3 Stocks To Monitor Next Week

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

1. Walmart

Walmart (NYSE:WMT), the largest US retailer, will announce its fiscal 2022 third-quarter results on Tuesday, November 16, ahead of market opening. The consensus estimate was $1.40 per share with revenue of $135.43 billion. According to Walmart, there will be a slight decline in earnings per share for the current fiscal year, but comparable sales in the US will still remain in positive territory. Even if the reduction in the impact of the epidemic has been gradual, Walmart stock has not performed very impressively this year, gaining only 2% compared to the 25% increase in the S&P 500 index since the beginning of the year. Walmart shares closed Friday at $147.76.

2. Home Depot

Home decor giant Home Depot (NYSE:HD) will also announce its 2021 third quarter results ahead of market opening on Tuesday. Analysts expected earnings of $3.41 per share with sales of $34.89 billion. Home Depot announced that same-store sales rose 4.5% in the period ending August 1, below the analysts' average estimate of 5.6%. Same-store sales were up over 20% in the last four quarters, marking historic growth for the Atlanta-based retailer. These uncertainties created a fear of a slowdown in the company's activities in the coming period and slowed the upward movement of HD stock. Shares, which have risen 4% in the last three months, closed Friday at $ 372.63.

3. NVIDIA Corporation

Semiconductor giant NVIDIA Corporation (NASDAQ:NVDA) will announce its third-quarter results on Wednesday, November 17, after the market close. Analysts expect the chipmaker to report earnings of $1.11 per share, with revenue of $6.82 billion. Over the past years, NVDA has successfully adapted its technology to the artificial intelligence market, creating a new multi-billion dollar business. With the high demand from these industries, NVDA stock has more than doubled in value this year, putting a large margin against other market players. After this impressive rally, expectations are high that the company will announce another quarter that beat expectations. The stock closed Friday at $303.90.         Source: Investing.com