The Week Ahead (6th - 10th October): The calm after the storm
Hello and welcome to this week’s edition of the Week Ahead! This is going to be a short edition - apologies for that! But thankfully there isn’t too much to cover.
Brief overview
Next week should be quiet in terms of economic announcements, with perhaps the main possible sources of drama being the records from the FOMC and ECB meetings.
In terms of company news, we will have results from some well-followed shares including Beeks Financial Cloud (LON:BKS) , AJ Bell (LON:AJB) and S&U (LON:SUS). However, it should be much calmer in comparison to the deluge that we saw at the end of Q3.
On Thursday, watch out for many UK stocks going ex-dividend, for example: Tesco (LON:TSCO), Judges Scientific (LON:JDG), WPP (LON:WPP), Taylor Wimpey (LON:TW.) and A G Barr (LON:BAG).
Internationally, we’ll have Q3 results from the world’s largest luxury house, LVMH Moet Hennessy Louis Vuitton SE (EPA:MC) , on Thursday. We’ll also get results that day from PepsiCo (NSQ:PEP).
A quick run of Stockopedia’s comparison tool suggests that Coca-Cola is currently winning in a ranking match against PepsiCo, but it’s very close:
It's a classic comparison, but not entirely appropriate, as the majority of PepsiCo's revenues these days are from food and snacks, rather than beverages!
But given its inherent quality, this valuation is low enough to make me think that PepsiCo shares could offer value here, for investors who are satisfied owning blue-chips:
I don't own PepsiCo but I do own Coca-Cola through Berkshire Hathaway (NYQ:BRK.B). For what it's worth, Coke is currently trading at a higher multiple than PepsiCo, but it also offers faster EPS growth:
Both are classic blue-chips and dividend aristocrats - the types of stocks on which many retirements have been built. Hopefully that reputation will stay intact for PepsiCo after Thursday's release!
Economic Calendar
| Date | Time (BST) | Country | Event |
|---|---|---|---|
6 October | 10:00 | EU | Retail Sales |
7 October | 00:01 | UK | Retail Sales |
7 October | 07:00 | UK | Halifax House Price Index |
7 October | 13:30 | US | Balance of Trade |
8 October | 12:00 | US | MBA Mortgage Applications |
8 October | 20:00 | US | FOMC Minutes |
9 October | 12:30 | EU | ECB Monetary Policy Meeting Accounts |
9 October | 13:30 | US | Initial Jobless Claims |
10 October | 15:00 | US | Michigan Consumer Sentiment |
Companies Reporting
| Date | UK Trading Updates and AGMS | UK Financial Results | International Financial Results |
|---|---|---|---|
Monday 6 October | Hays (LON:HAS) | Beeks Financial Cloud (LON:BKS) | Constellation Brands (NYQ:STZ) |
Tuesday 7 October | Ironveld (LON:IRON) | Inspiration Healthcare (LON:IHC) | |
Wednesday 8 October | ITM Power (LON:ITM) | Netcall (LON:NET) Vertu Motors (LON:VTU) | |
Thursday 9 October | AJ Bell (LON:AJB) S&U (LON:SUS) | LVMH Moet Hennessy Louis Vuitton SE (EPA:MC PepsiCo (NSQ:PEP) Progressive (NYQ:PGR) | |
Friday 10 October |
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6 comments
I think LVMH Moet Hennessy Louis Vuitton SE (EPA:MC) is reporting next Tuesday (14th), not this week?
Graham, I hold Volution Group (LON - FAN) and it will announce its final figures on Thursday 9th October. Would it be possible to comment on the company please?
Kind regards
Phillip
Given previous announcements there should be a trading update from Ramsdens Holdings (LON:RFX) sometime this week. Looking previous RNS the 10th appears the likely date.
Hays (LON:HAS) is on Friday not today.
If you have a chance Graham do a bit on Ironveld (LON:IRON) I used to hold this back in my stupid days many years ago a classic example of what not to get involved in just look at the increase in the share count over the last five years anyone holding diluted to oblivian.
Plus Q3 Trading Update from Unite (LON:UTG) on Weds 8th according to Stocko