Stock Market Week Ahead: Amazon’s Re:Invent, Plus Snowflake, Okta Earnings

The stock market closed out November with a short, strong week that left the Nasdaq, S&P 500 and the Dow Jones Industrial Average well above their 10-week moving averages.

December opens with Amazon‘s (AMZN) re:Invent and a pair of cybersecurity conferences, along with earnings headlined by Dow Jones stock Salesforce.com (CRM) and AI leaders Snowflake (SNOW) and Okta (OKTA). A handful of retailers have been basing and breaking out ahead of earnings, amid volatile industry trade heading into the holiday shopping season.

Finally, market economists will continue attempting to piece together a picture of the U.S. economic landscape amid the patchy data available following Congress’ record setting federal shutdown.

Stocks To Watch: Leverage The Market’s Bounce

With the market rally swinging into a surprising rebound, investors should be searching for ways to expand their exposure. Taiwan Semiconductor (TSM) and Comfort Systems (FIX), both riding strong support from the AI data center trend, are near early entries within flat bases. Valero Energy (VLO) is trying to move back to a buy point as the oil-gasoline price spread continues to boost refining stocks. Lighting play Acuity (AYI), already up 25% this year but still 16% below its Morgan Stanley price target, is working toward a double-bottom base. Wheaton Precious Metals (WPM), flirts with a cup-with-handle buy point as soaring gold and silver prices drive its gain of 95% so far this year.

Snowflake Stock In Major Growth Mode With Earnings Due, Stock Market Back Near Highs

Stock Market Econ: Scraping Together An Outlook

Markets reflect overwhelming odds of a Federal Reserve rate cut on Dec. 10, and no official data before then is likely to alter the outlook. The November jobs report, normally released on Friday, is delayed to Dec. 16. That makes Wednesday’s private-sector payrolls report from payroll processor ADP the earliest read on November payrolls. Economists expect a net gain of 42,500 jobs. The Bureau of Economic Analysis releases the Fed’s primary inflation rate, the core PCE price index, on Friday as part of the September personal income and outlays report. Economists expect a moderate 0.21% increase. Though stale, the inflation data is tracking below Fed inflation projections.

Artificial Intelligence: AWS Re:Invent Conference

Amazon’s cloud division hosts its annual customer conference in Las Vegas starting Monday, offering a chance for the tech giant to tout its artificial intelligence strengths. Analysts expect Amazon to showcase its custom AI chips, including the forthcoming third-generation of its Trainium offering. Tools that help enterprises tap into AI, such as agents, will also be in focus. Amazon Web Services is the top hyperscale cloud provider by market share. But investors have been fiercely debating whether top competitors Microsoft (MSFT) or Google (GOOGL) can chip away at Amazon’s AI lead. AWS posted its best sales growth since 2022 with its Q3 results in October.

Cybersecurity Week In The South

Two top conferences in the coming week focus on the cybersecurity industry. In San Antonio, Texas, the Alamo Cybersecurity Exposition runs Tuesday through Friday. Florida hosts the Jacksonville Cybersecurity Summit is a single-day event on Thursday. In health care, the Radiological Society of North America holds its annual meeting Sunday through Wednesday in Chicago.

Dollar Stores: Defensive Retailers Rebound

Shares of dollar stores Dollar General (DG) and Dollar Tree (DLTR) have rebounded following some positive analyst comments in late October. The bounce lifted Dollar Tree to a breakout, and sent Dollar General past some early buy points as it forms the right side of a three-month cup. Analysts see steady-as-she goes single digit gains for Dollar General. Views see Dollar Tree earnings slipping 3% on a 38% sales drop. Federal Supplemental Nutrition Assistance Program (SNAP) consumer assistance lapsed after the quarter end, but will be a key area of interest.

Retail Earnings: Top Brands Are Breaking Out

The past week’s post-earnings spikes by retailers put a sharp focus on the early December reports from American Eagle Outfitters (AEO), Lululemon Athletica (LULU), Ulta Beauty (ULTA), Macy’s (M), Zumiez (ZUMZ) and Genesco (GCO). Genesco is toying with a breakout as analysts project a 44% earnings surge. American Eagle is also at a buy point, and Macy’s is punching out new highs, despite projections for a 470% earnings decline. Analysts target a 360% earnings gain for Zumiez, which is extended from an October breakout.

Financials: Four Non-U.S. Banks Head North

Canada’s largest banks are poised to report fiscal-year earnings next week. The four stocks have gained between 28% and 59% in 2025. Investors largely expect notable gains in year-end revenue and earnings. Industry specific metrics like net-interest margin are also expected to finish higher. Interest rates in Canada coming down, so plans for navigating the less favorable environment. Analysts will be eager for guidance from Toronto-Dominion (TD) and Bank of Montreal (BMO) on their U.S. operations, which are more robust than those of its peers Royal Bank of Canada (RY) and Canadian Imperial Bank Of Commerce (CM).

Stock Market Earnings Briefs

MongoDB (MDB) reports Q3 results late Monday. The specialist in non-relational database software is now focusing on helping companies clean up and organize their internal data for AI applications. Analysts expect a sharp pullback in earnings and a halving of sales growth after four quarters of solid gains. MDB stock faces resistance after a failed October breakout.

Salesforce.com, a Dow Jones software heavyweight, delivers third-quarter results after the stock market closes on Wednesday. Sales are seen holding steady while earnings growth ticks higher for a third straight quarter. Citi lowered the struggling stock’s price target on Nov. 26, citing mixed contract value growth and competition in its core products. Citi set its new target 10% above current levels, and kept a neutral rating on the stock.

Thor Industries (THO) is set up in a double-bottom base ahead of its third-quarter report on Wednesday. Analysts project a seven-cent loss, which would mark the recreational vehicle maker’s worst quarter in several years. The RV industry is at the tail-end of a restocking cycle, Loop Capital analysts say, and faces consumers demanding more low-end products. Loop Capital has a hold rating on Thor shares.

Okta stock has been falling since May, as analysts target a slow decline to single-digit revenue and earnings gains heading into 2026. Cantor Fitzgerald trimmed its price target on the stock Nov. 24, but kept an overweight rating, citing emerging markets in identity governance, privileged access, and identity threat protection, as well as ongoing strength in the customer identity cloud.

Snowflake is shooting for analyst targets of 56% EPS growth and a 25% rise in sales when it reports late Wednesday. The AI software powerhouse is rebounding from 10-week support and sits on a year-to-date gain of 64%. Citi raised its price target to 310 Wednesday and kept a buy rating.

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