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Hello. I'm Patricia Kowsmann, bringing you the latest ahead of the opening bell Wednesday.

Buckle up: It's Nvidia earnings day. With results due after the close, investors want to know if the high-flying AI chip company can live up to the hype.

Ahead of the report, stock futures, Treasury yields and the dollar all ticked higher. Earnings from Target and other retailers Wednesday will offer more insight into the U.S. consumer after a positive readout from Walmart a day ago.

On Tuesday, both the Nasdaq Composite and the S&P 500 rose .

Follow our live coverage throughout the day for the latest news affecting markets.

Meanwhile, our Ryan Dezember reports on how mining giants are turning America's electronic trash into copper to feed the data boom.

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Stocks to Watch

Nvidia: Shares of the AI chip maker edged higher premarket. Investors expect Nvidia's latest quarterly results , due after the close, to show further big jumps in profit and revenue.

Comcast: The company will likely say Wednesday it is proceeding with a planned spinoff of its NBCUniversal cable TV networks, The Wall Street Journal reported . Shares rose off-hours.

Super Micro Computer: The server maker's stock slipped premarket. It had surged 31% Tuesday, after Super Micro named a new auditor and submitted a plan to stay listed on the Nasdaq.

Tokyo Gas: The utility became the latest Japanese company to be targeted by activist investors, as Elliott Investment Management revealed it has taken a stake. Tokyo Gas stock rose 13% in Tokyo.

Target, TJX Cos. and Williams-Sonoma are expected to report results before the opening bell.

Palo Alto Networks and Snowflake will join Nvidia in reporting after the closing bell.

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Your Junk Is Needed for the New Electric Era

By Ryan Dezember

One of the world's largest miners is digging into America's junk drawers, old phones and landfills. The quarry: bits of copper to meet the needs of the energy transition and data boom.

Shredded cellphones, obsolete computer cables and chewed-up cars are heaped 30 feet high outside Glencore's 97-year-old copper smelter deep in Canada's sparsely populated boreal forest. There, the scrap is melted with copper concentrate from mines to produce fresh slabs of metal.

Old electronics have long augmented the smelter's input. But these days Glencore and other copper producers are casting wider nets for scrap and spending big to boost recycling capacity.

Keep reading . Charting the Markets

When the nomination of Robert F. Kennedy Jr. to the nation's top health position was announced, investors in pharmaceutical stocks fled the scene. But they shouldn't panic , according to our Heard on the Street columnist. Reforms in healthcare are complex.

Nvidia stock has racked up just about every superlative investors could ask for in the past two years. It has risen more than ninefold and become the world's most valuable public company.

Tesla shares have been on a tear this month. Investors are betting that they have more room to run . Some of the most actively traded Tesla options this week have been calls pegged to the stock jumping to $370 and $400.

Must Reads

American companies are stocking up to get ahead of Donald Trump's China tariffs. Some are also accelerating the shift to manufacturing elsewhere.

Daniela Cavallo isn't just Volkswagen's powerful union leader-she's also a leading member of its supervisory board, giving her unusual influence at the world's second-largest carmaker.

Mali's Russia-allied military government has found a new tactic to wrest more revenue from Western mining companies: detain their employees .

More:

Trump Picks Howard Lutnick as Commerce Secretary Why Some Tax Cuts Can Be Better Than Others René Magritte Painting Sells for a Record-Breaking $121.2 Million How TGI Fridays Lost Its Flair This Day in Markets On this day in 1991: Cascade International, a hot fashion chain, said its chairman, Victor Incendy, had disappeared-along with more than 200 stores. Incendy had claimed that Cascade had between 255 and 400 outlets-in reality, there were fewer than 30. The company was eventually sold for $370,000. Incendy was never found. Beyond the Newsroom

Buy Side from WSJ: The Best Luggage for Every Type of Trip

About Us

We want to be the first place you go to get ready for the opening bell every day. This newsletter was written by Patricia Kowsmann ( @kowsmann ).

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

November 20, 2024 06:34 ET (11:34 GMT)

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