This Week: Consumer Confidence, Campbell Votes on Loeb Nominees

A handful of major companies release earnings this week. Cloud-based enterprise software maker reports Tuesday after the bell. Tiffany & Co and J.M. Smucker report on Wednesday, and Dollar Tree and HP on Thursday. Campbell Soup also hosts its annual shareholder meeting on Thursday, when shareholders will vote on board nominees put forward by activist investor Daniel Loeb.

The main economic data release this week is The Conference Board’s consumer confidence index for November out on Tuesday. Economists expect a decrease from October’s reading, as stock market volatility may have weighed on some consumers’ optimism over the last month. That’s despite expected continued growth in both personal income and outlays in October. The measures of consumer earning and spending will be released on Thursday.

Here’s what else we’ll be watching this week:

The four-day Credit Suisse Technology, Media and Telecom conference kicks off in Scottsdale, Ariz. IBM,Sprint, and Texas Instruments are a few of the firms expected to attend.

The Reserve Bank of Dallas reports its Texas Manufacturing Outlook for November. Expectations are for a 26.6 reading, down from October’s 29.4.

Bank of Nova Scotia, Eaton Vance, and quarterly results.

UnitedHealth Group hosts its annual investor conference with analysts and institutional investors in New York.

Alaska Air Group hosts an investor day in New York.

The three-day Evercore ISI HealthCONx Conference convenes in Boston. Bluebird bio, Bristol-Myers Squibb, Gilead Sciences, and Pfizer are some of the firms expected to attend.

S&P CoreLogic releases its Case-Shiller 20-City Home Price Index for September. Economists forecast a 0.3% gain after August 0.1% rise.

The Conference Board reports its Consumer Confidence Index for November. Estimates are for a 135.5 reading, down from October’s 137.9.

Box, J.M. Smucker, La-Z-Boy, Royal Bank of Canada, and Tiffany report earnings.

Microsoft hosts its annual shareholders meeting in Bellevue, Wash.

Federal Reserve Chairman Jerome Powell speaks at the Economic Club of New York.

The Census Bureau releases new-home sales data for October. Expectations are for a 580,000 seasonally adjusted annual rate, up from September’s 553,000. The median sales price was $320,000 in September.

Canadian Imperial Bank of Commerce, Dollar Tree, HP Inc., Palo Alto Networks, Toronto-Dominion Bank, VMware, and Workday release quarterly results.

The Federal Open Market Committee releases the minutes from its early-November meeting.

AT&T hosts an analyst meeting in New York.

Quest Diagnostics hosts its 2018 investor day.

The National Association of Realtors reports pending home sales data for October. Economists forecast a 0.5% rise, level with September’s gain.

The Bureau of Economic Analysis releases its Personal Income and Outlays report for October. Personal income is seen jumping 0.4% after ticking up 0.2% in September. Personal spending is also expected to rise 0.4%, the same as in September.

Apparel maker PVH hosts a conference call to discuss third-quarter results.

The Institute for Supply Management releases its Chicago Purchasing Managers’ Index for November. Estimates are for a 58 reading, roughly in line with October. A reading above 50 indicates expansion of the manufacturing sector.

Write to Nicholas Jasinski at

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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