Stock futures tick higher as Wall Street gears up for Nvidia's quarterly results: Live updates

Published On Nov 19, 2024, 6:02 PM

Investors are looking ahead to key earnings reports, particularly from Nvidia, which is expected to report strong results driven by high demand for its new AI chips. In after-hours trading, shares of Comcast rose as they announced a plan to spin off their cable networks. Other notable movers included Keysight Technologies and Dolby Laboratories, both reporting better-than-expected earnings, while Powell Industries faced a decline due to reduced orders compared to last year. Futures for major indices like the Dow, S&P 500, and Nasdaq are slightly up, indicating a positive outlook as earnings season progresses.

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Stock Forecasts

NVDAView NVDA chart on TradingView

Positive

Nvidia is set to benefit significantly from the growing AI market, and investor anticipation suggests a continued rise in share price, especially following the recent nearly 5% increase. The results are highly anticipated to further drive investor confidence in tech stocks.

CMCSAView CMCSA chart on TradingView

Positive

Comcast's spinoff of its cable networks could unlock value and streamline operations, contributing to a potential positive reaction from investors, especially given the 2% rise seen after the news broke.

KEYSView KEYS chart on TradingView

Positive

Keysight Technologies' strong earnings beat and positive outlook signal a good performance in the tech equipment sector, setting it up for future gains as well.

DLBView DLB chart on TradingView

Positive

Dolby Laboratories' earnings beat and dividend increase suggest a healthy business performance, which could lead to a positive sentiment around the stock moving forward.

POWLView POWL chart on TradingView

Negative

Despite Powell Industries' drop in orders, the overall market is buoyed by positive earnings from other firms, which may mitigate the negative impact on its stock in the short term.

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