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U.S. stocks were on track for a flat to slightly lower open Monday as investors geared up for a jam-packed week of earnings spanning pizza chains, semiconductor makers, and sanitation giants.
Here are the stocks likely to dominate today’s headlines:
Huawei’s AI ambitions put fresh pressure on Nvidia
Huawei is preparing to test a powerful new artificial intelligence chip designed to challenge some of Nvidia’s (NVDA-1.54%) top offerings, according to the Wall Street Journal. The Ascend 910D represents a major step in China’s push to build a self-sufficient tech industry despite U.S. sanctions. Nvidia shares fell about 1.5% in premarket trading following the report.
Domino’s delivers a mixed slice
Domino’s beat earnings expectations but missed on revenue, posting adjusted EPS of $4.33 against estimates of $4.07. CEO Russell Weiner said the company is staying focused on “controlling what is under its control” in a “challenging macroeconomic environment,” while celebrating early progress under its “Hungry for MORE” five-year plan. U.S. same-store sales declined 0.5%, while international same-store sales rose 3.7% excluding currency impacts. Domino’s stock slipped roughly 2% before the bell.
More earnings on tap after the close
Waste Management (WM+1.00%) will report after the close, with investors zeroing in on margin trends and pricing power. NXP Semiconductors (NXPI-0.15%) is expected to offer an early read on global chip demand, where a year-over-year earnings decline is projected. Cadence Design Systems (CDNS-1.80%) could provide a key window into how much R&D spending chipmakers are sustaining in a tighter environment.
Visa and Coca-Cola headline Tuesday’s slate, with Big Tech to follow
Tuesday brings results from Visa (V-0.28%), Coca-Cola (KO-0.01%), Booking Holdings (BKNG+2.44%), and Novartis (NVS-0.56%). Later in the week, Microsoft (MSFT-0.92%) and Meta (META-2.36%) are set to headline earnings after the bell Wednesday, offering critical updates on cloud growth, AI momentum, and digital advertising trends.
Amazon (AMZN-2.87%) and Apple (AAPL-0.39%) follow on Thursday, with Berkshire Hathaway (BRK.A-0.82%) closing out the week on Friday — wrapping up one of the busiest earnings stretches of the year.
CEO pessimism on the rise
Adding to the pressure, S&P 500 companies’ leadership mentioned “worse” or “weaker” far more often than “better” or “stronger” during first-quarter earnings calls, with optimism falling to its lowest ratio since 2008.