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https://finnhub.io/api/news?id=e899a07b77d756395950c4f59d82ba17b4f3e1bef56f35d79e8afff06aa776b3
First Mover Asia: Ethereum's Merge Starts to Hit Gaming Chip Prices
Prices for graphics processing units (GPUs) for personal computers are tumbling as the Ethereum blockchain's upcoming shift to a proof-of-stake network reduces demand for the chips from cryptocurrency miners.
2022-09-05T15:28:13
Yahoo
First Mover Asia: Ethereum's Merge Starts to Hit Gaming Chip Prices Good morning. Here’s what’s happening: Prices: Bitcoin waffles around $20K for the ninth straight day. Binance plans to halt exchange support for three stablecoins that rival its own BUSD. Insights: With an end to Ethererum proof-of-work mining on the horizon, thanks to the upcoming Merge and its shift to a proof-of-stake blockchain system, prices for GPUs are dropping like a rock, Sam Reynolds reports. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Prices ●Bitcoin (BTC): $19,726 −0.7% ●Ether (ETH): $1,593 +1.4% ●S&P 500 daily close: 3,924.26 −1.1% ●Gold: $1,721 per troy ounce +0.7% ●Ten-year Treasury yield daily close: 3.19% −0.07 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Bitcoin Waffles Around $20K and Binance By Bradley Keoun Bitcoin (BTC) waffled around the $20,000 mark for the ninth straight day, with traditional markets mostly closed in the U.S. in observance of Labor Day. As of press time the largest cryptocurrency by market value was changing hands around $19,800, down 0.7% over the past 24 hours. Ether (ETH), the second-largest cryptocurrency, was up 1.7% to $1,598. Crypto analysts were looking at a pattern in blockchain data known as "dormant supply peaks," suggesting that bitcoin might be poised for a bull run. Another metric called the Puell Multiple indicates that long-term investors have been adding to their stashes as prices declined. Binance, the world's largest crypto exchange by volume, said it would move to stop supporting the stablecoins USDC, USDP and TUSD, with a plan to automatically convert users' holdings of those coins into its own stablecoin, BUSD, on Sept. 29. Poolin, one of the largest bitcoin mining pools, suspended withdrawals as part of an effort to preserve assets and stabilize liquidity. A Brazilian financial regulator barred the Singapore-based crypto exchange Bybit from brokering securities. Biggest Gainers Asset Ticker Returns DACS Sector Terra +7.0% Chainlink +2.2% Ethereum +1.4% Biggest Losers Asset Ticker Returns DACS Sector Loopring −4.3% Cosmos −3.0% Shiba Inu −2.9% Insights Prices for GPU Computer Chips Slide Toward MSRP as Ethereum Merge Approaches By Sam Reynolds As cryptocurrency entered the mainstream, the price of graphics processing units (GPU) for personal computers was often tied to the fate of the crypto market because they became popular for cryptocurrency mining. Now, with an end to Ethererum proof-of-work mining on the horizon thanks to the upcoming Merge and its shift to a proof-of-stake blockchain system, prices for GPUs are dropping like a rock. A bull market for crypto has, in the recent past, come with a bull market for GPU prices. At the height of ether’s 2021 rally, some of the most powerful GPUs were retailing for an average of 114% over their manufacturer’s suggested retail price (MSRP). After all, for proof-of-work-based protocols — what Ethereum uses currently, since its launch in 2015 — GPUs and their parallel processing ability have been essential for mining. But that was before The Merge. Ethereum’s shift away from computationally intensive proof-of-work to proof-of-stake means that the tens of millions of GPUs purchased over the last four years to mine ether no longer have a use. Some miners are considering moving their operations to Ethereum Classic, but despite the protocol being around for nearly six years it just hasn’t garnered the network effect needed to allure a critical mass of decentralized apps, non-fungible tokens (NFT) or decentralized finance (DeFi). GPU prices are reflecting this. According to published data from industry analyst house Jon Peddie, overall GPU unit shipments decreased by 15% from last quarter. Part of this comes from a softening PC market, with analysts at IDC forecasting a 12.8% year-over-year decline for 2022. The rapid quarter-over-quarter drop in GPU prices puts the blame squarely on evaporating demand from crypto miners. According to GPUTracker.eu, prices for some of the most popular GPUs are down by double-digits. The RTX 3080 Ti, a once-favorite for miners, has seen its average selling price drop by 45% in the last quarter, putting it almost at MSRP. In February, the card was being sold for around $2,000; now it's just over $1,100. In China, wholesalers can’t get rid of these cards fast enough as inventory piles up from mining farms trying to offload supply. All this is being felt on Nvidia’s (NVDA) bottom line. During recent earnings, the company said its gaming line (read: GPUs that were being used for mining) was down 33% on the year to $2.04 billion – sharper than executives anticipated. Its dedicated crypto mining chip revenue also fell, but sales of these chips represent a small fraction of the silicon the company sold to miners. In many ways, executives at Nvidia couldn’t be happier. Jensen Huang, Nvidia’s CEO, never was too comfortable with miners pilfering what he thought should have been for gamers or other users of the chips. “Gaming is growing, workstation is growing, AI hyperscale data center is growing, high-performance computing is growing. Quite frankly, I'd prefer that our GPUs were built to be used in those areas," he was quoted as saying at the company’s annual technology conference in 2018. "My preference would be, of course, that we allocate them for the people we build them for, but there's a logical reason for why [miners use] Nvidia GPUs, because it's the world's largest distributed supercomputer." It looks like Huang and Nvidia will get their way. They just need the grit to deal with a few quarters of decline that comes just as the broader PC sector comes off its COVID-19 supercycle. The question is, will it recover as quickly without mining? Investors, and the U.S. Securities and Exchange Commission, would like to know. Headlines Ether Eyes Price Rally After 'Wedge' Breakout: Ether looked north, having exited a falling wedge pattern last week, analysts said. Buyers remained on the sidelines early Monday as Europe's worsening energy crisis zapped risk appetite. Citi: Ether Extends Rally Ahead of the Merge Despite Bitcoin Weakness: There are key differences between previous upgrades to the Ethereum blockchain and now because, for the first time, digital assets are facing tightening financial conditions, the bank said. Parabolic Bitcoin Bull Run Likely After Dormant Coin Supply Peaks, Past Data Suggests: Dormant supply peaks are springboards for upwards price action, one observer said. Poolin, One of the World's Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues: Poolin CEO and founder Kevin Pan assured users that funds are safe and said the company might look to debt to solve its liquidity troubles. LG Picks Lesser-Known Hedera Blockchain for Television NFTs: The consumer electronics company, which has served on the Hedera Governing Council since 2020, is bringing NFTs to television screens through a platform built on the Hedera network. Australian Federal Police Forms Cryptocurrency Unit to Tackle Money Laundering, Offshoring: The unit was set up after the force's criminal asset confiscation command had seized more than $600 million from the proceeds of crime since its inception in February 2020.
NVDA
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Tech stocks: MATANA is the new FAANG, analyst says
It's time to rethink who's at the top of the Big Tech food-chain, Constellation Research Principal Analyst & Founder Ray Wang told Yahoo Finance Live.
2022-09-05T07:55:11
Yahoo
MATANA is the new FAANG, analyst says It's time to rethink who's at the top of the Big Tech food-chain, Constellation Research Principal Analyst & Founder Ray Wang told Yahoo Finance Live (video above). Wang argued that MATANA — Microsoft (MSFT), Apple (AAPL), Tesla (TSLA), Alphabet (GOOG, GOOGL), Nvidia (NVDA), and Amazon (AMZN) – is an upgrade to FAANG by dropping Meta (META) and Netflix (NFLX) while adding Microsoft, Tesla, and Nvidia. In 2013, when Jim Cramer of CNBC's "Mad Money" coined the term FAANG, many of those companies were thought of as upstarts who'd taken their respective markets by storm. This was especially true of Meta — then Facebook — and Netflix. But now, Wang said, both should be re-assessed. Meta, in particular, needs a new plan. "Facebook has got to do something besides ads," he told Yahoo Finance. "Once again, they're taking a beating for it. So, is it going to be the glasses? Is it going to be the metaverse? We're not there yet and that's really kind of what the challenge is." For Netflix, it's a question of growth, and what is and isn't on the table. And because the company's operating on a subscription model, Wang has questions about how much further they could go. "The reason they're out is because, how many more subscribers? How many more subscriptions are you going to handle?" he said. "Product placement should be where they are, plus the ability to do IP licensing. Look at how Disney makes its money." Wang stressed that Microsoft, which is often viewed as one of tech's leading legacy names, should be included in the group of tech's most elite leaders (and sometimes has been with the bulky FAAMNG acronym). "Microsoft has more than just business-to-business and consumer – they've been able to manage both," he said. "They're positioned well for the metaverse. They're positioned well for the cloud and, of course, they've got their gaming business." Rounding out the new grouping would be Tesla — a well-known success story at this point — and Nvidia. "Nvidia is a lot more than just the chips that we look at and more than the data center or gaming," Wang said. "They're sitting at the edge between AI, the metaverse, the future of computing, and the way they do their partnerships, they're set up in a way that's going to be dominant for quite some time." Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance. Follow her on Twitter at @agarfinks. Download the Yahoo Finance app for Apple or Android. Follow Yahoo Finance on Twitter, Facebook, Instagram, LinkedIn, and YouTube.
NVDA
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Nvidia's China Ban: How Big a Hit Is It?
In this video, I will be talking about the recent China ban imposed on Nvidia (NASDAQ: NVDA) by the U.S. government and how bad it actually is. Nvidia could lose as much as $400 million in sales to China due to new export requirements on its data center chips.
2022-09-05T07:30:00
Yahoo
Nvidia's China Ban: How Big a Hit Is It? In this video, I will be talking about the recent China ban imposed on Nvidia (NASDAQ: NVDA) by the U.S. government and how bad it actually is. Nvidia could lose as much as $400 million in sales to China due to new export requirements on its data center chips.
NVDA
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PC Shipments Are Expected to Decline. Is This More Bad News for AMD, Nvidia, and Intel Stock?
Today's video focuses on Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Intel (NASDAQ: INTC) and how each company could be affected by the weakness in PC shipments. Check out the short video to learn more, consider subscribing, and click the special offer link below.
2022-09-05T07:00:00
Yahoo
PC Shipments Are Expected to Decline. Is This More Bad News for AMD, Nvidia, and Intel Stock? Today's video focuses on Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Intel (NASDAQ: INTC) and how each company could be affected by the weakness in PC shipments. Check out the short video to learn more, consider subscribing, and click the special offer link below.
NVDA
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Why Nvidia Fell 16.9% in August
Shares of the largest chipmaker by market cap, Nvidia (NASDAQ: NVDA), swooned 16.9% in the month of August, according to data from S&P Global Market Intelligence. Like many other technology stocks, Nvidia had a nice July rally. Early in the month, Nvidia warned investors its second-quarter earnings would come in below expectations, especially its graphics segment.
2022-09-05T05:45:00
Yahoo
Why Nvidia Fell 16.9% in August Shares of the largest chipmaker by market cap, Nvidia (NASDAQ: NVDA), swooned 16.9% in the month of August, according to data from S&P Global Market Intelligence. Like many other technology stocks, Nvidia had a nice July rally. Early in the month, Nvidia warned investors its second-quarter earnings would come in below expectations, especially its graphics segment.
NVDA
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Nvidia (NASDAQ:NVDA) Stock Could Still Ride Out Tough U.S. Govt Licensing Norms, Says Top Analyst
Top-rated Needham analyst Rajvindra Gill was left disappointed recently by the U.S. Government’s hardened stance on chip exports to China and Russia, terming it a “...
2022-09-05T05:07:00
TipRanks
Top-rated Needham analyst Rajvindra Gill was left disappointed recently by the U.S. Government’s hardened stance on chip exports to China and Russia, terming it a “significant headwind” to Nvidia (NASDAQ:NVDA). Shares of the company have been in a free fall the past month, dropping 28.1%, amid concerns that the new licensing requirements from the U.S. Government could adversely impact its sales to China by around $400 million in Q3 of FY23. The analyst estimates that the U.S. Government is unlikely to soften its position anytime soon and has lowered his estimates for the U.S. chipmaker. Data Center Sales Likely to Take a Hit Analyst Gill believes that this stance is most likely to impact the sales of the A100 Data Centers, which contribute the most in terms of revenues to the Data Center business. He also pointed out that China now represents around 25% of NVDA’s overall data center revenues. As a result, Gill remains concerned with the slowdown in the spending on data center buildouts by Chinese companies like Alibaba (BABA) and Baidu (BIDU). Moreover, he believes that the Chinese economy is in deterioration and expects this to continue for the rest of this year. The analyst is of the view that while data center business is NVDA’s growth engine over the long term, competition in the business “will exert pressure on the company’s long-term positioning; however, we believe several industries will transition to AI [artificial intelligence]-based systems faster than before.” Is NVDA a Buy, Sell or Hold? The analyst remains bullish on the stock with a Buy rating but has lowered the price target from $185 to $170, implying an upside potential of 24.6% at current levels. However, other analysts on the Street remain cautiously optimistic about NVDA with a Moderate Buy consensus rating based on 23 Buys and eight Holds. NVDA’s average price prediction of $209.60 implies 53.6% upside potential. Similarly, financial bloggers are 83% Bullish on NVDA stock, compared to the sector average of 64%. Concluding Remarks Analysts are broadly expecting NVDA to take a hit in terms of revenues due to the tough stance of the U.S. Government. However, over the long term, the stock seems poised well and could even ride out this storm. Read full Disclosure
NVDA
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Better Buy: Nvidia vs. Snowflake
When it comes to quality businesses that are growing rapidly, one company's current profits might give it the edge.
