Core Insights - The first week of the year features a comprehensive schedule of earnings reports and economic data [1] Earnings Reports - A variety of companies are expected to release their earnings, providing insights into their financial performance and market conditions [1] Economic Data - Key economic indicators will be released, which may influence market trends and investor sentiment [1]

In the meantime, stocks are wrapping up a turbulent November. Joining us today, Dan Greenhouse, chief strategist at Solless Alternative Asset Management. Dan, happy Friday.Good to see you. >> You too, sir. >> Sounds like you think the midmon AI freakout may be behind us.>> It looks that way. Listen, again, admittedly, there was a lot of nervousness about the amount of capex spending on the part of the of the large hyperscalers, but I keep coming back to the earnings reports themselves. You have most recentl ...

Earnings Reports - Several companies are set to report earnings next week, including Abercrombie & Fitch, Best Buy, Dell, Dick's Sporting Goods, HP, Kohl's, Nio, Petco Health & Wellness, Urban Outfitters, and Zscaler [1] Economic Data Releases - The week will start with no economic data on Monday, Nov. 24, followed by the S&P Case-Shiller home price index, consumer confidence data, and pending home sales on Tuesday, Nov. 25 [2] - Wednesday, Nov. 26 will feature initial jobless claims, GDP, durable goods orders, PCE price index, core PCE price index, personal income, and personal spending data [3] - The market will be closed on Thursday, Nov. 27, for the Thanksgiving holiday, and will have an early close at 1 p.m. ET on Friday, Nov. 28, with the Chicago business barometer being released [3]

分组1 - The stock market is entering a week filled with significant earnings reports and economic data, following a week of volatility where all major indexes ended in the red, particularly the Nasdaq Composite which fell nearly 2% [1][2] - Nvidia's third-quarter earnings report is anticipated to be a major event, with analysts expecting revenue to reach approximately $54 billion, an increase from $46.7 billion in the previous quarter [4][5] - Nvidia is viewed as a key indicator for the AI sector, and there are high expectations for strong earnings and guidance, especially after CEO Jensen Huang announced $500 billion in orders for 2025 and 2026 [5][6] 分组2 - Major retailers such as Home Depot, Target, and Walmart are also set to report their third-quarter earnings this week, contributing to the overall market focus [6] - The September jobs report is scheduled for release on Thursday, providing crucial insights into the labor market from two months prior, which is expected to influence market assessments regarding future Fed rate cuts [9][10] - Investors are particularly eager for the jobs data as it has been absent since the government operations were halted in October, making this release critical for evaluating economic conditions heading into 2026 [10]

Market Overview - The four major averages have returned to negative territory after a brief bounce, with technology stocks lagging behind as high-flying stocks experience a pullback [1] - There is concern that a sentiment shift away from tech could drag down the entire market, although underperforming stocks may not decline as significantly [2] Investment Strategy - A strategy suggested is to consider buying the equal-weighted S&P 500, as the current index is heavily concentrated in a few high-performing stocks, specifically the MAG 7, which constitutes 25-30% of the index [4] - There are still companies trading at reasonable multiples that offer safety and good dividends, indicating a cautious approach is advisable [6] Earnings Insights - Upcoming earnings reports are expected to provide clarity on the long-term strength of the consumer and the economy, making it a significant day for earnings [3][9] - Companies like DraftKings, Airbnb, and others are anticipated to reveal insights into consumer spending patterns, which are crucial for understanding economic health [8][9] Federal Reserve Messaging - The Federal Reserve's recent communications indicate a focus on adjusting rates to find the right level rather than easing or stimulating the economy [7][8] - The market's reaction to the Fed's messaging has been negative, reflecting uncertainty about future rate adjustments [7]

