Today's Stock Market News & Events: 11/25/2020

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

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Yesterday was a historic day for the Dow, as the index surpassed the 30,000 level for the first time ever. The primary catalysts for the record-breaking event was the latest round of positive vaccine news, strengthening investor sentiment surrounding a speedy economic recovery, as well as the Trump administration's approval to begin the transition process for President-elect Joe Biden. The Dow Jones Industrial Average (DJI - 30,046.24) tacked on 455 points yesterday. The S&P 500 Index (SPX - 3,635.41) rose 57.8 points  for the day on Tuesday. The Nasdaq Composite (IXIC - 12,036.79) gained 156.2 points for the day yesterday. The Cboe Volatility Index (VIX - 21.64) fell 1 point, or 4.5% for the day.

Today is an incredibly busy 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. Investors will unpack the Case-Shiller national home price index, as well as the consumer confidence index.  We will also see a handful of earnings today including Deere (DE) before the market opens for the day ahead of the holiday tomorrow.

For your convenience, we have rounded up the schedule of companies slated to release earnings today, November 25:

Deere & Company (NYSE:DE -- $261.51)
manufactures and distributes various equipment worldwide. Deere will report its fourth-quarter earnings before the bell today.

Frontline Ltd. (NYSE:FRO -- $7.40)
engages in the seaborne transportation of crude oil and oil products worldwide. FRO is current down by 5.2% year-to-date. Frontline will report its fourth-quarter earnings before the bell today.

Here’s a quick recap of how yesterday’s earning reports played out compared to expectations:

Abercrombie & Fitch, Co. (NYSE:ANF -- $22.69) operates as a specialty retailer. Earnings per share rose 230.43% over the past year to $0.76, which beat the estimate of ($0.04). Revenue of $819,653,000 declined by 5.07% year over year, which beat the estimate of $739,360,000.

American Woodmark, Co. (NASDAQ:AMWD -- $104.70) manufactures and distributes kitchen cabinets and vanities. Earnings per share rose 7.07% year over year to $1.97, which beat the estimate of $1.88. Revenue of $448,583,000 up by 4.81% year over year, which missed the estimate of $451,680,000.

Analog Devices, Inc. (NASDAQ:ADI -- $137.07) designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems. Earnings per share increased 21.01% over the past year to $1.44, which beat the estimate of $1.32. Revenue of $1,526,000,000 rose by 5.75% from the same period last year, which beat the estimate of $1,440,000,000.

Anaplan, Inc. (NYSE:PLAN -- $62.25) provides a cloud-based connected planning platform. Earnings per share were up 37.50% year over year to ($0.05), which beat the estimate of ($0.10). Revenue of $114,875,000 higher by 28.48% year over year, which beat the estimate of $109,560,000.

Best Buy Co., Inc. (NYSE:BBY -- $122.04) retails technology products in the United States, Canada, and Mexico. Earnings per share rose 82.30% over the past year to $2.06, which beat the estimate of $1.70. Revenue of $11,853,000,000 higher by 21.39% from the same period last year, which beat the estimate of $11,000,000,000.

Burlington Stores, Inc. (NYSE:BURL -- $230.00) operates as a retailer of branded apparel products. Earnings per share decreased 81.29% year over year to $0.29, which beat the estimate of $0.16. Revenue of $1,667,000,000 declined by 6.45% year over year, which beat the estimate of $1,530,000,000.

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. Earnings per share decreased 950.00% year over year to ($0.42), which missed the estimate of ($0.15). Revenue of $351,416,000 declined by 27.50% year over year, which missed the estimate of $374,970,000.

Dick's Sporting Goods, Inc. (NYSE:DKS -- $58.81) operates as a sporting goods retailer. Earnings per share rose 286.54% over the past year to $2.01, which beat the estimate of $1.01. Revenue of $2,412,000,000 up by 22.94% year over year, which beat the estimate of $2,230,000,000.

Dollar Tree, Inc. (NASDAQ:DLTR -- $97.61) operates discount variety retail stores. Earnings per share were up 28.70% year over year to $1.39, which beat the estimate of $1.15. Revenue of $6,177,000,000 up by 7.50% from the same period last year, which beat the estimate of $6,120,000,000.

Dycom Industries, Inc. (NYSE:DY -- $78.23) provides specialty contracting services. Earnings per share were up 20.45% year over year to $1.06, which beat the estimate of $1.05. Revenue of $810,256,000 declined by 8.35% from the same period last year, which missed the estimate of $817,690,000.

