On Tuesday, November 25th, a notable influx of economic data is set to capture attention, beginning with the much-anticipated US retail sales report for September, which had been delayed. Analysts at Cono are predicting a slowing trend in retail sales growth, estimating a 0.4% increase month-over-month. This indicates that while consumer spending continues to rise, it is doing so at a more tempered rate compared to the previous month.
In addition to retail sales figures, earnings reports from major companies will also be unveiled. Noteworthy among these are Dick’s Sporting Goods, Best Buy, and Colts, which will provide insights into consumer behavior and market dynamics. Dell is also scheduled to announce its third-quarter results after the market closes, with analysts anticipating a decrease in AI server sales, projecting figures between $5 billion and $6 billion—down from $8 billion in the previous quarter. However, new orders may experience a resurgence due to significant AI projects associated with Nvidia’s new Blackwell chips.
On the housing front, pending home sales data for October will be released, with expectations of a modest uptick to 0.4%. This slight improvement in the housing market may reflect growing stability and potential future growth opportunities.
As the economic landscape evolves, these reports will be crucial in understanding trends in consumer spending and the overall health of various sectors, presenting a hopeful outlook for gradual recovery and development in the marketplace.