Traders are focusing on Nvidia and Target as they prepare for the next trading session. Nvidia is set to report its earnings after the market closes on Wednesday, while Target"s report is scheduled for Wednesday morning.
Nvidia"s stock closed at $147.01 on Tuesday, reflecting a nearly 5% increase for the day. Over the past three months, Nvidia has seen a 13% rise and a 196% surge since the beginning of 2024. Target"s stock has appreciated nearly 8% over the last three months and is up 9.5% year-to-date.
Walmart, on the other hand, reported solid results on Tuesday and raised its guidance, leading to a 3% rise in its stock. Delta Air Lines and United Airlines are also making significant movements in the airline industry. Delta"s stock has risen 13% in November and approximately 61% since the start of 2024. United Airlines has reached a stock price not seen since July 2019, with a remarkable 122% increase over the past three months.
Geopolitical tensions are influencing the defense sector, with concerns about the U.S. supply of air defense systems. RTX is currently 7.6% below its 52-week high, while Lockheed Martin is 14% off its October peak. Mitsubishi Heavy Industries is also seeing its stock hover 5% below its October high.
In the utility sector, NiSource, Sempra, and Vistra achieved all-time highs on Tuesday. NiSource"s stock has risen 15.5% over the past three months, while Sempra has matched this growth rate. Vistra stands out with a staggering 92% increase over the last three months and nearly 24% growth in November alone.
Investors are advised to remain vigilant as they navigate earnings reports and geopolitical uncertainties. The performance of major companies like Nvidia and Target will likely set the tone for market movements. The airline and defense sectors are also poised for potential volatility. The utility sector"s recent highs indicate a strong interest in energy stocks, particularly those focused on sustainable practices.