Updated: Nov 24, 2025
📅 Calendar (Nov 24–28)
A
Agilent Technologies
Q4 FY25 · call 4:30 p.m. ET
AMC
KEYS
Keysight Technologies
Q4 FY25 · test & measurement · call 4:30 p.m. ET
AMC
ZM
Zoom Video Communications
Q3 FY26 · enterprise video & AI · evening call
AMC
SYM
Symbotic
Warehouse automation · Walmart partner · time TBC
AMC
Sources: issuer IR pages and earnings calendars; times can change — always confirm on your broker or the
company’s investor-relations site.
BABA
Alibaba Group
September quarter 2025 · China e-commerce & cloud
BMO
BBY
Best Buy
Q3 FY26 · electronics & holiday setup · morning call
BMO
DELL
Dell Technologies
Q3 FY26 · AI servers & PCs · call 4:30 p.m. ET
AMC
WDAY
Workday
Q3 FY26 · HR/finance cloud · activist overhang
AMC
ZS
Zscaler
Q1 FY26 · zero-trust security & cloud
AMC
ADI
Analog Devices
Q4 FY25 · analog & industrial semi · time TBC
BMO
DE
Deere & Company
Q4 FY25 · ag & construction cycle · call 9:00 a.m. CT
BMO
LI
Li Auto
China EV demand & margins
BMO
NIO
Nio
China EV volume & pricing · time TBC
BMO
US
U.S. Thanksgiving
U.S. stock & bond markets closed · very light U.S. corporate news flow
Holiday
Non-U.S. markets follow their own calendars; some international names may still report.
BF
Black Friday / early close
U.S. equities close 1:00 p.m. ET; focus on high-frequency spend data vs. expectations
Early
No major U.S. earnings scheduled; narrative will lean on card-spend trackers and traffic anecdotes for WMT,
COST, TGT, online platforms and cross-border names like BABA.
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
BABA
Alibaba (BABA) — Tue, Nov 25 (BMO)
-
Street set-up:
Analysts expect low single-digit revenue growth and softer EPS vs. last year as Alibaba leans into
Taobao/Tmall investments, international commerce and AI-driven cloud offerings. The prior June quarter
already showed pressure on margins even as revenue grew modestly.
-
Watch:
China consumer health; competitive intensity in core commerce; cloud growth and profitability; comments
on regulation, capital returns and how much of Singles Day strength carries into year-end.
DELL
Dell Technologies (DELL) — Tue, Nov 25 (AMC)
-
Street set-up:
Consensus implies low-teens year-on-year growth in both revenue and EPS, driven by AI servers and
storage, with PCs still relatively soft. Markets are sensitive to any signs that rising memory and
component costs are squeezing incremental margins.
-
Watch:
AI infrastructure order growth vs. backlog burn; pricing/margin on AI servers; PC demand and refresh
cycle color; tariff and supply-chain commentary given ongoing trade tensions.
DE
Deere (DE) — Wed, Nov 26 (BMO)
-
Street set-up:
Expectations call for EPS down year-on-year but revenue roughly flat to modestly higher, with investors
focused on how far into the ag down-cycle Deere is and how much tariff and financing pressure is still
ahead.
-
Watch:
Farmer sentiment and order books; inventory normalization; tariff hit; uptake of precision-ag and
subscription products that can support margins even if unit volumes stay weak into 2026.
ZM
Zoom (ZM) — Mon, Nov 24 (AMC)
-
Street set-up:
Consensus looks for modest top-line growth as online-meeting volumes mature, with operating leverage
and enterprise adoption of newer products (phone, contact center, AI assistant) doing more of the work
on EPS.
-
Watch:
Enterprise vs. online SMB trends; traction of AI features and add-on products; churn and pricing
dynamics; any incremental color on spending pauses or optimizations in large tech/enterprise accounts.
🏛️ Macro & Policy — Week at a Glance
The federal government has now formally reopened after a 43-day shutdown that ran from October 1 to November 12.