2022-09-05T04:33:00
Yahoo
Better Buy: Nvidia vs. Snowflake When it comes to quality businesses that are growing rapidly, one company's current profits might give it the edge. When it comes to quality businesses that are growing rapidly, one company's current profits might give it the edge. Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment." Warren Buffett is undeniably the most famous and influential investor in modern history, based on his extraordinary performance record. Not surprisingly, the investment portfolio of Berkshire Hathaway Inc. (BRK.A), the holding company employing the Oracle of Omaha as chairman and CEO, receives wide media attention and scrutiny, even though Buffett is no longer making every investment decision. Despite his unparalleled success, Buffett's investment model has long been transparent, straightforward, and consistent. Stocks have blown past expectations for 2023 – but some analysts are bracing for a sell-off as the market approaches record highs. The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog. Berkshire Hathaway historically reports its quarterly financial results on weekends, and CEO Warren Buffet has a simple reason why. Berkshire (ticker: BRK.A, BRK.B) reported second-quarter earnings Saturday morning. Many other public companies, however, release their earnings results during the trading week, either before the market opens or after the closing bell. The market rally is at an infection point after notable losses. Here's what to do. Warren Buffett's Berkshire earnings rose. Is there a point at which I should stop reinvesting stock dividends and invest the money or save the cash? -Anonymous Many financial experts recommend that you reinvest dividends most of the time – and I'm inclined to agree. The … Continue reading → The post Ask an Advisor: Should I Stop Reinvesting Dividends? appeared first on SmartAsset Blog. There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and … Continue reading → The post Here's How Much to Keep in Stocks, Bonds and Cash in Retirement appeared first on SmartAsset Blog. The week ahead will feature a crucial inflation report and earnings out of Disney, UPS, and Alibaba as second quarter earnings season winds down. (Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia. One in 6 asset and wealth management companies will be bought or shut down in the next five years, according to a PwC survey of asset managers and institutional investors. Warren Buffett's Berkshire Hathaway operating profit rose by 10%. BRKB stock is just out of buy range. Travel scams are on the rise. Don't be a victim. VZ stock provides a dividend but a buyback has been shelved amid 5G wireless investments. When will revenue growth reaccelerate? Will generative artificial intelligence boost Palantir stock in the commercial market amid slowing revenue growth for the company? Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals … Continue reading → The post Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them appeared first on SmartAsset Blog. Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.
NVDA
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7 Growth Stocks That Could 10X by 2027
It takes courage and conviction right now to snap up growth stocks to buy that could appreciate 10-fold over the next five years.
2022-09-05T00:44:00
InvestorPlace
MarketWatch published an article early in 2022 which highlighted last year’s best-performing S&P 500, mid-cap, small-cap, Nasdaq-100, and Dow 30 stocks. Some of the names on the five lists were cited by analysts as the top growth stocks to buy in 2022. We know in hindsight that growth stocks weren’t the best bet over the past eight months. That distinction goes to energy stocks. The energy stocks in the S&P 500 jumped almost 45% in the first eight months of 2022. Out of the 11 sectors in the index, utilities is the only one besides energy in positive territory in 2022. The S&P 500’s utilities rose 3.4% through the first eight months of 2022. For this article, I’m tasked with selecting seven growth stocks to buy that have a better-than-average shot of appreciating ten-fold over the next five years. I’m going to take at least one name from each of the five MarketWatch lists. And to qualify for this column, stocks will have to have an average rating of “overweight” or “buy” from Wall Street analysts. |NVDA||Nvidia||$136.47| |DKS||Dick’s Sporting Goods||$108.23| |PRFT||Perficient||$73.49| |MRNA||Moderna||$138.57| |AAPL||Apple||$155.81| |ORLY||O’Reilly Automotive||$702.70| |CCRN||Cross Country Healthcare||$24.79| Nvidia (NVDA) Nvidia (NASDAQ:NVDA) gained 125.5% in 2021. It had tumbled 54% in 2022 through Friday. However, the analysts remain bullish on NVDA stock. Of the 44 covering NVDA , 35 rate it a “buy” or an “overweight.” Only one analyst has a “sell” rating on it. Their average price target for the shares is $211.02, more than 50% above its current share price. The chip maker’s three-year annualized average revenue growth is 32%. That’s the good news. The bad news is that NVDA expects its Q3 revenue to fall by 17% compared to the same period a year earlier. Also, it took a $1.34 billion charge in Q2 to account for the inventory that it wrote down due to slower-than-expected revenue growth. CEO Jensen Huang remains confident that the gaming market will rebound. “While Gaming navigates significant short-term macroeconomic challenges, we believe the long-term fundamentals in Gaming remain strong,” Huang stated on the company Q2 earnings conference call. “NVIDIA RTX has redefined computer graphics and is now supported by almost 300 games and applications. NVIDIA’s GeForce GPUs are the most coveted brand by gamers, representing 15 of the top 15 most popular GPUs on Steam.” NVDA stock hasn’t been this low since April 2021, more than 17 months ago. I like the chances of its share price rising ten-fold over the next five years. Dick’s Sporting Goods (DKS) Dick’s Sporting Goods (NYSE:DKS) gained 116.4% in 2021. It has given 6% back in 2022. Of the 26 analysts covering DKS stock, 13 rate it a “buy” or an “overweight.” Only one rates it a “sell,” and analysts’ average price target on the name is $124.78, about 16% higher than its current share price. Investors who did not carefully read the retailer’s earnings report would likely have wrongly concluded that it had a dud of a quarter. It did not. That’s far from the truth. The 5.1% decline in Dick’s same-store sales may scream “run for the hills,” but the retreat came on the heels of a 20% increase in SSS in Q2 of 2021. Even more impressively, Dick’s net sales of $3.1 billion last quarter were 38% higher than in the same period of 2019. And, as Executive Chairman Ed Stack pointed out, its earnings before taxes (EBT) in Q2 was equal to its EBT for all of 2019. “The state of our industry is strong, and we remain in a great lane. DICK’S is the clear market leader, and as a result of our transformation, we are well-positioned to extend our lead and deliver long-term sales and earnings growth,” Stack stated in the company’s quarterly press release. Maybe DKS stock won’t appreciate ten-fold over the next five years, but you can be darn sure that you won’t lose much on the shares either. Their risk/reward outlook is excellent. Perficient (PRFT) Perficient (NASDAQ:PRFT) gained 171% in 2021. It’s down 43% in 2022. The Missouri-based company is a consulting firm that helps its customers utilize digital technologies to better engage with their customers. It provides its services to healthcare, financial services, manufacturing, automotive firms, and companies in several other industries. Over the past three years, its average annualized revenue growth was 15.2%. Out of nine analysts, seven rate it a “buy,” with two “holds” and no “sell” recommendations. Their average price target on the shares is $115.25, 52% versus its current level of $72.77. The company’s Q2 results were excellent. Its revenues rose 21% year-over-year while its earnings per share, excluding some items, jumped 26%. For all of 2022, it expects revenue of $915 million at the midpoint of its guidance. On the bottom line, the midpoint of its outlook equates to adjusted EPS of $4.30 Based on the company’s 2022 guidance, it’s trading at 17.6 times its EPS and 2.9 times its sales. Those are both reasonable given its growth prospects. In July, the company announced that it would expand in India by adding new locations in Hyderabad and Pune, and increasing the office space in three other cities. The move adds approximately 73,000 square feet of office space for almost 2,000 new employees. These additions should meaningfully increase its revenue. Moderna (MRNA) Moderna (NASDAQ:MRNA) gained 143% in 2021. It’s down 45% in 2022. August ended with some good news for MRNA. First, it announced on Aug. 31 that the U.S. Food and Drug Administration (FDA) approved the company’s emergency use authorization (EUA) application for its Omicron-targeting Covid-19 booster vaccine for adults 18 and over. A day later, Health Canada issued the same approval. Moderna will initially supply 12 million doses to Canada, which will have an option to purchase an additional 4.5 million doses. In early August, Moderna reported its earnings for the first six months of 2022. On the top line, its revenues rose 71% YOY to $10.8 billion. On the bottom line, it earned $6.7 billion from its operations, 56% higher than during the same period a year earlier. Moderna is generating so much cash that it finished Q2 with $18.1 billion of cash and investments, up from $17.6 billion at the end of December. Moderna is trading at three times its cash. That’s a cheap valuation. Despite its low valuation, analysts are lukewarm on MRNA. Of the 19 analysts covering its stock, only seven rate it “overweight” or “buy.” Most have “hold” ratings on it and one has an outright “sell” rating on the shares. However, the analysts’ median target price is $197.00, versus its current price of $138. Moderna’s pipeline is substantial. It has 31 of its 43 development candidates in clinical trials. One or two of those are bound to pay off in a big way. Apple (AAPL) Apple (NASDAQ:AAPL) gained 34.6% in 2021. It’s down a little more than 12% in 2022. A Barron’s article from August made an interesting point about Apple’s size being a big negative for AAPL stock. “As the largest U.S. company by far—with a market capitalization more than $500 billion greater than the number-two, Microsoft (MSFT)—Apple is widely owned and has a tendency to drag around, and be dragged around by, the major indexes,” Barron’s contributor Jack Denton wrote. “After all, it makes up more than 7% of the entire S&P 500. If Apple was its own sector, it would have the seventh-largest weighting out of 12 and be almost twice as large as the energy sector.” Despite the concerns about China’s slowing economy hurting Apple’s sales, analysts remain relatively upbeat about its stock. Of the 41 analysts covering AAPL, 32 rate it “overweight” or a “buy.” Only two have an “underweight” or a “sell” rating on it. Apple’s services business continues to be very profitable. In the first nine months of 2022, the gross margin of its services business was 72%, almost double that of its products business. O’Reilly Automotive (ORLY) O’Reilly Automotive (NASDAQ:ORLY) appeared in my July column, called the 7 Best Retail Stocks to Buy Now. ORLY made the list because it consistently grows its free cash flow. It’s up almost 20% in 2022 relative to the S&P 500. Over the past five years, it’s up four-fold compared to the index. ORLY gained 56% in 2021. Analysts generally like the stock. Of the 24 covering it, 17 have “buy” or “overweight” ratings on it, and their average price target is $768.63, versus its current price of $701.50. I know that doesn’t seem like much of a difference. However, the shares perform well over the long haul. Since 2000, they’re up 8,400%, representing a compound annual growth rate of 22.8%. This little snippet from CEO Gregory Johnson’s Aug. 23 speech encapsulates the state of O’Reilly’s business: “So when you look at a 2-year stack basis, that comp will be 21%; 3-year, 28.5%. Gross margin year-to-date 51.6%; operating margin, 21.1%. And we’ve opened 116 net new stores and are on track to meet our projection of 175 to 185 stores for the year,” Johnson stated. “Diluted earnings per share came in at $15.94. We generated $1.2 billion in free cash flow and repurchased $2.2 billion worth of our stock year-to-date under the stock repurchase program.” As I said earlier, O’Reilly knows how to grow its free cash flow, but it’s also better than most at allocating it. Over the long-term, you won’t do much better than ORLY. Cross Country Healthcare (CCRN) Cross Country Healthcare (NASDAQ:CCRN) gained 213% in 2021, so it’s not surprising that it’s cooled off in 2022. However, relative to the Russell 2000, it’s up more than 9% on the year. Cross Country works with healthcare clients such as hospitals, outpatient clinics, ambulatory clinics, physician practice groups, and other healthcare-related facilities to recruit and staff their businesses. The demand for its services is very strong. Over the last three years, its revenue has grown at an annualized rate of 27.1% , while its operating income rose by an average of 104.4% annually. That’s some pretty good growth–and I don’t think that the firm is going to stop growing anytime soon. It’s fair to say that the sequential decreases in its financial results that occurred in Q2 will continue in the back half of the year as staffing shortages dissipate, returning to more normal historical levels. For example, in Q3, the company expects revenue of $610 million at the midpoint of its guidance. That’s 62.5% higher than a year earlier but down 19% from the previous quarter. Its adjusted EPS should also fall in Q3 versus Q2. The company’s biggest growth driver is its Managed Service Programs (MSPs). Between 2015 and 2021, the estimated revenue of these MSPs grew by $800 million to $1.1 billion. The annual run rate of its revenue in Q2 was $2.2 billion. It has approximately 100 customers across more than 550 facilities. Investors should expect more moderate growth from CCRN– barring any significant M&A transactions — but not a return to the slower growth that it generated before the pandemic. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
NVDA
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Page Not Found :(
2022-09-05T00:05:00
TipRanks
Shares of tech giant Nvidia (NASDAQ:NVDA) have lost substantial value this year. A slowdown in growth and overall selling in tech stocks weighed on its share price. Despite the decline, NVDA stock has negative signals from hedge funds, corporate insiders, and retail investors, implying the stock could remain pressured in the short term. But before reaching a conclusion, let’s examine why Nvidia stock is down and what’s on the horizon for its investors. Why Is Nvidia Share Price Falling? Nvidia manufactures ICs (integrated circuits) and high-end GPUs (graphics processing units). It witnessed an overwhelming demand for its products, leading to a rally in its stock price. Come 2022, Russia’s invasion of Ukraine, COVID-led restrictions in China, and macro weakness across many parts of the world weighed on Nvidia’s growth and dragged its stock down. It’s worth mentioning that NVDA stock has lost over 50% of its value this year alone. While macro and geopolitical headwinds continue to play spoilsport, the U.S. government’s hardened stance to prevent technology transfers to China (including Hong Kong) and Russia and the new license requirement for exports to these countries further pose challenges. What Is the Prediction for Nvidia Stock? Analysts remain cautiously optimistic about Nvidia’s prospect, given the increase in headwinds and a slowdown in its business. NVDA stock sports a Moderate Buy consensus rating on TipRanks based on 23 Buys and eight Holds. Further, due to a noteworthy decline in its price, NVDA’s average price target of $209.60 implies 53.6% upside potential. Moreover, as stated above, hedge fund managers, corporate insiders, and retail investors have lowered their exposure to NVDA stock. Hedge funds sold 417.9K NVDA stock last quarter. Meanwhile, insiders sold NVDA stock worth 36M during the same period. Also, 0.8% of investors holding portfolios on TipRanks lowered their exposure to NVDA stock in the last 30 days. Overall, NVDA stock carries a Neutral Smart Score of four out of 10. Bottom Line: Ongoing Headwinds to Limit Upside in the Short Term The U.S. government’s license requirement for exporting its A100 and forthcoming H100 ICs to China and Russia, continued sales decline in the gaming and professional visualization segment, a slowdown in the data center revenues, and supply constraints could limit the upside in NVDA stock in the short term. Read full Disclosure
NVDA
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Stock Market Analysis: AMZN, AAPL, NVDA, META, NFLX, TSLA, GOOGL
2022-09-04T23:14:00
TalkMarkets
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Top Stocks To Invest In Now? 3 Tech Stocks To Watch This Week
Is now the time to invest in these top tech stocks?
