FMP
Nov 21, 2024 4:18 AM - Parth Sanghvi
Bitcoin Hits Record $97K: The Impact of Trump Hype and ETF Launch
Introduction Bitcoin’s price skyrocketed to an all-time high of $97,000, fueled by two major drivers: optimism around a potential Trump-led resurgence and the launch of new ETF options. This historic surge underscores Bitcoin’s evolving role as both a speculative asset and a store of value amid m...
Nov 21, 2024 4:14 AM - Parth Sanghvi
Nvidia Q3 Earnings: A Snapshot of Performance and Challenges
Key Financial Highlights Earnings per Share (EPS): $0.81 (beat expectations of $0.75). Revenue: $35.1 billion (exceeding estimates of $33.09 billion). Data Center Revenue: $30.8 billion, up 17% QoQ and 112% YoY (above the $28.84 billion forecast). Forward Guidance and Market Response Q4 Revenue...
Nov 21, 2024 4:14 AM - Parth Sanghvi
Lynx on Nvidia Stock: Why Waiting Could Be Wiser
Key Insights Lynx Equity Strategies recently issued cautious commentary on Nvidia Corporation (NASDAQ: NVDA), advising investors to step aside for now and wait for a more favorable entry point. Rationale Behind the Caution Valuation Concerns: Nvidia’s stock price reflects lofty expectations f...
Nov 21, 2024 4:13 AM - Parth Sanghvi
Nvidia Results, Comcast Spinoff, and UK Inflation: Key Market Movers
Nvidia Results: A Tale of Strength with Challenges Nvidia's fiscal Q3 results showcased impressive growth, with EPS beating estimates at $0.81 on revenue of $35.1B. Data center revenue led the way at $30.8B, surpassing expectations of $28.84B, reflecting AI-driven demand. Supply constraints for B...
Nov 21, 2024 4:11 AM - Parth Sanghvi
Target Shares Plunge on Earnings Miss and Weak Guidance
Disappointing Q3 Performance Target Corporation (NYSE:TGT) missed Wall Street expectations in Q3 2024, reporting EPS of $1.05 on revenue of $25.3B. This fell short of analyst forecasts of $1.20 EPS and $25.5B in revenue. The company cited weak consumer spending and higher operational costs as key...
Nov 21, 2024 4:10 AM - Parth Sanghvi
Hedge Funds Reduce Semi Exposure, Shift Focus to Cyclicals: Goldman Sachs
Semi Selloff Amid Market Trends According to a report by Goldman Sachs, hedge funds have significantly cut their exposure to the semiconductor sector. This comes after a period of high gains fueled by the AI boom, leading many funds to take profits and reduce positions in key semiconductor players...
Nov 21, 2024 4:09 AM - Parth Sanghvi
Bitcoin Hits Record High Amid Crypto Czar Speculation
Bitcoin Surges to New Heights Bitcoin has reached an all-time high, surpassing $97,000 amid growing speculation over the potential appointment of a "Crypto Czar" by Donald Trump's team. Market sentiment has been buoyed by this news, reflecting expectations of favorable regulatory changes for the c...
Nov 21, 2024 4:08 AM - Parth Sanghvi
After-Hours Movers: Nvidia, Snowflake, Palo Alto Networks, and More
Key Performers in After-Hours Trading Nvidia (NASDAQ: NVDA): Shares dipped slightly despite strong Q3 results. The company's Q4 guidance underwhelmed investors, but the AI chip demand remains a strong growth driver. Snowflake (NYSE: SNOW): The stock edged higher as investors anticipated robust ear...
Nov 21, 2024 4:07 AM - Parth Sanghvi
Google Faces Antitrust Pressure: DOJ Pushes for Chrome Divestiture to End Search Monopoly
The Latest Move in Google’s Antitrust Battle The U.S. Department of Justice (DOJ) has intensified its antitrust efforts against Google, demanding that the tech giant divest its Chrome browser in order to address concerns over its dominance in the search market. The DOJ’s latest assertion is part ...
Nov 21, 2024 4:06 AM - Parth Sanghvi
Asia Stocks Dip Amid Weak Nvidia Report and Adani Scandal Fallout
Introduction Asian stock markets saw a downturn as a lackluster earnings report from Nvidia failed to boost tech sentiment. Simultaneously, Indian markets faced intensified selling pressure due to fresh controversies surrounding the Adani Group. This combination of global tech concerns and locali...
