Top S&P 500 and Nasdaq 100 stocks to watch this week

The S&P 500 and Nasdaq 100 indices will be in the spotlight this week as investors watch key corporate earnings. They will also react to the recent Federal Reserve interest rate decision. This article looks at some of the top S&P 500 and Nasdaq 100 Index stocks to watch this week.

Palantir Technologies (PLTR)

Palantir Technologies’ stock price has been in a strong uptrend in the past few years. It has jumped to a record high of $203, up by 212% above the lowest level this year. This surge has brought its market capitalization to over $475 billion.

The PLTR stock price has jumped because of its strong financial results, which have demonstrated demand for its software solutions, especially its AIP solution, which helps companies build AI solutions.

Analysts anticipate the results to show that the company’s revenue jumped by 50% in Q3 to $1.09 billion. Its earnings-per-share is expected to move from $0.1 to $0.17, while its revenue estimate for the year will be $4.16 billion.

Palantir Technologies’ stock will be in the spotlight as investors eye the ongoing artificial intelligence growth. More upside will likely push its market valuation to over $500 billion, making it one of the most overvalued companies.

Read More: Palantir stock price forecast amid heightened valuation risks

Warner Bros. Discovery (WBD)

Warner Bros. Discovery stock price will also be in the spotlight this week as it releases its results. These will be important numbers because of the ongoing performance of its business and potential acquisition.

The company recently announced that it was for sale, and some bidders have come up. Some of these potential bidders are companies like Netflix, Comcast, and Skydance Paramount.

We believe that Netflix will not make a bid, unless it is for its studios and HBO business. Comcast may also not make a bid because of regulatory issues, since Trump does not like its CEO.

Therefore, the most likely company to buy Warner Bros. Discovery will be Skydance Paramount, which is largely owned by Larry Ellison, whose father, David, has a good relationship with Trump.

AMD and Qualcomm

The other top S&P 500 and Nasdaq 100 Index stocks to watch will be AMD and Qualcomm, which will also release their financial results.

Qualcomm will be in the spotlight as the company recently released a chip to challenge Nvidia in the AI space. As such, its upcoming results will provide more color on its business growth and the strategy to beat Nvidia.

AMD will be in the spotlight this week as it also publishes its results. Its numbers will be important as they will provide more color on whether it is succeeding in challenging Nvidia.