4 stocks to watch on Wednesday: NVIDIA, Kohl's and more
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U.S. stock index futures on Wednesday pointed to a higher open, with market participants looking ahead to results from NVIDIA (NASDAQ:NVDA) after the end of regular trading. Wall Street ended on a largely negative note in the previous session, weighed down by a slump in the financial sector. Here are some stocks to watch on Wednesday: 

NVIDIA (NVDA) stock will garner most of the spotlight today, ahead of its highly anticipated Q2 report after the closing bell. Shares of the chip giant have seen a massive runup this year, partly due to its capabilities in artificial intelligence. The company's blowout Q1 results and strong guidance has led to high expectations. Wall Street expects the Jensen Huang-led firm to earn $2.09 per share on revenue of $11.08B. The stock scaled a new 52-week high in the previous session, amid heaps of analyst praise over the past two weeks. Read what bulls and bears think about the stock here.
Kenvue (KVUE) stock will see its first trading day as a fully independent company, after Johnson & Johnson (JNJ) completed the spin-off of the consumer health unit. Kenvue (KVUE), which houses brands such as Band-Aid and Tylenol, was spun out of the healthcare giant in May 2023, making it the largest initial public offering in the U.S. since 2021. J&J has completed a recent tender offer transaction that has reduced its stake in KVUE to 9.5%.
Class A shares of Grab (GRAB) jumped more than 7% in pre-market trading, after the food delivery super-app developer said it expected to reach breakeven on an adjusted EBITDA basis a quarter earlier than it had anticipated. Key metrics such as Q2 gross merchandise value increased to $5.24B from $4.96B in Q1 and monthly transacting users climbed to 34.9M from 33.3M in the previous quarter.
Shares of Kohl's (KSS) seesawed ahead of the opening bell, after the department store chain beat Q2 earning per share expectations by a healthy 30 cents, helped by leaner inventories, but reported a 5% drop in comparable sales. KSS followed larger rival Macy's (M) in reaffirming its full year 2023 outlook. âMany of our strategic efforts are just underway, which we expect will contribute incrementally in the back half of the year, and even more so in 2024 and beyond," KSS top boss Tom Kingsbury said in a statement.

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