2022-09-04T17:51:19
StockMarket
Are These The Best Tech Stocks To Invest In September 2022? Many investors are keeping a close eye on technology stocks as we kick off September 2022. For the uninitiated, tech stocks have been on a roller coaster ride over the past year. Meanwhile, many analysts are predicting that they will continue to be volatile in the months ahead. While there is no sure way to predict the future of the stock market, there are a few factors that could impact tech stocks in the coming months. First, interest rates are expected to rise in the second half of the year, which could put pressure on stock prices. Additionally, the ongoing trade war between the United States and China could also lead to volatility in tech stocks, as tensions between the two countries continue to escalate. This is evident with tech firms like NVIDIA Corporation (NASDAQ: NVDA) and Micron Technology Inc. (NASDAQ: MU). Shares of both companies have fallen recently in light of new export rules from the U.S. in regards to exporting chips to China. Finally, earnings reports from major tech companies will also being digested by investors. With so much uncertainty on the horizon, it’s important to stay disciplined with your investment strategy and keep a diversified portfolio. Technology stocks may be volatile, but they can still offer opportunities for long-term growth. With that, here are three top tech stocks to watch in the stock market today. Tech Stocks To Invest In [Or Avoid] Right Now - Shopify Inc. (NYSE: SHOP) - Microsoft Corporation (NASDAQ: MSFT) - Roblox Corporation (NYSE: RBLX) Shopify (SHOP Stock) Next, Shopify Inc. (SHOP) is a Canadian e-commerce company headquartered in Ottawa, Ontario. In brief, the company offers online retailers a platform to buy and sell products. As well as a suite of tools to manage inventory, orders, and customers. Shopify is an e-commerce platform that enables businesses of all sizes to sell online. In July, the company reported a miss for its second quarter 2022 financial results. In detail, Shopify reported a 2nd quarter 2022 loss of $0.01 per share, with revenue of $1.3 billion. Versus, Wall Street’s consensus earnings estimate of $0.03 per share, with revenue of $1.8 billion. Additionally, the company notched in a revenue increase of 16% during the same period, in 2021. Moreover, the company reported that its subscription solutions revenue was up 10% year-over-year at $366.4 million for the quarter. “While commerce through offline channels grew faster in Q2, where our exposure is lower but growing, we continued to see increased adoption of our solutions, enabling our merchants to remain agile against a challenging macro environment and highlighting the breadth and resilience of our business model,” stated Amy Shapero, Shopify’s CFO. With that, shares of SHOP have been beaten down by over 77%. This comes after closing Friday’s trading session at $30.11 per share. Considering all of this, do you think SHOP is a good buy at these price levels? [Read More] 5 Top Dividend Stocks To Watch In A Bear Market Microsoft (MSFT Stock) Next, Microsoft Corporation (MSFT) is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses supports, and sells computer software, consumer electronics, personal computers, and related services. Most notably, some of its best-known software products are; Microsoft Windows, Microsoft Office suite, Internet Explorer and Edge web browsers. For a sense of scale, Microsoft is one of the largest information technology companies in the world. In July, Microsoft reported its most recent Q4 2022 financial results. In detail, the company posted earnings of $2.23 per share. As well as revenue of $51.9 billion. This is in comparison to, analysts’ consensus estimates of earnings of $2.28 per share, on revenue of $52.9 billion. “In a dynamic environment we saw strong demand, took share, and increased customer commitment to our cloud platform. Commercial bookings grew 25% and Microsoft Cloud revenue was $25 billion, up 28% year over year,” commented Amy Hood, executive vice president, and CFO of Microsoft. “As we begin a new fiscal year, we remain committed to balancing operational discipline with continued investments in key strategic areas to drive future growth.” With that, shares of MSFT stock are still down over 23% since the start of 2022. As of Friday’s closing bell, shares of MSFT stock are trading at $256.06 per share. [Read More] Cheap Stocks To Buy Now? 3 Marijuana Stocks To Watch Roblox (RBLX Stock) Lastly, Roblox Corporation (RBLX) is an American technology company that develops and operates the Roblox platform, which is a social networking service for people to play games, create experiences and interact with other people. Just last month, the company announced its second quarter 2022 financial results. Diving in, Roblox reported a loss of $0.30 per share on revenue of $591.2 million for the second quarter. This is in comparison with the consensus estimates of a loss of $0.23 per share and revenue of $658.5 million. Though, Roblox was able to notch in a revenue increase of 30.2% during the same period, last year. Meanwhile, the company announced its Average Daily Active Users grew 21% year-over-year to 52.2 million. David Baszucki, CEO of Roblox commented in his letter to shareholders, “We are driving record levels of users and engagement globally as we execute on our innovation roadmap and broaden the appeal of Roblox across geographies and age groups. We continue to make progress on key operational and product initiatives to enhance the long-term value of the Roblox platform.” Moving along, shares of RBLX stock are down over 60%. Meanwhile, RBLX stock is looking to start off this shortened trading week at $37.94 per share. With this in mind, will you be watching RBLX stock in the stock market this week? If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!
NVDA
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Trading The Top 10 Stocks From 40 Large Hedge Funds: Trading Update 9/4/2022
A strategy selecting 10 of the 50 stocks, equally weighted, would have increased total return to 178.0%, an active return of 61.6% vs. SPY.
2022-09-04T17:24:20
SeekingAlpha
Trading The Top 10 Stocks From 40 Large Hedge Funds: Trading Update 9/4/2022 Summary - This portfolio strategy uses the quarterly 13F filings to extract 50 consensus stocks from 40 large hedge funds that have more than $3.5 billion in Assets Under Management. - From 1/2/2016 to date investing in all 50 stocks, equally weighted, would have produced a total return of 78.5%, an active return of -37.8% when compared to SPY’s 116.3%. - A strategy selecting 10 of the 50 stocks, equally weighted, would have increased the total return to 178.0%, an active return of 61.6% when compared to SPY. - Here we report the most recent holdings and the trading signals for 9/6/2022. Research from Barclays and Novus published in October 2019 found that a copycat stock selection strategy that combines conviction and consensus of fund managers that have longer-term views outperformed the S&P 500 by 3.80% on average annually from Q1 2004 to Q2 2019. Based on that rational, we previously presented two trading models (in Article-1 and Article-2) that use the top 50 consensus stocks of 40 Large Hedge Funds (listed in Appendix A below), that historically outperformed the S&P 500. The iM-Top50(from 40 Hedge Funds) model holds all 50 stocks equally weighted and has a low turnover. The iM-Top10(from 40 Hedge Funds) model holds a subset of 10 stocks, also equally weighted, but with higher turnover which is rewarded by improved returns. The performance simulation, and generation of trading signals, for these strategies is done using the platform Portfolio123 and reported below. For more comprehensive description of the 50 stock universe please refer to here. Note: This update is published on Seeking Alpha, editor permitting, only if the model has generated trading signals. Model Performance: Note: The iM-Top10VariableWeight model (green line) is an experimental model. It holds the same stocks as the iM-Top10 model put position weights are adjusted to an inverse function of market capitalization, that is the higher the market cap of the stock the lower the position weight. As a consequence it is difficult to trade as market capitalization changes with the stock price. Trade Signals for 9/6/2022 |iM-Top10(of 40 Large Hedge Funds)| |Action||Ticker||Shares||Name| |SELL||ADBE||67||Adobe, Inc.| |BUY||QCOM||192||QUALCOMM, Inc.| |iM-Top50(of 40 Large Hedge Funds)| |No Trades| The models trade on the first trading day of the week. Trading signals are published on a weekly basis here on Seeking Alpha (subject to model trading and editor’s acceptance) and on iMarketSignals. Next update on Sunday 9/13/2022 Holdings for iM-Top10(of 40 Large Hedge Funds) as of 9/2/2022 |Current Portfolio 9/2/2022||Cash Flow| |Ticker||Number of Shares||Weight||Value now||Open Date||Open Costs||Rebal Costs | Return||Dividends Received||Gain to date| |(AAPL)||179||10.03%||$27,890||08/22/22||($30,109)||—||—||($2,219)| |(ADBE)||67||8.87%||$24,665||08/08/22||($29,199)||—||—||($4,533)| |(CHTR)||67||9.81%||$27,278||08/22/22||($29,707)||—||—||($2,429)| |(DHR)||103||9.98%||$27,750||06/13/22||($25,190)||—||$26||$2,586| |(INCY)||411||10.38%||$28,856||08/22/22||($30,326)||—||—||($1,470)| |(MA)||87||10.10%||$28,063||05/02/22||($27,266)||($3,816)||$37||($2,982)| |(SCHW)||416||10.53%||$29,261||08/08/22||($28,585)||—||$92||$768| |(TDG)||50||10.81%||$30,060||05/23/22||($28,158)||—||$925||$2,827| |(TSM)||321||9.34%||$25,969||08/08/22||($28,268)||—||—||($2,299)| |(V)||140||9.96%||$27,686||12/07/20||($30,865)||$1,269||$360||($1,549)| Holdings for iM-Top50(of 40 Large Hedge Funds) as of 8/19/2022 |Current Portfolio 9/2/2022||Cash Flow| |Ticker||Number of Shares||Weight||Value now||Open Date||Open Costs||Rebal Costs | Return||Dividends Received||Gain to date| |(AAPL)||24||2.09%||$3,739||01/04/16||($2,109)||$4,982||$269||$6,881| |(ADBE)||9||1.86%||$3,313||01/04/16||($2,118)||$3,218||—||$4,414| |(ALTR)||69||1.88%||$3,358||08/22/22||($3,714)||—||—||($357)| |(AMT)||14||1.97%||$3,512||01/04/16||($2,033)||$1,727||$480||$3,686| |(AMZN)||30||2.14%||$3,825||01/04/16||($1,913)||$3,912||—||$5,825| |(APP)||140||1.89%||$3,373||05/30/22||($3,147)||($2,402)||—||($2,176)| |(BRK.B)||13||2.02%||$3,610||05/23/22||($4,343)||$144||—||($589)| |(BSX)||96||2.18%||$3,887||02/24/20||($3,949)||$152||—||$90| |(CHTR)||8||1.82%||$3,257||08/22/22||($3,547)||—||—||($290)| |(CNI)||32||2.10%||$3,744||05/23/22||($4,410)||$819||$23||$175| |(COUP)||55||1.76%||$3,134||08/19/19||($3,549)||($3,491)||—||($3,906)| |(CRM)||20||1.72%||$3,074||05/22/17||($2,315)||$840||—||$1,599| |(CRWD)||20||1.93%||$3,449||05/26/20||($4,210)||$5,621||—||$4,860| |(DHR)||13||1.96%||$3,502||08/19/19||($3,547)||$3,433||$54||$3,442| |(DOCU)||57||1.74%||$3,104||08/24/20||($5,118)||($4,258)||—||($6,272)| |(ELV)||8||2.16%||$3,856||02/28/22||($4,503)||$854||$29||$237| |(FATE)||133||1.99%||$3,554||02/16/21||($6,499)||($3,851)||—||($6,796)| |(FIS)||38||1.92%||$3,419||08/22/22||($3,724)||—||—||($305)| |(FISV)||44||2.50%||$4,463||11/18/19||($3,209)||($1,830)||—||($576)| |(FOLD)||396||2.54%||$4,538||05/23/22||($4,407)||$1,277||—||$1,408| |(GFS)||62||2.01%||$3,589||08/22/22||($3,680)||—||—||($92)| |(GOOGL)||34||2.05%||$3,667||01/04/16||($2,281)||$2,932||—||$4,318| |(INCY)||45||1.77%||$3,159||02/28/22||($4,566)||$1,507||—||$100| |(INTU)||8||1.88%||$3,360||02/19/19||($3,523)||$3,219||$112||$3,168| |(KMX)||39||1.91%||$3,415||05/24/21||($5,377)||$721||—||($1,241)| |(MA)||11||1.99%||$3,548||01/04/16||($2,088)||$2,636||$144||$4,241| |(MCO)||12||1.91%||$3,413||01/04/16||($2,044)||$2,791||$259||$4,419| |(META)||22||1.98%||$3,527||01/04/16||($2,047)||($928)||—||$553| |(MSFT)||16||2.29%||$4,097||01/04/16||($2,085)||$3,882||$366||$6,260| |(MU)||62||1.96%||$3,492||08/22/22||($3,634)||—||—||($142)| |(NFLX)||17||2.15%||$3,844||01/04/16||($2,092)||$687||—||$2,439| |(NOW)||8||1.95%||$3,476||11/19/18||($2,825)||$3,001||—||$3,652| |(NVDA)||21||1.61%||$2,866||02/24/20||($3,830)||$6,951||$16||$6,003| |(QCOM)||24||1.73%||$3,084||08/24/20||($5,106)||$3,168||$238||$1,384| |(SCHW)||58||2.29%||$4,080||02/28/22||($4,555)||($526)||$24||($978)| |(SGEN)||24||2.05%||$3,656||01/04/16||($2,099)||$2,907||—||$4,465| |(SNOW)||26||2.50%||$4,459||02/16/21||($6,487)||($89)||—||($2,117)| |(SPGI)||10||1.95%||$3,476||05/23/22||($4,544)||$976||$20||($72)| |(TDG)||6||2.02%||$3,607||01/04/16||($2,071)||$2,572||$1,023||$5,131| |(TMO)||8||2.44%||$4,348||05/23/22||($4,446)||—||$2||($95)| |(TMUS)||28||2.23%||$3,975||05/23/22||($4,395)||$704||—||$285| |(TSLA)||18||2.72%||$4,864||05/26/20||($4,098)||$10,984||—||$11,749| |(TSM)||43||1.95%||$3,479||11/22/21||($6,768)||$1,599||$61||($1,629)| |(UBER)||137||2.23%||$3,980||05/23/22||($4,358)||$1,350||—||$972| |(UNH)||7||2.02%||$3,614||05/22/17||($2,274)||$3,836||$314||$5,492| |(UNP)||17||2.13%||$3,807||05/23/22||($4,331)||$670||$48||$194| |(V)||17||1.88%||$3,362||01/04/16||($2,046)||$1,693||$170||$3,179| |(W)||71||1.98%||$3,527||11/23/20||($5,390)||($5,138)||—||($7,001)| |(WDAY)||25||2.22%||$3,964||05/26/20||($4,213)||$159||—||($91)| Appendix A Hedge Fund Filers: - Akre Capital Management LLC - Alkeon Capital Management LLC - Altimeter Capital Management, LP - Aristotle Capital Management, LLC - Baker Bros. Advisors LP - Barings LLC - Calamos Advisors LLC - Capital International Ltd - Citadel Advisors LLC - Coatue Management LLC - D. E. Shaw & Company, Inc. - Disciplined Growth Investors Inc - DSM Capital Partners LLC - Echo Street Capital Management LLC - FMR LLC - Fort Washington Investment Advisors Inc - GW&K Investment Management, LLC - Hitchwood Capital Management LP - Jennison Associates LLC - King Luther Capital Management Corp - Kohlberg Kravis Roberts & Company LP - Lone Pine Capital LLC - Loomis Sayles & Company LP - Matrix Capital Management Company, LP - Meritage Group LP - Panagora Asset Management Inc - Perceptive Advisors LLC - Pinebridge Investments, LP - Redmile Group, LLC - Renaissance Technologies LLC - Riverbridge Partners LLC - Ruane, Cunniff & Goldfarb LP - Steadfast Capital Management LP - TCI Fund Management Ltd - Tiger Global Management LLC - Verition Fund Management LLC - Viking Global Investors LP - Westfield Capital Management Company LP - Whale Rock Capital Management LLC - Winslow Capital Management, LLC This article was written by Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Comments (4)
NVDA
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Is Nvidia Stock a Buy Now?
