Monday Morning Must-Knows - November 18, 2024

Monday Morning Must-Knows by Trading Academy

November 18, 2024

WillNvidia's Earnings Defy Customer Slowdown?

Theupcoming trading week offers plenty to watch post-election and amid ongoingmarket volatility. Last week ended with a correction in major indexes,reflecting concerns over the Fed potentially holding rates steady intoDecember. 

Key earnings dominate the week: 337 companies report, starting Tuesday withWalmart, Lowe’s, and Burlington. Wednesday is pivotal, featuring Nvidia'searnings after market close, with high stakes given its AI leadership andconcerns over slowing customer demand. Other names include Target, Palo Alto,and Neo.

On the macro side, housing data takes the spotlight early: NAHB housing marketindex Monday, followed by building permits and starts Tuesday, and existinghome sales Thursday. Rising mortgage rates could impact activity. 

Friday brings manufacturing and services data globally, including key numbersfrom the U.S.

While Nvidia’s report is the highlight, broader trends like surging bond yieldsand cautious spending by tech giants like Google and Microsoft will shapemarket sentiment. Stay sharp!

As always, if you’re in the markets, make sure you have a trade plan. Join usfor a FREE introductory class. Learn about tools & rules for trading withconfidence-so you can stay one step ahead of market volatility. Stay Informed,Start Knowing Today!