Coming soon: Nvidia earnings, Walmart, Target, housing market data, Fed speak
Justin Sullivan/Getty Images
Nvidia CEO Jensen Huang at the Nvidia GTC Artificial Intelligence Conference on March 18, 2024 in San Jose, California.
-
Nvidia, the most valuable company in the world, will report earnings results on Wednesday. Walmart, Target, Lowe’s, Palo Alto Networks and John Deere will also report financials this week.
-
The economic data will include several housing market indicators, along with consumer confidence and unemployment claims.
-
Chicago Fed President Austan Goolsbee and Cleveland Fed President Beth Hammack will deliver remarks.
Investors will be watching Nvidia’s quarterly earnings report this week (NVDA), now the most valuable company in the world. Walmart (WMT), Lowes (LOW) and Target (TGT) are among the other companies set to release quarterly financial updates this week.
Statements from Chicago Fed President Austan Goolsbee and Cleveland Fed President Beth Hammack could provide insight into whether the Federal Reserve could change its rate-cutting schedule.
Economists will be watching housing market data this week, including housing market starts, existing home sales and homebuilder confidence. Consumer confidence for November will be released on Friday, along with the Purchasing Managers’ Index (PMI) surveys in the manufacturing and services sectors.
Monday November 18th
-
Home Builder Confidence Index (November)
-
Chicago Fed President Austan Goolsbee delivers remarks
-
AECOM (ACM) reports income
Tuesday November 19th
-
Housing construction starts (October)
-
Building permits (October)
-
Walmart (WMT), Lowes (LOW), and XPeng (XPEV), report income
Wednesday, November 20
-
Nvidia, TJX Companies (TJX), Palo Alto Networks (PANW), Target Corporation and Snowflake (SNOW) report income
Thursday, November 21
-
Initial unemployment claims (week ending November 16)
-
Leading economic indicators (October)
-
Philadelphia Fed Manufacturing Survey (November)
-
Sales of existing homes (October)
-
Cleveland Fed President Beth Hammack delivers remarks
-
Intuit (INTU), John Deere (THE), Code part (CPRT), Ross Stores (ROST), and Baidu (BIDU), report income
Friday November 22
Nvidia’s earnings report Wednesday comes as the chipmaker recently became the world’s most valuable company due to increased demand for its artificial intelligence (AI)-enabled products. Analysts have been high on the chipmaker’s stock, with Mizuho recently raising its price target for the company to a high of $165, slightly above the analyst consensus of almost $160, according to Visible Alpha. Nvidia’s report is also the first since joining the Dow Jones Industrial Average.
