The Week Ahead: GDP, November Jobs Report Grab the Spotlight

While earnings season is slowing down, major economic reports are due for the week, including a preliminary GDP reading and the nonfarm payrolls report, and the Federal Reserve's Beige Book will be released

Nov 24, 2016 at 10:40 AM
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Next week's earnings calendar will bring some of the month's most highly anticipated data releases, including the preliminary third-quarter gross domestic product (GDP) reading, and the all-important nonfarm payrolls report. The Federal Reserve will also be in focus, with the release of the Beige Book due Tuesday, and a number of Fed officials slated to speak throughout the week. On the earnings front, this season is winding down, but among notable names due to report are retailer  American Eagle Outfitters (AEO) and grocer Kroger (KR).

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. 28 with no major economic reports slated for release. Fang Holdings (SFUN) and Shoe Carnival (SCVL) are among a short list of companies due to report quarterly earnings.

Federal Reserve Vice Chair Stanley Fischer will give a speech before the open on Tuesday, Nov. 29. The preliminary third-quarter GDP reading will be released, as will S&P CoreLogic Case-Shiller home price index and the Conference Board's consumer confidence survey. Plus, New York Fed President William Dudley is due to speak. Stepping into the earnings confessional will be Autodesk (ADSK), Mallinckrodt (MNK), Nutanix (NTNX), Splunk (SPLK), and Tiffany & Co (TIF).

The ADP private-sector employment report, the Chicago purchasing managers index (PMI), weekly crude inventories, and pending home sales are due for release Wednesday, Nov. 30, as is the Fed's Beige Book. Stepping up to the mic throughout the day will be Dallas Fed President Robert Kaplan, Cleveland Fed President Loretta Mester, and Fed Governor Jerome Powell. AEO, Box Inc (BOX), Guess? (GES), and La-Z-Boy (LZB), will reveal their quarterly earnings.

Thursday, Dec. 1 will bring a slew of economic data, including motor vehicle sales, weekly jobless claims, the purchasing managers manufacturing index (PMI), the Institute for Supply Management's (ISM) manufacturing index, and construction spending. Cleveland Fed President Loretta Mester will speak again on Thursday, as well. Taking their turns in the earnings spotlight will be Ambarella (AMBA), Dollar General (DG), Express (EXPR), Five Below (FIVE), KR, Smith & Wesson (SWHC), Ulta Salon (ULTA), Workday (WDAY), and Zumiez (ZUMZ).

The week will wrap up on Friday, Dec. 2 with the release of data on the employment situation for November, including the crucial nonfarm payrolls report, as well as a speech from Fed Governor Daniel Tarullo. Rounding out the week's earnings releases are Big Lots (BIG) and Fred's (FRED).

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