3 Things to Watch in the Stock Market This Week

Posted On November 25, 2019 11:29 am
By: admin

Stocks edged lower last week to leave both the S&P 500 (SNPINDEX:^GSPC) and the Dow Jones Industrial Average (DJINDICES:^DJI) near record territory and up sharply this year with just a few weeks left in 2019.

Third-quarter earnings season will continue to grab headlines in the week ahead, and below we’ll look at the metrics that could send shares of Ambarella (NASDAQ:AMBA), Best Buy (NYSE:BBY) and Autodesk (NASDAQ:ADSK) moving over the next few trading days.

Ambarella’s computer vision update

The bar has been set high for Ambarella’s earnings report on Monday. It could be the first time in over a year that the video tech specialist posts rising sales, year over year. The company is pivoting away from its prior focus on the consumer technology that went into sports cameras and drones and toward what management sees as more sustainable bets in emerging areas like artificial intelligence

Ambarella in the second quarter began mass production of its latest generation of computer-vision chips, and investors will be keen to learn how well that product is being received by manufacturers in niches like self-driving cars. The company will also provide some important details on the profitability of these sales, although expectations are modest given the small footprint right now.

Finally, look for the… Continue reading at The Motley Fool