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*dates subject to change*
Earnings Reports (11/06/2023 – 11/10/2023)
To start off November, rallies helped push major indices to post the best week of 2023 alongside a major decision by the Federal Reserve and positive corporate earnings.
Some earnings highlights included Roku, which soared on Wall Street with its stock climbing nearly 50% throughout the week. The streaming device manufacturer was able to post third-quarter earnings that blew past estimates, marking $912 million in revenue compared to forecasts of only $855 million.
The biggest piece of weekly economic news came from the FOMC meeting after the Fed decided to hold interest rates steady before the final meeting in December. Although there was indication of the Fed’s next move, Fed Chair Jerome Powell reiterated in his post-decision conference that a moderated economy has been able to show signs of continued disinflation.
Overall, U.S. stocks have shown signs of a rebound spurred by the Fed’s decision to not raise rates by another quarter percentage point. Next week, investors should continue to monitor corporate earnings as well as weekly jobs claims to judge the current strength of the labor market.
Here are the companies from this week’s expected earnings:
- TripAdvisor – 11/06 (#trip)
- Bumble – 11/07 (#bmbl)
- eBay – 11/07 (#ebay)
- Arm Holdings – 11/08 (#arm)
- Walt Disney – 11/08 (#disney)
- News Corp – 11/09 (#newscorp)
- Li Auto – 11/09 (#li)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!