What to Watch in The Day Ahead on Thursday

By Editor

Nov 20, 2013 05:51 PM EST

Bank of America CEO Brian Moynihan and Federal Reserve Board Governor Jerome Powell will be among bank executives and regulators speaking at an industry conference in New York hosted by The Clearing House Association, which represents interests of the biggest commercial banks.

Sears investors will get a better read of the third-quarter sales weakness at the operator of Sears department stores and the Kmart chain when it reports results for the period. In late October, the struggling U.S. retailer, led by hedge fund manager Edward Lampert, sold some Canadian real estate assets for $383 million and said it was considering separating its Lands' End clothing and auto center businesses to raise cash.

Discount retailer Target Corp is expected to report modest sales gains for the third quarter and investors will be eager to see whether business in Canada has picked up after a weak debut in that market this year and what it expects consumer demand in the United States to be this holiday season.

Gap, the apparel retailer, reports third-quarter results, and its investors will be looking for an update on Gap's outlook for the holiday quarter, particularly as other retailers have expressed caution about sales in the holiday season as U.S. consumer confidence slips. Also look for quarterly results from retailers Abercrombie & Fitch, Gildan Activewear, Williams-Sonoma and GameStop.

Pandora reports quarterly results. With a new CEO and competition on all flanks including from Apple, investors will be keen to see if Pandora can keep up its streak of being one of the world's most popular music streaming services.

Intel's recently appointed CEO Brian Krzanich hosts his first annual investor day and is expected to use it as an opportunity to underscore the changes he has made to help the chipmaker catch up in mobile, even as he tries to avoid being caught off guard by the next new wave of computing.

Transocean, owner of the world's largest offshore drilling fleet, is expected to discuss with analysts its plans for a master limited partnership-type vehicle for some of its rigs, as well as the state of the global offshore drilling market. 

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