Updated: Nov 17, 2025
📅 Calendar (Nov 17–21)
ARMK
Aramark
Q4 FY25 · call ~8:30 a.m. ET
BMO
BRC
Brady
Industrial/ID solutions · time TBC
BMO
JJSF
J&J Snack Foods
Snacks & frozen treats · call ~10:00 a.m. ET
BMO
JKS
JinkoSolar
Solar · time TBC
BMO
LFMD
LifeMD
Telehealth · time TBC
AMC
TCOM
Trip.com Group
Travel/OTA · China macro read-through
AMC
Sources: public earnings calendars/IR pages; day-of times may vary — verify on issuer sites.
HD
Home Depot
Q3 · housing/DIY macro read
BMO
BIDU
Baidu
China ads & AI cloud · time TBC
BMO
MDT
Medtronic
Medtech volume & pricing · time TBC
BMO
WB
Weibo
Social ads · China demand
BMO
DLB
Dolby Labs
Content/streaming tie-ins
AMC
SQM
SQM
Lithium & chemicals · pricing color
AMC
LOW
Lowe's
Home improvement demand
BMO
TGT
Target
Big-box discretionary & shrink
BMO
TJX
TJX
Off-price traffic & inventory
BMO
VIK
Viking Holdings
Cruise & bookings
BMO
BIRK
Birkenstock
Lifestyle/footwear · brand momentum
BMO
WIX
Wix.com
SMB SaaS & web infrastructure
BMO
NVDA
Nvidia
Q3 FY26 · AI data-center focus · call ~5:00 p.m. ET
AMC
PANW
Palo Alto Networks
Security platform consolidation
AMC
ZTO
ZTO Express
China parcel volumes
AMC
WMT
Walmart
Q3 FY26 · 7:00 a.m. CT (8:00 a.m. ET)
BMO
BBWI
Bath & Body Works
Specialty retail · holiday setup
BMO
J
Jacobs Solutions
Engineering & infra demand
BMO
VIPS
Vipshop
China discount e-commerce
BMO
WMG
Warner Music Group
Streaming & catalog mix
BMO
INTU
Intuit
SMB tax/financial SaaS
AMC
ROST
Ross Stores
Off-price consumer health
AMC
VEEV
Veeva Systems
Life-science cloud
AMC
BULL
Webull
Brokerage/retail flows
AMC
BJ
BJ's Wholesale
Membership warehouse · Q3
BMO
BKE
Buckle
Teen apparel · traffic & margins
BMO
MOG.A
Moog (Class A)
Aerospace & defense exposure
BMO
This is a curated view focused on notable names; for a complete list, cross-check your platform’s earnings calendar or issuer IR pages.
🔎 Consensus & Watch Items
NVDA
Nvidia (NVDA) — Wed, Nov 19 (AMC)
-
Street set-up:
Watched as the AI bellwether. Consensus clusters around low-$1s EPS (≈$1.2–1.3) and mid-$50B in
quarterly revenue, with investors laser-focused on Q4 guidance and the pace of AI server capex.
-
Watch:
Data-center vs. gaming mix; export-controls impact and China exposure; supply-chain capacity; commentary
on whether AI infra spending is entering a more “normalized” phase vs. an early-cycle boom.
WMT
Walmart (WMT) — Thu, Nov 20 (BMO)
-
Street set-up:
Consensus is roughly $0.60 EPS on ≈$175B in sales, with focus on U.S. comps and Sam’s momentum now that
shutdown headline risk has eased but low-income consumers remain stretched.
-
Watch:
Grocery vs. general merchandise mix; traffic vs. ticket; e-commerce and marketplace growth; color on FY26
guidance, price investments, and the health of SNAP- and paycheck-sensitive cohorts.
HD
Home Depot (HD) — Tue, Nov 18 (BMO)
-
Street set-up:
Expectations sit around mid-$3 EPS (≈$3.8) on ≈$41B revenue, modestly up year-on-year, with comps still
weighed by slower big-ticket projects.
-
Watch:
DIY vs. Pro mix; big-ticket demand (kitchens, flooring); any early signs of stabilization in housing-linked
categories as rates reset and backlogs normalize into 2026.
TGT
Target (TGT) — Wed, Nov 19 (BMO)
-
Street set-up:
Current ranges point to high-$1s EPS (≈$1.7–1.8) on ≈$25B revenue, with investors sensitive to discretionary
softness and the pace of margin repair.
-
Watch:
Traffic vs. ticket; shrink/theft commentary; mix between essentials and discretionary; inventory discipline
heading into the holidays; capex and capital-return framework.