In late August, Nvidia (NASDAQ: NVDA) reported results for its fiscal second-quarter (ended July 31), and they weren't great. The long-term opportunity for Nvidia looks bright as semiconductors are rising in popularity, and the company is still seeing success in the industries with the highest potential. Second-quarter earnings results were a significant shift compared to Nvidia's previous quarters.
2022-09-04T07:53:00
Yahoo
Is Nvidia Stock a Buy Now? In late August, Nvidia (NASDAQ: NVDA) reported results for its fiscal second-quarter (ended July 31), and they weren't great. The long-term opportunity for Nvidia looks bright as semiconductors are rising in popularity, and the company is still seeing success in the industries with the highest potential. Second-quarter earnings results were a significant shift compared to Nvidia's previous quarters.
NVDA
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1 Growth Stock To Buy and Hold in a Market Downturn
Nvidia (NASDAQ: NVDA) has seen its share price fall 59% off its high. After soaring during the earlier stages of the pandemic, Nvidia's sales growth is slowing. Let's see why Nvidia could be an outstanding stock to buy if the broader-market declines take its share prices down even more.
2022-09-04T07:34:00
Yahoo
1 Growth Stock To Buy and Hold in a Market Downturn Nvidia (NASDAQ: NVDA) has seen its share price fall 59% off its high. After soaring during the earlier stages of the pandemic, Nvidia's sales growth is slowing. Let's see why Nvidia could be an outstanding stock to buy if the broader-market declines take its share prices down even more.
NVDA
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Worried About Nvidia? Buy This Tech Stock Right Now
Nvidia's (NASDAQ: NVDA) fiscal 2022 second-quarter results (for the three months ending July 31, 2022) sent shockwaves through the tech industry, as its tepid year-over-year growth, shrinking margins, and terrible outlook suggested that robust semiconductor demand may have come to an end. The 33% decline in revenue from sales of gaming graphics cards weighed heavily on Nvidia's quarterly results. The company had to contend with an oversupply of GPUs (graphics processing units) as cryptocurrency miners sold off their chips and demand from gamers weakened.
2022-09-04T03:05:00
Yahoo
Worried About Nvidia? Buy This Tech Stock Right Now Nvidia's (NASDAQ: NVDA) fiscal 2022 second-quarter results (for the three months ending July 31, 2022) sent shockwaves through the tech industry, as its tepid year-over-year growth, shrinking margins, and terrible outlook suggested that robust semiconductor demand may have come to an end. The 33% decline in revenue from sales of gaming graphics cards weighed heavily on Nvidia's quarterly results. The company had to contend with an oversupply of GPUs (graphics processing units) as cryptocurrency miners sold off their chips and demand from gamers weakened.
NVDA
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The Fed Chief Speaks; Wall Street Reacts
And we talk with Harvard Business School professor Ranjay Gulati about key insights from his book "Deep Purpose: The Heart and Soul of High-Performance Companies."
2022-09-03T06:00:00
Yahoo
The Fed Chief Speaks; Wall Street Reacts And we talk with Harvard Business School professor Ranjay Gulati about key insights from his book "Deep Purpose: The Heart and Soul of High-Performance Companies." And we talk with Harvard Business School professor Ranjay Gulati about key insights from his book "Deep Purpose: The Heart and Soul of High-Performance Companies." Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment." Warren Buffett is undeniably the most famous and influential investor in modern history, based on his extraordinary performance record. Not surprisingly, the investment portfolio of Berkshire Hathaway Inc. (BRK.A), the holding company employing the Oracle of Omaha as chairman and CEO, receives wide media attention and scrutiny, even though Buffett is no longer making every investment decision. Despite his unparalleled success, Buffett's investment model has long been transparent, straightforward, and consistent. Stocks have blown past expectations for 2023 – but some analysts are bracing for a sell-off as the market approaches record highs. The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog. Berkshire Hathaway historically reports its quarterly financial results on weekends, and CEO Warren Buffet has a simple reason why. Berkshire (ticker: BRK.A, BRK.B) reported second-quarter earnings Saturday morning. Many other public companies, however, release their earnings results during the trading week, either before the market opens or after the closing bell. The market rally is at an infection point after notable losses. Here's what to do. Warren Buffett's Berkshire earnings rose. Is there a point at which I should stop reinvesting stock dividends and invest the money or save the cash? -Anonymous Many financial experts recommend that you reinvest dividends most of the time – and I'm inclined to agree. The … Continue reading → The post Ask an Advisor: Should I Stop Reinvesting Dividends? appeared first on SmartAsset Blog. There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and … Continue reading → The post Here's How Much to Keep in Stocks, Bonds and Cash in Retirement appeared first on SmartAsset Blog. (Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal The week ahead will feature a crucial inflation report and earnings out of Disney, UPS, and Alibaba as second quarter earnings season winds down. AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia. One in 6 asset and wealth management companies will be bought or shut down in the next five years, according to a PwC survey of asset managers and institutional investors. Warren Buffett's Berkshire Hathaway operating profit rose by 10%. BRKB stock is just out of buy range. Will generative artificial intelligence boost Palantir stock in the commercial market amid slowing revenue growth for the company? VZ stock provides a dividend but a buyback has been shelved amid 5G wireless investments. When will revenue growth reaccelerate? Travel scams are on the rise. Don't be a victim. Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals … Continue reading → The post Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them appeared first on SmartAsset Blog. Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.
NVDA
https://finnhub.io/api/news?id=286e322601cac148c4eff9d8bb464f910aa3c21a08c4fdc4ec6292f5642b5fa7
How Much Revenue Does Nvidia Get From China? It's Complicated
The way Nvidia's gaming business works makes it hard to tell how important Chinese end users are.
2022-09-03T05:50:00
Yahoo
How Much Revenue Does Nvidia Get From China? It's Complicated The way Nvidia's gaming business works makes it hard to tell how important Chinese end users are. The way Nvidia's gaming business works makes it hard to tell how important Chinese end users are. Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment." Warren Buffett is undeniably the most famous and influential investor in modern history, based on his extraordinary performance record. Not surprisingly, the investment portfolio of Berkshire Hathaway Inc. (BRK.A), the holding company employing the Oracle of Omaha as chairman and CEO, receives wide media attention and scrutiny, even though Buffett is no longer making every investment decision. Despite his unparalleled success, Buffett's investment model has long been transparent, straightforward, and consistent. Stocks have blown past expectations for 2023 – but some analysts are bracing for a sell-off as the market approaches record highs. The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog. Berkshire Hathaway historically reports its quarterly financial results on weekends, and CEO Warren Buffet has a simple reason why. Berkshire (ticker: BRK.A, BRK.B) reported second-quarter earnings Saturday morning. Many other public companies, however, release their earnings results during the trading week, either before the market opens or after the closing bell. The market rally is at an infection point after notable losses. Here's what to do. Warren Buffett's Berkshire earnings rose. Is there a point at which I should stop reinvesting stock dividends and invest the money or save the cash? -Anonymous Many financial experts recommend that you reinvest dividends most of the time – and I'm inclined to agree. The … Continue reading → The post Ask an Advisor: Should I Stop Reinvesting Dividends? appeared first on SmartAsset Blog. There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and … Continue reading → The post Here's How Much to Keep in Stocks, Bonds and Cash in Retirement appeared first on SmartAsset Blog. The week ahead will feature a crucial inflation report and earnings out of Disney, UPS, and Alibaba as second quarter earnings season winds down. (Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia. One in 6 asset and wealth management companies will be bought or shut down in the next five years, according to a PwC survey of asset managers and institutional investors. Warren Buffett's Berkshire Hathaway operating profit rose by 10%. BRKB stock is just out of buy range. Travel scams are on the rise. Don't be a victim. VZ stock provides a dividend but a buyback has been shelved amid 5G wireless investments. When will revenue growth reaccelerate? Will generative artificial intelligence boost Palantir stock in the commercial market amid slowing revenue growth for the company? Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals … Continue reading → The post Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them appeared first on SmartAsset Blog. Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.
NVDA
https://finnhub.io/api/news?id=dbcf5d5047d23c2c730aab97f34e57004c778f126ab47426d66f895be8ea9248
1 Big Reason Why Nvidia's Second-Quarter Earnings Results Underwhelmed Investors
Although this graphics processing unit manufacturer faces strong short-term headwinds, its long-term future remains bright.
2022-09-03T03:01:00
Yahoo
1 Big Reason Why Nvidia's Second-Quarter Earnings Results Underwhelmed Investors Although this graphics processing unit manufacturer faces strong short-term headwinds, its long-term future remains bright. Although this graphics processing unit manufacturer faces strong short-term headwinds, its long-term future remains bright. Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment." Warren Buffett is undeniably the most famous and influential investor in modern history, based on his extraordinary performance record. Not surprisingly, the investment portfolio of Berkshire Hathaway Inc. (BRK.A), the holding company employing the Oracle of Omaha as chairman and CEO, receives wide media attention and scrutiny, even though Buffett is no longer making every investment decision. Despite his unparalleled success, Buffett's investment model has long been transparent, straightforward, and consistent. Stocks have blown past expectations for 2023 – but some analysts are bracing for a sell-off as the market approaches record highs. The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog. Berkshire Hathaway historically reports its quarterly financial results on weekends, and CEO Warren Buffet has a simple reason why. Berkshire (ticker: BRK.A, BRK.B) reported second-quarter earnings Saturday morning. Many other public companies, however, release their earnings results during the trading week, either before the market opens or after the closing bell. The market rally is at an infection point after notable losses. Here's what to do. Warren Buffett's Berkshire earnings rose. Is there a point at which I should stop reinvesting stock dividends and invest the money or save the cash? -Anonymous Many financial experts recommend that you reinvest dividends most of the time – and I'm inclined to agree. The … Continue reading → The post Ask an Advisor: Should I Stop Reinvesting Dividends? appeared first on SmartAsset Blog. There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and … Continue reading → The post Here's How Much to Keep in Stocks, Bonds and Cash in Retirement appeared first on SmartAsset Blog. The week ahead will feature a crucial inflation report and earnings out of Disney, UPS, and Alibaba as second quarter earnings season winds down. (Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia. One in 6 asset and wealth management companies will be bought or shut down in the next five years, according to a PwC survey of asset managers and institutional investors. Warren Buffett's Berkshire Hathaway operating profit rose by 10%. BRKB stock is just out of buy range. Travel scams are on the rise. Don't be a victim. VZ stock provides a dividend but a buyback has been shelved amid 5G wireless investments. When will revenue growth reaccelerate? Will generative artificial intelligence boost Palantir stock in the commercial market amid slowing revenue growth for the company? Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals … Continue reading → The post Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them appeared first on SmartAsset Blog. Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.
NVDA
https://finnhub.io/api/news?id=a48047cd8d4c7afac9616944004e2bd0a0eb93ba335f4a6c39a21f5f116639d5
Wall Street Breakfast: What Moved Markets
Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify.
