Nvidia, Lowe's earnings, Jackson Hole Symposium: What to watch next week

Summary:

• Nvidia's Q2 earnings will test the sustainability of the AI rally, with significant stock gains this year.
• Lowe's earnings release follows Home Depot's sales decline; Dick's Sporting Goods report offers insights into consumer demand.
• Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium to provide economic outlook and potential rate decision clues.
• Market reactions to these events will shape future trends; Yahoo Finance offers comprehensive coverage.

Nvidia's second quarter results will be a big test for the massive AI rally, with the stock soaring nearly 200% this year. Analysts are bullish, and Morgan Stanley sees the recent sell-off as a good entry point. Lowe's earnings and other economic insights from the Federal Reserve will also be in focus.

formatted text:

Nvidia's Q2 Results and AI Rally

Nvidia's second quarter earnings will serve as a crucial assessment of the ongoing AI rally, which has propelled the company's stock to impressive gains of nearly 200% this year. Notably, several major financial institutions, including UBS, Wells Fargo, and Barrett, have raised their price targets for Nvidia in anticipation of the results. Morgan Stanley reaffirmed Nvidia as its top pick in the market.

Retail Sector Earnings: Lowe's and Dick's Sporting Goods

Investor attention will also be directed towards the retail sector's performance. Lowe's, a prominent retail chain, is set to release its earnings report, with analysts closely monitoring demand trends. Following a sales decline at rival Home Depot, investors are keen to gauge Lowe's performance. Additionally, Dick's Sporting Goods will provide further insights into consumer demand for clothing and sporting goods.

Federal Reserve's Economic Policy Symposium

Later in the week, all eyes will turn to the Federal Reserve's annual Jackson Hole Economic Policy Symposium. Federal Reserve Chair Jerome Powell is scheduled to deliver a speech on Friday, addressing the symposium attendees. Powell's speech will cover his economic outlook and will be particularly significant for its potential hints regarding future rate decisions. Market participants are eagerly awaiting these insights.

Market Reaction and Coverage

Market participants will closely monitor the market's reaction to Nvidia's earnings, Lowe's performance, and Powell's speech at the Jackson Hole Symposium. Wall Street will pay special attention to any indications of the AI sector's trajectory, the retail industry's resilience, and the Federal Reserve's potential policy adjustments. For comprehensive coverage of the events, viewers are encouraged to tune in to Yahoo Finance's dedicated reporting.

Stay informed with the latest developments in the worlds of technology, retail, and monetary policy as these key events unfold next week.