Wall Street Awaits Key Earnings Reports

This week, the financial world turns its attention to the upcoming earnings reports from some of the biggest names in US retail and China's tech sector. These reports are expected to provide critical insights into consumer behavior and technological innovation trends.

US Retail Heavyweights in Focus

Starting with the US, Home Depot is set to report on Tuesday, with analysts forecasting a 5% revenue increase to $45.5 billion, signaling resilient demand in home improvement. Target follows on Wednesday, amid concerns over margin pressures. However, all eyes will be on Walmart on Thursday, as the retail behemoth's results are seen as a key indicator of US consumer health, with expected revenues around $174 billion.

Chinese Tech and EV Leaders Step Into the Spotlight

Across the Pacific, Xiaomi and XPeng kick off the earnings season on Tuesday, offering insights into the competitive landscapes of smartphones and electric vehicles. Baidu's report on Wednesday will be closely watched for updates on AI monetization efforts.

Zoom Aims to Reignite Growth

The week concludes with Zoom's fiscal report on Thursday, where the focus will be on its enterprise services and AI tools as the company seeks to accelerate growth.