Wall Street Greek: Thanksgiving Week Business Schedule

The week ahead will be an abbreviated one for Wall Street due to the Thanks- giving Day Holiday, but that only serves to pack in a week’s worth of economic data into a shorter time span. The stock market closes for Thursday’s events before reopening for a half-day session on Friday. For the life of me, I never understood why Friday is not a national holiday as well. Domestic economic data concludes the week on Wednesday and corporate earnings reports run only through Tuesday this week.

Turkey Anyone?

Index ETF	Week Ending Nov. 22	Year-to-Date
SPDR S&P 500 (NYSE: SPY)	+0.4%	+27.0%
SPDR Dow Jones (NYSE: DIA)	+0.7%	+22.9%
PowerShares QQQ (Nasdaq: QQQ)	+0.0%	+29.0%

The week that was had stocks just edging higher as Janet Yellen’s helpful words faded into history and investors began to again note important economic data. This week is likely to have investors playing cautiously, because nobody likes to carry risk over a long weekend these days. I certainly would not after the new nuke deal signed with Iran seems to have Israel poised to go it alone against its enemy.

Economic Events

THIS WEEK’S ECONOMIC REPORT SCHEDULE
Economic Data Point	Prior	Expected	Actual
MONDAY
Pending Home Sales (Oct.)	-4.6%	+1.1%	-0.6%
Texas Manufacturing Survey (Nov.)	3.6	5.0	1.9
BOJ’s Kuroda Speaks
Bankruptcy Court Hears Merger of American & US Airways
Argentine Markets Closed
TUESDAY
Housing Starts (Oct.)	891K	905K
-Permits	918K	930K
S&P Case Shiller HPI (Sep M/M)	0.9%	0.9%
FHFA House Price Index	0.3%	0.4%
Consumer Confidence	71.2	72.9
ICSC Weekly Store Sales	0.1%
-Year-to-Year Pace	2.8%
Redbook Store Sales	3.5%
Richmond Fed Mfg. Index	1	4
Investor Confidence Index	101.3
Portugal Votes on 2014 Austerity
WEDNESDAY
Durable Goods Orders	3.7%	-2.0%
-Ex-Transportation	-0.1%	0.4%
Chicago Fed National Activity	0.14	0.20
Chicago PMI	65.9	60.5
Consumer Sentiment	72.0	73.3
Leading Indicators	0.7%	0.1%
Bloomberg Consumer Comfort	-33.9	-34.6
Weekly Jobless Claims	323K	330K
Mortgage Activity	-2.3%
EIA Petroleum Status
-Crude Oil Inventory	0.4 M
-Gasoline Inventory	-0.3 M
EIA Natural Gas Report	-45 Bcf
Farm Prices (Nov)	+0.5%
THANKSGIVING DAY
US Markets Closed
World Economic Forum Roundtable in Spain
FRIDAY
US Equity Markets Close at 1PM
SIFMA Rec. Close 2PM
Black Friday Shopping Discounts

The economic report schedule is packed through Wednesday, as all the week’s data is piled up to free up Thursday and Friday for thankful thoughts, alms giving, feasting, TV and parade watching and shopping. My old crew gave up its turkey day football game tradition years ago unfortunately, so my brother and I will not be coming to dinner muddied up this year mom. It will be a messy Thanksgiving, thanks to a terrible storm that has the west covered in snow; that same storm will rain out the Northeast on the busiest travel day of the year this Wednesday. Fortunately for retailers, the storm will not affect Black Friday shopping.

We’ll get some early feedback from the stores over the course of the weekend, giving economists some signal as to the wherewithal of consumers. The week also provides two of the monthly measures of consumer sentiment, with the Conference Board and the Reuters/Michigan surveys due for publishing. Each is expected to show improvement.

Generally, a positive trend is expected for a good portion of the week’s economic data. Though, the week began with disappointment, as Monday’s news offered lower than expected housing starts and a softer Texas Manufacturing Survey. By the close of the week, things are also expected to deteriorate, with a softer Chicago PMI data point and a nearly negative Leading Economic Indicators figure. Who would go long into the long weekend with that sort of outlook?

Corporate Events

It’s a short EPS list this holiday week. See the full list below.

HIGHLIGHTED EPS REPORTS
Company	Ticker
MONDAY
Nuance Communications	Nasdaq: NUAN
Wet Seal	Nasdaq: WTSLA
Fifth Street Finance	Nasdaq: FSC
Analog Devices	Nasdaq: ADI
TUESDAY
LTX-Credence	Nasdaq: LTXC
Citi Trends	Nasdaq: CTRN
Zale	NYSE: ZLC
Chico’s FAS	NYSE: CHS
TiVo	Nasdaq: TIVO
Eaton Vance	NYSE: EV
Fred’s	Nasdaq: FRED
QAD Inc.	Nasdaq: QADB
WEDNESDAY
No Reports
THURSDAY
Thanksgiving Day
FRIDAY
No Reports
Saturday: Vista Gold	AMEX: VGZ

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.