The Week Ahead on Wall Street

The Week Ahead on Wall Street

Economic News

Today, there is no economic data scheduled to be released.

Tomorrow, be on the lookout for the NFIB Small Business Index for November. This data point tracks sentiment among small business owners. The index was 98.2 in October compared to 99.1 in September. That reading was lower than economists’ forecasts. With inflation continuing to rise and a new variant of COVID-19 spreading, investors will be paying close attention to how sentiment among small business owners is faring.

On Wednesday, Federal Reserve Chairman Jerome Powell will hold a press conference after the Fed’s two-day policy meeting. With inflation still rising, the Fed is expected to announce whether it will speed up the pace of tapering its bond-buying program. More clarity about potential interest rate increases will also likely be on the agenda.

On Thursday, initial unemployment claims for the week earlier are released. The number of people filing for first-time unemployment benefits has dropped sharply recently. Last week, initial jobless claims were 184,000, marking a 52-year low. That is in spite of rising cases of the Omicron variant of COVID-19.

On Friday, there is no economic data scheduled to be released.

Earnings Reports

Today, there are no major company earnings scheduled.

Tomorrow, DavidsTea (DTEA) reports quarterly results. The maker of teas and other products recently teamed up with The Glenlivet, a single-malt Scotch whisky brand, to develop a new cocktail. The drink is called the Pumpkin Hot Toddy, and is now available in DavidsTea’s 18 retail stores. Heading toward the holidays, the companies are hoping demand for the drink will be strong.

On Wednesday, The Toro Company (TTC) reports quarterly earnings. The landscaping and irrigation equipment maker recently launched its GrandStand Revolution and ZMaster Revolution electronic commercial lawn mowers, adding to the company’s roster of electric and hybrid landscaping equipment.

Also Wednesday, biotech company Enzo Biochem (ENZ) reports quarterly earnings. This is the first quarterly earnings report for new CEO Hamid Erfanian, who is replacing Elazar Rabbani at the helm of the company. Erfanian is a 28-year veteran of the healthcare market. His appointment, announced in March, sent shares higher at the time.

On Thursday, be on the lookout for Lennar (LEN) to report quarterly results. Shares of the homebuilding company have been climbing ahead of its earnings, with many Wall Street watchers expecting a strong showing for the quarter. The company is benefiting from continued strong demand for homes. Heading toward the winter months, it will be interesting to hear if Lennar expects demand to slow.

Also Thursday, Rivian (RIVN) reports quarterly earnings. The electric truck maker just went public in November with a $100 billion valuation. Investors will be paying close attention to sales when the EV startup, which counts Amazon (AMZN) as a big customer, reports earnings.

The Week Ahead at SoFi

This week, discover practical ways to increase your EI (Emotional Intelligence) quotient, then learn which key roles you need to fill on your financial dream team. Register for these virtual events in the SoFi app!


Things are changing daily within the financial world. Sign up for the SoFi Daily Newsletter to get the latest news updates in your inbox every weekday.

Sign up

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

All your finances.
All in one app.

SoFi QR code, Download now, scan this with your phone’s camera

All your finances.
All in one app.

App Store rating

SoFi iOS App, Download on the App Store SoFi Android App, Get it on Google Play

ABOUT Meg Richardson Meg Richardson is a writer specializing in markets, technology, and personal finance. She loves breaking down seemingly complex ideas and making them readable and interesting for everyone. She holds an MFA in writing from Columbia University. When she is not writing about finance, she enjoys running in Central Park and drawing cartoons.

TLS 1.2 Encrypted
Equal Housing Lender