Nvidia reports earnings after the market closes Wednesday. With the possible exception of Tesla , no other stock generates the kind of short-term trading interest Nvidia does. There’s an entire trading ecosystem built around Nvidia now. It is, for example, one of the most actively traded single-stock options in the market. Aside from significant options activity, a large trading ecosystem has also developed around Nvidia in the world of exchange-trade funds. ETFs own more than four billion shares of Nvidia, about 17% of the 24.49 billion total shares outstanding, according to Factset. Not surprisingly, broad market ETFs are the largest holders…
Author: usaeverydaylife
A trader works on the floor at the New York Stock Exchange on March 5, 2024.Brendan Mcdermid | ReutersStocks rose Wednesday, with the S&P 500 trying to snap a four-day losing streak, as investors awaited earnings from market bellwether Nvidia.The S&P 500 traded 0.2% higher, while the Nasdaq Composite added 0.3%. Meanwhile, the Dow Jones Industrial Average lagged, slipping 21 points, or less than 0.1%. Stocks are coming off a weak session. The S&P 500 tumbled 0.5%, and the Nasdaq lost nearly 1.4%. Both benchmarks logged their fourth consecutive losing day. The 30-stock Dow was the outlier, with a roughly…
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares rallied 20%% after the AI server company filed its delayed financial results by the Nasdaq’s deadline.The company’s auditor BDO wrote in the filing that the the consolidated financial statements for the fiscal year ending June 30, 2024 “present fairly, in all material respects, the financial position of the Company” and are “in conformity with accounting principles generally accepted” in the U.S.The company also filed audited financial results for the…
Who are the best and toughest front offices to deal with in the NHL? Which owners are known for giving players what they need? What does the league need to do to improve?Asking players these questions can yield some pretty good results, but there are limits to that approach. Players have relatively limited exposure to organizations outside their own. And some shy away from expressing controversial takes — even anonymously.Want an unvarnished opinion on all things NHL? Talk to an agent. Agents often represent several players, whose employers span multiple teams and divisions. They spend their days talking to players, other…
North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.Jeff Greenberg | Getty ImagesTJX Companies posted a better-than-expected holiday quarter driven entirely by customer transactions, indicating the off-price giant is still taking market share from department stores and other discounters as price-conscious consumers hunt for deals.The discounter behind T.J. Maxx, Marshall’s and Home Goods beat Wall Street’s expectations on the top and bottom lines, but it gave cautious guidance for the current fiscal year and current quarter.For its fiscal 2026, TJX is planning for comparable sales to rise between 2% and 3%, below Wall…
Here are Wednesday’s biggest calls on Wall Street: Bank of America reiterates Nvidia as buy In a note to clients, the firm laid out several scenarios for Nvidia ahead of earnings on Wednesday after the bell. “Baseline view: FQ4 beat, inlinish FQ1 outlook on slower Blackwell ramp/looming China restrictions, stock recovers (modestly) as investors look ahead to GPU Tech Conference (GTC) on Mar-17.” Goldman Sachs reiterates Apple as buy The firm said it’s “encouraged” by lead times for Apple’s iPhone 16 E. “We’re encouraged by the role that iPhone 16e plays as an entry-level phone in the iPhone portfolio and…
Check out the companies making headlines in premarket trading. Super Micro Computer — Shares soared 21% after the technology company met the Nasdaq’s listing deadline to report financial results for the most recent fiscal year to the Securities and Exchange Commission. The firm said it has “regained compliance” with the Nasdaq for its filling requirements. General Motors — Shares popped almost 4% after announcing an increase of its quarterly dividend by 25% to 15 cents per share. The automaker also initiated a $6 billion share repurchase plan, with $2 billion in buybacks slated for the second quarter. Anheuser-Busch InBev —…
Hamas has agreed to release the remains of four Israeli hostages in exchange for hundreds of Palestinian prisoners, Israeli officials and the group said, resolving a dayslong impasse between the two sides.The agreement comes as the first phase of a fragile cease-fire deal draws to a close. Negotiators have yet to reach terms to extend the deal into a more comprehensive truce, raising concerns that the fighting in Gaza could resume.During the first phase, Hamas had agreed to free 25 Israeli hostages and hand over the bodies of eight more in exchange for more than 1,500 Palestinians jailed by Israel.…
An improving industry environment could bolster shares of American Airlines , according to Redburn Atlantic. Analyst James Goodall upgraded the carrier to buy from neutral and upped his price target on the name to $24 from $18, which reflects 58.6% upside from Tuesday’s close. “The U.S. airline industry is entering a Goldilocks period,” the analyst said in a note to clients on Wednesday. “Substantial constraints on aircraft supply should result in capacity discipline being forced upon the industry in the medium to long term. Coupled with strong demand, particularly for international and premium, as well as growing high-margin revenue streams,…
FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump and Ukraine’s President Volodymyr Zelenskyy meet at Trump Tower in New York City, U.S., September 27, 2024. Shannon Stapleton | ReutersUkraine and the United States reached an agreement over access to Kyiv’s deposits of rare earth minerals, according to media reports, as Kyiv seeks to reinforce its ties with its key wartime transatlantic ally under the Trump administration.The draft deal envisages that the two countries will jointly develop Ukraine’s mineral resources, including oil and gas, and sees the U.S. drop demands for a right to $500 billion in potential revenue…
