Your week ahead: Home Depot, Walmart and Alibaba to report earnings ahead of Christmas season


Your financial snapshot for this week

What lies ahead this week? I spotted the key events that could give you insights on the inflation-situation, but also the important company earnings and challenges caused by the pandemic. Take a deep breath, it’s an action-packed November.

Before we jump ahead, first here’s a very small recap of the previous week: We saw investors focusing on inflation hedges, such as gold, value shares, and digital currencies.The effect on the crypto market was noticeable, to say the least. On Tuesday Bitcoin and Ethereum hit a new all-time high, while Cardano surged more than 15% in 24 hours.

Let’s have a look at how the financial week rolls out from Monday to Friday.

Monday November 15

The global shortage in semiconductors is still affecting manufacturers worldwide in ways many of us have never experienced before. Automakers are forced to deliver cars with missing features, PlayStation 5 gaming consoles are scarce, while Apple may end up producing 10 million fewer iPhones in 2021. On Monday Canada will report its Manufacturing Sales numbers for the month of September. Let’s see if the recent gains in the petroleum and coal sector can support a strong reading.

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Tuesday November 16

Do you remember the pandemic “nesting”? It fuelled the sales for companies like Home Depot and Walmart, as consumers’ appetite for home improvement increased.  But how are earnings looking now that many people are fully vaccinated and in many cases no longer needed to work from home? Both Home Depot and Walmart will share their Q3 earnings today. The UK will publish important figures to help us better understand the unemployment situation with its Claimant Count Change, Unemployment Rate and Employment Change figures. Down Under, the Reserve Bank of Australia’s Governor will deliver a speech that could provide important insights about the RBA’s policy against rising inflation.

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Video: GBP/USD Analysis

Wednesday November 17

Inflation has been heating up lately, prompting investors to look for assets that tend to do well when prices pick up. Last Thursday the USD hit a 16-month high after the strongest US inflation reading in over three decades fuelled expectations that the Federal Reserve will hike interest rates next year. October’s consumer price index was described as “scorching” by some media, rising 6.2% year-over-year, higher than the 5.9% expected. But just how serious is the inflation-situation? Today the UK and the EU will share their CPI figures for the month of October so we can get a better picture and Australia will report today its Wage Price Index. Chinese multinational technology company Baidu will also report its quarterly earnings today.


Thursday November 18

Today we’ll hear from the Philly Fed Manufacturing Index. How could it affect the USD?  I am looking forward to news on earnings from tech giants Alibaba and Palo Alto Networks. Following a year of intense scrutiny by the Chinese government, Alibaba’s Singles Day Festival posted record sales last week, which, according to Bloomberg, dwarfed U.S. Black Friday and Cyber Monday. In particular, the company posted sales of 540.3 billion yuan ($84.5 billion). Other earning highlights include Intuit Inc, Macy’s Inc and Ross stores Inc.

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Friday November 19

With the Winter holidays approaching, retail sales are in the spotlight. The UK will share its Retail Sales and Core Retail Sales figures for the month of October, and Canada will report its Retail Sales for the month of September. As the pandemic restrictions continue to ease, more people have been travel, eating out and going for Christmas shopping, increasing consumer spending in October. Popular sneakers retailer Foot Locker Inc will report its quarterly earnings today.

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Best Regards,

The Team