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3 Stocks To Watch In The Coming Week: Walmart, NVIDIA, Alibaba

By Investing.com (Haris Anwar/Investing.com)Stock MarketsAug 16, 2020 03:40AM ET
www.investing.com/analysis/3-stocks-to-watch-in-the-coming-week-walmart-nvidia-alibaba-200534183
3 Stocks To Watch In The Coming Week: Walmart, NVIDIA, Alibaba
By Investing.com (Haris Anwar/Investing.com)   |  Aug 16, 2020 03:40AM ET
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With the S&P 500 having fully recovered its losses since the March dip, investors are now searching for new catalysts that could continue to fuel this unprecedented rally.

There's likely more upside for US stocks as investors factor in American economic growth prospects and the COVID-19 vaccine outlook, according to Goldman Sachs Group. Equities closed higher last week, as the S&P 500 flirted with record levels that had been hit in February. The benchmark index ended the week up 0.6% at 3,372.

According to Bloomberg data, it took just 175 days for the index to go from peak to trough to peak, a recovery that has come faster than any comparable one in the past.

Next week, even with some high profile companies releasing earnings, US-China tensions and coronavirus updates will likely grab the spotlight. Nonetheless, here are three stocks worth keeping on your radar:

1. Walmart

America’s largest retailer, Walmart (NYSE:WMT), will report Q2 earnings on Tuesday, Aug. 18 before the market opens. Consensus anticipates EPS of $1.25 on revenue of $135.29 billion.

The retailer is getting a major boost from the current, coronavirus environment, where consumers are mostly working from home, consuming more groceries and household essentials. Factors like these have helped push Walmart's same-store sales up 10% in the first-quarter with the average expenditure higher by 16%.

WMT Weekly TTM
WMT Weekly TTM

Walmart's large brick-and-mortar presence, along with its rapidly expanding e-commerce positioning is also helping the retailer to further expand its appeal during the coronavirus pandemic. Walmart’s e-commerce sales in the US surged 74% in the first quarter, which ended April 30.

With the expectation the Bentonville Arkansas-based retailer will report strong quarterly earnings and growing online sales, investors have pushed WMT shares up 12% this year. The stock closed up 0.6% on Friday at $132.60.

2. NVIDIA

One of the world's largest chipmakers, NVIDIA (NASDAQ:NVDA), reports Q2 2021 earnings on Wednesday, Aug. 19 after the market close. Analysts are expecting EPS of $1.98 a share on revenues of $3.65 billion.

After soaring 76% in 2019, shares of NVIDIA continued to rise this year despite the threat of a deep recession.

NVDA Weekly TTM
NVDA Weekly TTM

The stock hit a record high of $468.78 on Thursday, after almost doubling in value this year, hugely outperforming the Philadelphia Semiconductor Index, which has gained barely 17% as of close of trade last week. NVDA shares finished Friday at $462.56 after gaining about 1.06% during the session.

While the chipmaker is unlikely to escape some demand slowdown from cyclical industries like autos, analysts are focusing on the company’s supplies to gaming and data center clients.

NVIDIA, based in Santa Clara, California, is the biggest maker of graphics chips used in personal computer gaming. Over the past few years, the chipmaker has successfully adapted its technology for the Artificial Intelligence market, creating a new multi-billion-dollar business.

3. Alibaba

The Chinese e-commerce giant, Alibaba (NYSE:BABA) will report its fiscal 2021, first quarter results before the market opens on Thursday, August 20. Analysts anticipate $13.82 EPS on sales of $148.06 billion.

The latest earnings from Alibaba will provide some insight on Chinese consumer spending as the world’s second-largest economy recovers from the pandemic which pushed growth into a negative territory this year.

BABA Weekly TTM
BABA Weekly TTM

In its last earnings report, released in May, Alibaba posted sales and earnings that topped estimates, helped by its core commerce business and its customer management unit.

Alibaba shares are up 20% for the year. They closed Friday at $253.97. Like US counterparts including Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) among others,  who are aiming to expand their presence in the growing cloud computing segment, Alibaba is also investing heavily to expand its business in this arena.