The deal combined a short-term funding extension into late January 2026 with a three-bill “minibus” covering
full-year appropriations for, among others, Agriculture-FDA (which funds SNAP). Statistical agencies are still
catching up on data that could not be released during the shutdown, so some key prints this week are delayed
September reports (*). Thanksgiving also shortens the U.S. trading week.
|
When (ET)
|
Release / Event
|
Why it matters
|
|
Mon, Nov 24 · all day
|
No major U.S. data scheduled; Fed speakers and global PMIs
Earnings focus: Agilent, Keysight, Zoom & other tech names
|
Markets will mostly trade on positioning into the holiday, AI/enterprise-tech earnings, and expectations
for Tuesday’s delayed macro data rather than fresh U.S. releases.
|
|
Tue, Nov 25 · 8:30–10:00
|
Retail Sales* (Sep, delayed)
Producer Price Index* (Sep, delayed)
S&P CoreLogic Case-Shiller Home Price Index (Sep)
Conference Board Consumer Confidence (Nov)
|
Retail sales and PPI were pushed into this week by the shutdown; together they update the goods-inflation
and consumer-spending picture heading into Black Friday. Case-Shiller and confidence help triangulate
housing wealth effects and sentiment.
|
|
Wed, Nov 26 · 8:30–11:00
|
Weekly Jobless Claims
Durable Goods Orders* (Sep, some components delayed)
Pending Home Sales (Oct)
Selected Fed communications
|
Labor and capex data feed directly into growth expectations ahead of the Fed’s December 10 meeting.
Pending home sales add another housing read to Tuesday’s home-price data; all of this colors the backdrop
for Deere’s guidance and for holiday-sensitive retail names.
|
|
Thu, Nov 27 · U.S. holiday
|
Thanksgiving — U.S. stock & bond markets closed
No major U.S. federal data releases
|
Liquidity is thin and any overseas data or headlines can have outsized impact on futures, but most U.S.
participants will be sidelined.
|
|
Fri, Nov 28 · 10:00 & early close
|
Limited scheduled U.S. data
U.S. equities close 1:00 p.m. ET; bonds 2:00 p.m. ET
Black Friday spending trackers (private-sector)
|
Official data are sparse, so the story will be card-spend and traffic reports for brick-and-mortar and
online retailers. These anecdotal reads often move retail and payments names more than hard data on the
day.
|
Several prints (including Q3 GDP and the October PCE price index) remain pushed into December as agencies
reschedule reports delayed during the shutdown; focus more on direction and signal than any single data point.
🥗 SNAP Benefits — Where Things Stand (Week of Nov 24–28, 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 of roughly $24/month 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) and special rules for elderly/disabled members
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 or simplified rules in some states and for elderly/disabled
households.
-
ABAWD time limits:
States continue to adjust “able-bodied adults without dependents” rules following the 2023 FRA changes;
exemptions, waivers and how aggressively time limits are enforced remain highly state-specific.
ADMIN
Post-shutdown funding & November payments
-
Shutdown & reopening backdrop:
From October 1 through November 12, the federal government was partially shut for 43 days. During that
period, USDA relied on contingency funds and partial-benefit guidance while courts — and at times the
Supreme Court — weighed in on whether full November SNAP payments had to continue. The new bipartisan
funding package signed in mid-November includes a full-year Agriculture-FDA bill, which provides SNAP
funding through September 2026.
-
Current state:
Many states are now “truing up” November benefits from earlier partial or delayed deposits. The size and
timing of catch-up payments vary by state, and some November/early-December issuance schedules look
unusual as systems reconcile shutdown-era workarounds and court orders.
STATE
What recipients should watch
-
The most reliable information for any household remains the state SNAP portal, call center, or official
app — not national headlines or social media. Those channels reflect the exact issuance dates,
recertification rules and any court-driven changes in that state.
-
Even with federal funding restored, states may keep using adjusted issuance calendars into December to
reconcile shutdown-period payments. Checking EBT balances and reading state notices carefully is key if
deposits look different from prior months.
This SNAP overview is informational only and not legal advice. Policies and implementation details remain in
flux in late 2025; households should confirm specifics with their state or local SNAP agency. Last updated
Nov 24, 2025.
🧭 Quick Trading/Prep Notes
-
Tech, AI & infra: Monday’s Agilent/Keysight/Zoom trio and Tuesday’s enterprise slate
(Workday, Zscaler, NetApp, HP and others alongside Alibaba and Dell) give a dense read on cloud, security,
AI infrastructure and IT budgets heading into year-end.
-
Macro overlay: Delayed September retail-sales and PPI prints on Tuesday, plus Wednesday’s
labor and housing data, feed directly into expectations for the Fed’s December 10 meeting and the holiday
spending narrative.
-
Consumer barometer & SNAP: With full-year SNAP funding in place but state-level
catch-up payments still rolling, low-income consumer spend can be uneven across November issuance cohorts.
That’s most relevant for mass-market grocery, dollar stores, club formats and big-box retailers even if many
of them don’t report this week.
Times and estimates are indicative and gathered from public sources as of Nov 24, 2025. Always confirm details
on issuer IR sites and your trading platform.
