead
On a roll
Strong demand for high-profit pickup trucks and SUVs has helped lift earnings for General Motors so far this year.
The automaker, due to report third-quarter results Tuesday, has also benefited from the popularity of redesigned vehicles such as the Chevrolet Malibu, Cruze sedans and the Cadillac XT5 SUV. Wall Street will be listening for any new details on GM’s plans to roll out autonomous vehicles since acquiring software company Cruise Automation.
Housing bellwether
The Commerce Department’s latest housing data should provide insight into the state of the U.S. new-home market.
Sales slowed in August to a seasonally adjusted annual rate of 609,000 units after surging a month earlier to the fastest pace since October 2007. Despite the August pullback, new home sales were running 20.1 percent higher through the first eight months of this year. September’s new home sales figures are due out Wednesday.
Amazon update
Amazon.com delivers its latest quarterly financial results Thursday.
Wall Street anticipates that the e-commerce giant will report that its third-quarter earnings and revenue increased from a year earlier. Beyond earnings, investors will be listening for an update on the company’s video streaming, grocery delivery and other business segments.