In the stock market today, there are several companies to keep an eye on. Nvidia, the graphics-chip maker, saw a slight increase in its shares after a 2.8% decline the previous day. Investors are eagerly awaiting the company’s earnings report, which will serve as a test for the popular artificial-intelligence trade. The results will likely have a significant impact on the company’s future.
Another company of interest is Foot Locker, the sporting-goods retailer. Unfortunately, they have had to lower their full-year sales and earnings forecasts as a result of a 9.4% decrease in same-store sales for the recent quarter. To add to their challenges, Foot Locker has also decided to pause its quarterly dividend. As a result, the company’s stock plummeted more than 33%, making it an important one to watch.
Lastly, Peloton, the exercise equipment company, will also be in the spotlight. After a 2.6% decline on Tuesday, investors are waiting to see how the company’s stock will perform. The fitness industry has been greatly impacted by the COVID-19 pandemic, and Peloton’s earnings report may provide insight into how the company is navigating these challenging times.
These three companies – Nvidia, Foot Locker, and Peloton – are all worth monitoring as their performances could have significant implications for their respective industries and the overall market.