Finance
Stocks slumped as rising geopolitical tensions and anxiety about the state of all things AI sapped the market’s appetite for risk assets. An escalation in the war between Russia and Ukraine and Nvidia’s third-quarter earnings release slated for release after the close lifted defensive sectors, while safe havens such as the dollar and gold caught…
The Dow Jones Industrial Average (^DJI) ends the trading day in positive territory, while the Nasdaq Composite (^IXIC) dips lower ahead of Nvidia’s (NVDA) third quarter earnings release. Market Domination Overtime’s Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap Wednesday’s market action, eyeing movements in volatility (^VIX) and Treasury yields (^TYX,…
Based on the market reaction, it seems the third quarter couldn’t have gone worse for discount retailer Target (TGT -21.41%). And that initial response looks about right. The company missed third-quarter revenue and earnings estimates and slashed its full-year guidance. It was the biggest earnings miss for the company in two years. And the stock…
Synovus Trust senior portfolio manager Daniel Morgan joins Catalysts to preview Nvidia’s (NVDA) third quarter earnings expected out after Wednesday’s market close. “I think the big number coming into this is going to be guidance going into the fourth quarter,” Morgan emphasizes, highlighting the Street’s expectations of $37 billion, with unofficial forecasts — or the…
As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value. “Consumers tell us their budgets are being stretched,” Cornell said Wednesday (Nov. 20) during the…
Key Takeaways Walmart’s shares hit a new record high following its earnings report yesterday, but Target’s fell to their lowest point in a year following its results Wednesday. Target’s sales and profits fell short of estimates, while Walmart’s results surpassed expectations in the third quarter. Both retailers said lower prices and convenience features like curbside…
Expectations are high for Nvidia’s earnings. Nvidia is expected to report fiscal 2025 third-quarter results Wednesday after the close. Analysts see the darling chipmaker reporting a profit of 75 cents per share on revenue of $33.16 billion, per LSEG. Both figures represent more than 80% growth from the year-earlier period. The report will likely have…
Nvidia (NVDA) will report its third quarter earnings after the bell today, giving Wall Street its best and latest look into the strength of the artificial intelligence trade. The world’s largest publicly traded company by market cap, Nvidia’s stock price has continued to rocket higher throughout 2024, thanks to the explosive growth in AI across…
Check out the companies making headlines in midday trading: Williams-Sonoma — The home goods retailer soared about 29% after beating expectations on both lines for the third quarter and raising full-year guidance. Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share…
Nvidia CEO Jensen Huang arrives at the launch of the supercomputer Gefion, at the Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Nvidia reports fiscal third-quarter earnings Wednesday after the market closes. Here’s what Wall Street is looking for, per LSEG consensus estimates: Revenue: $33.16…