Key Takeaways
- Chipmaker Nvidia will report earnings on Wednesday, in what could be a highlight of the week's events.
- Several big retailers also report earnings this week, including Target, Ross Stores, and hardware chain Lowe’s.
- Minutes from the most recent Federal Open Market Committee meeting and comments from Federal Reserve speakers could also offer insights into how officials are looking at inflation.
Artificial intelligence (AI) darling Nvidia (NVDA) is set to report earn✤ings after markets close on Wednesday, in what could be a highlight of this week's events. The chipmaker is expected to post another strong quarter of earnings and revenue growth amid a surge in demand for AI.
Other tech companies issuing updates on their financials this week will include cybersecurity firm Palo Alto Networks (PANW) and cloud computing company Snowflake (SNOW). Retail earnings will be in focus as well this week, with Lowe’s (LOW), Target (TGT), Macy’s (M), Ross Stores (ROST), and Marshalls parent TJX (TJX) set to report results ahead of a 澳洲幸运5官方开奖结果体彩网:long holiday weekend.
Minutes from the🐷 most recent Federal Open Mඣarket Committee meeting and comments from Federal Reserve speakers could also offer insights into how officials are looking at inflation.
Monday, May 20
- Atlanta Fed President Raphael Bostic and Fed Vice Chair Michael S. Barr deliver remarks
- Palo Alto Networks (PANW), Trip.com Group (TCOM), and Zoom Video Communications (ZM) report earnings
Tuesday, May 21
- Boston Fed President Susan M. Collins, Cleveland Fed President Loretta Mester, Atlanta Fed President Raphael Bostic, Richmond Fed President Tom Barkin, and New York Fed President John C. Williams deliver remarks
- Microsoft Build conference keynote address by CEO Satya Nadella
- Lowe’s (LOW), AutoZone (AZO), XPeng (XPEV), and Macy’s (M) report earnings
Wednesday, May 22
- Existing home sales (April)
- Minutes of May FOMC meeting
- Nvidia (NVDA), TJX (TJX), Target (TGT), Snowflake (SNOW), Toll Brothers (TOL), and Williams-Sonoma (WSM) report earnings
Thursday, May 23
- Initial jobless claims (Week ending May 11)
- S&P flash U.S. services PMI (May)
- S&P flash U.S. manufacturing PMI (May)
- New home sales (April)
- Federal balance sheet
- Atlanta Fed President Raphael Bostic delivers remarks
- Intuit (INTU), Medtronic (MDT), Toronto-Dominion Bank (TD) and Ross Stores (ROST) deliver earnings
Friday, May 24
- Durable-goods orders (April)
- Consumer sentiment, final (May)
- Booz Allen Hamilton (BAH) reports earnings
Nvidia 𓆏Expected To Report Earnings, Revenue Growth Amid AI ✨Boom
Nvidia will be in the spotlight this week with the AI chipmaker's earnings report set to come after the bell on Wednesday. Analysts are projecting another big quarter for Nvidia, with 澳洲幸运5官方开奖结果体彩网:revenue and earnings projected tꦜo grow as the chipmaker benefits from surging demand fo✃r AI-capable chips.
Nvidia isn’t the only tech company reporting this week. On Monday, cybersecurity provider Palo Alto Networks will release its latest quarterly financial results, with investors likely to be 澳洲幸运5官方开奖结果体彩网:watching its sales after the company lowered its outlook. Cloud computing company Snowflake will deliver its 澳洲幸运5官方开奖结果体彩网:first earning♔s report under CEO Sridhar Ramaswamy oꦑn Wednesday, coming after the company increased its revenue a🃏nd narrowed losses in the previous quarter.
Several retailers are scheduled to report earnings this week as well, coming after the most-recent U.S. retail sales report showed some 澳洲幸运5官方�🌱�开奖结果体彩网:potential weakening of U.S. consumers' spending. Lowe’s will release its latest quarterly results on Tuesday, after the home improvement chain 澳洲幸运5官方开奖结果体彩网:issued weak full-year guidance as sales fell in the prior quarter. Target will follow with its earnings report on Wednesday, coming after Target 澳洲𒆙幸运5官方开奖结果体彩网:reported stronger-than-expected earnin🤪gs in the prior quarter as its inv🤡entory management improved. TJ Maxx and Marshalls parent TJX, 🧸Macy’s, and Ross Stores will also deliver financial results this week.
Fed Meeting Minutes and Speaker Comments Could Offer Insights Into Policymakers' Stance
Investors will have more opportunities to obtain insights from the Federal Reserve this week, as its officials have cited the nee🌼d for more data on the path of inflation before moving to change in🍬terest rates.
On Wednesday, the release of the minutes from the 澳洲幸运5官方开奖结果体彩🃏网:Federal Open Market Commitꩲtee’s (FOMC) May meeting could provide more information on the deliberations between members. 澳洲幸运5官方开奖结果体彩网:The Fed kept rates unchanged at the meeting, but since then, some officials have 澳洲幸运5官方开奖结果体彩网:raised doubts about whether⛄ the central bank will be able to follow thrᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚough with interest rate cuts this year.
Several Fed officials will also deliver remarks this week, including Boston Fed President Susan M. Collins, Cleveland Fed President Loretta Mester, and Atlanta Fed President Raphael Bostic, at the Atlanta Fed♏eraꦐl Reserve’s annual Financial Markets Conference.