Stocks Mixed After Friday’s Big Rally; Nvidia Earnings in Focus This Week

What Analysts Think of Nvidia Stock Ahead of Earnings Report

9 minutes ago

Nvidia (NVDA) is set to release its latest quarterly results after the market closes Wednesday, with analysts expecting the most valuable company in the world’s sales could reach another record high, despite an anticipated hit from export curbs.

The AI chips giant is projected to report adjusted earnings per share of $1.02 for the second quarter on an over-50% year-over-year jump in revenue to $46.45 billion, according to consensus estimates compiled by Visible Alpha. CEO Jensen Huang could also provide more details during the company’s earnings call about the timing of new products, including Nvidia’s next-generation Rubin lineup and a more powerful AI chip tailored for China’s market.

In May, Nvidia warned it could face an $8 billion hit from China export restrictions, and although the company recently struck a 15% revenue-sharing agreement with the Trump administration to resume sales of its H20 chip in China, Wednesday’s report will still reflect the full impact of the restrictions. 

Despite near-term trade policy headwinds, Wall Street analysts are overwhelmingly bullish on the chipmaker’s prospects. Of the 13 analysts with current ratings surveyed by Visible Alpha, 12 call the stock a “buy,” compared to one “hold” rating. Their targets range from $155 to $225, with the majority above $200.

“Expectations have risen ahead of Nvidia’s earnings, and we think rightfully so,” Morgan Stanley analysts said last week, as they raised their target to $206 from $200, citing strong AI demand signals. UBS also raised its target, to $205 from $175, while Wedbush boosted its to $210 from $175.

Nvidia shares were up 1.6% at around $180 in recent trading. The stock has gained 35% since the start of the year.

–Kara Greenberg

Keurig Dr Pepper Buying Peet’s Coffee Parent for $18B

1 hr 33 min ago

Keurig Dr. Pepper (KDP) on Monday said it has struck a deal to buy JDE Peet’s for 15.7 billion euros ($18.4 billion) in cash.

Keurig Dr Pepper said once its takeover of the Dutch parent of Peet’s Coffee closes, likely in the first half of 2026, it plans to separate into two U.S.-listed firms—one housing the coffee business and the other with its beverage brands, including its namesake brand, Snapple, and 7UP. Keurig Dr Pepper agreed to pay 31.85 euros ($37.22) per share for JDE Peet, a 33% premium to the Amsterdam-based firm’s 90-day volume-weighted average stock price.

“Today’s announcement marks a transformational moment in the beverage industry, as we build on KDP’s disruptive legacy by creating two winning companies, including a new global coffee champion,” said Keurig Dr Pepper CEO Tim Cofer, adding that the transaction would create “two sharply focused beverage companies with attractive and tailored growth propositions.”

The spinoff plan would effectively unwind the 2018 merger between coffee firm Keurig and beverage giant Dr Pepper, and comes as the company’s coffee business faces intense competition from rivals and rising coffee prices, intensified by the Trump administration’s tariffs.

Keurig Dr Pepper’s U.S. Coffee unit sales slipped 0.2% year-over-year in the second quarter, while its U.S. Refreshment Beverages unit, which includes energy drink firm Ghost as well as soft drinks, posted gains of 10.5%.

Keurig Dr Pepper shares were down more than 8% in recent trading,

–Nisha Gopalan

Furniture Stocks on the Move as Trump Threatens Tariffs

2 hr 3 min ago

Shares of some big furniture retailers were on the move in early trading Monday after President Donald Trump announced that he will soon be slapping tariffs on imported furniture.

Trump wrote on his social media site, Truth Social, last week that his administration was beginning a “Tariff investigation” of furniture coming into the country, which will be completed in 50 days. After that, he would determine tariffs on imports “at a Rate yet to be determined.”

The president added that the move was designed to “bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”

Shares of retailers that rely heavily on imports were down sharply this morning. RH (RH) and Wayfair (W) each plunged about 9%, while Williams-Sonoma (WSM) decined 3%.

However, companies that make more of their products in the U.S., saw their shares rise. Ethan Allen Interiors (ETD) and La-Z-Boy (LZB) were each up about 1% recently.

–Bill McColl

Major Index Futures Point to Slightly Lower Open

3 hr 18 min ago

Futures tied to the Dow Jones Industrial Average were down 0.3%.

S&P 500 futures also fell 0.3%.

Nasdaq 100 futures declined 0.4%.