Top Stocks to Watch This Week: Best Buy, Zoom, CrowdStrike, Macy’s, and More
This week in the finance world is anticipated to be an interesting one, with notable highlights in the form of retailer earnings reports and crucial inflation data from the Federal Reserve. Due to the Thanksgiving holiday, U.S. stock and bond markets will be closed on Thursday, resuming with a half day of trading on Friday.
To kick off the week, on Monday, Bath & Body Works and Zoom Video Communications will be sharing their quarterly results with the market. Tuesday is shaping up to be a busy day with earnings reports from Best Buy, CrowdStrike Holdings, Dell Technologies, Dick’s Sporting Goods, HP Inc., Macy’s, Nordstrom, and Workday.
On Wednesday, the Bureau of Economic Analysis will be releasing the personal-consumption expenditures price index for October, with economists predicting a 2.3% year-over-year increase. More economic data to keep an eye on includes new residential sales for October, the Consumer Confidence Index for November, durable goods report for October, Pending Home Sales Index for October, and the release of the minutes from the early November monetary policy meeting.
As we head into the Thanksgiving holiday, remember that markets will be closed on Thursday and resume with shortened trading hours on Friday from 9:30 A.M. to 1:00 PM ET. It’s essential to stay informed and up to date on these key events to navigate the financial landscape effectively.
