What to Watch in the Day Ahead - Thursday, November 21
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMT
Deere is expected to report a sharp fall in its fourth-quarter profit when it reports results. Investors will be looking for commentary on farm equipment demand and dealer inventories.
The Labor Department's Bureau of Labor Statistics will report initial claims for state unemployment benefits for the week ended Nov. 16 probably climbed to 220,000 from 217,000 in the previous week. The number of people receiving benefits after an initial week of aid, or continuing claims, likely remained unchanged at 1.873 million during the week ending Nov. 2.
Gap is expected to post a rise in third-quarter revenue as turnaround efforts help drive full-price demand for its Old Navy and namesake brands. Investors will watch out for comments on holiday quarter expectations as discretionary spending remains choppy in the United States.
Federal Reserve Bank of Cleveland President Beth Hammack will give welcome remarks and participate in a conversation before the 2024 Financial Stability Conference: Emerging Risks in a Time of Interconnectedness and Innovation, hosted by the Cleveland Fed and the Office of Financial Research. (0845/1345 & 1230/1730) Federal Reserve Bank of Chicago President Austan Goolsbee is scheduled to participate in a moderated question-and-answer session before the Central Indiana Corporate Partnership in Indianapolis. (1225/1725) Federal Reserve Vice Chair for Supervision Michael Barr will participate in a discussion about "Banks and Artificial Intelligence" before the 2024 FinRegLab AI Symposium in Washington. (1640/2140)
Analysts expect Baidu to report a fall in revenue in the September quarter, hurt by macroeconomic pressures on its advertising business. Analysts are also looking for commentary on how it expects to recover.
Statistics Canada will release October producer prices data for the month of October.
TurboTax parent Intuit is expected to report higher first-quarter revenue, helped by steady demand for its financial management tools.
Ross Stores is expected to post a rise in third-quarter revenue, as the off-price retailer benefits from steady demand for discretionary goods from budget-conscious consumers. Investors will watch out for comments on consumer sentiment and the company's expectations for the holiday quarter.
NetApp is expected to report a rise in second-quarter revenue helped by robust demand for its cloud services, as more companies look to streamline vast amounts of data and gain insights.
Mexico's September retail sales data is scheduled for release.
Compiled by Nachiket Tekawade in Bengaluru; Editing by Tasim Zahid
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
