Investors Looking To Durable Goods, New-Home Sales Data As Earnings Season Winds Down

Summary:

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In a holiday-shortened week, investors will look for durable goods data and new home sales data for November. Analysts are expecting a monthly slide of 0.4% for durable goods after a 0.2% advance in October, according to Investing.com. New-homes sales in November are seen coming in at 650K, above the 610K a month earlier, Investing.com showed. Meanwhile, Japan on Thursday will release its consumer price index for October. The consensus on Investing.com is for a 2.5% fall from the month before, even with the September’s print.

The earnings season’s wind down is nearly complete, with no major companies due to report quarter results next week.

Volatility Watch: Galectin Therapeutics (NASDAQ:GALT) and Neumora Therapeutics (NASDAQ:NMRA) head the list of stocks showing high implied volatility based on options trading. The most overbought stocks per their 14-day relative strength index include Nukkleus Inc (NASDAQ:NUKK), Quantum Computing (NASDAQ:QUBT), and Quantum (NASDAQ:QMCO). The most oversold stocks per their 14-day Relative Strength Index include Inovio (NASDAQ:INO), Global Atomic (OTCQX:GLATF), and Nordson (NASDAQ:NDSN). Short interest is elevated on Cassava Sciences (NASDAQ:SAVA) and Hertz Global (NASDAQ:HTZ).

IPO Watch: Decent Holding (DXST) is expected to price its $6.8M initial public offering on Thursday and begin trading on Friday. The IPO lockup periods expire during the week for blocks of shares of Webtoon (NASDAQ:WBTN), Tamboran Resources (NYSE:TBN), LandBridge (NYSE:LB), Alumis (NASDAQ:ALMS), and Lakeside Holding (NASDAQ:LSH).

Dividend Watch: Companies that have an ex-dividend coming next week include Broadcom (NASDAQ:AVGO), Southwest Airlines (NYSE:LUV), GE Aerospace (NYSE:GE), Philip Morris International (NYSE:PM), and Altria Group (NYSE:MO). Read through some of the dividend stock picks from Seeking Alpha analysts.

Investor Events: No major events scheduled.

Editor’s Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.

Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.