Nvidia (NVDA)
AI darling Nvidia is scheduled to report earnings on Wednesday, and investors aren't holding out their bullish hopes. Nvidia's buy-side forecast is $21.7bn (£17.2bn) for the fourth quarter, 9% above consensus.
The chipmaker is a leader in the AI space, pushing it to the world's third-highest market capitalization behind Apple (AAPL) and Microsoft (MSFT).
Consensus estimates call for NVIDIA to report earnings of $4.60 per share and revenue of $20.36 billion. This would represent year-over-year growth of 422% and 236%, respectively.
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Nvidia stock is up 46.6% so far in 2024 and will rise another 238% in 2023.
Walmart (WMT)
America's largest retailer is scheduled to report fourth-quarter results this Tuesday before the opening bell.
U.S. same-store sales are expected to rise 3.2%, based on Bloomberg consensus data, down from 8.8% growth during the same period last year.
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Walmart, the nation's largest retailer and private employer, serves as a barometer of how consumers feel about their finances and how they are coping with challenges such as rising grocery prices. is common.
Wall Street expects Walmart to deliver record sales of $169.26 billion and earn adjusted earnings per share (EPS) of $1.65 in the quarter ending in January. This would result in a 4% increase in revenue, but a slight decrease in adjusted EPS from his $1.71 in the year-ago period.
Home Depot (HD)
The home improvement retailer was trading near a two-year high before reporting its fourth-quarter results on Tuesday.
Investors are bracing for Home Depot's annual sales to decline for the first time since 2009.
Analysts expect Home Depot's fourth-quarter sales to fall 3% to $34.6 billion. Annual revenue is also expected to fall by the same amount. Same-store sales are expected to decline 3.2%.
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Investors will be interested in Home Depot's comments on consumer behavior and how consumers are responding to high levels of inflation.
InterContinental Hotels Group (IHG), owner of Holiday Inn, repurchases new shares and increases dividend by 10% after reporting better-than-expected annual room revenue and adjusted operating profit of more than $1 billion for the first time announced.
The hotel group reported total revenue of $4.6 billion and operating profit of $1.06 billion, equivalent to earnings per share of 443.8 cents.
The owner of the Crowne Plaza, Regent and Fullux hotel chains increased its final dividend by 10% to 104 cents and launched a new $800 million stock buyback program.
“There are attractive long-term demand drivers in the travel industry, and the strength of our brand portfolio and enterprise platform will continue to drive our RevPAR and system size growth,” said Ellie Malouf, Chief Executive Officer. It will stimulate growth.”
In focus: Nvidia earnings, Fedspeak, PMI data: What to watch
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