Preview of week (22Aug2022) - will Nvidia continue her recovery her earnings
Public Holidays Nil for Singapore, Hong Kong, China & the USA Earnings Calendar One of the companies to watch out for during the coming earnings is NVDA. The stock suffered a drop of 14.25% from a year ago and has fallen to a recent low of $140.55. The last few weeks saw a recovery but there seems to be a ceiling around the $189 region. For the coming earnings, the forecast of EPS and revenue are 0.5297 and 6.83B respectively. This is an important reference for the chip industry and the market outlook will be crucial to set the expectation for the rest of the industry. Economic Calendar Home sales (new and pending) in the US will be an interesting area to monitor as we read of more families backing out of their home purchases. Be it the rising interest rates or reduced disposable income, we are seeing more cancellations. This has brought duress to the market, especially home builders. Crude Oil inventories can be seen as a future indicator of consumption. If ...