🏛️ Macro & Policy — Week at a Glance
The federal government has now formally reopened after a 43-day shutdown. The deal paired a Republican-backed
“clean” funding extension into late January 2026 with a bipartisan bundle of full-year appropriations bills,
including Agriculture (which funds SNAP). Republicans stepped back from deeper across-the-board non-defense cuts
and some immigration riders; Democrats accepted a tighter domestic-spending path and agreed to handle priorities
like health-care expansions and tax credits on a separate track. Asterisks (*) below flag data releases still
catching up from the shutdown backlog.
|
When (ET)
|
Release / Event
|
Why it matters
|
|
Mon, Nov 17 · 8:30
|
Empire State Manufacturing Index (Oct) · plus Fed speakers
|
Early post-shutdown look at regional manufacturing activity and sentiment; helps set tone for risk appetite
heading into the week’s earnings.
|
|
Tue, Nov 18 · 8:30–10:30
|
Import & Export Price Indexes* (Oct)
Industrial Production & Capacity Utilization* (Oct)
NAHB Housing Market Index (Nov)
|
Trade prices give a pipeline read on goods inflation; industrial production/capacity show real-economy
momentum; NAHB sentiment links into the housing channel that drives Home Depot/Lowe’s read-through.
|
|
Wed, Nov 19 · 8:30 & 14:00
|
Philadelphia Fed Index (Nov)
Housing Starts & Building Permits* (Oct)
FOMC October Meeting Minutes (2:00 p.m.)
|
Regional manufacturing and housing data refine the growth picture. Minutes offer detail on how the Fed is
interpreting shutdown-distorted data and the recent sequence of rate cuts.
|
|
Thu, Nov 20 · 8:30–11:00
|
Nonfarm Payrolls* (Sep, delayed)
Weekly Jobless Claims*
Existing Home Sales* & Leading Economic Index* (Oct)
|
Labor data remain the core input for the Fed’s growth-vs-inflation trade-off. Existing home sales and LEI
show how much slowdown is filtering through to housing and forward indicators, with spill-over into retail.
|
|
Fri, Nov 21 · 10:00
|
University of Michigan Consumer Sentiment (final, Nov)
Selected global PMIs & post-shutdown commentary
|
Sentiment fell during the shutdown; the final November reading helps show how quickly confidence recovers
now that paychecks are flowing again, with implications for holiday-season spend at WMT, TGT, TJX, ROST, etc.
|
Several prints are still being rescheduled after the shutdown; focus more on direction and signal than any single data point.
🥗 SNAP Benefits — Where Things Stand (Week of Nov 17–21, 2025)
USDA
Benefit levels (Oct 1, 2025 – Sep 30, 2026)
-
FY26 COLA applied:
In the 48 states and D.C., the maximum allotment for a 4-person household is about
$994/month, with higher caps in Alaska, Hawaii, Guam and the U.S. Virgin Islands and a
minimum benefit around $24 in the 48-state region.
-
Formula reminder:
SNAP benefits generally start from the maximum allotment and subtract about 30% of counted net income.
State-specific deductions (shelter, medical, child care) can materially change the final benefit.
RULES
Eligibility & work rules
-
Eligibility basics:
Most households must meet gross and net income tests (often tied to 130% of the federal poverty level)
and asset limits, with higher thresholds and special rules for elderly/disabled members.
-
ABAWD time limits:
States continue to update “able-bodied adults without dependents” policies after the 2023 FRA changes;
actual exemptions and waivers remain highly state-specific.
ADMIN
Post-shutdown funding & November payments
-
Shutdown & reopening backdrop:
During the 43-day shutdown, USDA relied on contingency funds and partial-benefit guidance while courts in
several cases pushed toward fuller November payments. With the new bipartisan funding package signed,
the Agriculture bill now provides full-year SNAP funding through September 2026.
-
Current state:
Most states are working to “true-up” November benefits from earlier partial or delayed deposits. The
size and timing of catch-up payments still vary as systems catch up and court orders are implemented.
STATE
What recipients should watch
-
The most reliable information about a specific household remains the state SNAP portal, call center, or
official app — not national headlines.
-
Even with federal funding restored, states may adjust their November/December issuance schedules as they
reconcile shutdown-era workarounds, so checking EBT balances and state notices remains important.
This SNAP overview is informational only and not legal advice. Policies and implementation details are still
moving in November 2025; households should confirm specifics with their state or local SNAP agency. Last updated Nov 17, 2025.
🧭 Quick Trading/Prep Notes
-
AI & infra: NVDA and PANW frame AI-data-center and security demand heading into 2026.
-
Consumer barometer: WMT, TGT, TJX, ROST, BJ, BKE, BIRK, and VIK give a wide lens on low- to
middle-income consumers as SNAP deposits normalize after the shutdown.
-
Macro overlay: Backlog-affected labor and housing prints can skew “hard data”; lean more on
trends and Fed communication than any single surprise during this catch-up phase.
Times and estimates are indicative and gathered from public sources. Always confirm details on issuer IR sites and your trading platform.
