What to Expect in the Week Ahead (NVDA, ZM, and HPQ Earnings; Thanksgiving Holiday)

The week kicks off with the earnings report of Zoom after the bell. The company is expected to report earnings of $1.08 per share on revenue of $1.12 billion.

Investor expectations are high for Nvidia ahead of the company's third-quarter earnings report, set to be released on Tuesday, November 21 after the market close.

According to Wall Street analysts, the chipmaker is expected to announce earnings per share of $3.34, reflecting an impressive 475% year-over-year increase. Revenue is expected to grow about 170% to $16.12 billion, in line with Nvidia's forecast of revenue of $16 billion plus or minus or $320,000.

Wall Street is entering the upcoming week on a positive note after receiving some good news. The latest inflation data suggests that the Federal Reserve has concluded its rate-hike campaign, coupled with declining Treasury yields. Both the consumer price index and producer price index for October came in cooler than expected.

Investors have begun contemplating when the central bank might start unwinding its tightening program, further boosting bullish sentiment. On Friday, the S&P 500 and Dow Jones Industrial Average recorded their longest weekly winning streak since July.

Investors will get more insight into the Fed's potential moves Tuesday, when the minutes from its Oct. 31-Nov. 1 meeting are released.

In recent years, trading around the Thanksgiving holiday has been volatile, according to the Stock Trader's Almanac. Since 1988, the Dow Jones Industrial Average has gained during the Wednesday-through-Friday stretch only 18 times out of 34.

Furthermore, the markets will remain closed on Thursday due to the Thanksgiving holiday, and close early on Friday.