Marvell Technology will report its fiscal second quarter results on Thursday after market close. Consensus estimates point to more than 50% year-over-year earnings growth thanks to artificial intelligence demand. Despite 11%-12% adjusted EPS growth over the next year, the stock is trading at just 23x forward 12-month earnings, well below the average over the past two years. The secular backdrop for Marvell would seem to be extremely strong, as the expected capex by the hyperscalers and performance of Nvidia suggest. Why then is Marvell trading at a discounted multiple? A clue might be the stock’s post-earnings performance in recent years.…
Author: usaeverydaylife
Strategas’ Chris Verrone discusses why he thinks consumer facing sectors could be at the beginning of a bull run. Source link
Employees stand in front of a Boeing Co. 787-9 Dreamliner passenger aircraft operated by Korean Air Lines Co.SeongJoon | Bloomberg | Getty ImagesKorean Air announced an order on Monday for 103 Boeing airplanes, coinciding with the visit of South Korean President Lee Jae Myung to Washington, sources told Reuters.The order, the largest in the Korean air carrier’s history, is expected to include a mix of 787s, 777s and 737 Boeing airplanes, sources told Reuters earlier. Boeing Commercial Airplanes CEO Stephanie Pope and Korean Air CEO Cho Won-tae attended an event to unveil the deal with U.S. Commerce Secretary Howard Lutnick.Reuters…
Jay Woods, who has spent more than three decades on the floor of the New York Stock Exchange, discusses what the pros are watching in the markets this week. The chief market strategist at Freedom Capital Markets touches on: Nvidia’s earnings Wednesday after the bell. Woods notes that the stock is “only” up 37% in the past year, not as much as you would think given it’s AI leadership position. This raises the stakes for the report. How Friday’s core PCE number, the Fed’s preferred inflation gauge, could be more important than Nvidia’s results for the markets given that the…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
The administration of U.S. President Donald Trump intends to withdraw federal approval for US Wind’s offshore wind farm off the coast of Maryland, according to a filing in the U.S. District Court in Delaware on Friday.In the filing, attorneys from the Department of Justice asked the court to stay a lawsuit challenging the Interior Department’s approval of the Maryland Offshore Wind Project. They said the agency would move to vacate approval of the facility’s construction and operations plan by September 12.Read more: Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity pricesAn Interior Department spokesperson had…
Labubu toys packaging are seen at a souvenir store in Krakow, Poland on August 21, 2025. Jakub Porzycki | Nurphoto | Getty ImagesEven Confucius is getting in on China’s “blind box” craze.At the main temple in Beijing to China’s greatest sage, the souvenir shops sell a range of “blind boxes,” gifts packaged in such a way that buyers don’t know exactly what variety of the item they’re purchasing until after they commit.One popular blind box at the store is an ice cream treat with a blessing from Confucius. Worshippers pay $4.50 and, only after unwrapping the dessert, read that they…
CrowdStrike could be deserving of investor attention this week as all eyes are on Nvidia, according to MJP Wealth Advisors chief investment officer Brian Vendig. Vendig sat down with CNBC’s “Power Check” on Monday to discuss the cybersecurity stock, as well as two others that he said he has his eyes on. CrowdStrike Shares of CrowdStrike have advanced more than 22% so far in 2025. The company is a partner of Nvidia, with both firms collaborating on large-language models . Vendig said that CrowdStrike is benefiting from a strong pipeline of deals thanks to customer adoption of its Charlotte AI,…
The new Cracker Barrel logo is seen on a menu inside the restaurant on Aug. 21, 2025 in Pembroke Pines, Florida.Joe Raedle | Getty ImagesCracker Barrel Old Country Store on Monday issued a statement responding to the widespread backlash it faced last week over its rebranding and new logo.”If the last few days have shown us anything, it’s how deeply people care about Cracker Barrel. We’re truly grateful for your heartfelt voices,” the company wrote. “You’ve also shown us that we could’ve done a better job sharing who we are and who we’ll always be.”The new logo removes the image…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Stocks regroup after Friday’s broad and emphatic “risk-on” rally, responding to the increased likelihood that the Federal Reserve will resume cutting interest rates next month into a still-steady economy with equity indexes near record highs. Indexes seeing a modest reversal of Friday’s trends: Small-cap Russell 2000 and the Dow Industrials – big winners in Friday’s move from large to small and growth to value – are lagging the S & P 500 and Nasdaq today. Also seeing Treasury…
