Nvidia, retail earnings, existing home sales: What to Watch
Yahoo Finance Live Anchor Josh Lipton previews what investors should pay attention to for Tuesday, November 21, including earnings from retailers such as Kohl's (KSS) and Lowe's (LOW), while Nvidia (NVDA) reports its earnings after tomorrow's closing bell, and housing data and the Fed's FOMC meeting minutes are also expected out.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Video Transcript
JOSH LIPTON: Take a look at what to watch on Tuesday. It's a busy day for earnings ahead of the open with retail in focus. Kohl's, Lowe's, Best Buy, and Abercrombie, and Fitch, are the key names to watch. And it's been a mixed picture we know for the sector, especially heading into the key holiday season. Other companies have raised concerns about soft spending in the current quarter.
Then after the close it's all about NVIDIA shares. The chip giant closing at an all-time high, heading into tomorrow's results. Stock has already tripled this year, and NVIDIA has beat analyst expectations for 19 of the last 20 quarters. Because of that consistency it's the outlook that Wall Street is really watching closely here.
Company facing some concerns about regulation after the US government limited chip exports to China. Other companies reporting after the close include HP Inc and Nordstrom. And then on the economic calendar, we're going to get some existing home sales, and the Fed minutes.
- Ooh, busy.
