Earnings & Policy Spotlight: Nov 24–28, 2025 — Earnings, Macro, and SNAP Benefits Status

Updated: Nov 23, 2025

📅 Calendar (Nov 24–28)

Mon

Nov 24

Agilent Technologies

A · call 8:30 a.m. ET (est)

BMO

Zoom Communications

ZM · call 4:30 p.m. ET (est)

AMC

Times/estimates subject to change — verify on IR pages.

Tue

Nov 25

Best Buy

BBY · est EPS ~$1.31; rev ~$9.59B

BMO

Dell Technologies

DELL · est EPS ~$2.48; rev ~$27.3B

BMO

Wed

Nov 26

Deere & Company

DE · est release before market open

BMO

Thu

Nov 27

Market Holiday – Thanksgiving

U.S. equities closed; limited earnings.

Fri

Nov 28

Alibaba Group

BABA · est post-market close

AMC

🔎 Consensus & Watch Items

Deere & Company (DE) — Wed, Nov 26 (BMO)

Watch: Sales commentary for agriculture & construction; global supply chain impact.

Best Buy (BBY) — Tue, Nov 25 (BMO)

Street: EPS ≈ $1.31; Revenue ≈ $9.59 B.

Dell Technologies (DELL) — Tue, Nov 25 (BMO)

Street: EPS ≈ $2.48; Revenue ≈ $27.3 B.

🏛️ Macro & Policy — Week at a Glance

When (ET)	Release / Event	Why it matters
Tue, Nov 25 · 10:00	Consumer Confidence Index (Nov, prelim)	Sentiment ahead of holiday sales; wiring into consumer spending outlook. :contentReference[oaicite:0]{index=0}
Wed, Nov 26 · 08:30	GDP (Q3 second estimate) & Corporate Profits (prelim)	Backlog of growth and profitability amid shutdown disruptions; market savvy for rate path. :contentReference[oaicite:1]{index=1}
Wed, Nov 26 · 10:00	PCE Price Index (Sept) / Core PCE (Sept)	Fed’s preferred inflation gauge; guides interest-rate expectations. :contentReference[oaicite:2]{index=2}
Thu, Nov 27	U.S. Holiday – Thanksgiving (markets closed)	Shortened week; expect thin liquidity and muted news flow.
Fri, Nov 28 · 08:30	Retail Sales (Sept, delayed) & Use of Contingency Funds Update (US food benefits)	Holiday spending kickoff + policy risk around spending/benefits. :contentReference[oaicite:3]{index=3}

🥗 SNAP Benefits — Where Things Stand (Week of Nov 24–28, 2025)

Benefit levels (Nov 2025)

Note: Due to the 2025 federal government shutdown and subsequent guidance, households may see reduced or delayed benefit issuance for November. :contentReference[oaicite:4]{index=4}
Source: Food and Nutrition Service / U.S. Department of Agriculture memos & state trackers.

Work requirements & time limits (ABAWD)

Background: The 2023 farm-bill and USDA guidance continue to evolve; states updating policies in November. :contentReference[oaicite:7]{index=7}

Online purchasing & retailers

Nationwide rollout continues for SNAP online purchasing; retailer stocking rule proposal remains under review. :contentReference[oaicite:8]{index=8}

Funding & November payments

Update (Nov 13): USDA directed many states to issue full November benefits now that funding was restored. :contentReference[oaicite:9]{index=9}

Note: Policies remain in flux this week. For household-specific eligibility, check your state SNAP agency. This section was last updated Nov 23, 2025.

🧭 Quick Trading/Prep Notes

Retail cycle indicator: With the week of Thanksgiving, watch for early holiday sales momentum (Retail Sales release Fri) and also commentary from major retailers like Best Buy.
Macro / rate path: The simultaneous release of GDP and PCE on Wed may drive volatility in rates-sensitive sectors and equities ahead of the shortened week.
Earnings cluster: Deere & Company, Dell Technologies and others will provide a read-through to industrial capex, tech/consumer hardware and Chinese demand into 2026.

Estimates are indicative ranges compiled from public sources and may differ by provider. Always confirm on issuer IR pages.

Sources

This article contains QBH publications editorial analysis. No external source links were included in the original article.

💰 Earnings & Policy Spotlight — Macro + SNAP Brief