The three quarterly earnings reports and the Japan GDP report are financial events to consider when planning stock price movements. Below is the feature of Next Week’s Financial Events, 14-20 November 2022. We hope the calendar of events in publicly traded companies will help you prepare for the upcoming stock price movements.
Japan GDP Quarter on Quarter
On Monday, November 14, Japan will present GDP QoQ data. Economic analysts expect Japan’s GDP to reach $ 4,500.00 billion by the end of 2022, reflecting TradingEconomics.com’s macro models. The same models also predict that in the long term, Japan’s GDP will be around $ 5,100 billion in 2023 and $ 5,560.00 billion in 2024.
Wall-Mart Earnings for Q3 2022
Walmart will report its company’s financial earnings for Q3 2022 next week. Walmart will report a year-on-year drop in earnings on higher revenues. If earnings are below expectations, stocks could drop lower.
Analysts and investors are predicting the world’s largest retailer will post Q3 profits of $ 1.31 per share in an upcoming report. This, in turn, would mean a year-on-year change of 9.7%.
NVIDIA Presents Q3 Financial Report
It is set that NVIDIA will report its earnings for the third quarter of 2022 on November 16 (Wednesday). Despite being banned from selling advanced microchips to China without US government approval, NVIDIA’s balance sheet was strong.
At the end of Q2, Nvidia’s current liquidity ratio was 3.62, driven by a net cash position of $ 17.037 billion. Even with inflated inventory posted at $ 3.889 billion, the company’s liquidity ratio remained high at 3.11.
Alibaba Earnings For Third Quarter
Alibaba will announce financial results for Q3 2022 on November 17 (Thursday). Investors await quarterly earnings anxiously. There are lingering uncertainties in the valuation of the Chinese company, including COVID, domestic politics, and global geopolitical risks.
Although the results for the second quarter surprised the market positively: EPS reached USD 1.40, exceeding the consensus estimate by USD 0.57. Nevertheless, numerous factors could adversely affect Alibaba’s Q3 earnings. Above all:
- The COVID situation continues.
- Alibaba faces significant political uncertainty in the country.
- Trade tensions between the US and China continue.