Superstock Investor
Member Login   RSS ->
James DiGeorgia, Mr. Macro
- Chief Editor -
Mr. Macro
Geoff Garbacz, Mr. Micro
- Chief Strategist -
Mr. Micro
Dan Hassey, Mr. Retirement
- Senior Stock Analyst -
Mr. Retirement
Superstock Investor


[Printable Version of This Page]

Morning Matters:

The Week Ahead
by Geoff Garbacz

November 30, 2020

The S&P 500 and NASDAQ 100, Russell 2000 and Dow Jones Industrial Average were higher for the week.

1.Geopolitical and Fiscal Events. Tuesday sees Federal Reserve Chairman Powell testifies before the Senate Banking Committee. Wednesday the Federal Reserve releases its latest Beige Book.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as Chicago PMI, pending home sales, ISM Manufacturing Index, construction spending, ADP Employment Index, non-manufacturing index, nonfarm payrolls, unemployment rate and factory orders.

3.Earnings Releases. Notable releases this upcoming week included ZM ATHM CRM BNS RY SNOW TD DG BIG GCO.

Monday, November 30 November Chicago PMI is due out at 9:45 a.m. EST and is expected to come in at 58.1% from 61.1%.

October Pending Home Sales is due out at 10:00 a.m. EST and is expected to come in at 1.0% from -2.2%.

Tuesday, December 1

November ISM Manufacturing Index is due out at 10:00 a.m. EST and is expected to fall to 58% from 59.3%.

October Construction Spending is due out also at 10:00 a.m. EST and is expected to rise to 0.7% from 0.3%.

Federal Reserve Chairman Jerome Powell will testify before the Senate Banking Committee.

Wednesday, December 2

November ADP Employment Index is due out at 8:15 a.m. EST and is expected to fall to 360,000 from 365,000.

The latest Federal Reserve Beige Book is out at 2:00 p.m. EST.

Thursday, December 3

November Non-Manufacturing Index is due out at 10:00 a.m. EST and is expected to fall to 56.3% from 56.6%.

Friday, December 4

November Nonfarm Payrolls is due out at 8:30 a.m. EST and is expected to rise to 650,000 from 638,000. The unemployment rate is expected to stay at 6.9%.

October Factory Orders are due out at 10:00 a.m. EST and is expected to fall to 0.8 % from1.1%.

Morning Matters Archives

FREE SERVICES

Morning Briefing

Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!

SUBSCRIBER SERVICES

Superstock Investor Newsletter

Published once a month. Get the big picture, what happened last month and predictions for the month ahead.

Investors Edge

Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:

  • Phil Erlanger
  • Tom McClellian
  • Mohan
  • Geoff Garbacz
  • Steve Weintz

Get access to information from publications like:

  • The Kiplinger Letter
  • The Agile Trader
  • McClellan Market Report
  • Gold and Energy Options Trader
  • Mohan's Market Force

***

Not a Subscriber?

[Superstock Investor Newsletter]

Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..