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Investors next week will be looking for the November jobs report on Friday, which is expected to show a gain of 183K in non-farm payrolls, up 12K from October, according to Investing.com. The Federal Reserve will also release its latest Beige Book on Wednesday. Meanwhile, the European Union will release retail sales data for October. Analysts are expecting a 1.2% gain over the year before, according to Investing.com.
The earnings season is continuing to slow down, with the number of releases coming to a crawl. The big names scheduled to report include Salesforce (CRM), Marvell Technology (MRVL), Okta (OKTA), Synopsys (SNPS), Hormel Foods (HRL), and Kroger (KR).
Earnings spotlight: Monday, December 2 – Zscaler (ZS) and Credo Technology Group Holding (CRDO). See the full earnings calendar.
Earnings spotlight: Tuesday, December 3 – Salesforce (CRM), Marvell Technology (MRVL), Okta (OKTA), Donaldson Companies (DCI), and Core & Main (CNM). See the full earnings calendar.
Earnings spotlight: Wednesday, December 4 – Synopsys (SNPS), Hormel Foods (HRL), Chewy (CHWY), Dollar Tree (DLTR), and Campbell’s Company (CPB). See the full earnings calendar.
Earnings spotlight: Thursday, December 5 – Kroger (KR), Lululemon Athletica (LULU), Cooper Companies (COO), Brown-Forman (BF.A)(BF.B), DocuSign (DOCU), and Dollar General (DG). See the full earnings calendar.
Volatility Watch: Options trading volume is elevated on Vale (VALE) and Galectic Therapeutics (GALT). The most overbought stocks per their 14-day relative strength index include Super Group (SGHC) and Poseida Therapeutics (PSTX). The most oversold stocks per their 14-day Relative Strength Index
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