The Federal Reserve’s preferred inflation measure and a handful of major earnings reports will be this week’s highlights.
Zscaler
reports on Monday, followed by a busy Tuesday:
Intuit,
Hewlett Packard Enterprise,
CrowdStrike,
and
VMware
will all publish results.
Snowflake,
Okta,
Dollar Tree,
and
Foot Locker
will report on Wednesday. On Thursday,
Salesforce,
Ulta Beauty,
Dell Technologies,
and
Kroger
will announce results.
The Bureau of Labor Statistics will release personal income and expenditures data on Thursday. That report will include the core personal-consumption expenditures price index for October, which is the Fed’s preferred inflation measure. It is expected to be up 3.5% from a year earlier, versus an increase of 3.7% in the year through September.
Other economic data out this week will include the Census Bureau’s new-home sales data on Monday, S&P CoreLogic’s Case-Shiller National Home Price Index for September and the Conference Board’s Consumer Confidence Index for November on Tuesday, and the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for November on Friday.
Monday, 11/27
Zscaler announces results.
The Census Bureau reports new-home sales data. Sales of newly constructed single-family homes are expected to decline to a seasonally adjusted annual rate of 700,000 in October, from 759,000 in September.
Tuesday, 11/28
S&P CoreLogic releases its Case-Shiller National Home Price Index for September. Consensus calls for a 4.2% year-over-year jump, compared with a 2.2% rise in August.
Intuit, Hewlett Packard Enterprise, Workday, CrowdStrike,
NetApp,
VMware, and
Splunk
publish quarterly results.
The Conference Board releases its Consumer Confidence Index for November.
Wednesday, 11/29
Snowflake,
Synopsys,
Okta,
Pure Storage,
Dollar Tree,
Five Below,
Foot Locker, and
Victoria’s Secret
release earnings reports.
The Bureau of Economic Analysis releases its second estimate of gross domestic product growth for the third quarter. The previous estimate was for third-quarter GDP to have grown at a seasonally adjusted annual rate of 4.9%.
Thursday, 11/30
The Bureau of Labor Statistics releases the core personal-consumption expenditures price index for October. This gauge excludes volatile food and energy prices and is the Federal Reserve’s preferred inflation measure. The index is forecast to rise 3.5% year over year, a decline from September’s 3.7% rise.
Salesforce announces third-quarter results after the close. Wall Street expects the company to report $2.06 in earnings per share on sales of $8.7 billion. Shares are up 70% this year.
Ulta Beauty’s quarterly results, due out after the market close, will offer investors a look at how much people are spending on discretionary items in this economy. Ulta was a Barron’s stock pick in February.
Dell,
Marvell Technology,
Samsara,
UiPath,
and Kroger also announce results.
Friday, 12/1
The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for November.
Write to Nicholas Jasinski at nicholas.jasinski@barrons.com
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