Key Stocks in Focus for Investors as Market Futures Indicate Mixed Open

As U.S. stock futures show a mix of losses and gains this Wednesday morning, investors are keeping a watchful eye on several stocks that might impact market movement.

NVIDIA Expected to Report Strong Earnings

Analysts are anticipating a significant earnings report from NVIDIA Corporation (NVDA) after the market closes today, with expectations rooted at earnings of $5.59 per share and revenue forecasts aiming at $24.65 billion. Despite this, NVIDIA shares saw a slight decrease by 0.1% to $953.37 in post-market activity.

Urban Outfitters Exceeds Expectations

Urban Outfitters, Inc. (URBN) has outperformed analyst predictions for its first-quarter financials released on Tuesday. The company announced earnings of 69 cents per share, topping the expected 52 cents, alongside sales reportedly reaching $1.2 billion, which also surpasses the projected $1.175 billion figure. Following the news, shares in Urban Outfitters observed a 6.5% increase to $43.99 after hours.

Williams-Sonoma and Toll Brothers Report Positive Results

Before trading begins, investors will be watching Williams-Sonoma, Inc. (WSM), which is projected to reveal quarterly earnings at $2.68 per share on $1.65 billion in revenue. Williams-Sonoma’s shares showed a modest upturn to $314.39 in after-hours trading. Furthermore, Toll Brothers, Inc. (TOL) reported earnings that surpassed estimates for the second quarter and raised its forecast for FY24, leading to a 1.2% rise in shares to $131.76 after the closing bell.

Target Corporation in the Spotlight

Lastly, investors are preparing for Target Corporation’s (TGT) earnings report which is projected at $2.02 per share on revenue expectations of $24.51 billion before market hours. The company's shares experienced a slight boost by 0.4% to $156.45 in after-market trading.

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