2022-09-03T00:58:09
SeekingAlpha
Wall Street Breakfast: What Moved Markets Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. The S&P 500 on Friday posted another week of hefty losses, falling 3.29% for the five-day session. The benchmark index has now posted a three-week losing streak after a four-week run of gains. The markets are closed on Monday for the Labor Day holiday. Muted investor sentiment carried on from last week after the U.S. Federal Reserve Chair at the Jackson Hole symposium indicated that policymakers were committed to raising rates in order to combat inflation. A trend of good-news-is-bad-news trading also weighed on the S&P 500, as economic data released during the week supported the case for a hawkish Fed. Investors digested job openings data that exceeded consensus expectations, a retooled ADP report that showed less-than-expected jobs were added in August, jobless claims figures, a stronger-than-expected ISM manufacturing PMI readout and an unexpected increase in the unemployment rate. The S&P 500 along with the broader market also took a hit from semiconductor stocks which fell after the U.S. prohibited Nvidia from selling some of its products to China. Oil prices ended the week higher on expectations that OPEC+ will discuss output cuts at a meeting next week. Brent crude futures settled at $93.02 a barrel, while U.S. West Texas Intermediate crude futures settled at $86.87 a barrel. Read Seeking Alpha's Catalyst Watch for a preview of some the big events scheduled for the week ahead. As the fallout from Jackson Hole rippled through markets this week, investors had their eyes on more drama stemming from the central bank. The Federal Reserve began to raise the throttle of its quantitative tightening (QT) program by picking up the pace at which it unwinds its balance sheet. The move is a stark reversal of pandemic-era bond buying, which saw the central bank nearly double its balance sheet to nearly $9T from $4.2T over the past two years. Bigger picture: Unlike the large rate hikes being broadcast by the Fed - which have been quick to capture investor attention - QT is a more opaque way of tightening financial conditions. Note that the central bank is not selling its Treasury holdings outright, but is rather letting them mature to shrink its balance sheet. After an initial few months at a slower pace, monthly caps for offloading Treasuries and mortgage-backed securities are set to double to $60B and $35B, respectively, compared to the peak combined rate of $50B the last time the Fed trimmed its balance sheet in 2017-2019. The whole thing is somewhat of a complicated accounting process, involving settlement windows and redemption caps, but at a basic level, it ultimately reduces the supply of bank reserves and drains money from the financial system. Some safety valves have been implemented this time around, like the Standing Repo Facility, after chaos in the repo market prompted an early end to the last QT program in 2019. The new facility will allow primary dealers to borrow more reserves from the Fed against high-quality collateral, but some caution it might not be enough to stave off liquidity issues, and could complicate Chair Powell's plan to raise rates and bring inflation under control. Commentary: "I don't think there is appreciation for QT, by markets or the Fed," said Solomon Tadesse, head of quantitative equities strategies North America at Societe Generale. "In the end, if QE mattered, so will QT. It might not be totally symmetrical, but there will be a meaningful impact." (9 comments) Weeks after 'Big Short' investor Michael Burry said the "market silliness" is back, famed fund manager Jeremy Grantham issued a warning to "prepare for an epic finale" to the market cycle. He argued that the current "superbubble" in asset prices hasn't deflated yet and appears to be dangerously close to its "final act." Some have compared Grantham and Burry to "a broken clock" that is right twice a day, especially since they have been issuing "superbubble" warnings since the pandemic began, but the two have made serious money off bubbles in Japan in the late 1980s, the dot-com era and the U.S. housing market crash in 2008. Quote: "One of those features is the bear-market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst," Grantham wrote in the fresh research note. "This, in all three previous cases, recovered over half the market's initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. This summer's rally has so far perfectly fit the pattern." "My bet is that we're going to have a fairly tough time of it economically and financially before this is washed through the system. What I don't know is: Does that get out of hand like it did in the '30s, is it pretty well contained as it was in 2000, or is it somewhere in the middle? The U.S. stock market remains very expensive and an increase in inflation like the one this year has always hurt multiples, although more slowly than normal this time. But now the fundamentals have also started to deteriorate enormously and surprisingly: Between COVID in China, war in Europe, food and energy crises, record fiscal tightening, and more, the outlook is far grimmer than could have been foreseen in January." Outlook: Despite the warnings, an aggressive Fed tightening cycle and worries about the economy, most American retirement savers haven't made changes to their portfolios. Only 5% of 401(k) and 403(b) investors shifted their asset allocations during the second quarter, according to Fidelity Investments, and the majority of those investors only made one switch to more conservative assets. Set it and forget it? Don't time the market? (167 comments) 1 in 6 Americans are smoking marijuana these days, a new high in the latest Gallup poll, which painted how the times are rapidly changing. Only 1 in 8 Americans were toking last year, and that drops down to 7% of the population when going back to 2013. The trend has picked up as recreational use of cannabis becomes legal in nearly half of all U.S. states (with 38 states approving it for medical purposes), supported by shifting attitudes and cultural trends of the American public. Putting it in perspective: Nearly a third of adult respondents under the age of 35 told Gallup that they smoke marijuana, while nearly half (a total of 48%) of Americans have tried pot at some point in their lifetime. That's up from 4% of the U.S. population that took a hit during the height of the hippie movement in 1969, 24% by 1977, 33% in 1985 and 38% in 2013. Another interesting find is that regular cannabis usage has surpassed cigarette use for the first time, with only 11% of Americans saying they smoke stoges in the poll conducted in July. "The future of marijuana use is, I would say, somewhat up in the air, but the probability is higher that its use will increase rather than decrease," wrote Gallup Senior Scientist Dr. Frank Newport. "Those who have tried marijuana are particularly likely to say marijuana has positive effects, and the majority of Americans are not convinced that marijuana use is harmful either for its users or for society. In contrast, it should be noted, some authorities argue that marijuana is quite dangerous, particularly for young adults, and it is possible that attitudes toward its use could change if focus on the downsides of marijuana increases in the years ahead." Legislative front: While Congress is looking to advance cannabis legislation at the federal level, there are still some strong headwinds to the measures being pitched on Capitol Hill. In July, the Cannabis Administration and Opportunity Act was introduced in the Senate to remove marijuana from the list of Schedule I controlled substances, but there are slim odds that the bill will pass. Back in April, the House also passed the Marijuana Opportunity Reinvestment and Expungement Act - which would erase prior marijuana convictions and conduct resentencing hearings - though the measure still needs approval in the Senate. (431 comments) The shorts appear to be winning the recent battle at Bed Bath & Beyond (BBBY). A drubbing on Wednesday means investors can now buy the stock with the company's famous "20% off" coupon, and things didn't fare better the rest of week, with BBBY sliding to the $8 level. Shares were already deflating after meme mania pushed them up to the $23 range in mid-August, but they have shaved off nearly $1B in market value over the past two weeks. The latest: Bed Bath unveiled a plan to reduce a third of its in-house home goods brands and cut 20% of jobs across corporate and the supply chain. It also announced commitments for more than $500M of new financing, while potentially raising capital by selling as many as 12M new shares. Following a strategic review, it will retain the buybuy BABY banner, but the company will shutter 150 "lower-producing" locations. "While there is much work ahead, our road map is clear and we're confident that the significant changes we’ve announced today will have a positive impact on our performance,” said interim chief executive Sue Gove, after years of competition from the likes of Target (TGT) and Amazon (AMZN). Burning through cash: Many of Bed Bath's efforts are aimed at steadying its balance sheet, which ended May with around $100M, compared to $1.1B a year earlier. The retailer also predicts it used up another $325M in cash during Q2, which is closer to the amount analysts forecast the company would use over two quarters. It also means the cash burn over the last half a year was north of $800M, not a great sign especially when BBBY's market cap is now around $760M. (76 comments) Longtime Starbucks (SBUX) CEO Howard Schultz is passing over the reins again after returning as the head of the company for the third time in April. Schultz was previously CEO from 1986 to 2000, when his specialty coffee shop called Il Giornale merged with Starbucks (and eventually went public), and from 2008 to 2017, when he succeeded Jim Donald during the financial crisis. His latest stint followed the retirement of Kevin Johnson, though it was an interim position until a new CEO was found. The new face of Starbucks: Hailing from consumer goods giant Reckitt Benckiser (OTCPK:RBGPF), Laxman Narasimhan will join Starbucks on October 1. The 55-year-old is credited for navigating the Lysol and Durex maker through the pandemic, and revitalizing the company following a sales slump that even led to a raise in annual guidance earlier this year. His move to Starbucks will be somewhat of a long onboarding process, with Narasimhan relocating from London to the Seattle area to work closely with Schultz, before assuming the CEO role and taking the helm in April 2023. "Laxman is a strategic and transformational leader with deep experience in building powerful consumer brands," Schultz wrote in a letter to employees. "He is uniquely positioned to shape this work and lead the company forward with his partner-centered approach and demonstrated track record of building capabilities and driving growth in both mature and emerging markets." Outlook: During the six-month onboarding process, Narasimhan will specifically dive into Starbucks' "Reinvention" program, which includes better pay for baristas and reimaging stores and the customer experience. Over the past year, more than 200 Starbucks stores in the U.S. have been unionized, with workers pushing for better benefits, wages and welfare. The cost of ingredients and labor is also surging along with inflation, while China's zero-COVID strategy has slowed business in one of the chain's largest overseas market. (44 comments) U.S. Indices Dow -3.% to 31,318. S&P 500 -3.3% to 3,924. Nasdaq -4.2% to 11,631. Russell 2000 -4.8% to 1,808. CBOE Volatility Index -0.4% to 25.47. S&P 500 Sectors Consumer Staples -2.4%. Utilities -1.6%. Financials -2.5%. Telecom -2.4%. Healthcare -1.8%. Industrials -3.6%. Information Technology -5.%. Materials -5.%. Energy -3.3%. Consumer Discretionary -2.7%. World Indices London -2.% to 7,281. France -1.7% to 6,168. Germany +0.6% to 13,050. Japan -3.5% to 27,651. China -1.5% to 3,186. Hong Kong -3.6% to 19,452. India -0.1% to 58,803. Commodities and Bonds Crude Oil WTI -6.2% to $87.25/bbl. Gold -1.6% to $1,722.6/oz. Natural Gas -4.2% to 8.902. Ten-Year Bond Yield -0.2 bps to 3.195. Forex and Cryptos EUR/USD -0.06%. USD/JPY +1.96%. GBP/USD -1.99%. Bitcoin -0.5%. Litecoin +15.6%. Ethereum +4.9%. XRP -1.8%. Top S&P 500 Gainers DXC Technology (DXC) +13%. Cardinal Health (CAH) +5%. Bath & Body Works (BBWI) +4%. Ulta Beauty (ULTA) +3%. Dollar General (DG) +3%. Top S&P 500 Losers NVIDIA (NVDA) -16%. PVH (PVH) -15%. Seagate Technology Holdings (STX) -12%. Catalent (CTLT) -12%. Freeport-McMoRan (FCX) -12%. Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section. This article was written by Comments (6) Get it! Check out these other 19 EV's. 2. Probably anybody in the market needs to smoke some marijuana with everything getting whacked including bonds. Too bad cannabis companies cannot make money like regular drug dealers, maybe paying CEOs that don't know how to make money too much and or getting high on their own supply. 3. Apes should learn their lesson, don't buy doo doo just because other apes are buying doo doo. BBBY will gladly sell more and more stock to dumb apes so it has more cash to burn and stay afloat in the bathtub, management will always get paid no matter what. We recognize that politics often intersects with the financial news of the day, so we invite you to click here - seekingalpha.com/... - to join the separate political discussion.
NVDA
https://finnhub.io/api/news?id=4d634e6d87dffb2c01101cd5fef21003334eb13c9b5dad835fab2fcc83f01420
Cryptocurrency News & Price Wrap-Up For Sept. 2, 2022
It's been a busy week, from Ethereum and Bitcoin price action to Crypto.com backing out of its $495 million UEFA Champions League sponsorship, Snap (SNAP) scrapping its web3 team and analysts' latest views on Coinbase (COIN). Scroll down to catch up on all things crypto with IBD's weekly cryptocurrency news wrap-up. Be sure to also check this week's coverage of...
2022-09-02T15:25:32
Yahoo
Cryptocurrency News & Price Wrap-Up For Sept. 2, 2022 It's been a busy week, from Ethereum and Bitcoin price action to Crypto.com backing out of its $495 million UEFA Champions League sponsorship, Snap (SNAP) scrapping its web3 team and analysts' latest views on Coinbase (COIN). Scroll down to catch up on all things crypto with IBD's weekly cryptocurrency news wrap-up. Be sure to also check this week's coverage of...
NVDA
https://finnhub.io/api/news?id=6effa1af8655a252ef6662b92e9153ad3be9a72f1ccf322928863cb4479d886c
S&P 500 Earnings Update: Slight Improvement But Market Action Trumps All
There was a slight sequential improvement in the forward 4-quarter estimate (FFQE) this week, but the 2023 and 2024 calendar year EPS for the S&P 500 continue to be revised lower.
