3 Stocks To Monitor In The Upcoming Week

3 Stocks to monitor in the upcoming week have been determinted. Those 3 stocks were Walmart, Home Depot and Delta NVIDIA stocks.

With the majority of tech giants in the US now posting their quarterly results, next week's agenda will be retailers' reports and forecasts for consumer demand for the summer and beyond.

1. Walmart

Walmart (NYSE:WMT), America's largest retailer, will announce its fiscal 2022 second-quarter results on Tuesday, August 17, ahead of market opening. The consensus estimate was earnings per share of $1.56, with sales of $136.63 billion. With consumers returning to their homes stocking up on food products and consuming more of their daily basic needs, Walmart stood out as one of the names that benefited net from the epidemic period. According to Walmart, there will be a slight drop in earnings per share in the current fiscal year, but US comparative sales will still be in positive territory. Although the impact of the epidemic has waned, Walmart stock has not performed very well this year, rising only around 4 percent. Shares closed Friday at $149.53.

2. Home Depot

Home decor giant Home Depot (NYSE:HD) will also announce its 2021 second quarter results before the market open on Tuesday. Analysts were expecting the company to post a profit of $4.42 per share, with sales of $40.48 billion. Another company that benefited from the fact that consumers turned to their homes during the epidemic was Home Depot. However, now that the incentives are over and consumers are starting to leave the house again, the company may experience a slowdown. HD stock, which closed Friday at $331.32, gained 26 percent this year, outperforming the S&P 500.

3. NVIDIA Corporation

Semiconductor giant NVIDIA Corporation (NASDAQ:NVDA) will announce its second-quarter results on Wednesday, August 18, after the market close. Analysts expect the company to report a profit of $1.02 per share on revenue of $6.32 billion. The stock, which suffered a 4-for-1 split in July, closed Friday at $201.88 after rising 55 percent this year. In May, NVIDIA provided a positive forecast for demand for its chips used in gaming PCs, data centers, and cryptocurrency mining.   Source: Investing.com