Nvidia Leads Earnings Reports This Week Amid Key Market Data Releases

Volatility, IPO, and Dividend Watch

Volatility Watch

High Implied Volatility: Super Micro Computer (SMCI) and D-Wave Quantum (QBTS) are drawing attention in options trading.

High Short Interest: Sunrun (RUN) and Omega Therapeutics (OMGA) head into the week with significant short interest.

Relative Strength Index Signals:

Overbought stocks include Power Metals Corp, Cohen Circle Acquisition Corp. I, and Hims & Hers Health.

Oversold stocks include Tetra Tech (TTEK) and Owens & Minor (OMI).

European Focus: Defense stocks like Rheinmetall AG and Thyssenkrupp are seeing short covering due to rising security concerns in Europe.

IPO Watch

Lockup Expirations: Keep an eye on JBDI Holdings (JBDI), Autozi Internet Technology Global (AZI), and Safe Pro Group (SPAI) as their lockup periods expire on Monday.

Dividend Watch

Ex-Dividend Dates: Companies such as Phillips 66 (PSX), Western Digital (WDC), Welltower (WELL), Marriott International (MAR), and Delta Air Lines (DAL) have upcoming ex-dividend dates.

Dividend Increases: Extra Space Storage (EXR), Dell Technologies (DELL), and Federal Signal (FSS) are forecast to boost their quarterly dividends, providing attractive income opportunities for investors.

Investor Events

This week also features several investor events, including The Information’s AI Agenda Live event in San Francisco on Thursday, with participation from leading companies like Anthropic, PagerDuty (PD), Adobe (ADBE), and IBM (IBM).

Earnings Previews: Nvidia and Home Depot

Nvidia (NVDA)

Earnings Date: Scheduled for Wednesday.

Consensus Expectations: Analysts predict earnings of $0.85 per share on revenue of approximately $38.13 billion.

Market Outlook: KeyBanc Capital Markets anticipates strong results that will “solidly beat” expectations. The recent spike in demand for Nvidia’s H20 GPUs in China—driven by new AI product announcements—has led to an upward adjustment in its price target from $180 to $190.

Home Depot (HD)

Earnings Date: Set for Tuesday.

Consensus Expectations: The home-improvement giant is expected to report EPS of $3.03 on revenue of around $39.01 billion.

Market Outlook: Piper Sandler highlights a continued lift from hurricane rebuilds and improved demand for higher-ticket items following the recent US election.

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