From NASDAQ OMX Group:

The Fed Pivot is here, but uncertainty remains about when interest rates will be cut. Producer price index shows a 0.3% increase, higher than the expected 0.1%, and core PPI rose 0.5% month-over-month. Odds of a 25 basis point rate cut in March is down to 11%. Major benchmarks fell Friday, breaking a five-week winning streak. Six out of eleven S&P sectors were in negative territory, with materials topping the gainers. This week, Walmart, Palo Alto Networks, Nvidia, and Block are set to report earnings. Walmart is expected to earn $1.41 per share, Palo Alto Networks is expected to earn $1.16 per share, Nvidia is expected to earn $4.56 per share, and Block is expected to earn 47 cents per share. Those closely following the stocks will look for signs of steady revenue growth and shifts in consumer behavior, particularly online shopping trends, trends in physical stores, and market share growth. For Palo Alto Networks, the strong cybersecurity deal activity is expected to be reflected in the reported earnings. Despite concerns about valuation, the firm kept PANW as a top cyber pick to own in 2024. Nvidia’s continued raise in its profit forecast showcases that the euphoria surrounding artificial intelligence and generative AI is more than just hype. The company is projected to deliverer fiscal 2023 revenue of close to $60 billion. Block is expected to earn 47 cents per share, on revenue of $5.43 billion.



Read more: Earnings to Watch (NVDA, PANW, WMT, SQ)