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Thanksgiving, Black Friday, retail earnings, and FTX’s fallout top week ahead

Investors are heading into a busy but short holiday week after stocks ended on a positive note. 

The Nasdaq, S&P 500, and Dow Jones Industrial Average finished Friday marginally higher but still remain in the red for the calendar year. Financial markets are closed Thanksgiving Thursday and will be followed by a shortened trading session Friday with a 1 pm ET close. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 33745.69 +199.37 +0.59%
SP500 S&P 500 3965.34 +18.78 +0.48%
I:COMP NASDAQ COMPOSITE INDEX 11146.062602 +1.10 +0.01%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days. 

THANKSGIVING TURKEY PRICES WILL HIT A RECORD THIS YEAR, NYC GROCERY CHAIN CEO WARNS

Monday 11/14

JM Smuckers will report earnings before markets open, giving insight into how inflation is affecting its name-brand food prices.  

Ticker Security Last Change Change %
SJM THE J. M. SMUCKER CO. 146.15 +1.59 +1.10%

After the bell investors will be watching earnings for Dell for its insight into PC demand, Urban Outfitters and Zoom which will offer clues into the tug of war between bosses and employees over the continuance of remote work.

Ticker Security Last Change Change %
DELL DELL TECHNOLOGIES INC. 42.04 +0.28 +0.67%
URBN URBAN OUTFITTERS INC. 26.04 +0.62 +2.44%
ZM ZOOM VIDEO COMMUNICATIONS INC. 81.64 -0.95 -1.15%

Tuesday 11/15

Investors will continue to monitor the fallout from crypto trading firm FTX and its founder Sam Bankman-Fried. Tuesday will mark the first legal proceeding on the case in Delaware. 

FTX founder, Sam Bankman-Fried

It is also a big day for clothing retailers, with Abercrombie & Fitch, American Eagle Outfitters, and Burlington reporting earnings before the bell, and Nordstrom after.

Ticker Security Last Change Change %
ANF ABERCROMBIE & FITCH CO. 18.80 +0.21 +1.13%
AEO AMERICAN EAGLE OUTFITTERS INC. 12.93 +0.36 +2.91%
BURL BURLINGTON STORES 157.90 +7.12 +4.72%
JWN NORDSTROM INC. 21.45 +0.36 +1.71%

Dollar Tree, who’s rival Dollar General recently got into trouble for charging more at the register than the prices displayed on shelves, is also reporting before the bell.

Ticker Security Last Change Change %
DLTR DOLLAR TREE INC. 163.36 -0.34 -0.21%

GAS PRICES DIP, COULD DROP MORE AHEAD OF THANKSGIVING WEEK: AAA

Wednesday 11/16

Wednesday the maker of John Deere tractors, Deere & Co, will report before the bell.

Ticker Security Last Change Change %
DE DEERE & CO. 414.75 +1.40 +0.34%

The Federal Reserve will also release the minutes from its October meeting which will hold more clues on the pace and size of future rate hikes. 

Federal Reserve Jerome Powell in a suit w

In other economic news, investors will take in mortgage applications, building permits, durable goods, initial jobless claims, Unniversity of Michigan consumer sentiment index, new home sales, and the Energy Information Administration’s weekly crude stocks.

Thursday 11/3

Financial markets are closed on Thanksgiving Thursday which will bring the annual Macy’s Day parade in New York City. 

Ticker Security Last Change Change %
M MACY’S INC. 22.23 -0.44 -1.94%
Macy's Thanksgiving Day Parade

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Friday 11/18 

On Friday investors will be monitoring retail stocks as the holiday shopping season kicks into high gear. 

Ticker Security Last Change Change %
TGT TARGET CORP. 162.85 +0.76 +0.47%
WMT WALMART INC. 150.22 +2.22 +1.50%

Walmart and Target are among the stores that have already began sales earlier in the month with more deals expected. 

The New York Stock Exchange will have an early close Friday at 1pm ET. 

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