Find the best online trading platform. Check out our top 5 list!

Click Here

The week ahead for investors November 20, 2023

by 20. Nov 2023 @ 11:45News, The week ahead

Snapshot: The Upcoming Week’s Financial Highlights

As we approach Thanksgiving, this week presents a mix of retail earnings, significant economic updates, and key sales events.

 

Key Takeaways

  • Retail giants like Lowe’s, Best Buy, and Nordstrom, along with tech firms such as Nvidia and Zoom, are set to report earnings.
  • Key economic indicators, including the October Consumer Price Index and existing home sales, will be released.
  • Market watchers eagerly await the FOMC meeting minutes on Tuesday for insights into the Fed’s policy direction.
  • U.S. markets will observe a holiday schedule, closing for Thanksgiving and ending early on Black Friday, marked by major sales events.

Week at a Glance

A holiday-shortened trading week still promises a flurry of activity, with retail earnings, crucial economic data, and Black Friday sales events all in focus.

Monday, November 20

  • Agilent Technologies Inc. (A), Keysight Technologies Inc. (KEYS), Trip.com Group Ltd. (TCOM), Zoom Video Communications Inc. (ZOOM), Symbiotic Inc. (SYM), Legend Biotech Corp. (LEGN), and Full Truck Alliance Co. (YMM) report earnings.
  • Conference Board Leading Economic Index for October.

Tuesday, November 21

  • Earnings from Nvidia Corp. (NVDA), Lowe’s Cos. (LOW), Baidu Inc. (BIDU), HP Inc. (HPQ), Best Buy Co. (BBY), Dick’s Sporting Goods Inc. (DKS), Burlington Stores Inc. (BURL), American Eagle Outfitters, Abercrombie & Fitch Co. (ANF), Kohl’s Corp. (KSS), Nordstrom Inc. (JWN), and BellRing Brands Inc. (BRBR).
  • Chicago Fed National Activity Index and Existing Home Sales for October.
  • FOMC Meeting Minutes release.

Wednesday, November 22

  • Deere & Co. (DE) and GDS Holdings Ltd. (GDS) report earnings.
  • Durable Goods Orders for October and the final Michigan Consumer Sentiment Index for November.

Thursday, November 23

  • U.S. markets closed for Thanksgiving Day.
  • Futu Holdings Ltd. (FUTU) reports earnings.

Friday, November 24

  • U.S. markets close early for Black Friday.
  • Black Friday sales events across major U.S. retailers.
  • H World Group Ltd. (HTHT) reports earnings and the release of S&P Global Composite PMI – Flash Estimate for November.

Summary of Key Financial Events

As we step into a holiday-shortened week, the market’s attention is turned towards the final wave of retail earnings, with giants like Nvidia and Best Buy in the spotlight. Economic updates on consumer sentiment and existing home sales, coupled with the FOMC minutes, will offer deeper insights into the economic landscape. The week concludes with Black Friday, a key indicator of consumer spending and retail health during one of the year’s most critical shopping periods.

Want to compare brokerages? Best place to buy stocks Forex, Commodities, Indices

Top 5 List

Find the best online trading platform in our top 5 ranking list.

Check it out

Market Status

Stocks and Crypto by TradingView

Interested in getting started with investments?
eToro is one of the most famous online trading platforms with over 25 million users, and is ranked at the top of our top 5 stock exchange list. A lot of extra functionality and innovative tools were decisive for them being ranked at the top.

#1Recommended

eToro is the winner in our trading platform test

Benefits

✔ Registered with several Financial Supervisory Authorities.

✔ Low fees.

✔ Is currently the most user-friendly platform in the market. You can open an account and make your first trade in minutes.

✔ Safe and popular exchange with over 25 million registered users.

✔ Offers trading in a wide variety of assets; Stocs, Currencies, Crypto, Commodities, ETFs and indices.

Cons

✗ Inactivity fee of USD 10 if you do not log in within 12 months.

✗ Only ticket support, no phone support.

Visit eToro

Risk warning: {etoroCFDrisk}% of non-professional CFD accounts lose money.

;

See complete ranking list here: Top 3 Online Trading Platforms

Risk Warning:

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Related Articles

Laget for å bli lest på 20 sekunder eller mindre