According to the Zhitong Finance APP, in the coming week, market focus will shift from stock market fluctuations to a series of important earnings reports, especially NVIDIA's earnings report, while the earnings reports of retail giants Walmart and Target will also attract attention. Additionally, the volatility of Bitcoin prices is another focal point for investors. In terms of economic data, housing market data and the preliminary indices for S&amp;P Global's manufacturing and services sectors will provide early indicators of economic growth. The financial stability meeting of the Cleveland Federal Reserve Bank and the QCon international software development conference will also be highlights of the week.
After a week of stock market fluctuations, investors will have more room to focus on NVIDIA (NVDA.US) earnings report in the coming week. As the world's most valuable company, NVIDIA's leading position in artificial intelligence and chips makes its performance a market barometer, indicating the trends of technology and AI stocks. It is reported that AI chip manufacturer NVIDIA will announce its third-quarter results later on Wednesday, but Wall Street is more interested in its fourth-quarter performance, as this will be the first time reflecting the sales of the company's next-generation AI processor Blackwell.
The earnings reports from Walmart and Target will bring a climax to the retail earnings season. Analysts expect Walmart's growth in the second quarter to slow down, but the stock has surged 60% this year. Target has risen by 8%.
The stock market rebound has led to a significant decline in major indices this week, with small-cap stocks experiencing larger declines after a substantial rise following Trump's election the previous week. U.S. Treasury yields have steadily risen to a five-month high.
After Bitcoin prices surged to a historic high of over $93,000 on Wednesday, they fell to around $90,000 early Saturday. Bernstein analysts urged investors in a report on Monday to &#34;increase investments in the cryptocurrency sector as soon as possible,&#34; predicting that Bitcoin prices could reach $200,000 by the end of 2025.
This week, the retail industry's attention is primarily focused on the reports from Walmart and Target, but the end-of-quarter retail reports will also include Ross Stores (ROST.US), TJX (TJX.US), BJ's Wholesale (BJ.US), among others. The stock prices of TJX and BJ's are slightly below the buy point, so if they unexpectedly rise, it could have a significant impact.
Meanwhile, next week will also see the latest data from the housing market, including the November Homebuilder Confidence Index and October New Housing Starts data, which will provide investors with the latest dynamics of the housing market. Additionally, the PMI preview data for the services and manufacturing sectors will also be released next week, providing investors with more clues about the overall health of the economy.
Specifically, the economic calendar shows that the November Homebuilder Confidence Index report will be released on November 18, and the October New Housing Starts data will be announced on November 19. By November 21, reports such as the Philadelphia Fed Manufacturing Survey, October Existing Home Sales, and October Leading Economic Index will be released in succession. Finally, on November 22, investors will welcome important data including the preliminary value of the November S&amp;P U.S. Services PMI, the preliminary value of the November S&amp;P U.S. Manufacturing PMI, and the final value of the November Consumer Confidence Index
Regarding the Federal Reserve, following comments from Chairman Jerome Powell last week on the future direction of interest rates, several speeches from Federal Reserve officials in the coming week will also become a focal point for the market. Powell hinted that the U.S. central bank may adopt a cautious approach to future interest rate decisions, which will undoubtedly have a significant impact on market interest rate trends.
It is worth mentioning that the 12th Annual Financial Stability Conference of the Cleveland Federal Reserve Bank will be held on Thursday and Friday, discussing the potential risks brought about by the development of artificial intelligence and interconnected financial systems. In San Francisco, the QCon International Software Development Conference will last for a week, focusing on technological innovation and software engineering, and this conference typically assesses trends that affect tech stocks and the broader digital economy

NVDA

In the coming week, the market will focus on NVIDIA's earnings report, which is expected to impact the trends of technology and artificial intelligence stocks. At the same time, the earnings reports of Walmart and Target are also highly anticipated. In terms of economic data, the housing market and manufacturing preliminary index will provide early indicators of economic growth. The volatility of Bitcoin prices has attracted the attention of investors, with Bernstein analysts predicting that Bitcoin will reach $200,000 by the end of 2025

- In the coming week, market attention will shift from stock volatility to key earnings reports, particularly from Nvidia, Walmart, and Target.  
- Economic indicators, including housing market data and preliminary PMI indices, will provide insights into growth, while Bitcoin's price fluctuations remain a focal point for investors.  
- The Federal Reserve's upcoming meetings and discussions on interest rates, alongside significant retail and economic data releases, will further influence market dynamics.

Wall Street Outlook for This Week: NVIDIA's Earnings Report Shocks Coming, Retail Giants' Earnings Reports and Real Estate Data Follow Closely