Disney, NVIDIA Join Retailers at the Earnings Plate

By Karee Venema / November 02, 2017 / www.schaeffersresearch.com / Article Link

Following this week's onslaught of economic data -- and hints of a potential December rate hike from the Fed -- next week's docket looks relatively bare, with Friday's consumer sentiment data one of just a few reports on the list. However, there's plenty of action on the corporate earnings front to hold Wall Street's attention. Semiconductor stocks will continue to be in focus, with a handful of high-profile chipmakers, including NVIDIA Corporation (NASDAQ:NVDA), scheduled to report.

Meanwhile, retail earnings start to heat up, with sector heavyweights Macy's Inc (NYSE:M) and Michael Kors Holdings Ltd (NYSE:KORS) headlining a busy slate, while results from Dow component Walt Disney Co (NYSE:DIS) are also due. Roku Inc (NASDAQ:ROKU) could also garner some attention, with the streaming name expected to take its first turn in the earnings confessional as a publicly traded company.

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

While the economic calendar is bare on Monday, Nov. 6, New York Fed President William Dudley is scheduled to speak at midday. On the earnings front, AMC Networks (AMC), Avis Budget Group (CAR), Cardinal Health (CAH), CVS Health (CVS), Etsy (ETSY), GoDaddy (GDDY), Michael Kors (KORS), Microchip Technology (MCHP), Mylan (MYL), Priceline (PCLN), Skyworks Solutions (SWKS), Sysco (SYY), Tenet Healthcare (THC), TripAdvisor (TRIP), TrueCar (TRUE), and Weight Watchers International (WTW) are set to report.

On Tuesday, Nov. 7 -- Election Day in the U.S. -- Wall Street will hear the Labor Department's latest Job Openings and Labor Turnover Survey (JOLTS). Crocs (CROX), Dean Foods (DF), Dish Network (DISH), Fossil Group (FOSL), Hain Celestial (HAIN), Halozyme Therapeutics (HALO), LendingClub (LC), Myriad Genetics (MYGN), Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), SeaWorld (SEAS), Snap (SNAP), Take-Two Interactive (TTWO), Valeant Pharmaceuticals (VRX), and Zillow Group (ZG) will report earnings.

The weekly crude inventories update is the sole data point on Wednesday, Nov. 8. Aerie Pharmaceuticals (AERI), Amicus Therapeutics (FOLD), Canadian Solar (CSIQ), CoreCivic (CXW), e.l.f. Beauty (ELF), Humana (HUM), MGM Resorts International (MGM), Monster Beverage (MNST), Plug Power (PLUG), Roku (ROKU), Square (SQ), Twenty-First Century Fox (FOXA), Twilio (TWLO), and Wendy's (WEN) will step up to the earnings plate.

Weekly jobless claims will be released ahead of the opening bell on Thursday, Nov. 9, while the Fed's balance sheet is due after the close. Walt Disney (DIS), Coty (COTY), Dillard's (DDS), D. R. Horton (DHI), Hertz Global (HTZ), Kohl's (KSS), Macy's (M), Nordstrom (JWN), Nvidia (NVDA), Office Depot (ODP), Puma Biotechnology (PBYI), Zoe's Kitchen (ZOES) will unveil their quarterly results.

The University of Michigan's consumer sentiment survey and the Treasury budget will be released on Friday, Nov. 10. J C Penney (JCP) will close out a busy week of earnings reports.

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