What To Expect in the Markets This Week | Global News Avenue

Investors will be watching Nvidia’s quarterly earnings report this week (NVDA), is now the most valuable company in the world. Walmart (WMT), Lowe’s (low) and target (TGT) is among other companies scheduled to release quarterly financial updates this week.

Comments from Chicago Fed President Austan Goolsby and Cleveland Fed President Beth Hammack could provide insight into whether the Fed could change its rate-cutting schedule.

Economists will be watching housing market data this week, including new home starts, existing home sales and homebuilder confidence. Consumer confidence index for November will be released on Friday, while Purchasing Managers Index (PMI) Manufacturing and services surveys.

Monday, November 18

• Homebuilder Confidence Index (November)
• Chicago Fed President Goolsby delivers a speech
• AECOM(ACM) reported earnings

Tuesday, November 19

• New housing starts (October)
• Building Permit (October)
• Walmart (WMT), Lowe’s (low), and Xiaopeng (electric car), Report earnings

Wednesday, November 20

• nvidia, TJX Corporation (Tian Jiaxing), Palo Alto Networks (Pan Wei), target company, and snowflakes (Snow) Report earnings

Thursday, November 21st

• Initial jobless claims (week ending November 16)
• Leading Economic Indicators (October)
• Philadelphia Fed Manufacturing Survey (November)
• Existing Home Sales (October)
• Cleveland Fed President Beth Hammack speaks
• intuition(Yingtu), John Deere (of), Kopat (CPRT), Ross Store (Rost), and Baidu (start), Report earnings

Friday, November 22

• S&P Global US PMI Preview (November)
• Consumer Confidence – Final (November)

Investors focus on Wednesday’s Nvidia earnings, Walmart, Target reports

Nvidia’s earnings report on Wednesday comes as the chipmaker’s recent Become the world’s most valuable company Demand for its artificial intelligence (AI) products continues to increase. Analysts rate the chipmaker’s stock highly, with Mizuho recently Raise company target price The high was $165, slightly above analysts’ average estimate of $160, according to Visible Alpha. Nvidia’s report is also the first since Join the Dow Jones Industrial Average.

Retail giant Walmart released a report on Tuesday Full-year outlook raised Thanks to better-than-expected quarterly earnings. Although the big box chain’s net profit fell 43% last quarter, its sales rose at both Walmart stores and Sam’s Club stores.

Lowe’s report Tuesday comes as commodity sales decline, causing the home improvement retailer to Lowered full-year forecast. Target will report on Wednesday quarterly revenue increase and raised its forecast for annual earnings. Discount retailer TJX Companies, parent company of TJ Maxx and Ross Stores, is also due to report earnings this week. Taken together, retail earnings can provide a detailed picture of consumer health holiday.

Tax preparation software maker Intuit will release financial results Thursday Announce unexpected loss in its previous earnings report. Tractor maker John Deere’s report on Thursday will provide investors with insights into the agriculture and construction sectors. Chinese internet search engine Baidu It will also be reported on Thursday.

Another noteworthy report will come from China Electric car maker Xpeng Motorscompeting with Tesla (Tesla) sold in China.

Housing market data, Fed speech highlight economic calendar

Housing market data due out this week will highlight continued developments in the economy Fighting high mortgage rates. A homebuilder confidence survey released on Monday will show whether contractors are preparing for more construction, while Tuesday’s housing starts and building permit data will provide insight into the number of construction projects. On Thursday, existing home sales data for October will show whether transactions are picking up from a 14-year low.

Comments from Chicago Fed President Austen Goolsby and Cleveland Fed President Beth Hammack on Monday will provide some insight What does the Fed think? Recent reports show Inflation rises in October.

Friday’s consumer confidence report will provide the first glimpse into public reaction to Republican Donald Trump’s election as president. Preliminary investigation in early November Draw conclusions before voting.