By Bill Hornbarger, Chief Investment Officer
Print This Post
Three Things to Watch
- Nvidia will report earnings on Wednesday. The world’s largest company and a bellwether in the tech and artificial intelligence (AI) space, Nvidia earnings reports have become market-moving events. With concerns over valuations and some recent weakness in the AI trade, this earnings report bears close scrutiny.
- Major U.S. retailers Target, Home Depot and Walmart also report this week, and investors will pay close attention to any narrative concerning the strength of the consumer.
- And finally, with the shutdown ending, economic data will again be released. The September employment report is scheduled to be published on Thursday. The White House indicated last week that the October jobs report (along with other October data) may never be released.
Three Things to Know
- Last week, FactSet increased S&P 500 earnings estimates for 2025 and 2026 to $270.14 and $306.65, respectively. (Source: @RyanDetrick)
- A San Francisco Federal Reserve study examined 150 years of U.S. tariffs and found that they lead to lower inflation and weaker aggregate demand (which raises unemployment). (Source: @NickTimiraos)
- Approximately 87% of stocks and mutual funds are held by the top 20% of earners, but 62% of all households hold stocks in some fashion. (Source: A Wealth of Common Sense)
The above information reflects the current opinion of the author. It is based upon sources and data believed to be accurate and reliable. Opinions and forward-looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security mentioned.