Investorsยท2025-09-26 21:28Market Overview - The stock market experienced a bullish rebound on Friday, reducing the weekly losses for the Nasdaq and S&P 500, with both indices showing technical support at their 21-day exponential moving averages [1] - The Nasdaq is up 4.8% for September, aiming for its sixth consecutive monthly gain, while the S&P 500 has climbed 2.8%, targeting its fifth straight up month [1] Earnings Reports - A modest week of earnings reports includes Nike (NKE) and stocks like Carnival (CCL) and Levi Strauss (LEVI) showing strong charts [2] - Nike is set to report its fiscal first quarter, marking the end of the quarterly earnings season [7] - Carnival is testing support at its 10-week line, with shares up nearly 22% year-to-date [7] Tesla Deliveries - Tesla is expected to report global third-quarter vehicle deliveries on Thursday, with analyst consensus around 448,000, which is approximately 17% above the second-quarter total but down 3% compared to Q3 2024 [6] - Projections for Tesla's Q3 deliveries vary, with Piper Sandler estimating 495,000 and UBS predicting 475,000, while Kalshi prediction market suggests 505,000 units, which would be a record [6] Job Market Insights - The September jobs report is crucial for the Federal Reserve's outlook, with economists expecting a 50,000-job overall payroll gain, private payrolls up 75,000, and government jobs down by 25,000 [5] - The jobless rate is expected to hold at 4.3%, with average hourly wage growth at 3.7% [5] Earnings Revisions - The Net Earnings Revisions Index (NERI) showed a significant rebound, turning positive in August for the first time in 11 months, reaching a 45-month high by late September [8] - Health care and financials exhibited the strongest revision activity, both up more than 11%, while energy and consumer staples were the weakest, each down more than 3% [8]