Kholida Qothrunnada
Kholida Qothrunnada
PayPal reports earnings tonight, Visa follows after the close, and memory stocks are rebounding from last week's pressure.
Wall Street is in wait-and-see mode. Tonight is a positioning session ahead of Wednesday's Federal Reserve decision and a week packed with mega-cap earnings.
Two payment names lead the slate. PayPal reports before the US open, and Visa follows after the close. Together they offer a read on the health of consumer spending.
At the same time, memory stocks that came under pressure last week are rebounding. Fears of a supply glut have eased, and sentiment across the tech sector is improving into the mega-cap prints.
| Stock | Movement | What to Watch |
|---|---|---|
| PYPL | Reports before the open | Q2 earnings, est. EPS around $1.28; margin direction and payment volume |
| NVDA | Roughly flat pre-market | AI bellwether ahead of Microsoft and Meta earnings on Wednesday |
| MU | Higher (~+2.5%) pre-market | Memory supply-glut fears easing; HBM demand stays strong |
| V | Reports after the close | Fiscal Q3, est. EPS around $3.22; a gauge of consumer-spending health |
PayPal (PYPL) reports before the open with est. EPS around $1.28 on revenue near $8.48B. Non-GAAP earnings are seen falling about 9% year over year, so margin direction and payment volume are the keys. Visa (V) follows after the close with est. EPS around $3.22 on revenue near $11.35B. Its results are a measure of how well consumer spending is holding up.
After coming under pressure last week, memory stocks are turning higher. Micron (MU) rose pre-market as supply-glut fears eased and demand for high-bandwidth memory (HBM) stayed strong. Nvidia (NVDA) traded roughly flat and remains the AI bellwether, especially ahead of Microsoft and Meta on Wednesday.
US index futures pointed higher early in the session, reflecting improved risk appetite into the Fed. Oil's Monday pullback offered a small reprieve on the inflation front. Watch whether the memory-stock recovery follows through or fades once the market opens.
All eyes are on Wednesday. The Fed is widely expected to hold rates, so positioning into the announcement is keeping a lid on risk tonight. The week is also heavy with mega-cap earnings, with Microsoft and Meta on Wednesday and Apple and Amazon on Thursday.
Tonight is a transition session. Payments earnings give a concrete catalyst to watch, while the rebound in memory stocks shows tech sentiment has not fully faded.
Still, the week's direction is likely to be set by the Fed and the wave of mega-cap earnings. For investors, it is a good time to watch the list rather than rush into big positions before the Fed. What stocks are you watching tonight?
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