By
Steve Muchoki
April 16th, 2024
The trio of Nvidia, Mattel and Domino’s Pizza are receiving a special focus for the week.
The US exchanges are set off for a new historic week with many events set to steer the price of some stocks. The core market indices have a mixed performance today, marked by a drop of 0.19% to 3,906.71 in the S&P 500 (INDEXSP: .INX).
The Nasdaq Composite (INDEXNASDAQ: .IXIC) saw a slight gain of 0.066% to 13,874.46 after Friday’s trading session and the Dow Jones Industrial Average (INDEXDJX: .DJI) is also entering the week atop an accrued gains of 0.0031% to 31,494.32.
Besides the scheduled events by some firms bordering on the earnings call, projected dividends increase announcement, and other events, the market will look to make some remarkable growth busts owing to improving economic data, coronavirus rollout, and reducing cases of the novel COVID-19.
Firms With Scheduled Earnings Call
There is a defined number of American publicly listed companies with planned earnings call for this week. Discovery Communications Inc (NASDAQ: DISCA), for Palo Alto Networks Inc (NYSE: PANW) is billed for Feb. 22nd, Square Inc (NYSE: SQ), NVIDIA Corporation (NASDAQ: NVDA), and McAfee Corp (NASDAQ: MCFE) amongst others are scheduled for February 24th.
Later in the week, Anheuser Busch Inbev (NYSE: BUD), Best Buy Co Inc (NYSE: BBY) are expected to reveal their quarterly performance figure on February 25, and HP Inc (NYSE: HPQ), as well as Dell Technologies Inc (NYSE: DELL), will be amongst the stocks to watch as their earnings call is made on February 26th.
The pronouncement of earnings can have a positive twist on the direction of the stock, especially when they are above projections. Going by the figures published by the firms who have released their previous performance reports, some of these outfits are bound to benefit from strong investor sentiments amid recovery, post COVID-19 pandemic.
Special on Stocks of Nvidia, Mattel, and Dominos This Week
The trio of NVIDIA, Mattel Inc (NASDAQ: MAT), and Domino’s Pizza Inc (NYSE: DPZ) are receiving a special focus for the week.
NVIDIA has made an impressive showing for its business niche in chip manufacturing. The company’s earnings will be announced with analysts’ expectations of $4.8 Billion in revenue and EPS of $2.80. The tech firm is expected to beat this estimate, drawing on its growing involvement in the 5G network rollout.
Mattel shares are also billed to be impacted by the upcoming New York Toy Fair which the company will provide a strategic update on February 24 as part of its virtual analyst day event according to a report by Seeking Alpha.
As noted by the digital financial investment media, Mattel could outline more details on the live-action films it is developing with major studios like Sony, Walt Disney Co (NYSE: DIS), Warner Brothers, and Paramount, as well as animated programming on Netflix Inc (NASDAQ: NFLX). With these projected growth strides, the company’s shares may see their biggest leap thus far this year.
Domino’s Pizza is also worth keeping an eye on as fast food businesses are showing strong recovery globally with the COVID-19 situation getting better. The company’s dividends are expected to increase to $0.93 from $0.78 on a quarterly basis.