US Market Week Ahead: NVIDA’s Earnings, Federal Reserve Insights and Walmart’s Stock Split

February 19, 2024

As we step into another week, investors and traders alike are gearing up for a series of significant events that could sway the U.S. markets. With the Presidents’ Day holiday setting a quiet tone for Monday, the rest of the week promises plenty of action, from high-profile earnings reports to crucial economic data releases.

Here’s what you need to keep an eye on:

Nvidia’s Earnings Call: Nvidia’s report on Wednesday is arguably the week’s highlight. As a bellwether for the tech industry, its performance and outlook, particularly on AI developments and the impact of U.S. government restrictions on its China business, will be under the microscope. Investors will also look for updates on its new product launches, with the stock’s recent movements suggesting high stakes.

Federal Reserve Minutes: The release of the Federal Reserve’s meeting minutes on Wednesday will offer investors a deeper understanding of the central bank’s monetary policy stance, with implications for interest rate expectations and market sentiment.

Walmart’s Stock Split: Friday marks the effective date of Walmart’s 3-for-1 stock split, a significant event for shareholders and a reflection of the company’s confidence in its business outlook and desire to make its stock more accessible to a broader range of investors.

Other Noteworthy Earnings: Beyond Nvidia, the market will digest reports from major players across sectors, including Walmart, Home Depot, and Medtronic, providing insights into consumer behavior, the housing market, and healthcare spending.

Regulatory and Sector Watch: The FTC’s closed-door meeting and options trading volumes in companies like Digital World Acquisition Corp. and SunPower Corporation hint at potential volatility and regulatory impacts across the tech and energy sectors.

Investors will need to navigate these events with a balance of caution and opportunism, as they could significantly influence market trends and individual stock performances.

Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of the company mentioned.

Billy Toh

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.

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