• This week will focus on Fed speakers and Nvidia earnings.
• Nvidia is a buy as it has another huge beat and raise quarter.
• Target is a sell as sales are expected to decrease and the outlook is expected to be lower.
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U.S. stocks ended lower on Friday, with the Nasdaq and Nasdaq posting their biggest single-day losses in two weeks as post-election gains lost momentum and investors worried about the fate of interest rates. Recorded.
For the week, the S&P 500 fell 2.1%, and tech stocks fell 3.1%. Blue chip stocks fell 1.2% over the same period. 
Source: Investing.com
The coming week is expected to be eventful as investors continue to assess the outlook for the economy, inflation, interest rates and corporate earnings.
On the economic calendar, Friday will feature the latest information on the housing market, as well as preliminary PMI figures for the manufacturing and services sectors.
It will also feature a number of Fed speakers, including Jeffrey Schmidt, Lisa Cook, Michelle Bowman and District Governor Beth Hammack. 
Source: Investing.com
As of Sunday morning, 63% expected a 25 basis point rate cut at the Fed’s December meeting, the paper said.
In other corporate earnings, Nvidia (NASDAQ:) earnings will be the key update this week as the third quarter reporting season winds down. Other notable companies named in the earnings report include Walmart (NYSE:), Target (NYSE:), TJX Companies (NYSE:), Ross Stores (NASDAQ:), Lowe’s (NYSE:), and Palo Alto. Networks (NASDAQ:), Snowflake (NYSE:).
Regardless of which direction the market goes, here are stocks that are likely to be in demand and that are poised for new downside. However, please note that my period is only for one week, from Monday, November 18th to Friday, November 22nd.
Purchased brand: Nvidia
Nvidia is poised to make big gains this week as it prepares to report another better-than-expected quarterly earnings report this week as demand for its AI chips soars.
The Santa Clara-based company is scheduled to report third-quarter results after the market closes at 4:20 p.m. ET on Wednesday, raising hopes for more record-breaking results. A call with CEO Jensen Huang is scheduled for 5 p.m. ET.
Market participants expect NVDA stock to move significantly after printing, with an expected move of 9.8% in either direction, according to the options market. 
Source: InvestingPro
Investor sentiment is overwhelmingly bullish, as evidenced by 30 upward earnings revisions in the past 90 days, according to InvestingPro. Nvidia has consistently outperformed expectations and led the way in the technology space, while growth prospects for artificial intelligence remain strong.
Consensus estimates are for NVIDIA to report earnings per share of $0.74, up 85% from the year-ago quarter’s EPS of $0.40. Meanwhile, sales are expected to rise 82% annually to $33.1 billion, highlighting the company’s unparalleled dominance in the AI chip market.
Of particular interest is this quarter’s guidance, which marks the debut of Nvidia’s next-generation Blackwell AI processors. CEO Jensen Huang said demand for Blackwell was “insane,” setting the stage for a better-than-expected outlook.
NVDA stock closed Friday’s trading at $141.98, just below its all-time high of $149.65 set on Nov. 12. The stock price soared 186.7% in 2024, making NVDA one of the best-performing stocks in the S&P 500 this year. At current levels, NVIDIA’s market capitalization stands at $3.48 trillion, making it the most valuable company traded on the U.S. stock exchange. 
Source: Investing.com
Notably, InvestingPro’s AI-powered quantitative model gives NVIDIA a solid Financial Health Score of 3.7 out of 5.0, highlighting its solid profitability and promising growth trajectory. worth it.
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Number of shares planned to be sold: Target
In stark contrast, Target faces a much more difficult outlook. The retail giant has struggled with high operating costs, shrinking profit margins and intense competition from rivals such as Walmart.
Volatile traffic trends, seasonal weather challenges and uncertainty about the impact on the election are exacerbating the retail giant’s struggles.
Target, the seventh-largest brick-and-mortar retailer in the United States, is scheduled to release its third-quarter earnings report Wednesday ahead of the opening bell at 6:30 a.m. ET.
Traders are pricing in TGT stock moving about 9% in either direction after printing, according to options markets. 
Source: InvestingPro
Wall Street expects earnings of $2.30 per share, up 9.5% from $2.10 a year earlier. Sales are expected to increase modestly by 2% to $25.9 billion, highlighting weak consumer demand for general goods such as home furnishings and apparel.
Looking ahead, CEO Brian Cornell is likely to provide cautious guidance heading into the all-important holiday quarter, citing a difficult operating environment, competitive environment and continued discounting activity. External headwinds such as weather disruptions and broader economic uncertainty further complicate the outlook.
With disappointing third-quarter results and a cautious outlook for the holiday season, the stock’s downside risk outweighs the potential gains. Investors should avoid Target during this difficult retail environment.
TGT stock closed at $152.13 on Friday. The stock has significantly underperformed the S&P 500 this year, gaining 6.8%. At its current valuation, the Minneapolis-based retailer has a market capitalization of $70 billion. 
Source: Investing.com
It should be noted that Target currently has a below-average InvestingPro Financial Health Score of 2.6 out of 5.0, as concerns persist over declining profit margins and inconsistent sales growth. .
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Disclosure: As of this writing, I am long the S&P 500, but via the SPDR® S&P 500 ETF, and the Invesco QQQ Trust ETF. I’m also long the Technology Select Sector SPDR ETF (NYSE:).
I regularly rebalance my portfolio of individual stocks and ETFs based on an ongoing risk assessment of both the macroeconomic environment and corporate finances.
The views expressed in this article are solely those of the author and should not be taken as investment advice.
For more stock market analysis and insight, follow Jesse Cohen at X/Twitter @JesseCohenInv.