2022-09-02T14:45:00
SeekingAlpha
S&P 500 Earnings Update: Slight Improvement But Market Action Trumps All Summary - There was a slight sequential improvement in the forward 4-quarter estimate (FFQE) this week, but the 2023 and 2024 calendar year EPS for the S&P 500 continue to be revised lower. - The data really doesn’t give investors confidence that S&P 500 earnings will cure the stock market’s ills, but it’s not yet a disaster. - The fact is the S&P 500 earnings data is more “coincident” than leading or lagging, at least looking through the aggregate earnings data. There was a slight sequential improvement in the forward 4-quarter estimate (FFQE) this week, but the 2023 and 2024 calendar year EPS for the S&P 500 continue to be revised lower. The data really doesn’t give investors confidence that S&P 500 earnings will cure the stock market’s ills, but it’s not yet a disaster. The fact is the S&P 500 earnings data is more “coincident” than leading or lagging, at least looking through the aggregate earnings data. S&P 500 data: - The forward 4-quarter estimate rose two cents this past week to $232.57 from last week’s $232.55 and if there is anything notable about this data point, it’s that it is the first sequential increase in the FFQE since the week of July 1. - The S&P 500 PE ratio ended the week at 16.9x. - The S&P 500 earnings yield jumped to 5.93% this week from last week’s 5.73%. Anything above 6% since gets interesting, and 7% was the S&P 500 earnings yield during Christmas week 2018. These calendar year and quarterly bottom-up S&P 500 EPS estimates indicate that 2022-2024 full-year EPS estimates peaked this Spring ’22. - 2024 peaked the first week of April at $276 and change and has declined to $263 today. - 2023 peaked numerous times from late April ’22 to May ’22 at $251 and change and has been revised lower from there to $243.61 today. - 2022 peaked between $229 and $230 in mid-June ’22 and has declined to its current print of $225.37. - The Q3 ’22 bottom-up quarterly estimate has been revised lower by 5% to $56.23 today, from its peak near $59 as of late July ’22. - The Q4 ’22 bottom-up quarterly estimate has been revised lower also by 5% from its peak near $61 per share to today’s $58.40. The data is right above for you to look at, and at least so far anyway this isn’t that extreme. However, one high profile earnings warning from an Apple (AAPL) or a Microsoft (MSFT) or any of the mega-cap 5 and it could get grim in a hurry. Technology is worrisome: The above table shows the “expected” full-year 2022 S&P EPS growth rates (YoY) by sector. Highlighted in dark border is the Tech sector’s expected growth rate for 2022 since April 1 ’22. Technology’s expected growth rate has been cut by 2/3rds since April 1 ’22, probably pretty consistent with the action in semiconductors, and Intel (INTC) in particular. Intel still has a pretty sizable market cap weighting in the S&P 500 (63rd if I counted right) but Nvidia (NVDA) is 11th even after their miss, with a 1.13% weight. Bespoke has long written that watch semis for a tell for technology and often for the market in general, and the news of late isn’t good. The nice thing is – in terms of the Tech sector – was that their troubles started in Q4 ’21 with the ad spending slowdown. Q2 ’22 was a very tough quarter for comps for technology as a whole, but tech comps get easier as we get into year-end. Summary/conclusion: Given the stock market action today, Friday, September 2nd, 2022, there is little reason to do anything in the stock market until we get some kind of technical improvement in the action. The August ’22 jobs report was almost picture-perfect today with unemployment rising to 3.7%, the average hourly earnings coming in better-than-expected, the actual “new new jobs added” to the US economy was almost exactly inline with what was expected – around 300,000 – and we even saw a big negative revision to June’s numbers, which made the aggregate number look even lighter. The stock market is clearly saying “we will wait to hear from Jay Powell” before we get too excited about expecting higher future stock market returns. The CPI and PPI don’t come out until a week from next Monday, September 5th, 2002, and Tuesday, so there will be another 5 days to wait before the data confirms the numbers are actually “disinflating”. The market signals are indicating inflation is declining rapidly. Here’s what’s worrisome: The stock and bond market action from January to May ’22 was all about higher inflation and waiting for it to break, since May-June and the mid-June ’22 lows, as market-based inflation data has fallen sharply, the Fed seems to have ever-so-slightly shifted its focus to labor and wages, and now today – albeit the average hourly earnings is just one data point – but if the labor and wage data softens and stocks still do not get a footing, the only conclusion is that the US economy is headed for a weaker recession than the pundits expect. That’s my own calculus, so take it all with a hefty wheelbarrow of salt. Jay Powell changed his mind quickly in the last two weeks of 2018, and the stock market sniffed it out and rallied sharply after Christmas and all through 2019. But again, there wasn’t the inflation issue there is today. There isn’t really one company that will report earnings next week that is of interest, but the next week, September 12th to 16th, investors will hear from both Oracle (ORCL) and Adobe (ADBE), two software companies and software hasn’t fared too well since 2021 ended. Long weekends like memorial and Labor Day usually make for good writing. More to come (hopefully) over the weekend. Remember all of this is one opinion, it can change quickly, it can be very wrong, so take it as such. Past performance is no guarantee of future results. Thanks for reading. Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors. This article was written by Comments (15) "Russia stopped delivering gas through the Nord Stream 1 pipeline (NS1) that supplies much of western Europe on Wednesday, claiming a two-day shutoff was necessary for maintenance work. On Friday, just hours before it was due to reopen, Russia's state-owned company Gazprom said repairs now require it to "suspend further operation." This would seem not to bode well for Europe and their energy needs over the months ahead, unless the Russians are just using this as leverage to get something else. But either way, this kind of action has got to ripple across the Atlantic to hit us, right?Suggest this topic for you for a future article.
NVDA
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This week's top movers: Bed Bath & Beyond, Lululemon, Nvidia, Snap
Yahoo Finance's Seana Smith discusses volatile stocks over the past week.
2022-09-02T13:52:11
Yahoo
This week's top movers: Bed Bath & Beyond, Lululemon, Nvidia, Snap Yahoo Finance's Seana Smith discusses volatile stocks over the past week. Video Transcript SEANA SMITH: We are wrapping up a very busy week on Wall Street. Let's take a look at some of those individual movers that made some of the biggest moves. We got to start with Bed Bath Beyond first, because it was a huge move to the downside. You can see this chart dropping right around Wednesday. Now this company-- the stock sold off after the company revealed its strategic update, including new financing plans, plans to close 150 stores, reducing the workforce by 20%. Also, the chief operating officer, chief stores officer roles, were cut here from the company. The stock tanked 21% on Wednesday alone. That's the day that we got those details. Taking a look at a five-day chart here for the stock, the company ending the week in the red, off just around 19%. So stemming some of those earlier losses. All right, next up is the Lululemon. Now shares jumped nearly 7% today, solid results from the retail company fueling today's gains. Two big numbers that stood out to us, same store sales growing 23% during the quarter, net sales of 1.87 billion, inventories though rising 85% to 1 and 1/2 a billion. Although, it looks like the street is able to brush that off for the week. Let's take a look at what that means for Lululemon. Again, today, the stock closing up just around 7% for the week, barely in positive territory, up nearly 1%. Next up, let's talk about NVIDIA. Certainly a very tough week for NVIDIA. Shares selling off after the US government ordered the chip giant to halt sales of some of its chips to China. It is a critical market for the company, and that band could cost NVIDIA as much as $400 million in potential sales during the current quarter. During that sell off here, the stock hitting a 52-week low earlier this week. One of the worst performers in the S&P for the week, again, as we close out the week closing at 136.47, so just off the lows that we hit yesterday. All right, let's around it out. Here was Snap bringing its losses here. Actually, the stock popped though initially after it announced plans to lay off 20% of its workforce. Now, the company also saying that this restructuring helps it really focus on three priorities, community growth, revenue growth, and augmented reality. The stock popping yesterday over the last five days, closing up just around 5 and 1/2 today, off nearly 3 and 1/2, so giving back some of yesterday's gains.
NVDA
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Bull of the Day: Taiwan Semiconductor (TSM)
Premier sub-10 nanometer "fab" for Apple and NVIDIA chips is growing sales 37% and EPS 53%
2022-09-02T13:40:08
Yahoo
Bull of the Day: Taiwan Semiconductor (TSM) Taiwan Semiconductor TSM is a central player in the manufacture of chips for companies like Apple, NVIDIA, and Marvell. My colleague Derek Lewis profiled TSM last month and highlighted the company's stunning doubling of revenue in less than 3 years. This year's topline will ramp a projected 37% to nearly $78 billion, while profits are expected to top $6.30 for 53% growth. In 2021, Apple AAPL was the largest customer of the Taiwanese semiconductor foundry, aka TSMC, contributing a quarter of the company's revenues. Why TSM Services Are In High Demand TSM is known as a "fab" or "foundry" for chip making. They take the designs of major semiconductor companies and execute their precise -- and top-secret proprietary -- manufacturing parameters. And this precision and protected privacy has accelerated to new levels in the past few years. Or maybe I should say it has "shrunk" to new levels. Because Moore's Law about chips doubling in power as they shrink in half every 18 months or so has been reaccelerated after leveling off in the past decade. This means that chips have entered what I call The Nanosphere. A nanometer is one-billionth of a meter. And chip micro-circuitry has gone under 10 nanometers in the past few years. That's why smartphones can do more even as they shrink. And why NVIDIA NVDA can cram 50 billion transistors into the space of a shoebox for their advanced GPU (graphics processiing unit) cards that stack together for artificial intelligence engines in the DGX system. This year, Taiwan Semi is helping major chip designers go to 5 nanometers (nm) and even 3nms! To illustrate the microscopic scale of going sub-10nm, imagine how big the coronavirus might be. Fact: the coronavirus is around 50 nanometers! And TSM is the premier foundry for going sub-10nm. Their only real competition is Samsung. What if NVDA Stumbles? Since NVIDIA might be TSM's third or second biggest customer, investors might be concerned about this recent news... NVDA shares plunged 6.6% in Wednesday’s extended trading session after it revealed that the U.S. government told it to stop exporting top artificial intelligence (AI) chips to China and Russia. In a filing with the Securities and Exchange Commission, NVIDIA disclosed that the U.S. government informed it on Aug 26 about imposing a new licensing requirement, effective immediately, for its A100, A100X and forthcoming H100 integrated circuit sales in China and Russia. The government has also banned NVIDIA from exporting DGX or any other systems that incorporate A100 or H100 integrated circuits. The new licensing requirements will also be implied on any future chip designs developed by NVIDIA that have a threshold greater than or equivalent to A100. Additionally, any systems developed in the future incorporating the aforementioned types and thresholds will also fall under export restrictions. With the new licensing requirements, the U.S. government intends to "address the risk that the covered products may be used in, or diverted to, a 'military end use' or 'military end user' in China and Russia," per NVDA in the SEC filing. Export Restrictions to Hurt NVIDIA Sales NVIDIA's A100 and H100 are its highest-performance chips used in data centers for AI, data analytics and computing applications. Though the company does not sell products to customers in Russia, the new licensing requirements are going to significantly hurt its data center chip sales in China. The newly imposed restrictions are likely to impact the company’s ability to support the existing customers of A100 as well as complete the development of H100 timely. This could also require NVIDIA to transition some of its operations outside China. The restrictions are expected to hamper NVIDIA’s business in China from where the company is expecting to generate $400 million in revenues from the sale of the aforementioned chips in the third quarter of fiscal 2023. The company warned that it may lose revenues if Chinese firms decide not to buy alternative NVIDIA products. The latest restriction is a new blow to NVIDIA, which is already being hurt by the weakening demand for its chips used in gaming products. Last week, the company reported revenues of $6.7 billion for the second quarter of fiscal 2023, way lower than its May 2022 forecast of $8.10 billion (+/-2%), due to weaker sales across its Gaming and Data Center business segments. NVIDIA's Gaming segment revenues plunged 33% year over year due to a lower sell-in of Gaming products, reflecting reduced channel partner sales due to macroeconomic headwinds. Although Data Center revenues jumped 61% year over year, the company stated that sales were below expectations due to ongoing supply-chain disruptions and lower sales to China’s hyperscale customers, who are affected by economic conditions. Considering the current business environment, the company issued dim revenue guidance for the third quarter, wherein it expects to generate $5.9 billion (+/- 2%) in sales, approximately 17% lower than the year-ago quarter’s revenues. Looking at the latest U.S. government’s restriction on chip sales to China, the company is highly probable to report third-quarter revenues way lower than its August 2022 guidance. Bottom line on TSM: Despite NVDA's downfall, with the SOX index down 35% since its highs and TSM down 43%, it seems the best value in chips right now trading near 13X EPS. Buy some TSM. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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New Export Restrictions Threaten 7% Of Nvidia's Sales
Nvidia stock and AMD stock fell on Thursday after the U.S. government imposed new export restrictions on chips to China and Russia.
2022-09-01T13:05:35
Yahoo
New Export Restrictions Threaten 7% Of Nvidia's Sales Nvidia stock and AMD stock fell on Thursday after the U.S. government imposed new export restrictions on chips to China and Russia. Nvidia stock and AMD stock fell on Thursday after the U.S. government imposed new export restrictions on chips to China and Russia. Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment." Warren Buffett is undeniably the most famous and influential investor in modern history, based on his extraordinary performance record. Not surprisingly, the investment portfolio of Berkshire Hathaway Inc. (BRK.A), the holding company employing the Oracle of Omaha as chairman and CEO, receives wide media attention and scrutiny, even though Buffett is no longer making every investment decision. Despite his unparalleled success, Buffett's investment model has long been transparent, straightforward, and consistent. Stocks have blown past expectations for 2023 – but some analysts are bracing for a sell-off as the market approaches record highs. The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog. Berkshire Hathaway historically reports its quarterly financial results on weekends, and CEO Warren Buffet has a simple reason why. Berkshire (ticker: BRK.A, BRK.B) reported second-quarter earnings Saturday morning. Many other public companies, however, release their earnings results during the trading week, either before the market opens or after the closing bell. The market rally is at an infection point after notable losses. Here's what to do. Warren Buffett's Berkshire earnings rose. Is there a point at which I should stop reinvesting stock dividends and invest the money or save the cash? -Anonymous Many financial experts recommend that you reinvest dividends most of the time – and I'm inclined to agree. The … Continue reading → The post Ask an Advisor: Should I Stop Reinvesting Dividends? appeared first on SmartAsset Blog. There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and … Continue reading → The post Here's How Much to Keep in Stocks, Bonds and Cash in Retirement appeared first on SmartAsset Blog. The week ahead will feature a crucial inflation report and earnings out of Disney, UPS, and Alibaba as second quarter earnings season winds down. (Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia. One in 6 asset and wealth management companies will be bought or shut down in the next five years, according to a PwC survey of asset managers and institutional investors. Warren Buffett's Berkshire Hathaway operating profit rose by 10%. BRKB stock is just out of buy range. Travel scams are on the rise. Don't be a victim. VZ stock provides a dividend but a buyback has been shelved amid 5G wireless investments. When will revenue growth reaccelerate? Will generative artificial intelligence boost Palantir stock in the commercial market amid slowing revenue growth for the company? Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals … Continue reading → The post Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them appeared first on SmartAsset Blog. Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.
