PepsiCo and Nvidia earnings, economic data: 3 things to watch for in the markets on Thursday
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PepsiCo
Pepsi-Cola's
Frito-Lay
FactSet
Nvidia
The VanEck Vectors Semiconductor
RBC
NVDA
RBC Capital Markets
the Labor Department
Dow Jones
ET):8:30
Heinz
CNBC
CNBC LLC
All Rights Reserved
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NBCUniversalData
Global Business and Financial News
Market Data and Analysis
People
Mitch Steves
claims8:30
Michael Bloom
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Americans
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InHere
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Summary
The chipmaker's stock is trading near its record ahead of the earnings, pushing the semiconductor industry to all-time highs.The VanEck Vectors Semiconductor ETF climbed more than 6% this year, boosted by a 15% jump in Nvidia shares.Wall Street's forecast for Nvidia's fourth-quarter EPS is $1.67, according to FactSet, an increase from EPS of 92 cents in the same quarter a year prior.RBC is particularly bullish on Nvidia, hiking its price target to the highest on Wall Street of $301 earlier this week."We raise our estimates on NVDA as we think the [January quarter] will come in a bit ahead of the high-end of guide due to better than expected gaming and data center demand," RBC Capital Markets analyst Mitch Steves said in a note.Investors will also monitor a duo of important economic indicators on Thursday.Firstly, the Labor Department will release the latest jobless claims number for the week ending Feb.8.
As said here by Yun Li