Here are the 3 big things we're watching in the stock market this week — SkimNews
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- Capital One reports Tuesday night following last quarter's net interest income miss, with analysts focused on sequential NII expansion, better net charge-offs, and tangible progress on Discover acquisition expense synergies; consensus sits at $5.50 EPS on $16.26B revenue.
- Meta Platforms reports Wednesday after the close, riding momentum from the viral launch of its agentic AI assistant Muse, though management will need to justify aggressive AI/compute spending against engagement and monetization data; consensus is $5.94 EPS on $63.32B revenue.
- Semiconductor names reporting this week — Lam Research and Texas Instruments on Wednesday, Western Digital on Thursday — provide a read on the AI infrastructure buildout and the broader storage/memory complex alongside Club holding Micron.
- Aerospace and defense earnings from RTX, GE Aerospace, and Northrop Grumman on Tuesday could surface commentary on Boeing's recent Navy fighter contract win, while United, Alaska, Southwest, and American Airlines offer consumer spending read-throughs amid rising gas prices.
- Last week's bank earnings — including beats from Goldman Sachs and sharper drops for State Street and Bank of America — were met with selling, underscoring what Cramer called "a much more difficult backdrop" for this earnings season.
- The macro climate has worsened since Cramer's early-October warning: bond yields have risen, two September inflation reports came in hotter than expected, Middle East tensions escalated, AI spending durability has been further questioned, and the midterms are roughly two weeks away.
Why it matters: Capital One trades at less than 9 times forward earnings, and the article frames the stock as "too cheap to give up on" contingent on improved charge-offs and net interest margin expansion. For Meta, the Muse launch gives Zuckerberg cover to keep spending on compute, but the piece flags that executives must pair that spending with a clear monetization story — since last week's bank beats were punished by sellers, simply clearing consensus won't satisfy a tape with little margin for error.
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