We’re moving into what is perhaps essentially the most consequential week of the This autumn earnings season. The highlight is squarely on the AI advanced, however we even have a large slate of shopper and enterprise tech names able to set the tone for the remainder of the quarter.
Right here is the breakdown of the important thing occasions and macro themes to observe.
The Macro Themes
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The AI Bellwether: Wednesday afternoon is all about NVIDIA (NVDA). Buyers are at the moment wrestling with elevated valuations and heavy AI spending in mega-cap know-how shares. The market will probably be searching for clear proof that this large infrastructure spend is translating into sturdy returns, in any other case, a broader rotation out of mega-cap tech might unfold.
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Enterprise Tech & Software program: Software program is all of the sudden a foul phrase in markets and we’ve main studies from Salesforce (CRM), Snowflake (SNOW) and Workday (WDAY). These are three corporations which were overwhelmed up. It is onerous to think about they will say something to persuade market’s that AI will not be disruptive so even on robust earnings we might see a ‘promote the rip’ commerce.
Salesforce CRM, day by day
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The Client & Housing: Family spending has been slowing sequentially, and up to date retail gross sales knowledge has been basically flat. We are going to get a direct take a look at shopper resilience and the state of the housing/renovation market through Dwelling Depot (HD), TJX (TJX), and Domino’s Pizza (DPZ).
Earnings Schedule
Monday, February 23
AM: GeneDx, Domino’s Pizza, Axsome, Dominion Power, Stepan, Freightos, Emera, Freshpet, Easterly Authorities Properties, Lincoln Tech
PM: hims & hers, BWXT, Kratos, Keysight Applied sciences, Primoris, Diamondback Power, JBT Marel, Ovintiv, ONEOK, Offerpad
Tuesday, February 24
AM: Cipher Mining, Dwelling Depot, DigitalOcean, NRG Power, Leonardo DRS, FIS, Xometry, Amer Sports activities, Life Time, Planet Health
PM: AMC, MercadoLibre, CAVA, Axon, Zeta, Navitas, Workday, Tempus, Unisys, HP
Wednesday, February 25
AM: Hut 8, TJX, Trinity Capital, Photronics, Circle, Valens, Recursion, Ionis, Blackstone Secured Lending, BMO
PM: NVIDIA, The Commerce Desk, Salesforce, Snowflake, IonQ, Synopsys, Array Applied sciences, Pure Storage, VICI Properties, Nutanix
Thursday, February 26
AM: D-Wave, Celsius, Vistra Power, ACM Analysis, Eos, Baidu, Q, Rackspace, Warner Bros. Discovery, Gigacloud Know-how
PM: CoreWeave, Rocket Lab, Marathon Digital, Innodata, Dell, OPKO, SoundHound, Zscaler, Duolingo, Compass Diversified
Friday, February 27
AM: Power Fuels, 1stDibs, Endeavour Silver, Globalstar, Through, Arbor, TCP Capital, Sunstone, NW Pure, Amneal