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By Jeremy Glaser | 11-22-2015 05:00 AM

Week Ahead: Setting the Table for Thanksgiving Week

HP and Tiffany results, plus housing, income and spending, and GDP data are on tap for the upcoming holiday-shortened week.

For Morningstar, I'm Jeremy Glaser. Welcome to The Week Ahead, our quick take on what investors should have on their radar screens for the week starting Nov. 23.

Thanksgiving week tends to be on the quiet side, but we will see some data and earnings released before the holiday.

HP split into two firms earlier this month, but HP Inc and Hewlett Packard Enterprise will report combined results on Tuesday. Last quarter, weakness in PC and printing weighed, while Enterprise showed some modest growth. Those headwinds are unlikely to have significantly dissipated in the firm's fiscal fourth-quarter.

Tiffany also reports on Tuesday. The firm disappointed the market last quarter as a strong dollar had an impact on crucial tourist-spending. One area we'll be watching closely is sales in China, which have been holding up reasonably well so far, given the concerns of the slowdown there.

Housing data will be in focus in the week, with existing home sales, the Case-Shiller home price index, and new home sales due. Despite some disappointing starts data last week, we still expect to see continued improvement in the housing market.

Personal income and spending data will not only give us a look at the state of the consumer, but it will also provide the Fed's preferred measure of inflation. Last week's CPI data showed a rise in core inflation, and another sign that price levels are rising could bolster the Fed's case to raise rates in December.

We'll also get the second estimate of third-quarter GDP this week.

Stay tuned to Morningstar for our take on all of these stories throughout the week.

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