Top on my watchlist for the coming week are Nu Holdings, MTN Nigeria and the FUGAZ Banks. Watchlist is not a Buy/Sell/Hold recommendation.

 I watch stocks for different reasons. Price movement. Impending results. Even large trades. Or just being in the news. 

HIMS

You either love this stock or hate it. Stock dipped a bit last week following news GLP (weight loss) drugs supply issues had been sorted. 

Earnings are dropping sometime tomorrow. If its a beat, the stock should pop. If its a miss, the stock will dip. 

Stock is up 95% year to date, and is trading at 100 times earnings. So a dip wouldnt be unlikely.

Nu Holdings

Nu Holding fell 22% last week, following concerns about a dip in net interest margin (NIM). NIM is the difference between interest income and interest expensive.

There’s also the concern that growth is slowing. I expect the stock to continue its after market rebound. 

Nvidia

Nvidia’s Q4 2025 earnings should drop within the week. I doubt there’s any analyst who isnt paying attention to this stock. One of the biggest by market cap in the world. In the middle of the AI frenzy. Historically, the company has a history of beating expectations. It is at the moment in the middle of a product cycle. New products are yet to ship.

Whatever the side of the coin, the markets could be rocked by the numbers.

Customs Street 

2-4 Customs Street located on Lagos Island is home to the Nigerian Exchange Limited (NGX). So why watch the entire place. Earnings season will kick off properly this week.

The likes of Nestle Nigeria, MTN Nigeria, Dangote Sugar, NASCON to mention a few should drop their audited numbers within the week.

MTN Nigeria

FY 2024 would be a loss. That’s not news. What most people would want to know are projections from the impending increase in tariffs. I dont expect much colour, but analysts would ask.

Ronchess global resources

Poor fundamentals in my opinion, but the firm sent in a notice after market hours on Friday.

In addition to the notice of meeting earlier circulated dated 12th of February 2025, the Board of Directors of Ronchess Global Resources Plc (“the Company”) on the 24th of February, 2025 will now consider the businesses as per the Agenda below:

 1. Discussion on dividends declaration Policy;

 2. Structure of the Business; 

3. Change of the Company’s External Auditor.\

FUGAZ Banks

FUGAZ. An acronym for FBN Holdings, UBA, GTCO, Access and Zenith. They are the 5 biggest banks (holdcos in some cases but the banks are the main juice) in the country.

For investors, the focus would be on dividends. For analysts, how is/are the windfall taxes addressed. As well as provisions on bad loans for some of them. I know the wait seems like forever, but every watch has an end.

Some may argue, the earnings are already priced in. I expect a few negative surprises from some of them.