Today's Stock Market News & Events: 11/24/2020

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

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Stocks kicked off the Thanksgiving-shortened week higher on Monday, mostly thanks to more coronavirus vaccine news, this time from AstraZeneca (AZN), who announced their vaccine was up to 90% effective yesterday. AstraZeneca is now the third company to reveal efficacy data, bolstering investor sentiment regarding a more steady economic recovery, and leading to jumps in travel stocks.  The Dow Jones Industrial Average (DJI - 29,591.27) tacked on 327.8 points on Monday, while the S&P 500 Index (SPX - 3,577.59) rose 20.1 points for the day. The Nasdaq Composite (IXIC - 11,880.63) gained 25.7 points on Monday. The Cboe Volatility Index (VIX - 22.66) fell 1 point during yesterday's trading session.


Today, investors w
ill unpack the Case-Shiller national home price index, as well as the consumer confidence index. We will also see a good amount of retail companies reporting earnings including Abercrombie and Fitch (ANF), Best Buy (BBY), Dick's Sporting Goods (DKS), American Eagle (AEO), Burlington Stores (BURL), Tiffany & Co (TIF), Gap (GAP), and Nordstrom (JWN).

For your convenience, we have rounded up the schedule of companies slated to release earnings today, November 24:

Abercrombie & Fitch, Co. (NYSE:ANF -- $22.69) operates as a specialty retailer. Abercrombie & Fitch will report its third-quarter earnings before the bell today.

American Woodmark, Co. (NASDAQ:AMWD -- $104.70) manufactures and distributes kitchen cabinets and vanities. American Woodmark will report its second-quarter earnings of 2021 before the bell today.

Analog Devices, Inc. (NASDAQ:ADI -- $137.07) designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems. Analog Devices will report its fourth-quarter earnings before the bell today.

Anaplan, Inc. (NYSE:PLAN -- $62.25) provides a cloud-based connected planning platform. Anaplan will report its third-quarter earnings before the bell today.

Best Buy Co., Inc. (NYSE:BBY -- $122.04) retails technology products in the United States, Canada, and Mexico. Best Buy will report its third-quarter earnings before the bell today.

Burlington Stores, Inc. (NYSE:BURL -- $230.00) operates as a retailer of branded apparel products. Burlington Stores will report its third-quarter earnings before the bell today.

Chico's FAS, Inc. (NYSE:CHS -- $1.77) operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. Chico's FAS will report its third-quarter earnings before the bell today.

Dick's Sporting Goods, Inc. (NYSE:DKS -- $58.81) operates as a sporting goods retailer. Dick's Sporting Goods will report its third-quarter earnings before the bell today.

Dollar Tree, Inc. (NASDAQ:DLTR -- $97.61) operates discount variety retail stores. Dollar Tree will report its third-quarter earnings before the bell today.

Dycom Industries, Inc. (NYSE:DY -- $78.23) provides specialty contracting services. Dycom will report its third-quarter earnings before the bell today.

Eaton Vance Corp. (NYSE:EV -- $67.07) retails technology products in the United States, Canada, and Mexico. Eaton Vance will report its fourth-quarter earnings before the bell today.

Hormel Foods Corporation (NYSE:HRL -- $50.03) produces and markets various meat and food products. Hormel Foods will report its fourth-quarter earnings before the bell today.

The J.M. Smucker Company (NYSE:SJM -- $116.05) manufactures and markets food and beverage products worldwide. J.M. Smucker will report its second-quarter earnings of 2021 before the bell today.

LexinFintech Holdings Ltd. (NASDAQ:LX -- $8.30) operates as an online consumer finance platform for young professionals in the People's Republic of China. LexinFintech will report its third-quarter earnings before the bell today.

Medtronic plc (NYSE:MDT -- $110.97) develops, manufactures, distributes, and sells device-based medical therapies. Medtronic will report its second-quarter earnings of 2021 before the bell today.

Tiffany & Co. (NYSE:TIF -- $131.48) designs, manufactures, and retails jewelry and other items. Tiffany & Co will report its third-quarter earnings before the bell today.

Titan Machinery, Inc. (NASDAQ:TITN -- $18.98) owns and operates a network of full-service agricultural and construction equipment stores. Titan Machinery will report its third-quarter earnings before the bell today.

American Eagle Outfitters, Inc. (NYSE:AEO -- $18.18) operates as a specialty retailer that provides clothing, accessories, and personal care products. American Eagle will report its third-quarter earnings after the market closes today.

