The Week Ahead: Retailers, Fed Minutes Dominate Thanksgiving Week

During the short Thanksgiving week, traders will get to digest the latest Fed meeting minutes and another round of retail earnings

Nov 17, 2016 at 10:40 AM
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With U.S. markets shuttered on Thursday for Thanksgiving, and closing early on Friday, next week's economic calendar is relatively light. Wednesday will be the busiest session by far, highlighted by the release of the Federal Open Market Committee (FOMC) meeting minutes. As far as earnings reports go, farm equipment manufacturer Deere & Company (NYSE:DE) is perhaps the highest-profile name on the docket, while a number of retail stocks could move. Among the retailers scheduled to report earnings are GameStop Corp. (NYSE:GME) and Urban Outfitters, Inc. (NASDAQ:URBN).

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

The week kicks off on Monday, Nov. 21, with a relatively empty economic calendar. Canadian Solar (CSIQ), Jack in the Box (JACK), Palo Alto Networks (PANW), Tyson Foods (TSN), and Weibo (WB) are scheduled to report earnings.

Slated for Tuesday, Nov. 22 is existing home sales data. Stepping up to the earnings stage will be Barnes & Noble (BKS), Burlington Stores (BURL), Campbell Soup (CPB), Chico's (CHS), Dollar Tree (DLTR), DSW Inc. (DSW), GME, Hewlett-Packard Enterprise (HPE), Hormel Foods (HRL), HP Inc (HPQ), Seadrill (SDRL), Signet Jewelers (SIG), and URBN.

On Wednesday, Nov. 23, the Street will digest durable goods orders, weekly jobless claims, the purchasing managers manufacturing index (PMI), new home sales, weekly crude inventories, and the Thomson Reuters/University of Michigan consumer sentiment survey. Plus, the FOMC meeting minutes will be released at 2 p.m. ET. DE and Trina Solar (TSL) will tell all in the earnings confessional.

U.S. markets will be closed on Thursday, Nov. 24, in observance of Thanksgiving Day.

The week will conclude on Friday, Nov. 25 with international trade data, before U.S. markets close early at 1 p.m. ET. The earnings calendar is more or less bare.

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