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With the U.S. government shutdown showing no signs of ending, thus delaying key economic data, and renewed trade war concerns, market participants will get a welcome new catalyst this week in the form of the kickoff of the third quarter earnings season.
Major U.S. banks will be in the spotlight, with the largest one, JPMorgan (JPM), set to announce its results on Tuesday. Joining it will be Goldman Sachs (GS), Wells Fargo (WFC), and Citi (C). On Wednesday, Bank of America (BAC) and Morgan Stanley (MS) will report. Investors will also get financial updates from Johnson & Johnson (JNJ) and American Express (AXP).
Traders will also be cautious after Wall Street experienced its worst selloff since the April tariff shock on Friday. Sentiment took a heavy beating after President Donald Trump accused China of “hostile” export controls on rare earths and said the U.S. would impose an additional 100% tariff on products from the Asian nation. Any further dialogue or back-and-forth between Trump and China will be closely watched.
Earnings
Earnings spotlight: Monday, October 13: Fastenal (FAST). See the full earnings calendar.
Earnings spotlight: Tuesday, October 14: JPMorgan (JPM), J&J (JNJ), Wells Fargo (WFC), Goldman Sachs (GS), BlackRock (BLK), Citigroup (C). See the full earnings calendar.
Earnings spotlight: Wednesday, October 15: Bank of America (BAC), Morgan Stanley (MS), Abbott Laboratories (ABT). See the full earnings calendar.
Earnings spotlight: Thursday, October 16: Charles Schwab (SCHW), Bank of NY Mellon (BK), U.S. Bancorp (USB). See the full earnings calendar.
Earnings spotlight: Friday, October 17: American Express (AXP), State Street (STT). See the full earnings calendar.
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Retiring Abroad? Here Are Some Key Considerations (Free write-up) – Retiring abroad is becoming increasingly popular among Americans, with over 760,000 now collecting Social Security benefits overseas. Many are drawn by lower living costs, better healthcare options, and the allure of new experiences. However, retirement abroad involves more than just finding a scenic destination – it requires careful consideration of healthcare access, visa and immigration rules, language and cultural barriers, tax implications, and financial management. Ensuring legal compliance, political stability, and secure housing arrangements is crucial. The article emphasizes that while retiring abroad can be rewarding, it demands thoughtful planning to ensure comfort, safety, and sustainability throughout one’s golden years.
My Top Pick For October Yields 14%: AGNC Investment (Free write up) – Following the Federal Reserve’s 25 bps rate cut, markets reacted with short-term selloffs despite expectations of a rally in rate-sensitive sectors. HDO highlights that this presents long-term opportunities, particularly for AGNC Investment Corp. (AGNC), a mortgage REIT benefiting from lower borrowing costs. While AGNC’s earnings may stay flat in 2025 due to maturing interest rate swaps, sustained rate cuts and improved financing conditions are expected to enhance profitability and potentially lead to dividend growth in 2026. Smith emphasizes patience – declining rates will gradually strengthen AGNC’s income potential, making it an appealing long-term pick for income-focused investors.
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