Autodesk, Inc. (NASDAQ:ADSK -- $257.25) operates as a software design and services company worldwide. Autodesk will report its third-quarter earnings after the market closes today.

Dell Technologies, Inc. (NYSE:DELL -- $69.38) designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. Dell will report its third-quarter earnings after the market closes today.

The Gap, Inc. (NYSE:GPS -- $26.06) operates as an apparel retail company worldwide. Gap will report its third-quarter earnings after the market closes today.

HP, Inc. (NYSE:HPQ -- $21.19) provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. HP will report its fourth-quarter earnings after the market closes today.

Nordstrom, Inc. (NYSE:JWN -- $23.44) provides apparels, shoes, cosmetics, and accessories for women, men, young adults, and children. Nordstrom will report its third-quarter earnings after the market closes today.

Pure Storage, Inc. (NYSE:PSTG -- $19.69) provides technology and data storage solutions. Pure Storage will report its third-quarter earnings after the market closes today.

VMware, Inc. (NYSE:VMW -- $148.94) provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces. VMware will report its third-quarter earnings after the market closes today.

And here’s a recap of how yesterday’s earning calls played out asvcompared to expectations:

Baozun, Inc. (NASDAQ:BZUN -- $41.92)
provides e-commerce solutions to brand partners in the People's Republic of China. Earnings per share rose 57.14% year over year to $0.22, which beat the estimate of $0.20. Revenue of $269,406,000 higher by 28.11% from the same period last year, which missed the estimate of $271,880,000.

Korn Ferry (NYSE:KFY -- $38.25) provides organizational consulting services worldwide. Earnings per share fell 33.33% over the past year to $0.54, which beat the estimate of $0.05. Revenue of $437,789,000 decreased by 11.09% from the same period last year, which beat the estimate of $376,140,000.

Twist Bioscience Corporation (NASDAQ:TWST -- $115.56) develops proprietary semiconductor-based synthetic DNA manufacturing process. Earnings per share increased 43.75% year over year to ($0.54), which beat the estimate of ($0.70). Revenue of $32,432,000 rose by 106.10% year over year, which beat the estimate of $22,670,000.

Agilent Technologies, Inc. (NYSE:A -- $110.89) provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. Earnings per share rose 10.11% over the past year to $0.98, which beat the estimate of $0.93. Revenue of $1,483,000,000 higher by 8.49% from the same period last year, which beat the estimate of $1,400,000,000.

Ambarella, Inc. (NASDAQ:AMBA -- $66.46) develops semiconductor processing solutions for video. Earnings per share fell 71.88% over the past year to $0.09, which beat the estimate of $0.05. Revenue of $56,090,000 declined by 17.42% year over year, which beat the estimate of $55,040,000.

Cabot Corporation (NYSE:CBT -- $41.83) operates as a specialty chemicals and performance materials company. Earnings per share fell 35.24% year over year to $0.68, which beat the estimate of $0.55. Revenue of $659,000,000 declined by 20.31% year over year, which missed the estimate of $675,000,000.

Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA -- $43.57) researches and develops small molecule drugs for the treatment of viral infections and liver diseases. Earnings per share decreased 431.82% over the past year to ($1.46), which missed the estimate of ($0.95). Revenue of $23,631,000 declined by 53.95% from the same period last year, which missed the estimate of $25,740,000.

Nutanix, Inc. (NASDAQ:NTNX -- $28.47) develops and provides an enterprise cloud platform. Earnings per share were up 38.03% over the past year to ($0.44), which beat the estimate of ($0.57). Revenue of $312,754,000 decreased by 0.64% year over year, which beat the estimate of $299,240,000.

Urban Outfitters, Inc. (NASDAQ:URBN -- $30.32) engages in the retail and wholesale of general consumer products. Earnings per share rose 39.29% over the past year to $0.78, which beat the estimate of $0.44. Revenue of $969,607,000 declined by 1.81% year over year, which beat the estimate of $924,230,000.

Looking ahead to tomorrow, it's an absolutely jam-packed day for investors. Initial and continuing jobless claims data is slated to be released. Meanwhile, durable goods and core capital goods orders data are on tap, as well, while new home sales will be reported later on. Rounding out the day, personal income, consumer spending, core inflation, and the consumer sentiment index data are all due out.

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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