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May 20, 2026

5 Things to Watch on
May 20, 2026

Markets Brace for Nvidia Earnings

Stocks are up +0.5% in premarket trading today as investors await Nvidia's (NVDA) fiscal Q1 2027 results after today's market close. Revenue is expected to reach $68.1B, with EPS forecast at $1.62. The AI chipmaker faces high expectations, with some analysts cautioning that NVDA's ability to dramatically exceed estimates may be more limited than in prior cycles.

CAVA Rises on Strong Sales, Midwest Push

CAVA Group (CAVA) is up +8% in premarket trading after reporting Q1 results that included +9.7% same-restaurant sales growth. The Mediterranean chain is rapidly scaling toward its goal of 1,000 locations by 2032, now operating in 29 states and on track to open its 500th restaurant this year. CAVA recently expanded its Columbus, Ohio footprint with a new Polaris Pkwy location, part of a broader Midwest push that includes nearby Hilliard.

Lowe's Beats but Housing Hangover Dims Outlook

Lowe's (LOW) is down more than -2% in premarket trading despite a Q1 beat, as underwhelming full-year guidance overshadowed the results and weighed on rival Home Depot (HD). Revenue rose +10.4% to $23.1B, topping estimates by $220M, and EPS of $3.03 came in 6 cents ahead of expectations. LOW held its FY26 outlook steady, with a profit midpoint of $12.50 per share falling just below consensus, as persistent softness in the housing market keeps management cautious.

Target Raises Outlook After Strong Comparable Sales

Target Corporation (TGT) is down more than -1% in premarket trading after Q1 revenue rose +6.7% YoY to $25.4B, with comparable sales growing +4.4% against a +1.9% consensus estimate. Operating income jumped +29% to $1.1B, topping estimates, driven by strength across all six core merchandise categories and +27% growth in same-day delivery. TGT raised its full-year net sales growth outlook to roughly +4%, two points above prior guidance, and expects growth in every quarter of the year.

I/O Puts Alphabet in Focus, Amazon in the Crosshairs

Alphabet (GOOGL) is in focus today after Google I/O, where the company unveiled a broad Gemini 2.5 integration across search, Chrome, Android, and developer tools, along with new AI video and agentic capabilities. Analysts noted GOOGL's AI-driven shopping tools pose a direct threat to Amazon's (AMZN) core e-commerce business. GOOGL raised its 2026 capex guidance to $180B-$190B to fund the push.