As Thanksgiving approaches and we close out November, here’s your roadmap to this week’s key market events and opportunities:
📅 Tuesday, Nov 26th
• CB Consumer Confidence: A vital indicator of consumer optimism and its impact on economic activity.
📅 Wednesday, Nov 27th
• Preliminary GDP q/q: Fresh insights into U.S. economic growth last quarter.
• Unemployment Claims: A critical measure of the labor market’s strength as we head into the holidays.
• Core PCE Price Index m/m: The Fed’s preferred inflation gauge—keep an eye on how it influences interest rate expectations.
• FOMC Meeting Minutes: A deeper dive into the Fed’s latest policy discussions and outlook.
📈 Key Themes to Watch This Week
• Strong Dollar: The U.S. dollar’s strength continues to shape global trade dynamics, maintaining its multi-week winning streak.
• Tech Trends – Nvidia Leading the Semiconductor Surge:
Nvidia has once again raised the bar with its third-quarter earnings, surpassing Wall Street expectations for both revenue and profit. The company’s revenue soared 94% year-over-year in the quarter ending October 27, bolstered by surging demand for its AI chips.
Its next-generation AI chip, Blackwell, has already been delivered to leading customers, including Microsoft, Oracle, and OpenAI. As Nvidia continues to dominate the AI hardware space, its performance could spark a broader rally in the semiconductor sector, positioning it as a key driver for tech markets heading into 2025.
Key Earnings Reports to Watch:
📅 Monday, Nov 25th:
• Bath & Body Works, Inc. (BBWI): Expected earnings per share (EPS) of $0.46, which is a decrease of 4.17% compared to the same quarter last year. However, BBWI has consistently beaten expectations in the past year.
• Zoom Video Communications, Inc. (ZM): Notable for its role in the tech sector, ZM's performance will be closely watched following recent trends in remote communication tools.
📅 Tuesday, Nov 26th:
• Dell Technologies Inc. (DELL): As a major player in technology hardware and services, Dell’s earnings will provide insights into the tech market's health.
• CrowdStrike Holdings, Inc. (CRWD): With increasing concerns about cybersecurity, CrowdStrike's results will be significant for investors focusing on tech security solutions.
• Best Buy Co., Inc. (BBY): Expected to report on consumer electronics sales amid ongoing retail challenges.
It's Black Friday soon..
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🦃 Happy Thanksgiving!!
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