Tom’s Weekly Newsletter November 17, 2021

These three retailers beat on their earnings expectations this week, which gives indication consumers are spending despite rising prices.

Macy’s and Kohl’s reports tomorrow.

Visa, beat on their earnings, but with the news of AMZN saying it will stop accepting Visa payments in the UK starting next year they dropped over 4% on the day.

The Financials had a rough day pretty much across the board.

NVDIA reported after the bell tonight on both top and bottom lines.

The markets are still near their highs, but things that still cause concern is the prospect of another Covid cycle popping up.

Also note the Labor Department reports last week’s jobless claims data Thursday morning.

Expectations are for initial filings for unemployment insurance to have fallen to 260,000 for the week ending November 13; down from the previous week’s 267,000 claims.