The company plans to invest 200 billion yuan (USD $288M) on cloud infrastructure such as data centers over the next three years, a major effort to extend one of its fastest-growing businesses to more countries.

3 Stocks To Watch In The Coming Week: Walmart, NVIDIA, Alibaba
 

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3 Stocks To Watch In The Coming Week: Walmart, NVIDIA, Alibaba

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Comments (7)
iam Maverick
iam Maverick Aug 16, 2020 8:01PM ET
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I'm new to trading. Which trading application are recommended for use? Like IQ option, expert option etc or any other.
Wijtha Gayan
Wijtha Gayan Aug 16, 2020 8:01PM ET
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broker depending leverage ,spred ,regular broker . i think ic market ,osanda ,axi tader,fx com better
William Mills
William Mills Aug 16, 2020 8:01PM ET
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TD Ameritrade or Robin Hood.
Anthony Mcclain
Anthony Mcclain Aug 16, 2020 4:47PM ET
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would love to hear your thoughts on $SRNE
Emmanuel Aprilakis
Emmanuel Aprilakis Aug 16, 2020 4:47PM ET
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Fraud company, definitely stay away
Emmanuel Aprilakis
Emmanuel Aprilakis Aug 16, 2020 4:47PM ET
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Q.E.D.
Ntokozo Ed
Ntokozo Ed Aug 16, 2020 3:06PM ET
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I work for Walmart in S.A. We are hoping for the best since Game stores are retrenching Domestically. #Heartbroken
Likolonke Mapukata
Likolonke Mapukata Aug 16, 2020 2:18PM ET
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Help! Are we buying or selling, and what are we buying or selling. I'm new to this😭
Darius Durr
Darius Durr Aug 16, 2020 2:18PM ET
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Paper trade
Jeremy Thornton
Jeremy Thornton Aug 16, 2020 2:18PM ET
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Bad timing to be starting out. I recommend learning. Study how to use options. Probably one of the best tools right now is to sell premiums.
Jim Horn
Jim Horn Aug 16, 2020 2:18PM ET
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Options!?!? Let's go fishing for the first time and try fly fishing. Just wait for a retracement, which will come, and buy strong companies with good balance sheets..
Tele LL
TradingMonkey5 Aug 16, 2020 1:44PM ET
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How long was my nap? Nvidia reporting Q2 2021
Jay West
Jay West Aug 16, 2020 12:23PM ET
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Anyone shorting Alibaba tomorrow based on Trump’s speech?
Sandeep Gorai
Sandeep Gorai Aug 16, 2020 12:23PM ET
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Reese Proctor
Reese Proctor Aug 16, 2020 12:23PM ET
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Haha did you even watch the speech? Trump never said anything outside of the usual
Camaro Camero
Camaro Aug 16, 2020 12:23PM ET
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SHOULD drop like a rocket in premarket.
Jurgen Daub
Jurgen Daub Aug 16, 2020 12:23PM ET
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to complete....the usual lies...
Indiana Jones
Indiana Jones Aug 16, 2020 12:23PM ET
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He is just trying to move the market every day by shooting off about how bad China is. The market won’t even blink on BABA.
Leonid Alexander Norsworthy
Leonid Alexander Norsworthy Aug 16, 2020 4:43AM ET
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Alibaba is about t get hit by anti China sanctons
Tim Apple
Tim Apple Aug 16, 2020 4:43AM ET
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Alibaba isnt going anywhere
jamal shaath
jamal shaath Aug 16, 2020 4:43AM ET
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Good so i can buy on DIp
Veloci Raptor
Veloci Raptor Aug 16, 2020 4:43AM ET
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Even if this does go through, Asia is a much ********market for baba than the US alone. They’re poised for growth
Jeremy Williams
Jeremy Williams Aug 16, 2020 4:43AM ET
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Not going to happen just trump blowing hot air per usual.
Michael Frankowski
Michael Frankowski Aug 16, 2020 4:43AM ET
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Noe Aguilar Trump ain't going anywhere j/o.
 
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