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Salesforce, Hewlett Packard, Dollar General, Crowdstrike, and Other Stocks to Watch This Week

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Well-rested from the holiday-shortened week, investors will get another helping of earnings reports and economic indicators this week.

Crowdstrike Holdings,
Hewlett Packard Enterprise, and
Intuit
will kick things off on Tuesday, while
Emerson Electric
and
UnitedHealth Group
will hold investor meetings. Wednesday will see earnings from
Salesforce
and
Synopsys,
followed by
Dollar General,

Kroger,

Marvell Technology,
and
Ulta Beauty
on Thursday.

On the economic front, S&P CoreLogic will post the Case-Shiller National Home Prices Index for September on Tuesday. Economists forecast home prices increased 10.4% year over year, a slowdown from a 13% increase in August. And the Conference Board will release its Consumer Confidence Index for November.

It’s also a week for employment numbers, with the Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics and the November National Employment report from
ADP
on Wednesday. The Bureau of Economic Analysis will post personal income and expenditures for October on Thursday.

The November jobs report will close out the week on Friday. The consensus estimate is for nonfarm payrolls to rise by 220,000 and the unemployment rate to remain unchanged, at 3.7%.

Monday 11/28

The Federal Reserve Bank of Dallas releases the Texas Manufacturing Outlook Survey for November. The consensus estimate is for a negative 12 reading, about seven points better than in October. The index has had negative readings for six consecutive months, suggesting contraction in the region’s manufacturing sector.

Tuesday 11/29

Bank of Nova Scotia,
CrowdStrike Holdings, Hewlett Packard Enterprise, Intuit, and NetApp release quarterly results.

Emerson Electric and UnitedHealth Group hold investor meetings in New York.

S&P CoreLogic releases its Case-Shiller National Home Price Index for September. Economists forecast that home prices increased 10.4%, year over year, following a 13% jump in August. Home price growth has decelerated sharply amid surging mortgage rates and faltering demand. The months of February through May of this year all saw gains of at least 20%.

The Conference Board releases its Consumer Confidence Index for November. Expectations are for a 99 reading, 3.5 points fewer than in October.

Wednesday 11/30

The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Economists forecast 10.5 million job openings on the last business day of October, about 200,000 fewer than in September.

Hormel Foods,
Royal Bank of Canada, Salesforce, and Synopsys announce earnings.

The Institute for Supply Management releases the Chicago Business Barometer for November. The report is expected to show about a two-point gain, to 47.3 from October’s 45.2 reading. The index has had two straight months of readings below 50, indicating a shrinking economy.

ADP releases its National Employment Report for November. Expectations are that the economy added 180,000 private-sector jobs, after an increase of 239,000 previously.

Thursday 12/1

Bank of Montreal,

Canadian Imperial Bank of Commerce,
Dollar General, Kroger, Marvell Technology,
Toronto-Dominion Bank,
and Ulta Beauty hold conference calls to discuss quarterly results.

The BEA reports personal income and expenditures for October. Income is believed to have risen 0.4%, month over month, while spending is seen up 0.7%. This compares with gains of 0.4% and 0.6%, respectively, in September. The Fed’s favored inflation gauge, the core personal consumption expenditures price index, is forecast to have jumped 5%, year over year, slightly lower than September’s 5.1%.

Friday 12/2

The BLS releases the jobs report for November. The consensus estimate is that nonfarm payrolls increased by 220,000, 41,000 fewer than in October. The unemployment rate is seen remaining unchanged at a historically low 3.7%.

Write to Connor Smith at connor.smith@barrons.com

Credit: marketwatch.com

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