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*dates subject to change*
Earnings Reports (11/13/2023 – 11/17/2023)
As the month of November continued, markets continued to rally as investors pushed both the S&P 500 and Nasdaq Composite to reach a consecutive positive streak not seen in over two years.
Some earnings highlights included Walt Disney, which despite its counterpart WBD reporting weakened earnings, Disney reported figures that fell well in line with analysts’ estimates. Great efforts in cost-cutting brought shareholders relief, sending the stock to gain around 5% after its report.
After the Federal Reserve decided to hold interest rates steady, Fed Chair Jerome Powell delivered a new address that signaled the lingering possibility of another rate hike soon. For the week, jobless claims came in just higher than expected, but still trending lower when compared to the previous week.
Overall, U.S. stocks have continued to rally as falling bond yields and strong corporate earnings have fueled markets ahead of the holiday season. Coming soon, investors should monitor October’s inflation data in the form of CPI and PPI.
Here are the companies from this week’s expected earnings:
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!