NVDA
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A Balanced Case For Nvidia: A Bullish Analyst Grows 'More Concerned' For The Chipmaker's Prospects
Nvidia Corp (NASDAQ: NVDA) elaborated on U.S.'s new license requirement for exports into China and Russia, acknowledged Needham analyst Rajvindra S. Gill. Future A100 (and eventual H100) exports are subject to license requirements. The company included $400 million in potential data center sales (mainly A100 related) in their 3Q23 guide subject to the new requirements. In Gill's view, the hardened government stance presents a significant headwind to the business. Gill lowered his Data Center rel
2022-09-02T10:41:55
Yahoo
A Balanced Case For Nvidia: A Bullish Analyst Grows 'More Concerned' For The Chipmaker's Prospects Nvidia Corp (NASDAQ: NVDA) elaborated on U.S.'s new license requirement for exports into China and Russia, acknowledged Needham analyst Rajvindra S. Gill. Future A100 (and eventual H100) exports are subject to license requirements. The company included $400 million in potential data center sales (mainly A100 related) in their 3Q23 guide subject to the new requirements. In Gill's view, the hardened government stance presents a significant headwind to the business. Gill lowered his Data Center related estimates to account for this risk. He reiterated a Buy on Nvidia. His price target moves from $185 to $170 on his reduced FY24 (CY23) non-GAAP EPS estimate of $4.61 (down from $5.00). The analyst's Buy rating factored in attractive valuation, superior balance sheet, and artificial intelligence capability will be crucial during the COVID-19 outbreak, especially regarding medical research and genomics. Datacenter build-outs are robust as the cloud accelerates throughout the world. Gill said the data center, the end-market that he views as NVDA's most significant growth engine, is experiencing a recovery as hyper-scale sales have ramped the past few quarters, and visibility has improved. He expects the competitive dynamics in the data center market will exert pressure on the company's long-term positioning. However, several industries will transition to AI-based systems faster. Moreover, Gaming sales are expected to rebound post-COVID-19, especially as the number of games with ray-tracing capabilities ramps. Price Action: NVDA shares traded lower by 1.66% at $137.12 on the last check Friday. Photo via Wikimedia Commons Latest Ratings for NVDA Date Firm Action From To Mar 2022 Goldman Sachs Reinstates Neutral Feb 2022 Summit Insights Group Downgrades Buy Hold Feb 2022 Mizuho Maintains Buy View More Analyst Ratings for NVDA View the Latest Analyst Ratings See more from Benzinga US Offers Relaxations To Nvidia For AI Chip Development In China Cloud Customer Behavior And Asian 'Economic Trends' Prompts Analyst 'Concern' About Memory Stocks Tesla Motors (TSLA) – If You Invested $100 When Elon Musk First Tweeted About Dogecoin, Here's How Much Y Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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NVIDIA Corp. stock falls Friday, underperforms market
Shares of NVIDIA Corp. shed 2.08% to $136.47 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index...
2022-09-02T10:12:00
MarketWatch
Shares of NVIDIA Corp. NVDA, +0.37% shed 2.08% to $136.47 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.53% falling 1.07% to 3,924.26 and Dow Jones Industrial Average DJIA, -0.43% falling 1.07% to 31,318.44. This was the stock's sixth consecutive day of losses. NVIDIA Corp. closed $210.00 short of its 52-week high ($346.47), which the company achieved on November 22nd. The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. MSFT, +0.34% fell 1.67% to $256.06, Intel Corp. INTC, +1.14% fell 1.70% to $31.22, and Texas Instruments Inc. TXN, -1.96% fell 1.90% to $163.00. Trading volume (74.2 M) eclipsed its 50-day average volume of 53.6 M. Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
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Stock Market Skids, But Bounces Off Lows; Nvidia, Pinduoduo, BYD, Jobs In Focus: Weekly Review
The stock market suffered significant weekly losses again, but bounced off lows, helped by Friday's jobs report. Nvidia, BYD were big losers as Pinduoduo soared.
2022-09-02T09:54:34
Yahoo
Investopedia Warren Buffett is undeniably the most famous and influential investor in modern history, based on his extraordinary performance record. Not surprisingly, the investment portfolio of Berkshire Hathaway Inc. (BRK.A), the holding company employing the Oracle of Omaha as chairman and CEO, receives wide media attention and scrutiny, even though Buffett is no longer making every investment decision. Despite his unparalleled success, Buffett's investment model has long been transparent, straightforward, and consistent.
NVDA
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The Outlook for Tech Stocks Darkens. There’s Rising Pressure on Profits.
Growing evidence of slumping demand for both software and hardware points to tougher times ahead. Says one CEO: “Our customers are in planning meetings,...
2022-09-02T09:33:00
MarketWatch
In early summer, I wrote a Tech Trader column previewing the June quarter earnings season, and advised investors to “brace for trouble.” Well, trouble finally has arrived. In bulk. Admittedly, I was early. The Nasdaq Composite rallied 13% from the publication of that July 11 column through the market peak in mid-August. In that period, stocks benefited from softening interest rates and a widespread view that slashed September-quarter earnings estimates had positioned technology stocks for better performance. But the summer rally is now just a memory, the gains have evaporated, and there are reasons to expect lower lows. I stand by my warning. And the situation has grown grimmer. The most obvious change came with Federal Reserve Board Chairman Jerome Powell’s late July speech at the annual Fed economic conference in Jackson Hole. Heading into that eight-minute talk, the market had rallied on the misguided view that he would signal a softened stance on raising rates to fight inflation, given a recent reversal of fuel prices, rising retail inventories, and other signs of an improving picture on prices. But instead, he staked out a hawkish stance, declaring himself a determined inflation fighter, and warning that households and companies alike should brace for pain. Over the next few trading days tech stock prices declined, and interest rates ratcheted skyward, with the closely watched 10-year Treasury yield ratcheting up a quarter-point to 3.25%, the highest level since the market bottom in June. Increasing interest rates spell trouble for stocks generally, and tech shares in particular. But that’s far from the only issue. I’m more concerned with the growing chorus of enterprise tech CEOs and CFOs warning about the outlook, slashing estimates and generally acknowledging that they aren’t going to escape the recession unscathed. OK, so maybe we’re not officially in a recession—declaring recessions is for some reason the job of the National Bureau of Economic Research, a private group of economists. But they’re being too slow. Just ask C3.ai (ticker: AI) CEO Tom Siebel. A Silicon Valley legend best known for building Siebel Systems, once the leading player in customer-relationship management software, Siebel now runs a company focused on artificial intelligence software. This past week, C3.ai reported soft earnings for its July quarter, and provided guidance for the October quarter that came in well short of Street estimates. The day after, the stock fell 19%. Blame the economy. “No question, we’re in a recession,” Siebel declares in an interview with Barron’s. “Our customers are in planning meetings, trying to figure out how they’ll operate in a recession. Did we see a slowdown in our business? Absolutely. And it accelerated in July.” Siebel’s observation isn’t an outlier. Over the past few weeks, there have been a flurry of earnings reports from tech companies like C3.ai that have quarters ending in July, rather than June. And it appears the July quarter was worse than the June quarter. The trend is not your friend. Trouble is cropping up across the software sector. Okta (OKTA), which makes identity-management software, last week noted that it was “starting to notice some tightening of IT budgets and lengthening sales cycles relative to last quarter.” Veeva Systems (VEEV), which makes cloud-based software for life sciences companies, cut guidance, citing changes in the macroeconomic environment. Samsara (IOT), an internet-of-things play that sells software for tracking transportation fleets, posted strong earnings, but nevertheless reported “elongated sales cycles,” with higher levels of required deal approval to close transactions. There are similar problems in hardware. It’s no secret that PC demand is sagging. In recent weeks Micron Technology (MU), Western Digital (WDC), Intel (INTC) and Nvidia (NVDA) have warned about softening PC demand. Right on cue, Dell (DELL) reported punk results two weeks ago, and there was vivid confirmation of the trend this past week from HP Inc. (HPQ). In its July quarter, HP’s PC unit sales fell 25%, year over year, with a whopping 32% drop in notebook purchases. Why? HP CEO Enrique Lores says that commercial customers took a “more cautious, more measured approach.” Alas, it isn’t just PCs. Dell CFO Tom Sweet a week earlier told Barron’s that his company is seeing buyers getting more cautious on enterprise hardware, in particular data-center servers and cloud-computing gear. This past week, disk-drive maker Seagate Technology (STX) said that since mid-July it has been seeing “weaker economic trends in certain Asian regions,” and “more cautious buying” by large companies, including “certain U.S. cloud customers.” That’s alarming. Cloud computing has been one of the strongest parts of the tech sector, and just two weeks ago Snowflake (SNOW) surprised the Street with better-than-expected Julyquarter results. That followed strong growth in the June quarter from all three of the leading cloud players: Amazon Web Services, Microsoft Azure, and Google Cloud. The warning signs are growing. MongoDB (MDB), a cloud-based database software provider, sees demand from some customers falling, as their own businesses slow. That indicates that AWS, Azure, and Google Cloud could post disappointing results for the September quarter or soon after. And the market wouldn’t like that. So, we’re in a new phase of the valuation reset that started in November 2021. In the first phase, rising rates triggered lower valuation multiples. In this second leg, the issue will be crumbling earnings. Look out below. Write to Eric J. Savitz at [email protected]
NVDA
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Nvidia: U.S. government to allow chip ‘development’ despite export ban, analyst says
KeyBanc Capital Markets Equity Research Analyst John Vinh joins Yahoo Finance Live to discuss Broadcom earnings, chip stocks, supply chain issues, U.S. government banning the export of chips to China, and the outlook for the space.
2022-09-02T09:08:26
Yahoo
Nvidia: U.S. government to allow chip ‘development’ despite export ban, analyst says KeyBanc Capital Markets Equity Research Analyst John Vinh joins Yahoo Finance Live to discuss Broadcom earnings, chip stocks, supply chain issues, U.S. government banning the export of chips to China, and the outlook for the space. Video Transcript AKIKO FUJITA: Well, same with tech. Broadcom shares firmly higher after the chipmaker said it sees revenue this quarter coming in ahead of expectations at $8.9 billion. The forecast will help dispel fears that business internet spending is set for a sharp slowdown. Third quarter EPS also beating the street, with CEO Hock Tan citing solid demand across enterprise and cloud. For more on this, let's bring in John Vinh. He is KeyBanc Capital Markets equity research analyst. John, good to talk to you today. A solid pop on the stock here, up more than 4%. What stood out to you in the numbers? JOHN VINH: Yeah, thanks for having me. I think they put up really solid results. They had strong numbers across the board, across all of their segments, Enterprise Cloud, and broadband access. You know, I think in the near-term, they're seeing great near-term demand. They've got great visibility with their lead time standing at 50 weeks. But the one thing I would say is that they are starting to acknowledge that their visibility going into the second part of 2023 is starting to get a little bit more murky at this point. BRIAN CHEUNG: Hey, John, Brian Cheung here. I mean, the broad story for the chip space is that it's really all about their ability to enforce-- or increase the supply to meet the massive demand. So when you see the guidance coming out from Broadcom, I mean, what does that tell you about whether or not they're seeing any sort of alleviation in the supply chain pressures, or is that still continuing this deep into 2022? JOHN VINH: Yeah, I think they're clearly starting to make some progress in terms of increasing their supply. Their lead times have not really eased, but I think you will start to see their lead times ease over the next couple of quarters, which is typically an indication that supply is starting to get better. But I think the broader issue that you're seeing with the supply chain is that there's kitting issues and mismatches and lead times. And potentially, we'll likely get to supply-demand balance probably sometime next year. AKIKO FUJITA: John, we got a big selloff in Nvidia yesterday on the back of those reports that they had been advised by the Commerce Department to essentially limit selling specific AI chips to China. Investors trying to parse through what the implications are not just for NVIDIA, but other semiconductors as well, including AMD. What's your read? JOHN VINH: Yes, I think the impact right now is primarily isolated to Nvidia. They make GPU chips that are widely used by the industry for machine learning and AI training. The implications here is the US wants to limit China's ability to develop kind of military applications with it. There are some broader implications, I would say, generally all pretty negative. I would say, one, this is only going to push China to more regionalize their vertical semiconductor supply chain, which is going to be inefficient for the broader industry. It's also going to limit demand for some of the other chipmakers that supply into that data center server supply chain. In terms of impacting AMD, I think it's actually pretty minimal. For AMD, their GPU data center is roughly about 1% of revenues. They're not widely-- as widely adopted as NVIDIA for machine learning and AI at this point in time. But the impact right now is really focused around NVIDIA. BRIAN CHEUNG: John, as a follow-up to that, there was another 8-K that Nvidia filed yesterday, where they said that the government has actually authorized exports, re-exports, and in-country transfers needed to continue development of the H100 circuits that they're making. It hadn't seen a massive reversal in the stock selloff that we saw yesterday. Just wondering how you're reading that clarification there. What does that tell you about whether or not we'll see the full impact of that $400 million they were warning about as an impact to their potential sales to China the day before that? JOHN VINH: Yeah, that additionally doesn't really impact the overall restrictions that are placed by this licensing agreement. All that is indicating is that the US government is going to allow them to continue development of this next generation H100 chip that is coming out at the end of the year. It still is not going to allow them to export those chips to Chinese entities at this point in time. AKIKO FUJITA: Finally, John, there's a lot of noise in this space. On the one hand, we've got the earnings reports that seem to point to some companies being better positioned. We've seen, heard the reports of those slowdowns, especially in PC sales. And then you've got all the geopolitical headwinds that continue to surround the sector. When you look at all of that, who do you think is best positioned? Where do you think investors should be putting their money right now? JOHN VINH: We like companies that have de-risked their guidance. I think the wall of worry right now is that a lot of these companies are not seeing some of these headwinds. And that's potentially going to be the next shoe to drop. We like Nvidia here. Obviously, there's a little bit of uncertainty in terms of what's going on with the China restrictions right now, but they really have de-risked their forward estimates related to kind of the consumer gaming risk. We also like onsemi, who is extremely well positioned with kind of the EV, electrical vehicle, trends. They've really starting to ramp up their silicon carbide revenue pipeline, which is expected to exceed a billion dollars next year. And I also like Qualcomm, even though they're tied to the consumer right now. They've taken down their risk on smartphones and handsets in the second half of the year. And next year, we're expecting outsize share gains at customers such as Samsung. BRIAN CHEUNG: All right, John Vinh, KeyBanc Capital Markets equity research analyst, thanks so much. Really appreciate the time.
NVDA
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Should Semiconductor Investors Be Worried About This Risk?
Today's video focuses on Nvidia (NASDAQ: NVDA), ASML Holding (NASDAQ: ASML), Cadence Design Systems (NASDAQ: CDNS), and how they have all been affected one way or another by various government regulations.
2022-09-02T07:30:00
Yahoo
Investopedia Warren Buffett is undeniably the most famous and influential investor in modern history, based on his extraordinary performance record. Not surprisingly, the investment portfolio of Berkshire Hathaway Inc. (BRK.A), the holding company employing the Oracle of Omaha as chairman and CEO, receives wide media attention and scrutiny, even though Buffett is no longer making every investment decision. Despite his unparalleled success, Buffett's investment model has long been transparent, straightforward, and consistent.
NVDA
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Nvidia stock downgraded to Neutral by Daiwa Capital Markets
Yahoo Finance Live anchors discuss Daiwa Capital Markets downgrading Nvidia stock to Neutral and how the stock has fared this year.
