Earnings season: Nvidia, Home Depot & Walmart
Another big week ahead for US earnings, with Home Depot and Walmart hoping to ride the wave of strong consumer spending once again in Q4. However, Nvidia will undoubtedly take the headlines, with the stock having recently overtaken Amazon’s market cap thanks to a huge AI-led rally for this chipmaker. Will we see their lofty valuation justified? Chief Market Analyst Joshua Mahony takes a look at these three stocks, while also providing an overview on earnings season thus far.
Disclaimer: This material is a marketing communication and shall not in any case be construed as an investment advice, investment recommendation or presentation of an investment strategy. The marketing communication is prepared without taking into consideration the individual investors personal circumstances, investment experience or current financial situation. Any information contained therein in regardsto past performance or future forecasts does not constitute a reliable indicator of future performance, as circumstances may change over time. Scope Markets shall not accept any responsibility for any losses of investors due to the use and the content of the abovementioned information. Please note that forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.