Nvidia to keep surfing tech spending wave: Earnings week ahead

Redd Brown, Lara Sanli, Allegra Fradkin, and Ignacio GonzalezNick Mersch, associate portfolio manager at Purpose Investments, joins BNN Bloomberg to discuss his outlook for Big Tech.

The week will also see a decidedly divergent set of results from Canadian lenders. Royal Bank of Canada is expected to post healthy growth across its interest and non-interest income segments, while higher provisions for loan losses will eat into Bank of Montreal and Bank of Nova Scotia earnings.Heico 2024 sales could come in higher than forecast if its plane replacement parts business continues to benefit from increased air traffic and an aging commercial fleet, Jefferies said.

Royal Bank of Canada’s net interest income should expand 9.6% versus 6.7% a year ago, thanks to the inclusion of HSBC’s Canadian operations, BI said. Non-interest income is likely to grow 12% versus 7.2% a year earlier. Five Below’s full-year earnings could come in lower than consensus after comparable sales slowed post-Fourth of July, Oppenheimer said. Adding to near-term uncertainty, the discount retailer may struggle to reposition itself after the departure of CEO Joel Anderson last month. Rival Dollar General , which reports Thursday, also faces a challenging operating environment with its operating margin still under pressure, said Argus Research.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street is still bullish on Nvidia ahead of Q2 earningsSixty-six Wall Street analysts have a Buy rating on Nvidia (NVDA) ahead of the chip giant's second quarter earnings due out Wednesday, August 28. Should...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock slips ahead of earnings release as Wall Street reiterates bullish outlookNvidia stock is getting more Wall Street backing ahead of the company's crucial earnings report set for next week.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia snaps its 5-week losing streak ahead of Q2 earningsNvidia (NVDA) shares are snapping a stock's five-week losing streak, surging more than 15% last week.. The next big test for the stock will be its earnings...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Dan Ives calls AI ‘the fourth industrial revolution’ ahead of Nvidia earningsA veteran technology analyst says the dissemination of artificial intelligence (AI) will continue to drive tech stocks higher this year, with megacaps like Nvidia leading the way.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news today: Nasdaq sinks, Nvidia drops 7% ahead of Big Tech earningsA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia earnings highlight a busy end of August: What to know this weekA highly anticipated earnings release from Nvidia is expected to have implications for investor sentiment across the broader market in the week ahead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »