Investing.com | Editor Ambhini Aishwarya
Published Nov 27, 2023 01:12AM ET
This week, investors are bracing for a slew of economic data and corporate earnings reports that could provide insights into the health of the US economy and the performance of several high-profile companies.
On Monday, the market is gearing up for Zscaler (NASDAQ:ZS)’s earnings release, with keen interest in how the cybersecurity firm has performed. Additionally, housing market observers will be looking at the Census Bureau’s forecast, which predicts a decline in new-home sales to a rate of 700,000 in October.
The following day, Tuesday, attention turns to Intuit (NASDAQ:INTU) and Hewlett Packard Enterprise (NYSE:HPE) among others, as they are set to announce their earnings. Adding to the economic picture, the S&P CoreLogic is expected to report a 4.2% rise in the Home Price Index, while the Conference Board’s Consumer Confidence Index is also due, offering a glimpse into consumer sentiment amid ongoing economic challenges.
Midweek on Wednesday, the spotlight shifts to Snowflake (NYSE:SNOW) and Victoria’s Secret as they are among the companies slated for earnings announcements. Adding to this, the Bureau of Economic Analysis is scheduled to release its second estimate for Q3 GDP growth, providing another critical measure of economic activity.
On Thursday, investors will be watching for the Core PCE price index for October, which is projected to show a 3.5% increase when excluding food and energy costs. Salesforce (NYSE:CRM) is expected to draw particular interest after an impressive 70% surge in shares this year; it anticipates reporting Q3 earnings per share (EPS) of $2.06 on sales of $8.7 billion. Ulta Beauty (NASDAQ:ULTA) is also set for its earnings announcement after being spotlighted as a Barron’s pick earlier in February. The day will also see reports from other notable companies like Dell (NYSE:DELL) and Kroger (NYSE:KR).
Closing out the week on Friday, the Institute for Supply Management is set to publish the November Manufacturing PMI, which will offer yet another dimension to the current economic landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Written By: Investing.com
