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The U.S. stock market will be closed on Thursday for Thanksgiving, with trading resuming on Friday to wrap up what looks to be a strong November. The shortened trading hours don't seem to dampen traders' optimism, as bullish sentiment, particularly in small-cap stocks, remains strong. Many prominent institutions anticipate that expectations of robust consumer spending will further boost market sentiment, g...
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Last week, Warren Buffett once again made headlines for his "wholesale" stock sell-offs. The latest quarterly report revealed that Berkshire Hathaway continued to reduce its stock holdings, with its cash reserves reaching a record high of $325.2 billion, up 17.4% from $276.9 billion at the end of the second quarter.
Measured against the company's total assets, Berkshire now holds approximately 28% in cash, the highest proportion in many y...
Measured against the company's total assets, Berkshire now holds approximately 28% in cash, the highest proportion in many y...
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Earnings Preview
$NVIDIA (NVDA.US)$ is poised to release its Q3 2024 earnings on November 20, with expectations set high due to the company's significant growth driven by its AI chips, especially the new Blackwell GPUs. Analysts predict a substantial year-over-year revenue increase to $33.03 billion, up 82%, and earnings per share to rise by 88.11% to $0.70. The Data Center segment remains a key growth driver, ant...
$NVIDIA (NVDA.US)$ is poised to release its Q3 2024 earnings on November 20, with expectations set high due to the company's significant growth driven by its AI chips, especially the new Blackwell GPUs. Analysts predict a substantial year-over-year revenue increase to $33.03 billion, up 82%, and earnings per share to rise by 88.11% to $0.70. The Data Center segment remains a key growth driver, ant...
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$Amazon (AMZN.US)$ reported better-than-expected third-quarter earnings after the market closed on Thursday.
Amazon's Q3 net sales rose 11% from a year earlier to $158.9 billion, surpassing the $157.29 billion estimate. For Q4, Amazon forecasts net sales between $181.5 billion and $188.5 billion, indicating a 7% to 11% growth. The midpoint of $185 billion slightly trails the $186.2 billion predicted by analysts.
Operatin...
Amazon's Q3 net sales rose 11% from a year earlier to $158.9 billion, surpassing the $157.29 billion estimate. For Q4, Amazon forecasts net sales between $181.5 billion and $188.5 billion, indicating a 7% to 11% growth. The midpoint of $185 billion slightly trails the $186.2 billion predicted by analysts.
Operatin...
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Apple's fiscal fourth-quarter earnings surpassed Wall Street's expectations in terms of revenue and earnings per share, although net income declined due to a one-time charge related to a tax ruling in Europe.
In the September quarter, Apple's revenue reached a record $94.9 billion, marking a 6% increase year over year. iPhone sales also set a September quarter record with revenues of $46.2 billion, up 6% from the previo...
In the September quarter, Apple's revenue reached a record $94.9 billion, marking a 6% increase year over year. iPhone sales also set a September quarter record with revenues of $46.2 billion, up 6% from the previo...
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$Super Micro Computer (SMCI.US)$ pole-vaulted over $Tesla (TSLA.US)$ to become the second most active stock option amid increasing demand for protective put options that could shield the holder from further downside potential.
SMCI shares gapped down 30% to the lowest level since January after the IT solutions provider that sells liquid-cooling solutions to $NVIDIA (NVDA.US)$ said its auditor, Ernst & Young, ...
SMCI shares gapped down 30% to the lowest level since January after the IT solutions provider that sells liquid-cooling solutions to $NVIDIA (NVDA.US)$ said its auditor, Ernst & Young, ...
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Earnings Preview
Wall Street is bracing for the most eventful week of news leading up to the election.
Next week, five of the Magnificent Seven companies will announce their earnings. Alphabet will share its results on Tuesday, while Microsoft and Meta Platforms will release theirs on Wednesday. Amazon and Apple are scheduled to report their earnings on Thursday.
Google's parent company, $Alphabet-A (GOOGL.US)$ , is schedul...
Wall Street is bracing for the most eventful week of news leading up to the election.
Next week, five of the Magnificent Seven companies will announce their earnings. Alphabet will share its results on Tuesday, while Microsoft and Meta Platforms will release theirs on Wednesday. Amazon and Apple are scheduled to report their earnings on Thursday.
Google's parent company, $Alphabet-A (GOOGL.US)$ , is schedul...
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