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Last Week’s Market Activity

This past week, the market was largely green despite the relative lack of economic data releases. The Dow was up 0.61% week-over-week, while the Nasdaq and S&P were up 2.05% and 1.13%, respectively, while the Russell was down 2.37%. Although there were some stocks that experienced a good bit of volatility on the back of their earnings, the indices remained largely unaffected.

Macroeconomic Indicators

While there weren’t many important economic data releases last week, there certainly were some interesting earnings reports that moved individual stocks. Companies like Warby Parker and Upstart fell over 20% after reporting their earnings, signaling to the market that there is no tolerance for any missteps at this point in time.

Upcoming Market Catalysts

This week, things heat up, with several important economic data releases starting on Tuesday with CPI data, followed by PPI and retail sales on Wednesday. We’ll also see some important housing data in the form of home builder confidence on Thursday, followed by housing starts on Friday. It’ll be important to pay attention to CPI and PPI data in particular, as these readings will likely influence the Fed’s December decision on interest rates.

Notable Earnings Releases

While most of the largest companies have already reported their earnings, we still have some very influential companies reporting their earnings this week, such as:

11/13 – Mitsubishi YUFJ Financial Group Inc. (MUFG), Sumitomo Mitsui Financial Group (SMFG), Nu Holdings Ltd. (NU), Tyson Foods, Inc. (TSN), AECOM (ACM)

11/14 – The Home Depot, Inc. (HD), Sea Limited (SE), Tencent Music Entertainment Group (TME), On Holding AG (ONON), Aramark (ARMK)

11/15 – Cisco Systems, Inc. (CSCO), The TJX Companies, Inc. (TJX), Palo Alto Networks, Inc. (PANW), Target Corporation (TGT), Copart, Inc. (CPRT), JD.com, Inc. (JD)

11/16 – Walmart Inc. (WMT), Alibaba Group Holding Limited (BABA), Applied Materials, Inc. (AMAT), NetEase, Inc. (NTES), Ross Stores, Inc. (ROST), Warner Music Group Corp. (WMG), Williams-Sonoma, Inc. (WSM)

11/17 – BJ’s Wholesale Club Holdings, Inc. (BJ), Foot Locker, Inc. (FL)

This week, all eyes will be on retailers, as some of the largest retailers in the world report their Q3 earnings, like HD, TJX, TGT, WMT, ROST, WSM, BJ, and FL. It will be important to pay attention to what they have to say about consumer behavior, as commentary will likely influence stock prices in a huge way.

⚡ Watchlist ⚡

Monitoring the market conditions this week.

⚡ Trade Wins from Last Week ⚡

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