Hormel Foods Corporation (NYSE:HRL -- $50.03) produces and markets various meat and food products. Earnings per share fell 8.51% year over year to $0.43, which missed the estimate of $0.44. Revenue of $2,420,000,000 decreased by 3.28% year over year, which missed the estimate of $2,590,000,000.

The J.M. Smucker Company (NYSE:SJM -- $116.05) manufactures and markets food and beverage products worldwide. Earnings per share rose 5.75% year over year to $2.39, which beat the estimate of $2.23. Revenue of $2,034,000,000 up by 3.88% year over year, which beat the estimate of $2,010,000,000.

LexinFintech Holdings Ltd. (NASDAQ:LX -- $8.30) operates as an online consumer finance platform for young professionals in the People's Republic of China. Earnings per share were down 40.74% year over year to $0.32, which beat the estimate of $0.27. Revenue of $464,539,000 rose by 4.15% from the same period last year, which missed the estimate of $473,450,000.

Medtronic plc (NYSE:MDT -- $110.97) develops, manufactures, distributes, and sells device-based medical therapies. Earnings per share were down 22.14% over the past year to $1.02, which beat the estimate of $0.80. Revenue of $7,647,000,000 decreased by 0.77% from the same period last year, which beat the estimate of $7,100,000,000.

Tiffany & Co. (NYSE:TIF -- $131.48) designs, manufactures, and retails jewelry and other items. Earnings per share increased 70.77% year over year to $1.11, which beat the estimate of $0.66. Revenue of $1,008,000,000 decreased by 0.69% from the same period last year, which beat the estimate of $980,710,000.

Titan Machinery, Inc. (NASDAQ:TITN -- $18.98) owns and operates a network of full-service agricultural and construction equipment stores. Earnings per share increased 31.82% year over year to $0.58, which beat the estimate of $0.35. Revenue of $360,872,000 declined by 0.02% year over year, which beat the estimate of $329,340,000.

American Eagle Outfitters, Inc. (NYSE:AEO -- $18.18) operates as a specialty retailer that provides clothing, accessories, and personal care products. Earnings per share fell 27.08% year over year to $0.35, which beat the estimate of $0.34. Revenue of $1,032,000,000 decreased by 3.19% from the same period last year, which beat the estimate of $1,030,000,000.

Autodesk, Inc. (NASDAQ:ADSK -- $257.25) operates as a software design and services company worldwide. Earnings per share were up 33.33% year over year to $1.04, which beat the estimate of $0.96. Revenue of $952,400,000 rose by 13.02% year over year, which beat the estimate of $942,240,000.

Dell Technologies, Inc. (NYSE:DELL -- $69.38) designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. Earnings per share were up 16.00% year over year to $2.03, which beat the estimate of $1.40. Revenue of $23,521,000,000 rose by 2.59% from the same period last year, which beat the estimate of $21,850,000,000.

The Gap, Inc. (NYSE:GPS -- $26.06) operates as an apparel retail company worldwide. Earnings per share were down 52.83% year over year to $0.25, which missed the estimate of $0.32. Revenue of $3,994,000,000 declined by 0.10% year over year, which beat the estimate of $3,820,000,000.

HP, Inc. (NYSE:HPQ -- $21.19) provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. Earnings per share were down 294.74% over the past year to ($0.74), which beat the estimate of ($0.80). Revenue of $208,267,000 decreased by 67.91% from the same period last year, which beat the estimate of $201,980,000.

Nordstrom, Inc. (NYSE:JWN -- $23.44) provides apparels, shoes, cosmetics, and accessories for women, men, young adults, and children. Earnings per share decreased 72.84% year over year to $0.22, which beat the estimate of ($0.06). Revenue of $3,089,000,000 decreased by 20.22% year over year, which missed the estimate of $3,100,000,000.

VMware, Inc. (NYSE:VMW -- $148.94) provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces. Earnings per share increased 11.41% over the past year to $1.66, which beat the estimate of $1.43. Revenue of $2,864,000,000 higher by 16.61% year over year, which beat the estimate of $2,810,000,000.

Looking ahead to tomorrow, the market will be closed for the day 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). There are no further earnings reports due out this week after the market opens today, and there will be no major economic data released during the half-day trading session on Friday.

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