Even though the US presidential election is fading into the rearview mirror, it doesn’t mean markets will be starved for action over the coming week.Despite a relatively light macroeconomic calendar, markets are eager to get the latest earnings outlook from the world’s largest company – Nvidia.
Given its market cap of US$3.5 trillion, the market’s reaction to Nvidia’s earnings is bound to move the broader US500 and NAS100 stock indexes as well.
Key Events Watchlist:
Wednesday, November 20th: NAS100, US500 await Nvidia 3Q earnings (after US markets close)
Depending on what Nvidia’s C-suite conveys about its past and future earnings, shares of the world’s largest company are forecasted to move 8.8%, up or down, when US markets reopen on Thursday.Its Hopper GPUs are expected to deliver better-than-expected revenue in the previous (Q3 2024) and present (Q4 2024) quarters, while the much-hyped Blackwell GPUs are set to power Nvidia’s in the years ahead.A robust earnings outlook could propel the US500 and NAS100, and Nvidia’s shares, to new record highs!Here’s a comprehensive list of other key economic data and events due this week:Monday, November 18
Tuesday, November 19
Wednesday, November 20
Thursday, November 21
Friday, November 22
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