Stock Market Outlook This Week: November 14th – November 18th
Penny stocks generally tend to move independently of daily stock market trends. Thanks to the 2022 stock market crash, however, it has been tough to ignore the historical economic events influencing all public companies. Whether we’re talking about cheap stocks to buy or blue-chip stocks reacting to the latest Fed comments, there’s plenty to make sure you’re paying attention to on a weekly basis.
Earlier this month, mixed messaging from the Federal Reserve and Fed Chair Jerome Powell helped spark a sell-off. But the recent round of October CPI inflation data has helped markets pull an about-face in November. Stocks surged at the end of the week last week. Albeit, some of the bullishness was muted due to rising concerns related to the FTX brokerage meltdown and potential blowback on leveraged accounts. Meanwhile, upcoming economic data this week, including Producer Price Index (PPI data), could move markets.
The Stock Market This Week: Key Economic Data To Know November 14th – November 18th
While PPI data is surely a focus for broad market participants, it isn’t the only thing to account for in the coming days. Retail sales data, multiple country GDP, and CPI data come out, and we’ll also see some attention placed on commodities like oil and natural gas. Some speculate that last week’s CPI inflation data confirmed the stock market bottom was in.
However, there is still another Fed meeting, interest rate hike, and November CPI data report coming in December that could bring some cautious optimism to the market. There are also more earnings results to digest that include 2022 and/or 2023 guidance that could play a role. Against that backdrop, there will be plenty of Fed and global central bank speakers throughout the week.
Stock Market News & Events On Monday, November 14, 2022
Things get started early on Monday with European Central Bank speakers Panetta and Enria making comments. Eurozone industrial production figures come out as well, which will give a glimpse at how September fared. We’ll get the OPEC monthly report around 7 AM ET, with consumer inflation and the Dallas Fed PCE results coming out just after the opening bell.
More central bank commentary will remain a focus just before the lunch hour, with the ECB’s De Guindos and Fed Brainard speaking between 11 and 11:30 AM ET. After the closing bell, during the 6 o’clock hour, Japan’s Q3 GDP could influence post-market trading along with more FOMC commentary being watched closely with Member Williams speaking.
Stock Market News & Events On Tuesday, November 15, 2022
Tuesday will also continue the slew of Eurozone action this week. Third quarter GDP data comes out at 5 AM ET, just a few hours before we see the latest October Producer Price Index and Core PPI results at 8:30 AM ET. Retail activity will be a focus thanks to Redbook results coming out closer to the open and right before the Fed’s Cook and Harker speak. Just after Tuesday’s opening bell, the Fed’s Barr also makes comments, and during lunch, the European Central Bank’s Elderson speaks. Thirty minutes after the market closes, we’ll also get some oil and gas data with the API weekly crude report at 4:30 PM ET.
Stock Market News & Events On Wednesday, November 16, 2022
Wednesday is one of the more active as far as economic events go. UK October PPI, CPI, and Core PPI and CPI data come out around 2 AM ET. Whether that holds weight as U.S. markets open is to be seen but worth noting for companies with international exposure. The ECB’s Fernandez-Bollo speaks around 3:40 AM ET.
Later on, in the premarket session on Wednesday, we’ll see October retail sales and core retail sales for October come out. Then, between 9:15 AM ET and 10 AM ET, there is a slew of central bankers speaking and more global economic data. The Bank of England’s Bailey, FOMC’s Williams, Fed Barr, and ECB President Lagarde will all make comments. Meanwhile, UK inflation hearings and US Industrial Production data come out during that period.
The morning events round out with Crude Inventories at 10:30 AM ET. The Fed’s Waller will then give comments during Wednesday’s mid-afternoon session.
Stock Market News & Events On Thursday, November 17, 2022
Thursday starts seeing things tailor off a bit. Eurozone CPI and Core CPI for October get delivered at 5 AM ET. The UK Autumn Forecast comes out, and the Bank Of England’s Pill speaks at 7:30 AM ET. Closer to the opening bell, US economic data and central banker commentary will be in focus.
