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Week Ahead: Will Facebook's Momentum Continue?

What to watch in Facebook and big media company earnings, the October jobs report, and more.

Week Ahead: Will Facebook's Momentum Continue?

For Morningstar, I'm Jeremy Glaser. Welcome to The Week Ahead: Our quick take on what investors should have on their radar screens for the week starting Nov. 2.

The flow of earnings is starting to slow down, but there will still be plenty for investors to consider this week.

Media firms have been under pressure as concerns over cable-cord cutters have risen. Updates this week from CBS, Discovery Communications, News Corp, and Disney should shed some light on what kind of pressures these businesses are feeling and how management teams plan to navigate the shifting landscape.

Facebook earnings are due on Wednesday. The wide-moat social networking firm has been on a roll recently as it takes advantage of its enviable position in mobile and also in the shift of advertising dollars online.  

There are a few energy firms reporting, including Chesapeake on Wednesday. The market was disappointed in the company's second-quarter results as production growth wasn't enough to overcome weak prices. These headwinds are unlikely to slow down in the near term.

On the data font, the marquee report will be Friday's October jobs numbers. After a disappointing September report, investors will be looking for signs that the employment market is still improving.

We will also get closely watched ISM data on the strength of the manufacturing and service sectors.

Stay tuned to Morningstar for our take on all of these stories throughout the week. 

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