Market focus this week: Nvidia earnings, FOMC minutes, etc.
Investors can look forward to a series of earnings reports from companies such as Nvidia, Wal-Mart and Home Depot this week.。Intel will also hold its first annual conference.。
U.S. financial markets will be closed for the President's Day holiday on Monday, and after the market reopens on Tuesday, investors can expect a series of earnings reports from companies such as Nvidia (NVDA), Walmart (WMT), and Home Depot (HD) this week。In addition, Intel (INTC) will also hold its first annual conference to expand its foundry business.。
The FOMC will release the minutes of its January interest rate meeting, providing more insight into officials' stance on interest rates.。Representatives of the FOMC will also provide their latest assessment of the state of the economy at the speaking event.。The U.S. government is also expected to hold a meeting on new student loan repayment proposals.。
NvidiaWal-Mart and other companies will report earnings.
Nvidia's stock has been soaring in recent weeks, hitting record highs and overtaking Google parent Alphabet as the third-largest company in the United States by market capitalization.。Nvidia to Release 2023 Q4 and Annual Financial Results After U.S. Stock Market on Wednesday, Eastern Time。
Investors will also be watching earnings reports from other companies, including retailers Wal-Mart and Home Depot.。Wal-Mart is due to report results on Tuesday, with analysts expecting the retail giant to report a drop in earnings, while Home Depot is expected to show a drop in earnings due to lower sales in the day's report.。
Wednesday's earnings report from Rivian (RIVN) may provide insights into consumer demand for electric vehicles, while Thursday's earnings report from travel booking site Booking Holding's (BKNG) may provide an indication of consumer travel spending trends in the holiday quarter.。
In addition to this, Intel will host its first annual Intel Foundry Services (IFS) conference on Wednesday, which may provide an update on its plans to leverage AI chip manufacturing needs.。
On Friday, Warner Bros. Discovery's (WBD) update to investors may not only show whether its ad sales and streaming subscription numbers can bounce back, but also provide an update on its partnership with Fox (FOXA) and Disney's (DIS) ESPN to launch a new sports streaming service.。
FOMC Minutes and Student Loan Meeting Coming Soon
Minutes of January's Federal Open Market Committee (FOMC) meeting will be released on Wednesday, potentially providing more details on how members view current economic conditions and when interest rate cuts are likely.。Federal Reserve Bank of Philadelphia President Patrick Harker and Minneapolis Federal Reserve Bank President Neel Kashkari will comment Thursday, potentially providing an additional assessment of inflation trends.。
This week, the U.S. Department of Education will meet Thursday and Friday to review proposals for a student loan repayment plan that could replace a plan rejected by the U.S. Supreme Court last year, with some impact on expectations of future spending power for the American public.。
This week's feed
Monday, February 19
- US markets closed for President's Day holiday
Tuesday, February 20
- Walmart (WMT), Home Depot (HD) and Palo Alto Network (PANW) report earnings
- Leading U.S. Economic Indicators (January)
Wednesday, February 21
- Nvidia (NVDA), Rivian (RIVN), Sankoh Energy (SU), Exxon Energy (EXC) and Marathon Oil (MRO) report earnings
- Intel Holds Its First Annual OEM Business Conference
- Federal Open Market Committee (FOMC) January Meeting
Thursday, February 22
- Intuit (INTU) and Booking Holdings (BKNG) report earnings
- Initial jobless claims (as of February 17)
- S & P Markit Services PMI (February)
- S & P Markit Manufacturing PMI (February)
- Existing Home Sales (January)
- MOE Student Loan Repayment Rule-Making Meeting Begins
- Remarks by Patrick Harker, President of the Federal Reserve Bank of Philadelphia, and Neel Kashkari, President of the Federal Reserve Bank of Minneapolis
Friday, February 23
- Warner Bros. Discovery (WBD) Reports Earnings
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