Monday

Toll Brothers (TOL) | After Close

• Update on housing metrics in upscale apartments.

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Tuesday

October JOLTs (Job Openings, Delayed) | 7.2 million est. | 1030

Ollie’s (OLLI) | Before Open

• Strength would suggest bargain seeking, which would suggest consumer strain/trade-down. 

Campbell’s Soup (CPB) | Before Open

• Recent scandal involving leaked internal remarks from an executive disparaging food quality and customers. 

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Wednesday

Q3 Employment Cost Index | 0.9% est. 0.9% prior | 830

FOMC Interest Rate Decision | 1400

FOMC Press Conference | 1430

Oracle (ORCL) | After Close

• Monitor debt concerns.

Adobe (ADBE) | After Close

• Consensus is that this company will be permanently disrupted by AI. Though I am not long, I disagree. Worth noting, CRM – which is in the same “narrative boat” – appears to be turning the tide. Perhaps, ADBE can do the same.

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Thursday

Initial Claims | 220k est. 191k prior | 830

Broadcom (AVGO) | After Close

• Part of the “Team TPU”, positioning them for a massive revenue growth if TPU’s pick up additional customers. Part of semiconductor leadership. AVGO could move the entire tape, specifically the Nasdaq, QQQ, and SMH. 

Costco (COST) | After Close

• Firm down trend. Believe this is suffering due to intra-sector rotation: sell COST → buy WMT. 
• Great company, but no true valuation support. 
• Long Criteria: Recapture the 50d and 100d SMA. 
• Short Criteria: Lose the 100W SMA. 

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Friday

Philadelphia Fed President Speaks | 800

Cleveland Fed President | 830

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