Employment Data Highlighted in Upcoming Election Week

Thursday will bring a number of earnings reports

Assistant Editor
Oct 29, 2020 at 10:30 AM
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This coming week, investors will undoubtedly have most of their attention on the Nov. 3 presidential election. However, there is still plenty of economic data to sift through. Manufacturing and employment data will be highlighted this week, third-quarter earnings season remains in full swing, leaving plenty of big names slated to report, including CVS Health (CVS), Hershey (HSY), Wynn Resorts (WYNN), Roku (ROKU), and Uber Technologies (UBER).

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

Monday, November 2, will start the week off with the ISM Manufacturing Purchasing Managers Index (PMI), Markit Manufacturing PMI, and construction spending. On the earnings docket will be Clorox (CLX), CVS, Estee Lauder (EL), Lumber Liquidators (LL), Marathon Petroleum (MPC), and PayPal (PYPL)

Election Day, Tuesday, November 3, will bring ISM Non-Manufacturing Employment and PMI data, as well as factory orders. Meanwhile, Sysco (SYY) and Wayfair (W) will report earnings.

By Wednesday, November 4, the Automatic Data Processing (ADP) Employment report and Markit Services PMI are on tap, with earnings from Allstate (ALL), Cars.com (CARS), Expedia (EXPE), Hilton (HLT), Match Group (MTCH), Wendy's (WEN), and Wynn Resorts slated for release.

Thursday, November 5, will bring jobs data, the Federal Open Market Committee (FOMC) announcement, and a speech from Fed Chair Jerome Powell. Also, Alibaba (BABA), New York Times (NYT), ROKU, Square (SQ), T-Mobile (TMUS), TripAdvisor (TRIP), UBER, Virgin Galactic (SPCE), and Zillow (ZG) will all step into the earnings confessional.

And finally on Friday, November 6, nonfarm payrolls, unemployment rate, and consumer credit data will be released. Earnings from and Hershey are scheduled.

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