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3 Stocks To Watch In The Coming Week: NVIDIA, Cisco Systems, Airbnb

By Investing.com (Haris Anwar/Investing.com)Stock MarketsFeb 13, 2022 08:14AM ET
www.investing.com/analysis/3-stocks-to-watch-in-the-coming-week-nvidia-cisco-systems-airbnb-200617843
3 Stocks To Watch In The Coming Week: NVIDIA, Cisco Systems, Airbnb
By Investing.com (Haris Anwar/Investing.com)   |  Feb 13, 2022 08:14AM ET
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During the past few weeks, after some of the largest US companies released strong earnings results, investors will be turning their focus to the volatile macroeconomic environment where potential geopolitical threats and inflation have emerged as the biggest concerns.

Markets went through another bout of selling pressure late last week after the January inflation report showed the consumer price index rose at the highest pace since February 1982, sparking fears of more aggressive monetary tightening by the Fed.

With prices escalating, the geopolitical situation in Eastern Europe also spooked investors after the White House warned that Russia could shortly invade Ukraine. Both the US and UK have called for their citizens to leave Ukraine as soon as possible. 

Amid this volatile environment for stocks, we're also keeping an eye on three significant earnings announcements, scheduled for the week ahead, that could provide some insight into how companies foresee the coming months, especially when the Omicron wave is slowing.

1. NVIDIA

Semiconductor giant NVIDIA (NASDAQ:NVDA) will report its fourth quarter, FY2022 earnings on Wednesday, Feb. 16 after the market close. Analysts expect the chipmaker to produce an EPS of $1.22 on revenues of $7.41 billion.

NVDA Weekly TTM
NVDA Weekly TTM

The Santa Clara, California-based chip manufacturer is the biggest producer of graphics chips used in personal computers and gaming. Over the past few years, NVDA has successfully adapted its technology for the Artificial Intelligence market, creating an additional, new, multi-billion-dollar line of business.

Due to swelling demand from these sectors, the price of NVDA stock has soared, gaining more than 200% during the past two years, making it one of the biggest tech giants in the world. The stock, however, failed to keep its upward momentum this year as investors sold-off growth-oriented stocks on fears of higher interest rates.

The stock closed on Friday at $239.49, after falling more than 7% amid a broad-based market sell-off.

2. Cisco Systems

Cisco (NASDAQ:CSCO) will report its fiscal 2022, second quarter earnings on Wednesday after the market closes as well. The San Jose-based networking giant will likely report $0.81 a share profit on sales of $12.66 billion, according to analysts’ consensus forecast.

CSCO Weekly TTM
CSCO Weekly TTM

Under Chief Executive Officer Chuck Robbins, the Silicon Valley stalwart is being transformed into a provider of networking services delivered over the internet as well as a seller of software. Revenue from subscriptions will reach 50% of Cisco’s total earnings by fiscal 2025, the company told analysts in September. 

The revamped business unit structure includes the Networks unit, Internet for the Future, which encompasses optical networking and 5G-related products, and Hybrid Work, which includes Webex and other collaboration tools.

Cisco stock closed on Friday at $53.90, down about 15% so far this year.

3. Airbnb

The stays and experiences travel services platform Airbnb (NASDAQ:ABNB) will report Q4 2021 earnings on Tuesday, Feb. 15, after the market close. Analysts forecast a profit of $0.044 a share for the period on sales of $1.46 billion.

ABNB Weekly TTM
ABNB Weekly TTM

The San Francisco-based company has weathered the pandemic-triggered slump in travel much better than its rivals, benefiting from people opting to travel closer to home and often booking for longer periods or more frequent stays to take advantage of flexible remote work policies. In September, Airbnb announced it had welcomed its billionth guest. 

As travel restrictions ease globally after the latest surge in COVID infections, chances are the company will have a rosier forecast for its upcoming spring and summer quarters. Airbnb stock closed on Friday at $166.53, little changed so far this year.

3 Stocks To Watch In The Coming Week: NVIDIA, Cisco Systems, Airbnb
 

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3 Stocks To Watch In The Coming Week: NVIDIA, Cisco Systems, Airbnb

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Gershom Zvi
Gershom Zvi Feb 13, 2022 3:56AM ET
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I dont understand sell off of NViDIA just marker is falling due to internal and external instability of stockmarket
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Peter ONeill
Peter ONeill Feb 13, 2022 3:56AM ET
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Gershom Zvi  IMHO, Putin will stop with the Eastern Pro Russian Areas which have been disputed since 2014 under the pretense he is protecting Russian speakers from genocide (maybe try to form a landbridge between these regions and Crimea). He knows he would need to keep a standing army of 200,000+ inside Ukraine to maintain order if he invades the whole country. Something he won't be able to do long term if Ukraine resistance in the Western Pro EU regions is sending body bags back to Russia / Sanctions start to hit the Russian economy as he won't be able to afford such a standing army long term without oil revenues from the EU.
Gershom Zvi
Gershom Zvi Feb 13, 2022 3:56AM ET
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Peter ONeill https://www.reuters.com/technology/white-house-tells-chip-industry-brace-russian-supply-disruptions-2022-02-11/
Expressions Productions
Expressions Productions Feb 13, 2022 3:56AM ET
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Agree. I don’t get $NVDA sell off except mm investors got spooked about AIM deal called off. But tge AIM deal has zero impact on NVDA revenue and sales. I think it was an overreact. The shorts will get buned again post earnings announcement. Exoect $300 in a hurry
Expressions Productions
Expressions Productions Feb 13, 2022 3:56AM ET
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Peter ONeill unlike Trump, Biden, Borris J Putin is a shrewd tactician politician hes ruthless but very snart. Yes eventually he will occupy Ukraine but not by military might but rather winning the political and economic clout in Ukraine. The West is just trying to push the whole World into post pandemic military confrontation.
Peter ONeill
Peter ONeill Feb 13, 2022 3:56AM ET
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Expressions Productions  PE Ratio of 73 versus a long-term PE average of 35. That might be accepted in a high stimulus / low-interest-rate market but once the bears take over it will fall back to its long-term PE average. As share prices will be based on current cash profits in a rising interest rate market - not forward-looking potential. To justify its current price it would have to increase earnings by 100% over record levels reached in 2021. Is this possible? 0 chance as constrained by manufacturing capacity. Might get a short bounce post-earnings but can see it being dragged down like the rest of the market over the next 6 - 9 months. Can see it easily drop to $120 - $150 over the next 12 months before rebounding.
 
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