U.S. stocks have a track record of rallying over the week of Thanksgiving and beyond. Small caps are primed to outperform their larger peers, due to lower valuations and a better position for coping with high inflation.
Five supermajors plan to release earnings on Thursday & Friday and it's expected reports will show roughly $29 billion in free cash flow - the most since 2008. This could be due to a strong demand for crude, natural gas and chemical price surges, and a rebound in refineries.
Delta Airlines reported earnings that beat expectations, but a stock selloff may have been provoked by fears surrounding rising fuel costs. As the first major airliner to release quarterly results, is it a preview of what investors can expect of the airline sector?