Reports Expected from Nvidia and Walmart Attract Investors

Third Quarter Earnings Under Review

As the majority of third quarter earnings reports pass by, investors are eagerly awaiting the results of significant companies such as Nvidia (NVDA) and Walmart (WMT). As of November 14, 92% of S&P 500 companies have announced their earnings reports, according to FactSet data. Analysts expect earnings per share to increase by 13.1% for the third quarter. If this figure materializes, it would indicate double-digit earnings growth for the fourth quarter, marking an acceleration from the 12% growth rate in the second quarter of this year.

Expectations were quite low heading into the quarter; as of September 30, analysts anticipated a 7.9% increase in third quarter earnings for S&P 500 companies.

This week, attention will focus on giants in the artificial intelligence and retail sectors such as Nvidia and Walmart. Additionally, earnings reports from companies like Palo Alto Networks (PANW), Home Depot (HD), Lowe's (LOW), Target (TGT), TJX (TJX), and XPeng (XPEV) will also be forthcoming.

Recent Developments

American Bitcoin (ABTC) shares fell 13% in pre-market trading despite a rise in earnings. The company is structured with Eric Trump as co-founder and strategy director, while Donald Trump Jr. is a significant shareholder, and it doubled its profit in the third quarter.

Applied Materials (AMAT) shares lost more than 2% in after-hours trading on Thursday following an announcement of slowed revenue for the chipmaking equipment manufacturer. The company set its revenue forecast for the current quarter at $6.85 billion, while the average analyst expectation was $6.76 billion.

Disney (DIS) shares fell 3% after its third quarter earnings came in below analyst expectations, while Tencent (0700.HK) reported a 15% increase in third quarter revenue, reflecting strong game demand and expanding AI-supported services.

Cisco Systems (CSCO) shares rose by more than 6% after the San Jose-based technology company raised its annual profit and revenue forecasts. Meanwhile, McGraw Hill (MH) shares noted a rise of over 22% following the announcement of its second quarter results.

Venture Global (VG) shares reported a 260% increase in third quarter revenues compared to the same period last year, with the company earning $3.3 billion in the third quarter.

All these developments occur at a time when investors are closely monitoring the markets, and growth in various sectors is becoming increasingly important. It will be essential for investors to observe several key points.