On Wednesday, May 22, Yahoo Finance analysts Julie Hyman and Joseph Lipton discussed key events to watch in the financial world. Several companies, including Nvidia, TJX, Target, Synopsys, Williams-Sonoma, and Elf Beauty, are expected to report earnings. The Federal Reserve will release minutes from the May FOMC meeting, giving insight into monetary policy decisions. Additionally, new data on April existing home sales is expected to show an increase.
Nvidia is one of the most anticipated earnings reports, with analysts expecting earnings of $5.65 per share and revenue of about $25 billion. This would represent a significant increase from the same period last year. The Federal Reserve’s release of minutes from the FOMC meeting will provide more perspective on monetary policy decisions leading up to the next central bank meeting in June.
Economists predict a rise in existing home sales for April, following a drop in the previous month. High interest rates are continuing to put pressure on home buyers. The market is eagerly awaiting these key events to gauge the state of the economy and make investment decisions accordingly.
For more expert insights and market updates, viewers can watch the full episode of Market Domination Overtime on Yahoo Finance. This post was written by Melanie Riehl.
In summary, the financial world is buzzing with anticipation for earnings reports from major companies like Nvidia, TJX, and Target. The Federal Reserve will release minutes from the FOMC meeting, and new data on existing home sales is expected to show growth. Investors are keeping a close eye on these events to make informed decisions on their investments.
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https://finance.yahoo.com/video/nvidia-earnings-fomc-minutes-housing-205620880.html