Today's Stock Market News & Events: 11/23/2020

Today's market-moving economic data and full earnings schedule

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Last week, most stocks finished lower than the week prior, with soaring COVID-19 infection rates and the clouded waters surrounding central-bank funding for emergency credit funding programs. These two major concerns knocked investor sentiment about a smooth economic recovery. The Dow Jones Industrial Average (DJI - 29,263.48) shed 0.8% on Friday, and 0.7% for the week last week. The S&P 500 Index (SPX - 3,557.54) shed 24.3 0.7%, for the day on Friday, and 0.8% week-over-week. The Nasdaq Composite (IXIC - 11,854.97) shed 0.4% for the day on Friday, but squeaked by with a 0.3% gain on the week. The Cboe Volatility Index (VIX - 23.70) rose 2.6% for the day on Friday, and 2.6% for the week last week.

Today we kick the week off with a bang, as the latest Chicago Fed national activity data is due out. Additionally, Markit manufacturing and services PMI will  be reported, as well as a handful of companies hitting the earnings confessional today.

For your convenience, we have rounded up the schedule for companies slated to release earnings today, November 23:

Baozun, Inc. (NASDAQ:BZUN -- $41.92) provides e-commerce solutions to brand partners in the People's Republic of China. BZUN is up by 21.7% year-over-year. Baozun will report its third-quarter earnings before the bell today.

Korn Ferry (NYSE:KFY -- $38.25) provides organizational consulting services worldwide. Korn Ferry will report its second-quarter earnings of 2021 before the bell today.

Twist Bioscience Corporation (NASDAQ:TWST -- $115.56) develops proprietary semiconductor-based synthetic DNA manufacturing process. Twist Bioscience will report its fourth-quarter earnings before the bell today.

Warner Music Group Corporation (NASDAQ:WMG -- $29.08) engages in the publishing and recording of music. Warner Music Group will report its fourth-quarter earnings before the bell today.

Agilent Technologies, Inc. (NYSE:A -- $110.89) provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. Agilent will report its fourth-quarter earnings after the market closes today.

Ambarella, Inc. (NASDAQ:AMBA -- $66.46) develops semiconductor processing solutions for video. Ambarella will report its third-quarter earnings after the market closes today.

Cabot Corporation (NYSE:CBT -- $41.83) operates as a specialty chemicals and performance materials company. Cabot will report its third-quarter earnings after the market closes today.

Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA -- $43.57) researches and develops small molecule drugs for the treatment of viral infections and liver diseases. Enanta Pharmaceuticals will report its fourth-quarter earnings after the market closes today.

Nutanix, Inc. (NASDAQ:NTNX -- $28.47) develops and provides an enterprise cloud platform. Nutanix will report its first-quarter earnings of 2021 after the market closes today.

Urban Outfitters, Inc. (NASDAQ:URBN -- $30.32) engages in the retail and wholesale of general consumer products. Urban Outfitters will report its first-quarter earnings of 2021 after the market closes today.

On Friday, November 20, the following companies reported earnings we have also rounded up the companies slated to release earnings today, November 23:


The Buckle, Inc. (NYSE:BKE -- $28.81) operates as a retailer of casual apparel, footwear, and accessories for young men and women. Earnings per share were up 60.38% over the past year to $0.85, which beat the estimate of $0.54. Revenue of $251,005,000 rose by 12.00% year over year, which beat the estimate of $232,620,000.

Foot Locker, Inc. (NYSE:FL -- $41.33) operates as an athletic footwear and apparel retailer. Earnings per share were up 7.08% year over year to $1.21, which beat the estimate of $0.62. Revenue of $2,106,000,000 rose by 9.01% year over year, which beat the estimate of $1,940,000,000.

GSX Techedu, Inc. (NYSE:GSX -- $71.35) provides online K-12 after-school tutoring services in the People's Republic of China. Earnings per share decreased 5800.00% year over year to ($0.57), which missed the estimate of ($0.31). Revenue of $289,532,000 declined by 48.02% from the same period last year, which beat the estimate of $288,530,000.

HeadHunter Group PLC (NASDAQ:HHR -- $25.27) operates an online recruitment platform. Earnings per share decreased 9.09% over the past year to $0.20, which beat the estimate of $0.15. Revenue of $28,967,000 declined by 12.90% year over year, which missed the estimate of $30,050,000.

Looking ahead to tomorrow, investors will unpack the Case-Shiller national home price index, as well as the consumer confidence index. Remember, the market will be closed on Thursday in observance of Thanksgiving, and closed for a half day on Friday (open from 9:30 a.m. ET until 1:00 p.m. ET).

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