Among them is home improvement retailer Home Depot ( HD (opens in new tab), $371.12), which will unveil its third-quarter results ahead of Tuesday's open.ġ3 Best Infrastructure Stocks for America's Big Building SpendĪnalysts, for the most part, are optimistic toward HD stock.
Wall Street will get a clearer look at consumers' spending behavior in the third quarter, with several retailers set to report earnings. Home Depot Headlines Busy Stretch of Retail Earnings Analysts, on average, are guiding for slightly higher earnings of $1.11 per share – up 52.1% year-over-year (YoY) – on $6.8 billion in sales. As for the company's upcoming earnings report, Bryson believes "the combination of unprecedented demand for both data center and client offerings will allow NVDA to again exceed expectations when they report numbers."īryson is anticipating earnings per share (EPS) of $1.10 and revenues of $6.8 billion.
He remains "very bullish" on the semiconductor stock in both the near and long term. Instead, the downgrade was more a result of valuation concerns following the stock's race up the charts. True, he recently downgraded the stock to Neutral from Outperform – the equivalents of Hold and Buy, respectively – but said that while he would typically "want to tie a rating change to some sort of negative catalyst frankly there is none." The optimism is shared by Wedbush analyst Matt Bryson.
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