Core Insights - American States Water Company (AWR) reported third-quarter 2025 operating earnings per share (EPS) of $1.06, exceeding the Zacks Consensus Estimate of $1.01 by 4.95%, and up from 95 cents in the same quarter last year [1][10] AWR's Total Revenues - Total operating revenues reached $182.72 million, surpassing the Zacks Consensus Estimate of $178 million by 2.65%, and reflecting a 12.9% increase from $161.78 million in the prior-year period [2][10] Highlights of AWR's Q3 Release - Operating expenses totaled $121 million, a 13.4% increase from $106.7 million in the year-ago quarter, driven by higher costs in water purchases, power purchases for resale, administrative expenses, maintenance, and ASUS construction [3] - Operating income was $61.7 million, up 11.9% from $55.1 million in the corresponding period of 2024 [3][10] Interest Expenses and Income - Interest expenses amounted to $11.7 million, down 13.4% year over year due to decreased average borrowing levels and interest rates, despite a decline in interest income from regulatory assets [4] - Interest income totaled $1.1 million compared to $1.7 million in the year-ago quarter [4] Regulatory Approvals and Growth - AWR's regulated water utility received CPUC approval to provide water services to a new planned community, expected to serve up to 3,800 customer connections over the next five years, with potential for 17,500 total dwelling units at full buildout over 20+ years [5] Segmental Details - Earnings from the Water segment were 86 cents per share, up 2.38% from 84 cents a year ago, attributed to new CPUC-authorized rate increases effective January 1, 2025 [6] - EPS from the Electric segment was 4 cents, an increase of 2 cents from the previous year, driven by higher revenues from new rates implemented in 2025 [7] - EPS from the Contracted Services segment was 19 cents, up 8 cents from the year-ago quarter [7] Financial Update - As of September 30, 2025, cash and cash equivalents totaled $26.1 million, down from $26.7 million as of December 31, 2024 [11] - Long-term debt amounted to $790.3 million compared to $640.4 million as of December 31, 2024 [11] - Cash provided by operating activities in the first nine months of 2025 totaled $202.1 million, up from $134.2 million in the year-ago period [11] Guidance - AWR's regulated utilities are authorized to spend nearly $650 million in capital investments, targeting to invest $180 to $210 million in 2025 [12] - The contracted services business is expected to contribute 59 cents to 63 cents per share for the whole year [12] Zacks Rank - American States Water currently holds a Zacks Rank 2 (Buy) [13]

Market Overview - U.S. markets opened with slight changes: Dow increased by 0.05%, Russell 2000 decreased by 0.03%, S&P 500 decreased by 0.05%, and Nasdaq saw a decline of 0.24% [2] Pre-Market Movers - Brighthouse Financial surged by 26.6% following the announcement of its acquisition by Aquarian Capital at $70 per share [3] - Other notable gainers included Penumbra (+16%), Coherent (+14.5%), and Datadog (+12.2%) due to positive earnings reactions [3] Earnings Losers - Dentsply Sirona experienced a significant drop of 14.6% following negative earnings reactions, along with ACADIA Healthcare (-13%) and DoorDash (-12%) [4] - CarMax fell by 11.4% after CEO Bill Nash announced his unexpected departure, with David McCreight set to replace him [5] - Hubspot and Celsius both dropped by 11.6%, while Fortinet decreased by 10.9% due to disappointing earnings [4] Market Sentiment - U.S. stock futures were modestly higher after a rebound on Wednesday, with Russell 2000 gaining 1.53% and large-cap indexes like Nasdaq Composite (+0.65%), Dow (+0.48%), and S&P 500 (+0.37%) also showing positive movements [6] - The market's positive recovery was influenced by the Supreme Court's handling of Trump's tariffs, which elicited varied reactions [7]

Core Viewpoint - Global stocks are on track for their third consecutive week of gains and seventh straight month of advances, driven by strong earnings from major companies like Amazon and Apple, which alleviated concerns regarding high valuations [1] Group 1: Market Performance - Global stocks are expected to achieve their third straight week of gains [1] - The market is also set for a seventh consecutive monthly advance [1] Group 2: Company Earnings - Earnings reports from megacap companies Amazon and Apple have eased concerns about lofty valuations [1] Group 3: Currency Movements - The dollar has strengthened following comments from some Federal Reserve officials [1]

Group 1 - Energy giants Exxon Mobil Corporation and Chevron Corporation are highlighted as leading companies in the pre-market on a busy Friday [1] - AbbVie Inc. is also mentioned as a significant player in the pre-market activity [1] - Upcoming earnings reports include Palantir Technologies Inc. on Monday, followed by major companies like Shopify Inc., Uber Technologies Inc., Pfizer Inc., and Advanced Micro Devices Inc. on Tuesday [1] - Wednesday will feature technology companies such as Applovin Corporation, QUALCOMM Incorporated, and Arm Holdings plc after market [1] - AstraZeneca PLC and ConocoPhillips will report pre-market on Thursday, with KKR & Co. Inc. and Constellation Energy Corporation following on Friday [1]

Group 1 - Stocks traded higher on Tuesday as Wall Street assessed a flood of earnings reports [2] - The market is looking ahead to the Federal Reserve's decision on interest rates, scheduled for Wednesday [2]