GlobalFoundries, Hewlett Packard Enterprise, Splunk, and Other Stocks to Watch This Week

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After a holiday-shortened week, investors will be back in the swing of things amid the Cyber ​​Monday online shopping event. Earnings will be light next week, but there are still some high-profile reports to be seen.

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On Tuesday, GlobalFoundries,

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Hewlett Packard Enterprise,

NetApp,
and Salesforce.com report results. CrowdStrike Holdings,
Okta, Snowflake and Splunk report on Wednesday. DocuSign,

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dollar general,

kroger,

Marvel Technology,
Ulta Beauty Headline Thursday’s Earnings Report.

As for housing market indicators, the National Association of Realtors on Monday released its pending home sales index for October. The consensus estimate is for 117 readings, roughly even with the September figure. On Tuesday, S&P CoreLogic releases the Case-Shiller National Home Price Index for September. Economists have forecast a 19.5% year-over-year gain, down slightly from August’s jump of 19.8%.

Economic data releases include the Institute for Supply Management’s Chicago Purchasing Managers Index and the Conference Board’s Consumer Confidence Index. Both November reports are due on Tuesday. Expectations for the former are for a reading of 68.9, roughly even with October’s figures, while the expectation for the latter is to read 110.4, nearly three points lower than October.

Other releases next week include Census Bureau figures on construction spending on Wednesday. Economists forecast 1% month-over-month growth for the construction outlay, a seasonally adjusted annual rate of $1.59 trillion. The Labor Department on Thursday reported initial jobless claims for the week ending November 27. The four-week average is now only slightly above epidemic levels.

Monday 11/29

National Association Realtors releases its Pending Home Sales Index for October. The consensus estimate is for 117 readings, roughly even with the September figure. The index, a forward-looking indicator of home sales based on contract signing, fell 8% year-on-year in September and has declined for four consecutive months from last year’s levels.

Tuesday 11/30

Bank of Nova Scotia,
GlobalFoundries, Hewlett Packard Enterprise, NetApp, Salesforce.com, and Zscaler report earnings.

S&P Corelogic For September, Case-Shiller releases the National Home Price Index. Economists forecast a 19.5% year-over-year gain, slightly lower than August’s 19.8% jump, the fifth consecutive record increase for the index.

Institute for Supply Management releases its Chicago Purchasing Managers Index for November. The reading is expected to be 68.9, roughly even with the October figures. The index is slightly below its record peak, which was hit in May.

conference board releases its Consumer Confidence Index for November. The consensus call is for a 110.4 reading, down about three points from October. The index is sharply down from its highs since reaching this summer, due to inflation concerns.

Wednesday 12/1

Crowdstrike Holdings, Okta, PVH, Royal Bank of Canada,
snowflake, splunk, synopsis,
and Viva Systems report quarterly results.

ADP release Its national employment report for November. Private sector employment is expected to increase to 510,000 jobs after an increase of 571,000 in October.

census Bureau Reports data on construction expenses. Economists forecast 1% month-over-month growth for the construction outlay, a seasonally adjusted annual rate of $1.59 trillion.

Thursday, 12/2

canadian imperial bank of commerce,

Cooper Cos., DocuSign, Dollar General, Kroger, Marvell Technology, Toronto-Dominion Bank,
And Ulta Beauty holds conference calls to discuss earnings.

Labour Department Preliminary jobless claims report for the week ending November 27. Claims hit a 52-year low in last week’s report, and the four-week average is now slightly higher than pre-pandemic levels.

Friday 12/3

Bureau of Labor Statistics Releases jobs report for November. Economists have forecast 525,000 benefits for non-farm payrolls, and for the unemployment rate to tick up a tenth of a percentage point to 4.5%.

bank of montreal
Reports fiscal fourth quarter 2021 results.

ISM issues Its services PMI for November. The consensus estimate is for 65 readings, versus October’s 66.7, which was a record for the index.

write to Connor Smith at [email protected]

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