Short Week in U.S. Next Week



Economic Lookahead

Existing home sales (Oct.)

Featured Earnings

Zoom Commnications (NASDAQ:ZM) (Q3) EPS projected for 71 cents, compared to 66 cents in the prior-year quarter.

Agilent Technologies Inc. (NYSE:A) (Q4) EPS projected for $1.17, compared to 98 cents in the prior-year quarter.

Keysight Technologies Inc. (NYSE:KEYS) (Q40 EPS projected for $1.51, compared to $1.52 in the prior-year quarter.


Featured Earnings

Ayr Strategies (C.AYR.A) (Q3) EPS projected for loss of five cents, compared to loss of 36 cents in the prior-year quarter.

Steppe Gold Ltd Steppe Gold Ltd (TSX: STGO) (Q3) EPS projected for loss of four cents, compared to a gain of three cents in the prior-year quarter.

Wecommerce Holdings Ltd.(T.WE) (Q3) EPS projected for one cents, compared to breakeven in the prior-year quarter.



Economic Lookahead

Markit Purchasing Managers Index – Manufacturing (Nov.)

Markit PMI – Services (Nov.)

Featured Earnings

Analog Devices Inc.(NASDAQ:ADI) (Q4) EPS … Read more

S&P Points Higher on Tech Strength

The S&P 500 gained in a choppy session after strong earnings results from Nvidia, the world’s largest chipmaker by market value, and various retailers.

The Dow Jones Industrials trailed Wednesday’s close by 60.1 points to end Thursday at 35,870.95, dragged lower by big losses in Cisco shares

The S&P 500 regained 15.87 points to 4,704.54.

The NASDAQ Composite regrouped 72.14 points to 15,993.71.

Trading has been choppy this week with the major averages mostly wavering around the flat line, but the S&P and NASDAQ are still on track for a positive week and are sitting less than 1% from their records. The Dow is 1.8% from its record.

Even with those mixed market moves, company earnings continue to show strength and eventually pushed the major averages higher. Nvidia shares surged 8.3% after the company reported beats on the top and bottom lines and issued a bullish revenue forecast for the … Read more

Retail Earnings Strong, Stocks Not so Much

U.S. stocks took a dip on Wednesday as investors weighed a continuation of strong earnings reports from big-box retailers against lingering inflation concerns.

The Dow Jones Industrials hurtled earthward 211.37 points to 35,931.05 by the closing bell. The Dow was dragged down by a sharp drop in Visa.

The S&P 500 docked 12.23 points to 4,688.67.

The NASDAQ Composite tumbled 52.28 points to 15,921.57.

The S&P 500 and NASDAQ are still higher for the week, however, while the Dow is lagging.

Retail giant Target posted beats on the top and bottom lines, but its CEO noted rising costs may have an impact on the company going forward as it plans to absorb those costs rather than pass them onto the customer. Shares slid about 4.7%.

Home improvement giant Lowe’s saw shares rise 1.2%, however, after the company not only topped estimates from the Street but also raised its full-year sales … Read more