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*dates subject to change*
Earnings Reports (11/20/2023 – 11/24/2023)
As the month of November continued, markets continued to push higher, with Monday’s large gains ending the third consecutive positive streak for the major averages.
Some earnings highlights included Target, which made significant cost-cutting efforts that boosted its third-quarter earnings. Following growth trends in sales, investors pushed aside any uncertainty over guidance and sent its stock deep in the green.
This week’s biggest economic data came from October’s inflation figures, which were cooler than expected for both the consumer and producer. Trends of continuing disinflation followed by strong economic growth have fueled confidence in the Fed’s ability to successfully create a “soft landing”.
Overall, U.S. stocks have shown great strength, with investors hoping to push markets for a long-term rally throughout the holiday season. Next week, investors should monitor economic data like initial jobless claims and the previous FOMC meeting minutes.
Here are the companies from this week’s expected earnings:
- Zoom Video Communications – 11/20 (#zoom)
- Agilent – 11/20 (#agil)
- Abercrombie & Fitch – 11/21 (#anf)
- Nvidia – 11/21 (#nvidia)
- Best Buy – 11/21 (#bestbuy)
- Deere – 11/22 (#deere)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!