Fed decision, jobs report, better results from CVS Health next week

0

The coming week will be filled with incomes from big names in consumer affairs as well as two key labor market reports as well as the Federal Reserve’s decision on interest rates and further guidance on a “reduction process. progressive “of the agency’s bond purchase program. mentioned in the minutes of the September meeting.

NOVEMBER BEGINS BEST 3 MONTHS FOR STOCKS

Teleprinter Security Last Switch Switch %
Me: DJI MEDIUM DOW JONES 35963.03 +143.47 + 0.40%
SP500 S&P 500 4611.61 +6.23 + 0.14%
I: COMP NASDAQ COMPOSITE INDEX 15504.254192 +5.87 + 0.04%

This as markets begin November in record territory after escaping losses from disappointing earnings reports from Apple and Amazon.

FOX Business takes a look at upcoming events that are likely to move Financial markets in the coming days.

Monday 1/11

On Monday, PG&E will be in the spotlight for earnings before the market opens and Clorox after the bell.

Teleprinter Security Last Switch Switch %
PCG PG&E CORP. 11.58 -0.01 -0.13%
CLX THE CLOROX CO. 163.99 +1.04 + 0.64%

As for the economic data, investors will be watching car sales, construction spending and the Institute of Supply Management’s manufacturing PMI.

President Joe Biden holds his face mask and waves his hand as he exits Air Force One at the Capital Region International Airport on Tuesday, October 5, 2021, in Lansing, Michigan (AP Photo / Evan Vucci) (AP Photo / Evan Vucci / AP Newsroom)

In the world of politics, President Biden will travel to Glasglow, Scotland to attend the World Leaders’ Summit which kicked off COP26 on climate change. Former President Barack Obama is also expected to attend and deliver remarks. Meanwhile, in China, a new law designed to protect the privacy of users’ data online will come into force.

Teleprinter Security Last Switch Switch %
TSN TYSON FOODS, INC. 80.33 +0.38 + 0.48%
FDX FEDEX CORP. 236.00 +0.46 + 0.20%
DG GENERAL ENGINE CO. 54.82 +0.40 + 0.73%
DELL DELL TECHNOLOGIES, INC. 110.39 +0.40 + 0.36%

Other notable events on Monday included the deadline for all Tyson Foods employees to be fully vaccinated against COVID-19, the increase in FedEx’s fuel surcharge for express, land and freight shipments, the reopening of all General Motors factories blocked by continued chip shortages and the completion of Dell’s spin-off of VMware.

Tuesday 11/2

Profits will rise on Tuesday with ConocoPhillips, Estee Lauder, Ferrari, Pfizer, Ralph Lauren and Under Armor before the market opens. Meanwhile, Activision Blizzard, Caesars Entertainment, Denny’s, Lyft, Match Group, Mondelez International, and T-Mobile US are all expected to deliver results after the bell.

Teleprinter Security Last Switch Switch %
COP CONOCOPHILLIPS 74.93 +0.44 + 0.59%
EL ESTÉE LAUDER ENTERPRISES, INC. 326.49 +2.16 + 0.67%
RACE FERRARI SA 240.58 +3.36 +1.42%
PFE PFIZER INC. 43.78 +0.07 + 0.16%
RL RALPH LAUREN CORP. 128.89 +1.56 +1.23%
UAA UNDER ARMOR, INC. 22.10 +0.13 + 0.59%
ATVI ACTIVISION BLIZZARD, INC. 79.11 +0.93 + 1.18%
CZR CAESARS ENTERTAINMENT, INC. 109.46 -1.43 -1.29%
DENN DENNY’S CORP. 15.93 +0.03 + 0.19%
LYFT LYFT, INC. 45.48 -0.39 -0.85%
MTCH MATCH GROUP, INC. 153.15 +2.37 +1.57%
MDLZ MONDELEZ INTERNATIONAL, INC. 60.86 +0.12 + 0.20%
TMUS T-MOBILE US, INC. 115.29 +0.26 + 0.23%

On Tuesday, the meeting of the Federal Open Market Committee will begin. Additionally, the CDC will meet to discuss pediatric vaccinations and Kellogg will meet with his striking union workers to negotiate a new contract.

Wednesday 11/3

Investors will receive profits from CVS Health and Marriott International before the market opens on Wednesday.

Teleprinter Security Last Switch Switch %
CVS CORP. 90.41 +1.13 +1.27%
MAR MARRIOTT INTERNATIONAL, INC. 160.29 +0.27 + 0.17%

Meanwhile, Cheesecake Factory, elf Beauty, Electronic Arts, Etsy, Fisker, Fox, Hostess Brands, Hyatt Hotels, MGM Resorts, Qualcomm and Roku will be the center of attention after the bell.

