Day Ahead – Top 3 Things to Watch

This post was originally published on this site

© Reuters. © Reuters.

Investing.com – Here are the three things that could rock the markets tomorrow.

1. Dollar General, Kroger to Issue Results

Retail leads the way with the earnings reports ahead of the bell tomorrow, from the biggest of discounters to the swankiest of brands.

Dollar General (NYSE:) will report fiscal third-quarter earnings, with expectations for a of $1.38 per share on sales of about $6.9 billion, according to forecasts compiled by Investing.com.

Comparable sales are forecast to rise 3.2% for the period, up from a rise of 2.8% in same quarter a year ago, according to Briefing.com.

The shares are off 1.2% this year, in part because of the impact of tariffs on Chinese imports.

Supermarket chain Kroger (NYSE:) will issues numbers as well. Analysts are predicting a of 49 cents per share on sales of $28.15 billion. A year ago, Kroger earned 48 cents on sales of $27.7 billion.

Deutsche Bank (DE:) upgraded the stock last month to hold from sell, saying it expects digital initiatives to gain traction. The shares are up 0.5% this year.

Luxury jeweler Tiffany & Co (NYSE:) will also report earnings tomorrow, but there will be little stock movement after the its deal to be acquired by LVMH for $135 per share, or about $16.2 billion.

2. Job Cuts, Claims Arrive Ahead of Payrolls

A couple more employment indicators arrive before the big U.S. on Friday.

Outplacement company Challenger, Gray & Christmas issues its for November at 7:30 AM ET (12:30 GMT).

Challenger reported layoffs of 50,275 for October.

At 8:30 AM ET, the weekly initial jobless claims report arrives.

Economists predict that for first-time unemployment benefits ticked up to 215,000 from 213,000 the week before.

3. Factory Orders Also on Tap

Also on the economic calendar, the Commerce Department will issues numbers on factory orders for October at 10:00 AM ET (15:00 GMT).

are expected to rebound with a rise of 0.3% for October from a drop of 0.6% the month before.

In addition, Federal Reserve Vice Chairman will speak again at 10:00 AM ET.

Today Quarles told the House of Representatives Financial Services Committee that the Fed may have in the overnight lending markets.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment