The week ahead brings the first trading day of November on Monday, after the S & P 500 and Nasdaq ripped higher all throughout October. Jobs data and earnings will dominate our coverage this week. 1. Jobs : The ongoing federal government shutdown, which began on Oct. 1, means Wall Street will not get the Labor Department’s monthly employment report. That print is typically released on the first Friday of the month. Instead, investors must rely on economic numbers from private organizations such as ADP, which will release its monthly look on hiring trends at U.S. companies on Wednesday at 8:15 a.m. ET. ADP last week started to release preliminary data every Tuesday to fill that void, offering a four-week moving average of weekly job growth. Last week, ADP said private employers added an average of 14,250 jobs per week over the past four weeks ending on Oct. 11. The next set of preliminary data comes out Tuesday at 8:15 a.m. ET, one session ahead of the ADP’s widely-followed national employment report. Economists expect private-sector jobs gains of 35,000 in October compared to 32,000 job losses in the month prior. The preliminary data will be revised monthly after the national report is published. 2. Earnings : Looking at the economy through the prism of corporate financials is our preference anyway, and we remain in the thick of earnings season. After last week’s crazy flood of 10 portfolio earnings releases – which included four of our megacap tech stocks: Meta Platforms , Microsoft , Amazon , and Apple – we get four more reports this week, too. DD YTD mountain DuPont YTD DuPont reports third-quarter earnings Thursday morning, a few days after it completes its spinoff of Qnity Electronics. On Monday, Qnity, under the ticker symbol “Q,” will start trading as a separate stock from the remaining DuPont, which will keep the ticker “DD.” DuPont shareholders of record as of Oct. 22 will get one Qnity share for every two DuPont shares they own. For the Club, that means about 812 shares of Qnity in addition to our 1,625 shares of DuPont. The plan is to hold both, but we like Qnity more. Qnity will offer up a business update after Thursday’s close. Most of the Qnity’s business comes from providing technology solutions for the semiconductor ecosystem, which has been riding the wave of the artificial intelligence boom. The remaining DuPont will focus on end-markets like health care, water, and diversified industrials. We bought more DuPont shares on Aug. 5, the same day the company reported a strong quarter. ETN YTD mountain Eaton YTD Eaton reports its third-quarter results before Tuesday’s opening bell. This maker of power management systems and components does a lot of business with data centers, which are popping up all over the place to support AI applications. In our most recent Eaton trade on Oct. 24, we booked some profits. It was a portfolio management move, rather than a change in thesis. Eaton will keep benefiting from the AI infrastructure trade. We just didn’t want to leave money on the table after shares recovered from their post-earnings slump in early August. A below-consensus Q3 guide was what really dinged the stock. On Tuesday, we’ll see if that was an under-promise, over-deliver situation. SOLS ALL mountain Solstice Advanced Materials was spun off from Honeywell on Oct. 30 and began trading as a separate stock that day. Solstice Advanced Materials reports earnings Thursday morning. Honeywell’s third-quarter earnings report last week contained results from this newly independent specialty chemicals business. Sales increased 7% on a reported basis and 5% organically. The company’s update on Thursday will give us a read on what management expects in the fourth quarter of 2025. Hopefully, we’ll get some preliminary thoughts on 2026, too. The stock has been volatile since regular trading began last Thursday. Shares briefly traded above $53 mid-day Thursday, but pulled back to $45 apiece on Friday. A lot of this is due to the natural volatility that comes with spinoffs. The company’s shareholder base is turning over as investors decide if they want parent Honeywell for its aerospace exposure or a more chemical-focused business. We called out this dynamic in our initial write up of Solstice. As shares settle down, the Club may look for opportunities to add to this tiny position, as well. After all, we like that Solstice has exposure to HVAC, data center cooling, electronics, and nuclear markets. TXRH YTD mountain Texas Roadhouse YTD Texas Roadhouse reports third-quarter earnings after Thursday’s close. The restaurant business has been struggling, evidenced by how badly Chipotle stock was crushed on its recent earnings release. The rough sledding in shares of Chili’s owner Brinker and Olive Garden parent Darden hasn’t help sentiment either. Meanwhile, Bloomin’ Brands , the owner of Outback Steakhouse and other casual chains, will report this Thursday. All of these companies are battling food inflation. Beef prices soared to all-time highs two weeks ago. Texas Roadhouse shares went south for most of the recent spike. But the stock did catch a bid when the beef rally paused last month. Curiously, though, Texas Roadhouse shares were able to rise as beef prices hit their mid-October highs. As beef turned lower, however, Texas Roadhouse stock did, too. Texas Roadhouse has been a tricky one. Our latest trade was a buy on Sept. 9, with the stock at the time down since Q2 earnings in early August. But last week, we downgraded shares to a 2 rating . How the steakhouse chain, known for great value at great prices, is handling food inflation and keeping customers happy will be what we care about the most when management shares quarterly results. Week Ahead Monday, Nov. 3 DuPont electronics spinoff Qnity starts trading 10 a.m. ET: ISM manufacturing report for October After the bell earnings: Palantir, Hims & Hers Health, Goodyear, Clorox, Diamondback Energy, Vertex Pharmaceuticals Tuesday, Nov. 4 Auto sales for October 8:15 a.m. ET: ADP private sector weekly preliminary jobs data Before the bell: Eaton, Pfizer, Shopify, Uber, Spotify, BP, Norwegian Cruise Line, Stanley Black & Decker, Hertz After the bell: Advanced Micro Devices, Super Micro Computer, Arista Networks, Cava, Pinterest, Rivian Automotive Wednesday, Nov. 5 8:15 a.m. ET: ADP private sector National Employment Report for October 10 a.m. ET : ISM Services PMI for October Before the bell: Novo Nordisk, McDonald’s, Humana, Johnson Controls After the bell: Robinhood Markets, IonQ, AppLovin, AMC Entertainment, Arm Holdings, Qualcomm, Figma, Snap, e.l.f. Beauty, Joby Aviation, DoorDash, Lyft Thursday, Nov. 6 Before the bell: DuPont, ConocoPhillips, D-Wave Quantum, Vistra Energy, AstraZeneca, Warner Bros. Discovery, Bloomin’ Brands, Datadog, Kenvue, Moderna, Canada Goose, NRG Energy, EchoStar After the bell: Texas Roadhouse, Trade Desk, MP Materials, DraftKings, NuScale Power, Archer Aviation, Affirm, SanDisk, Airbnb, Block Friday, Nov. 7 10 a.m. ET: University of Michigan consumer sentiment for November Before the bell: Constellation Energy, Canopy Growth, Wendy’s, Fluor, Duke Energy, Six Flags, KKR & Co. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. 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2 big things we’re watching in the stock market in the week ahead
