Nvidia, Broadcom, Lululemon, Nutanix And More: U.S. Stocks To Watch

Benzinga2022-09-01

With US stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:

Chip designer Nvidia Corp said on Wednesday that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms' ability to carry out advanced work like image recognition and hamper Nvidia's business in China. Nvidia shares fell 5.7% in premarket trading Thursday.

Analysts are expecting Broadcom Inc. (NASDAQ:AVGO) to have earned $9.56 per share on revenue of $8.37 billion for the latest quarter. The company will release earnings after the markets close. Broadcom shares fell 1.2% in premarket trading Thursday.

After the closing bell, Lululemon Athletica Inc. (NASDAQ:LULU) is projected to post quarterly earnings at $1.86 per share on revenue of $1.76 billion. Lululemon shares fell 0.2% to $299.25 in premarket trading Thursday.

Nutanix, Inc. (NASDAQ:NTNX) reported better-than-expected sales results for its fourth quarter and issued strong revenue forecast. Nutanix shares jumped 16% to $20.07 in premarket trading Thursday.

Wall Street expects Hormel Foods Corporation (NYSE:HRL) to report quarterly earnings at $0.41 per share on revenue of $2.98 billion before the opening bell. Hormel Foods shares fell 1.4% to $49.60 in after-hours trading Wednesday.

Analysts expect Campbell Soup Company (NYSE:CPB) to post quarterly earnings at $0.56 per share on revenue of $1.98 billion before the opening bell. Campbell Soup shares rose 0.1% to $50.40 in premarket trading Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Wongal
2022-09-02
Wongal
👍🏻
Jess261
2022-09-02
Jess261
Okay
Zivcheah
2022-09-01
Zivcheah
O
BullishKing
2022-09-01
BullishKing
Ok
blessed_1
2022-09-01
blessed_1
thanks
TripleWin
2022-09-01
TripleWin
[Like]
- TripleWin:
  [Like]

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