Updated 6 hours ago
Stocks to Watch Wednesday: Nvidia, AMC, Foot Locker, Peloton
By Josh Mitchell
Nvidia (NVDA): Shares in the graphics-chip maker edged higher, after falling 2.8% Tuesday. The company’s earnings, due after the close, will serve as a test of the popular artificial-intelligence trade.
Foot Locker (FL): The sporting-goods retailer cut its full-year sales and earnings forecasts as it reported a 9.4% drop in same-store sales for the most recent quarter. Foot Locker also paused its quarterly dividend. The stock sank more than 33%.
In today’s market, investors are keeping a close eye on several key stocks including Nvidia, AMC, Foot Locker, and Peloton. Nvidia, a graphics-chip maker, saw its shares rebound slightly after experiencing a 2.8% drop on Tuesday. All eyes are on Nvidia’s upcoming earnings report, which will provide valuable insight into the health of the artificial-intelligence trade.
However, it was a different story for Foot Locker. The popular sporting-goods retailer had a tough quarter, reporting a 9.4% decline in same-store sales. This prompted Foot Locker to reduce its full-year sales and earnings forecasts. In addition, the company decided to pause its quarterly dividend. These disappointing results caused Foot Locker’s stock to plummet by more than 33%.
Investors will be closely monitoring the market today to see how these stocks perform and what impact they may have on the overall market sentiment. It will be interesting to see if Nvidia can regain its momentum, and if Foot Locker can turn things around in the coming quarters.