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.
Investors brace for one of the biggest earnings weeks of the year
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 is preparing to test a powerful new artificial intelligence chip designed to challenge some of Nvidia $NVDA’s (NVDA) 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 $DPZ’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.
Waste Management $WM (WM) will report after the close, with investors zeroing in on margin trends and pricing power. NXP Semiconductors (NXPI) is expected to offer an early read on global chip demand, where a year-over-year earnings decline is projected. Cadence $CDNS Design Systems (CDNS) could provide a key window into how much R&D spending chipmakers are sustaining in a tighter environment.
Tuesday brings results from Visa $V (V), Coca-Cola $KO (KO), Booking Holdings $BKNG (BKNG), and Novartis (NVS). Later in the week, Microsoft $MSFT (MSFT) and Meta $META (META) are set to headline earnings after the bell Wednesday, offering critical updates on cloud growth, AI momentum, and digital advertising trends.
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.
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