- Morning Watchlist
- Posts
- Morning Watchlist: NVDA Earnings on Deck
Morning Watchlist: NVDA Earnings on Deck
Rick Ducat, CMT
May 28, 2025
It’s a quiet morning so far on Wall Street, but one that feels like the calm before a potential storm. Equity indices are little changed with S&P 500 futures up about 0.08% and Nasdaq 100 futures up 0.19% as traders look toward Nvidia’s (NVDA) earnings report after the closing bell as well as FOMC minutes at 2pm ET.
One primary focus for today’s earnings is the tech sector with CRM, HPQ, and AI joining NVDA in the postmarket session. However, it’s also a big week for retail earnings, which could provide important insight into the impact of potential tariffs and the ultimate affect to U.S. consumers with ANF up almost +25% in early trading and many other names reporting this week (DKS, M, CPRI, BBY, BURL, COST).
Today’s economic data includes MBA Mortgage Applications and the Richmond Fed Manufacturing Index.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are up around 1% to $61.50 as OPEC’s meeting begins.
Gold (/GC) – Gold is slightly higher around $3,340.
Bitcoin (/BTC) – The cryptocurrency is down about 1% to $108.9K.
VIX – The CBOE Volatility Index fell yesterday after E.U. tariffs were delayed to July 9 and is now at 19.1.
U.S. Dollar (/DX) – The dollar is flat at 99.6.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
ELV | Elevance Health | +2.67% |
CVS | CVS Health | +1.71% |
SMCI | Super Micro Computer | +1.66% |
BSX | Boston Scientific | -3.11% |
CNP | CenterPoint Energy | -1.56% |
SW | Smurfit Westrock | -1.08% |
Economic Data
Time | Event |
|---|---|
OPEC Meeting | |
4:00AM ET | Fed’s Kashkari Speaks |
7:00AM ET | MBA Mortgage Applications |
10:00AM ET | Richmond Fed Mfg. Index |
11:30AM ET | 4-Month Bill Auction 2-Year FRN Note Auction |
1:00PM ET | 5-Year Note Auction |
2:00PM ET | FOMC Minutes |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
BMO, DKS, ANF, M, CPRI | NVDA, CRM, SNPS, VEEV, A, HPQ, NTNX, UHAL, NDSN, ELF, AI | LI, HRL, BBY, BURL, BBWI, FL, KSS, SPTN, BBW, CAL, MOV, DXLG | COST, DELL, MRVL, ZS, NTAP, ULTA, COO, GAP, ESTC, PATH, AMBA, AEO, UVV, PD, NGL, RRGB, YTRA |
Upgrades/Downgrades
Baird upgrades FICO (FICO) to Outperform from Neutral
Truist upgrades State Street (STT) to Buy from Hold
JPMorgan upgrades Vail Resorts (MTN) to Neutral from Underweight
TD Cowen downgrades Skechers (SKX) to Hold from Buy
Jefferies downgrades Rocket Pharma (RCKT) to Hold from Buy
TD Cowen downgrades Freshpet (FRPT) to Hold from Buy
Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.
Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc
Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].
See how your information is protected with our privacy statement.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.
Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.