Market outlook this week: November 14-18
penny stocks generally tend to move independently of daily stock market trends. However, thanks to the stock market crash of 2022, it has been difficult to ignore historical economic events that influence all public companies. From cheap stocks to buy to blue-chip stocks reacting to the latest Fed comments, there’s plenty to make sure you pay attention every week.
Earlier this month, mixed messages from the Federal Reserve and Fed Chairman Jerome Powell helped spark a selloff. But the recent round of October CPI inflation data helped markets turn around in November. Stocks surged at the end of the week last week. Although some of the uptrend has been muted due to growing concerns over the collapse of FTX brokerage and the potential return on leveraged accounts. Meanwhile, the economic data coming this week, including the Producer Price Index (PPI data), could move the markets.
The stock market this week: key economic data to know from November 14 to November 18
While PPI data is certainly top of mind for major market players, it’s not the only thing to consider in the coming days. Retail sales data, multiple countries’ GDP and CPI data are coming out, and we’ll also see some focus on commodities like oil and natural gas. Some believe that last week’s CPI inflation data confirmed that the bottom of the stock market has been reached.
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However, there is yet another Fed meeting, an interest rate hike and a November CPI data report to come in December that could bring some cautious optimism to the market. There are also more earnings results to digest which include forecasts for 2022 and/or 2023 which could play a part. Against this backdrop, there will be many speakers from the Fed and global central banks throughout the week.
Stock market news and events Monday, November 14, 2022
Things start early Monday with comments from European Central Bank speakers Panetta and Enria. Eurozone industrial production figures are also out, which will provide insight into September’s performance. We’ll have the monthly OPEC report around 7 a.m. ET, with Consumer Inflation and Dallas Fed PCE results coming out just after the opening bell.
More central bank commentary will remain in focus just before lunchtime, with De Guindos and the ECB’s Fed Brainard speaking between 11am and 11:30am ET. After the closing bell at 6 a.m., Japan’s third-quarter GDP could influence post-trade trading, along with other FOMC comments watched closely by Fellow Williams.
Stock market news and events Tuesday, November 15, 2022
Tuesday will also continue the flurry of Eurozone stocks this week. Third-quarter GDP data is released at 5 a.m. ET, just hours before we see the latest October Producer Price Index and Core PPI results at 8:30 a.m. ET. Retail activity will be in focus as Redbook results will be released closer to the open and just before the Fed’s Cook and Harker speak. Just after Tuesday’s opening bell, the Fed’s Barr also comments, and during lunch, the European Central Bank’s Elderson speaks. Thirty minutes after the market closes, we will also get oil and gas data with the weekly API crude report at 4:30 p.m. ET.
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Stock market news and events Wednesday, November 16, 2022
Wednesday is one of the busiest when it comes to economic events. UK October PPI, CPI and Core PPI and CPI data is released around 2am ET. It remains to be seen whether this has any weight as US markets open up, but it’s worth noting for companies with international exposure. The ECB’s Fernandez-Bollo speaks around 3:40 a.m. ET.
Later, in Wednesday’s premarket session, we’ll see October Retail Sales and Core Retail Sales for October come out. Then, between 9:15 a.m. ET and 10 a.m. ET, there is a large number of central bankers speaking and more global economic data. Bank of England’s Bailey, FOMC’s Williams, Fed Barr and ECB President Lagarde will all comment. Meanwhile, UK inflation hearings and US industrial production data are released during this period.
Morning events conclude with rough inventories at 10:30 a.m. ET. The Fed’s Waller will then comment during Wednesday’s mid-afternoon session.
Stock market news and events Thursday, November 17, 2022
Thursday is starting to see things adjust a bit. The Eurozone CPI and Core CPI for October are delivered at 5 a.m. ET. The UK autumn forecast is out and the Bank of England pill talk at 7.30am ET. Closer to the opening bell, US economic data and comments from central bankers will be in focus.
Between 8 and 8:30 a.m. ET, we’ll see October’s building permits, housing starts, initial and continuing unemployment claims, and Philadelphia Fed manufacturing data for November. FOMC’s Bullard will also comment. He is known for his more hawkish tone, but in light of recent events, it will be interesting to see the reaction on Thursday.
The rest of the morning is filled with talking central bankers. FOMC Bowman, Fed’s Mester and Jefferson, as well as MPC member Tenreyro, comment. Investors will be watching closely the tone and outlook for the recent slew of economic and inflation data released throughout November.
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Stock market news and events Friday, November 18, 2022
On Friday we will get UK retail sales figures for October as well as US existing home sales for October. Besides these economic data sets, ECB President Lagarde, Mann of the Bank of England, MPC member Haskel and Evans of the Fed will make comments during the morning session. The day will be rounded out with the latest set of data on the number of Baker Hughes rigs to weigh against oil and gas inventory conditions.