Teleprinter Security Last Switch Switch %
CAKE CHEESECAKE FACTORY, INC. 41.48 +0.84 + 2.07%
ELF ELF BEAUTÉ, INC. 32.57 +0.24 + 0.74%
EA ELECTRONIC ARTS, INC. 140.62 +0.36 + 0.26%
ETSY ETSY, INC. 242.95 -7.74 -3.09%
RSF FISKER, INC. 5:00 p.m. +0.94 + 5.89%
FOX FOX CORP. 40.19 +0.45 + 1.13%
TWNK HOSTESS BRANDS, INC. 19.06 +0.15 + 0.79%
H HYATT HOTELS CORP. 85.70 +0.46 + 0.54%
MGM MGM RESORT INTERNATIONAL 47.59 +0.43 + 0.91%
QCOM QUALCOMM, INC. 132.94 -0.10 -0.08%
ROKU ROKU, INC. 305.69 +0.79 + 0.26%

Economic data on Wednesday’s agenda will be the national ADP jobs report, durable goods and factory orders, the ISM non-manufacturing PMI, weekly mortgage applications and weekly crude inventories of. the Energy Information Administration.

Federal Reserve Chairman Jerome Powell will also hold a press conference following the release of the FOMC decision.

Additionally, Allbirds will debut on the Nasdaq under the symbol BIRD. The shoe and clothing retailer is selling around 19.2 million shares at $ 12 to $ 14 apiece.

Teleprinter Security Last Switch Switch %
WMT WALMART, INC. 150.19 +0.83 + 0.56%
M MACY’S, INC. 27.18 +0.71 + 2.68%
MCD CORP. 247.40 +2.35 + 0.96%
IBM INTERNATIONAL BUSINESS MACHINES CORP. 124.86 -0.21 -0.17%

Thursday 04/11

On Thursday, investors will receive profits from Hanesbrands, Kellogg, Moderna, Nikola, ViacomCBS, and Wayfair before the market opens and Airbnb, Peloton Interactive, Pinterest, Shake Shack, Square, Uber, WW International and Yelp after the bell.

Teleprinter Security Last Switch Switch %
HBI HANESBRANDS, INC. 17.25 +0.20 + 1.14%
K KELLOGG CO. 61.48 +0.14 + 0.24%
MRNA MODERN, INC. 323.97 -21.24 -6.15%
NKLA NIKOLA CORP. 12.41 +0.61 + 5.21%
VIAC VIACOMCBS, INC. 37.00 +0.78 + 2.15%
W WAYFAIR, INC. 251.30 +2.04 + 0.82%
ABNB AIRBNB, INC. 174.93 +4.27 + 2.50%
PTON INTERACTIVE PLATOON, INC. 90.83 -0.61 -0.66%
PINS PINTEREST, INC. 45.03 +0.38 + 0.85%
SEQUER SHAKE SHACK 72.39 +3.21 + 4.64%
SQ SQUARE, INC. 252.18 -2.34 -0.92%
UBER UBER TECHNOLOGIES, INC. 43.85 +0.04 + 0.09%
WW WW INTERNATIONAL, INC. 17.36 -0.16 -0.91%
JAPPER YELP, INC. 38.86 +0.23 + 0.60%

When it comes to economic data, investors will be watching challengers layoffs, international trade, initial and continuing jobless claims, labor costs and productivity.

Teleprinter Security Last Switch Switch %
BJ BJS WHSL CLUB HLDGS INC 58.95 +0.47 + 0.81%

The rollout of Black Friday deals will continue on Thursday with BJ’s wholesale club. Meanwhile, OPEC + will hold its monthly virtual meeting as the organization continues to monitor oil market conditions.

Friday 11/5

The major jobs report due Friday is expected to show employers added 413,000 jobs an improvement from 194,000 in September. The unemployment rate is expected to fall to 4.7% from 4.8%.

The week will end with earnings from AMC Networks, Canopy Growth, Cinemark Holdings, Dominion Energy, DraftKings, EW Scripps and Goodyear Tire & Rubber Company ahead of market opens, October jobs report and credit for consumption.

Teleprinter Security Last Switch Switch %
AMCX AMC NETWORKS, INC. 40.71 +0.92 + 2.31%
CCG CANOPY GROWTH CORP. 12.59 -0.04 -0.32%
CNK CINEMARK HOLDINGS, INC. 19.49 +0.71 + 3.78%
D ENERGY DOMINION, INC. 75.41 -0.53 -0.70%
DKNG DRAFTKINGS, INC. 47.63 +1.04 + 2.23%
SSP EW SCRIPPS CO. 18.64 +0.04 + 0.22%
GT GOODYEAR TIRE & RUBBER CO. 19.71 +0.59 + 3.09%

In addition, a judge is expected to make a final ruling on a challenge to the Florida mask warrant ban for public schools. The memorial service for former US Secretary of State Colin Powell will also be held at the Washington National Cathedral.


Source link

Leave A Reply

Your email address will not be published.