Busy Week for Retail Earnings Ahead of Black Friday

Markets are closed on Thursday for Thanksgiving

by Karee Venema

Published on Nov 21, 2019 at 1:35 PM
Updated on Jun 24, 2020 at 10:16 AM

It will be an abbreviated week on Wall Street, with markets shuttered Thursday, Nov. 28, and closing early on Friday, Nov. 29, for the Thanksgiving holiday. There's plenty of action for investors to consider, though, with an onslaught of retail earnings slated for release ahead of Black Friday -- the unofficial start to the holiday shopping season. The economic calendar is chock-full, too, with durable goods, gross domestic product (GDP), and housing data all on tap.

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.

Monday, Nov. 25, features the Dallas Fed manufacturing survey. Agilent Technologies (A), Ambarella (AMBA), Hewlett Packard Enterprise (HPE), Nutanix (NTNX), and Palo Alto Networks (PANW) will report earnings.

On Tuesday, Nov. 26, Wall Street will get updates on international trade in goods, the S&P CoreLogic Case Shiller home price index, new home sales, and consumer confidence. Earnings from Autodesk (ADSK), Abercrombie & Fitch (ANF), Best Buy (BBY), Burlington Stores (BURL), Dick's Sporting Goods (DKS), Dollar Tree (DLTR), HP (HPQ), PVH Corp (PVH), and VMware (VMW) are due.

Durable goods data is due Wednesday, Nov. 27, along with the second estimate on third-quarter GDP, personal income and spending, pending home sales, weekly crude inventories, and an early look at weekly jobless claims. The Fed's Beige Book is also slated for release. Deere (DE) and GameStop (GME) will take their turn in the earnings confessional.

The stock market will be closed on Thursday, Nov. 28, for Thanksgiving Day. Markets will close at 1 p.m. ET on Friday, Nov. 29, but traders will be eyeing preliminary Black Friday sales throughout the abbreviated session, as well as the Chicago purchasing managers index (PMI).


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