Market outlook for the week ahead: 11/14 to 11/18
There might be more events throughout the week that haven’t been scheduled yet. This is just an overview of upcoming events that could move the markets this week. Clearly, inflation data will remain the focus, but more central bank commentary could sporadically influence investor sentiment throughout the week.
With more economic data coming in, including the Producer Price Index (PPI data), retail sales, housing sector data and employment data, things can change quickly. It’s time to be proactive so you can be reactive! There is no crystal ball for making unfounded stock market predictions or trading predictions.
It’s time to firmly establish your trading strategy, and for this week in the market you should prepare your trading game plan, not try to “bet” on an outcome before it happens! True Trading Group is here to help you do just that!
Thanks to the volatility of the stock market in 2022, every trader and investor asks the same questions:
- What happens next in the stock market?
- Is this the bottom of the stock market for 2022?
- Is it time to sell Bitcoin, Ethereum and other cryptocurrencies?
- How should you invest money in your long-term portfolio?
- What stock market news this week will move the market next?
- How can I make money trading the stock market?
- What are the best stocks to buy now?
The fact is that professionals do not “play” a stock market game! They are strategically positioning themselves to take advantage of the opportunity to make money by trading every day the exchange opens at 9:30 a.m. ET. It is not with a specific stock market indicator or magic stock market analysis.
If you’ve ever wondered how to start investing in the stock market, how does the stock market work, wondered “is this a stock market for beginners” or just wondered how to start investing in stocks for the long term, it’s time to pay attention.
Find out live when you tune in to True Trading Group’s stock market live stream tonight on YouTube and get ready to learn, trade and profit!
Notable gains in the stock market this week
Monday, November 14, 2022, most anticipated gains
- Tyson Foods, Inc. (TSN)
- Nu Holdings Ltd. (NAKED)
- Tower Semiconductor Ltd. (TSEM)
- Rumble Inc. (RUM)
- Getty Images Holdings, Inc. (GETY)
- SEMrush Holdings, Inc. (SEMR)
- SNDL Inc. (SNDL)
- Sohu.com Limited (SOHU)
- FaZe Holdings Inc. (FAZE)
- Oats (OTLY)
Tuesday, November 15, 2022, most anticipated earnings
- Walmart Inc. (WMT)
- The Home Depot, Inc. (HD)
- Sea Limited (SE)
- Advance Auto Parts Inc. (AAP)
- Tencent Music Entertainment Group (TME)
- Valvoline Inc. (VVV)
- Krispy Kreme, Inc. (DNUT)
- IHS Holding Limited (IHS)
- Energizer Holdings, Inc. (ENR)
- Ferroglobe PLC (GSM)
- HUYA Inc. (HUYA)
- Affimed SA (AFMD)
- Lulu’s Fashion Lounge Holdings, Inc. (LVLU)
- iSun, Inc. (ISUN)
Wednesday, November 16, 2022, most anticipated gains
- NVIDIA Corporation (NVDA)
- Cisco Systems, Inc (CSCO)
- Lowe’s Companies, Inc. (LOW)
- TJX Companies, Inc. (TJX)
- Target company (TGT)
- Grab Holdings Limited (GRAB)
- ZIM Integrated Shipping Services Ltd. (ZIM)
- RLX Technology Inc. (RLX)
- Sonos, Inc. (SONO)
Thursday, November 17, 2022, most anticipated gains
- Alibaba Group Holding Limited (BABA)
- Applied Materials, Inc. (AMAT)
- Palo Alto Networks, Inc. (PANW)
- NetEase, Inc. (NTES)
- Ross Stores, Inc. (ROST)
- Keysight Technologies (KEYS)
- BJ’s Wholesale Club Holdings, Inc. (BJ)
- Dolby Laboratories (DLBY)
- Macy’s Inc (M)
- Post Holdings, Inc. (POST)
- Gap, Inc. (GPS)
- Kohls Corporation (KSS)
- Farfetch Limited (FTCH)
- Weibo Corporation (BM)
- Dole plc (DOLE)
- Jumia Technologies (JMIA)
- Destination Group XL (DXLG)
- Gambling.com Group (GAMB)
Friday, November 18, 2022, most anticipated gains
- JD.com, Inc. (JD)
- Foot Locker, Inc. (FL)
- Buckle, Inc. (BKE)
- Twist Bioscience Corporation (TWST)
- Spectrum Brands Holdings, Inc. (SPB)
- Atkore Inc (ATKR)