21 November Watchlist ๐Ÿ‘€

Table of Contents

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Today we are watching…

1.ย Splunkย (#splk)

Knowledge is power, and thatโ€™s exactly what this big data platform sells. Turning a sea of numbers into actionable insights for 92 of the Fortune 100 companies, profits are a given. Itโ€™s up almost 40% this year, and today, will shoot for quarterly earnings of $0.54 on a cool $600 million in revenues. A beat could unlock further gains, so keep a close eye on business confidence. When the global economic outlook is bright, Splunk tends to outperform other stocks. Morgan Stanley even upgraded the company earlier this week on the back of its โ€œrobustโ€ profit-making potential, so Splunk may be a good anchor in a tech-heavy portfolio.

2. Macy’s (#macys)

Meet the S&P 500โ€™s worst-performing stock this year, department store Macy’s. Expect a massive market move today if the company can silence its critics with a strong earnings report before the bell. Retailers canโ€™t find the bottom of bad news, so expectations for Macyโ€™s third-quarter results couldnโ€™t be any lower at $0.01 of profit per share on $5.3 billion in revenues! Tariffs are haunting the company, fellow industry heavyweight Kohlโ€™s disappointed analysts on Tuesday, and even the weather has turned against it. But wait, Macyโ€™s do-or-die holiday season is only days away, and its famous Thanksgiving Parade will kick off almost a third of yearly sales! Black Friday beckons, too, so donโ€™t write this one off yet!

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Market Recap โ€“ September 28th ๐Ÿ’ฐ

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Fridayโ€™s PCE price index reading.

The Crude Oil Bust ๐Ÿ›ข

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

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