What To Expect in the Markets This Week

Terry Lane
4 min read

In This Article:

Coming up: Earnings from Nvidia, 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.

Justin Sullivan / Getty Images

Nvidia CEO Jensen Huang at the Nvidia GTC Artificial Intelligence Conference on March 18, 2024 in San Jose, California.



Key Takeaways

  • Nvidia, the world’s most valuable company, will report earnings on Wednesday. Walmart, Target, Lowe’s, Palo Alto Networks, and John Deere are also scheduled to release financials this week.

  • Economic data will feature several housing market indicators, along with consumer sentiment and jobless claims.

  • Chicago Fed President Austan Goolsbee and Cleveland Fed President Beth Hammack are set to deliver remarks.



Investors this week will be watching the quarterly earnings report from Nvidia (NVDA), now the world’s most valuable company. Walmart (WMT), Lowe’s (LOW) and Target (TGT) are among the other companies scheduled to issue quarterly financial updates this week.

Remarks from Chicago Fed President Austan Goolsbee and Cleveland Fed President Beth Hammack could provide insight into whether the Federal Reserve could change its rate cut schedule.

Economists will be watching data from the housing market this week, including housing starts, existing home sales, and home builder confidence. Consumer sentiment for November is set for a Friday release, along with Purchasing Managers' Index (PMI) surveys in the manufacturing and services sector.

Monday, Nov. 18

  • Homebuilder confidence index (November)

  • Chicago Fed President Austan Goolsbee delivers remarks

  • AECOM (ACM) reports earnings

Tuesday, Nov. 19

  • Housing starts (October)

  • Building permits (October)

  • Walmart (WMT), Lowe’s (LOW), and XPeng (XPEV), report earnings

Wednesday, Nov. 20

  • Nvidia, TJX Companies (TJX), Palo Alto Networks (PANW), Target Corporation, and Snowflake (SNOW) report earnings

Thursday, Nov. 21

  • Initial jobless claims (Week ending Nov. 16)

  • Leading economic indicators (October)

  • Philadelphia Fed manufacturing survey (November)

  • Existing home sales (October)

  • Cleveland Fed President Beth Hammack delivers remarks

  • Intuit (INTU), John Deere (DE), Copart (CPRT), Ross Stores (ROST), and Baidu (BIDU), report earnings

Friday, Nov. 22

  • S&P global flash U.S. PMI (November)

  • Consumer sentiment - final (November)

Investors Watch for Wednesday Nvidia Earnings, Reports from Walmart, Target

Nvidia’s earnings report on Wednesday comes as the chipmaker recently became the world’s most valuable company on increased demand for its artificial intelligence (AI) capable products. Analysts have been high on the chipmaker's stock, with Mizuho recently raising its price target for the company to a high point of $165, slightly above the analyst consensus near $160, according to Visible Alpha. Nvidia’s report is also its first since joining the Dow Jones Industrial Average.

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