The upcoming week in the market is marked by significant developments from Xpeng, Walmart, and Apple, each presenting unique narratives.
- Xpeng demonstrated resilience in Q3 2023 with a 22% revenue increase and a 72% jump in vehicle deliveries despite a loss per ADR. Launching new models like the G6 SUV and XPeng G9 contributed significantly, with Q4 deliveries expected between 59,500 and 63,500 vehicles.
- Walmart reported mixed Q3 results, with shares dropping post-earnings. Adjusted earnings per share are forecasted at $6.40-$6.48. Notable growth in e-commerce and early holiday sales, particularly in clothing, hint at potential seasonal success.
- Apple faces delays in 5G modem development, extending reliance on Qualcomm. Despite this, Apple's market cap remains robust at $2950B. Qualcomm advances with its Snapdragon 7 Gen 3 chipset, enhancing mid-tier smartphone capabilities.
On Tuesday, 21st November, Nvidia (NVDA) and HP Inc. (HPQ) are set to reveal their latest earnings. The following day, Wednesday, 22nd November, GDS Holdings Limited (GDS) takes center stage with their financial report.
Stay tuned for these key revelations in the stock market calendar!
.webp)
.jpg)