Between 8 and 8:30 AM ET, we’ll see October building permits, housing starts, initial & continuing jobless claims, and the Philidelphia Fed manufacturing data for November come out. The FOMC’s Bullard will also give comments. He’s known for his more hawkish tone, but in light of recent events, it will be interesting to see the reaction on Thursday.
The rest of the morning is full of central bankers speaking. FOMC Bowman, Mester, and the Fed’s Jefferson, along with MPC member Tenreyro make comments. Investors will be watching closely to monitor the tone and outlook as it relates to the recent slew of economic and inflation data that gets reported throughout November.
Stock Market News & Events On Friday, November 18, 2022
Friday, we’ll get UK retail sales figures reported for October as well as US existing home sales for October. Other than those economic datasets, ECB President Lagarde, Bank of England’s Mann, MPC member Haskel, and the Fed’s Evans will give comments during the morning session. Rounding out the day will be the latest round of Baker Hughes rig count data to weigh against conditions for oil and gas stocks.
Stock Market Outlook For The Week Ahead: 11/14 to 11/18
There could be more events throughout the week that haven’t been scheduled yet. This is just the broad picture of upcoming events that could move markets this week. Obviously, inflation data will remain a focus, but more central bank commentary could sporadically influence investor sentiment throughout the week.
With more economic data incoming, including the Producer Price Index (PPI data), Retail Sales, Real Estate industry data, and employment data, things can change quickly. It’s time to be proactive so you can be reactive! There’s no crystal ball to make unfounded stock market predictions or trading predictions.
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Notable Earnings In The Stock Market This Week
Monday, November 14, 2022, Most Anticipated Earnings
- Tyson Foods, Inc. (TSN)
- Nu Holdings Ltd. (NU)
- Tower Semiconductor Ltd. (TSEM)
- Rumble Inc. (RUM)
- Getty Images Holdings, Inc. (GETY)
- SEMrush Holdings, Inc. (SEMR)
- SNDL Inc. (SNDL)
- Sohu.com Limited (SOHU)
- FaZe Holdings Inc. (FAZE)
- Oatly (OTLY)
Tuesday, November 15, 2022, Most Anticipated Earnings
- Walmart Inc. (WMT)
- Home Depot, Inc. (HD)
- Sea Limited (SE)
- Advance Auto Parts Inc. (AAP)
- Tencent Music Entertainment Group (TME)
- Valvoline Inc. (VVV)
- Krispy Kreme, Inc. (DNUT)
- IHS Holding Limited (IHS)
- Energizer Holdings, Inc. (ENR)
- Ferroglobe PLC (GSM)
- HUYA Inc. (HUYA)
- Affimed N.V. (AFMD)
- Lulu’s Fashion Lounge Holdings, Inc. (LVLU)
- iSun, Inc. (ISUN)
Wednesday, November 16, 2022, Most Anticipated Earnings
- NVIDIA Corporation (NVDA)
- Cisco Systems, Inc (CSCO)
- Lowe’s Companies, Inc. (LOW)
- TJX Companies, Inc. (TJX)
- Target Corporation (TGT)
- Grab Holdings Limited (GRAB)
- ZIM Integrated Shipping Services Ltd. (ZIM)
- RLX Technology Inc. (RLX)
- Sonos, Inc. (SONO)
Thursday, November 17, 2022, Most Anticipated Earnings
- Alibaba Group Holding Limited (BABA)
- Applied Materials, Inc. (AMAT)
- Palo Alto Networks, Inc. (PANW)
- NetEase, Inc. (NTES)
- Ross Stores, Inc. (ROST)
- Keysight Technologies (KEYS)
- BJ’s Wholesale Club Holdings, Inc. (BJ)
- Dolby Laboratories (DLBY)
- Macy’s Inc (M)
- Post Holdings, Inc. (POST)
- Gap, Inc. (GPS)
- Kohl’s Corporation (KSS)
- Farfetch Limited (FTCH)
- Weibo Corporation (WB)
- Dole plc (DOLE)
- Jumia Technologies (JMIA)
- Destination XL Group (DXLG)
- Gambling.com Group (GAMB)