2022-09-02T07:29:14
Yahoo
Nvidia stock downgraded to Neutral by Daiwa Capital Markets Yahoo Finance Live anchors discuss Daiwa Capital Markets downgrading Nvidia stock to Neutral and how the stock has fared this year. Video Transcript BRAD SMITH: Switching gears here, Nvidia hit with a downgrade from Daiwa Capital Markets, rating shares of the chip maker from outperform to neutral. Now, analyst Louis Massiara or Louis Masiocha says that citing recent government restrictions and weakening economy is setting up NVIDIA for plenty of future headwinds here. I was looking through some of what they were looking at with the valuation specifically. They said a price to earnings ratio of 42 times their fiscal year 2023 earnings is just too high. They're actually using their new fiscal year 2025 or calendar year 2024 earnings per share estimate of $5.10 and a 26 times price to earnings ratio to set a new target price of $133 here for the stock. BRIAN SOZZI: That is a material cut-- [CLEARS THROAT] excuse me-- in terms of valuation for NVIDIA. And the stock, I've seen it trade 60 to 70 times forward earnings. But it is warranted. Look what we have heard from NVIDIA over the past month. Remember, we were sitting here when they came out, and they warned. And then they came out reported earnings last week. And it was a dismal quarter, dismal outlook. But despite all that, they have a lot of strong supporters on Wall Street. Most analysts on the Street rate this stock a buy because they are leading in so many areas in the chip market. And look, it's going to be a company like this that gets re-embraced by the market when the market gets a little more comfortable with what the Fed is going to do moving forward. BRAD SMITH: Yeah, absolutely. We've been continuing to keep an eye on shares of NVIDIA. As I mentioned, volume for this one was one of the only ones in the mega-cap tech stocks that was actually up during the month of August. And why? Because it was so dismal. There were so many warnings that were taking place, the warning and then the actual earnings that dropped as well. BRIAN SOZZI: Bad news equals page views. That's what I was taught.
NVDA
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Why Nvidia Stock Is Plunging This Week
A new licensing requirement from the U.S. government could impact Nvidia's revenue by up to $400 million in the current quarter.
2022-09-02T06:50:32
Yahoo
Why Nvidia Stock Is Plunging This Week A new licensing requirement from the U.S. government could impact Nvidia's revenue by up to $400 million in the current quarter. A new licensing requirement from the U.S. government could impact Nvidia's revenue by up to $400 million in the current quarter. Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment." Warren Buffett is undeniably the most famous and influential investor in modern history, based on his extraordinary performance record. Not surprisingly, the investment portfolio of Berkshire Hathaway Inc. (BRK.A), the holding company employing the Oracle of Omaha as chairman and CEO, receives wide media attention and scrutiny, even though Buffett is no longer making every investment decision. Despite his unparalleled success, Buffett's investment model has long been transparent, straightforward, and consistent. Stocks have blown past expectations for 2023 – but some analysts are bracing for a sell-off as the market approaches record highs. The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog. Berkshire Hathaway historically reports its quarterly financial results on weekends, and CEO Warren Buffet has a simple reason why. Berkshire (ticker: BRK.A, BRK.B) reported second-quarter earnings Saturday morning. Many other public companies, however, release their earnings results during the trading week, either before the market opens or after the closing bell. The market rally is at an infection point after notable losses. Here's what to do. Warren Buffett's Berkshire earnings rose. Is there a point at which I should stop reinvesting stock dividends and invest the money or save the cash? -Anonymous Many financial experts recommend that you reinvest dividends most of the time – and I'm inclined to agree. The … Continue reading → The post Ask an Advisor: Should I Stop Reinvesting Dividends? appeared first on SmartAsset Blog. There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and … Continue reading → The post Here's How Much to Keep in Stocks, Bonds and Cash in Retirement appeared first on SmartAsset Blog. The week ahead will feature a crucial inflation report and earnings out of Disney, UPS, and Alibaba as second quarter earnings season winds down. (Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia. One in 6 asset and wealth management companies will be bought or shut down in the next five years, according to a PwC survey of asset managers and institutional investors. Warren Buffett's Berkshire Hathaway operating profit rose by 10%. BRKB stock is just out of buy range. Travel scams are on the rise. Don't be a victim. VZ stock provides a dividend but a buyback has been shelved amid 5G wireless investments. When will revenue growth reaccelerate? Will generative artificial intelligence boost Palantir stock in the commercial market amid slowing revenue growth for the company? Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals … Continue reading → The post Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them appeared first on SmartAsset Blog. Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.
NVDA
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2 High-Conviction Growth Stocks That Billionaires Are Buying Hand Over Fist
The Nasdaq Composite entered a bear market in mid-March, and the losses accelerated in the second quarter as investors reacted to worsening inflation. In the second quarter, Overdeck increased his stake in Nvidia (NASDAQ: NVDA) more than fivefold, making it his sixth-largest position. Here's why investors can buy both growth stocks with confidence today.
2022-09-02T05:58:00
Yahoo
2 High-Conviction Growth Stocks That Billionaires Are Buying Hand Over Fist The Nasdaq Composite entered a bear market in mid-March, and the losses accelerated in the second quarter as investors reacted to worsening inflation. In the second quarter, Overdeck increased his stake in Nvidia (NASDAQ: NVDA) more than fivefold, making it his sixth-largest position. Here's why investors can buy both growth stocks with confidence today.
NVDA
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Weekend reads: Investors get a wakeup call
Also, a guide to the Fed's eventual policy pivot, the housing slowdown and good advice for air travelers.
2022-09-02T05:55:00
MarketWatch
U.S. investors have soured on stocks again. The S&P 500 Index had fallen 23% through June 17 this year and then had reversed course to rise 17% through Aug. 16. Since then, the benchmark has fallen 8% as investors worry about rising interest rates and a possible recession down the line. Jeremy Grantham, co-founder of GMO of Boston, warned that the stock market was still in a “superbubble” and that the recent rally had lulled investors into a false sense of security. Meanwhile, Steve Hanke, a professor of applied economics at Johns Hopkins University, predicted a “whopper” of a recession in 2023, even with inflation remaining high. Another warning: This corner of the credit market could be first to implode as interest rates rise Prepare for the Fed’s pivot — eventually Markets always look ahead. We are at an early point in the Federal Reserve’s cycle of increasing interest rates to reduce price inflation. But eventually the tide will turn, the pace of interest rates will slow before they eventually decline again and help feed a rise in asset prices. Based on his analysis of the stock market during several previous interest-rate cycles, Mark Hulbert concludes that “there are hefty gains to be had if you get it even partially right.” Here’s Hulbert’s approach to taking best advantage of the Fed’s eventual policy reversal. The housing slowdown — good news and bad The doubling of mortgage rates has driven some potential home buyers out of the market. Then again, houses are staying on the market longer now, and prices are beginning to fall. There is softening of demand, making it easier to shop for a new home. More housing coverage from Aarthi Swaminathan: - I hate living in New York City — I have a $450,000 condo unit. Should I sell it now — or should I rent it out and move to New Jersey? - This tiny $3 component is holding up the construction of new homes How to avoid air-travel delays Charles Passy interviews Samantha Brown, who provides advice on how to avoid air-travel delays and steps you can take to be rebooked quickly if your flight is canceled. Stock picks for these trying times No matter what is going on in the world of finance day-to-day, stocks have proven to be excellent compounders of value over long periods. During a period of high inflation and rising interest rates, an emphasis on financial strength and competitive staying power might work best. Michael Brush interviews Justin White, who manages the T. Rowe Price All-Cap Opportunities Fund and shares his approach for picking quality stocks. More approaches to stock screening and selection: - How to look back, and ahead, for a screen of quality stocks - 20 dividend stocks with high yields that are expected to raise payouts the most through 2024 - These 2 dividend-stock funds use different strategies that work well in tough market times Is it too late for me to invest for retirement? Alessandra Malito writes the Help Me Retire column. This week she helps a 62-year-old man who has saved up some money but worries that it may be too late for him to invest and build up a retirement nest egg. More: Two simple tasks to do right now if you’re in your 50s and planning for retirement The importance of having a will at any age Morey Stettner explains why you aren’t too young to have a will, and what to do if your estate plan gets complicated. The down cycle for chip makers This has been a difficult year for semiconductor stocks, as you can see on the two-year chart above, which shows total returns for Nvidia Corp. NVDA, Nvidia hit a new 52-week low on Thursday. Chip makers have always been cyclical. Citigroup analyst Christopher Danley warned this week that semiconductor stocks could drop another 25%. But Broadcom Inc. CEO Hock Tan defended his company’s rosy outlook after analysts pushed back. The overlooked risks of self-driving technology There are all sorts of driver-assistance features in modern cars, although the names for these features, such as Tesla’s TSLA, More coverage — electric vehicles: - What will EV charging look like in the future? - As new DeLorean EV concept emerges, it gets a little weird - What California’s ban on gas cars could mean for you—even if you don’t live there - Honda, LG Energy announce $4.4 billion plan to build EV battery factory in U.S. Hear from Ray Dalio at MarketWatch’s Best New Ideas in Money Festival on Sept. 21 and Sept. 22 in New York. The hedge-fund pioneer has strong views on where the economy is headed. Want more from MarketWatch? Sign up for this and other newsletters, and get the latest news, personal finance and investing advice.
NVDA
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Taiwan Semiconductor and Cars.com have been highlighted as Zacks Bull and Bear of the Day
Taiwan Semiconductor and Cars.com are part of Zacks Bull and Bear of the Day article.
2022-09-02T05:38:12
Yahoo
Taiwan Semiconductor and Cars.com have been highlighted as Zacks Bull and Bear of the Day For Immediate Release Chicago, IL – September 2, 2022 – Zacks Equity Research shares Taiwan Semiconductor TSM as the Bull of the Day and Cars.com CARS asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on BCB Bancorp BCBP, Sonoco SON and Otter Tail OTTR. Here is a synopsis of all five stocks: Bull of the Day: Taiwan Semiconductor is a central player in the manufacture of chips for companies like Apple, NVIDIA, and Marvell. My colleague Derek Lewis profiled TSM last month and highlighted the company's stunning doubling of revenue in less than 3 years. This year's topline will ramp a projected 37% to nearly $78 billion, while profits are expected to top $6.30 for 53% growth. In 2021, Apple was the largest customer of the Taiwanese semiconductor foundry, aka TSMC, contributing a quarter of the company's revenues. Why TSM Services Are in High Demand TSM is known as a "fab" or "foundry" for chip making. They take the designs of major semiconductor companies and execute their precise -- and top-secret proprietary -- manufacturing parameters. And this precision and protected privacy has accelerated to new levels in the past few years. Or maybe I should say it has "shrunk" to new levels. Because Moore's Law about chips doubling in power as they shrink in half every 18 months or so has been reaccelerated after leveling off in the past decade. This means that chips have entered what I call The Nanosphere. A nanometer is one-billionth of a meter. And chip micro-circuitry has gone under 10 nanometers in the past few years. That's why smartphones can do more even as they shrink. And why NVIDIA can cram 50 billion transistors into the space of a shoebox for their advanced GPU (graphics processiing unit) cards that stack together for artificial intelligence engines in the DGX system. This year, Taiwan Semi is helping major chip designers go to 5 nanometers (nm) and even 3nms! To illustrate the microscopic scale of going sub-10nm, imagine how big the coronavirus might be. Fact: the coronavirus is around 50 nanometers! And TSM is the premier foundry for going sub-10nm. Their only real competition is Samsung. What if NVDA Stumbles? Since NVIDIA might be TSM's third or second biggest customer, investors might be concerned about this recent news... NVDA shares plunged 6.6% in Wednesday's extended trading session after it revealed that the U.S. government told it to stop exporting top artificial intelligence (AI) chips to China and Russia. In a filing with the Securities and Exchange Commission, NVIDIA disclosed that the U.S. government informed it on Aug 26 about imposing a new licensing requirement, effective immediately, for its A100, A100X and forthcoming H100 integrated circuit sales in China and Russia. The government has also banned NVIDIA from exporting DGX or any other systems that incorporate A100 or H100 integrated circuits. The new licensing requirements will also be implied on any future chip designs developed by NVIDIA that have a threshold greater than or equivalent to A100. Additionally, any systems developed in the future incorporating the aforementioned types and thresholds will also fall under export restrictions. With the new licensing requirements, the U.S. government intends to "address the risk that the covered products may be used in, or diverted to, a 'military end use' or 'military end user' in China and Russia," per NVDA in the SEC filing. Export Restrictions to Hurt NVIDIA Sales NVIDIA's A100 and H100 are its highest-performance chips used in data centers for AI, data analytics and computing applications. Though the company does not sell products to customers in Russia, the new licensing requirements are going to significantly hurt its data center chip sales in China. The newly imposed restrictions are likely to impact the company's ability to support the existing customers of A100 as well as complete the development of H100 timely. This could also require NVIDIA to transition some of its operations outside China. The restrictions are expected to hamper NVIDIA's business in China from where the company is expecting to generate $400 million in revenues from the sale of the aforementioned chips in the third quarter of fiscal 2023. The company warned that it may lose revenues if Chinese firms decide not to buy alternative NVIDIA products. The latest restriction is a new blow to NVIDIA, which is already being hurt by the weakening demand for its chips used in gaming products. Last week, the company reported revenues of $6.7 billion for the second quarter of fiscal 2023, way lower than its May 2022 forecast of $8.10 billion (+/-2%), due to weaker sales across its Gaming and Data Center business segments. NVIDIA's Gaming segment revenues plunged 33% year over year due to a lower sell-in of Gaming products, reflecting reduced channel partner sales due to macroeconomic headwinds. Although Data Center revenues jumped 61% year over year, the company stated that sales were below expectations due to ongoing supply-chain disruptions and lower sales to China's hyperscale customers, who are affected by economic conditions. Considering the current business environment, the company issued dim revenue guidance for the third quarter, wherein it expects to generate $5.9 billion (+/- 2%) in sales, approximately 17% lower than the year-ago quarter's revenues. Looking at the latest U.S. government's restriction on chip sales to China, the company is highly probable to report third-quarter revenues way lower than its August 2022 guidance. Bottom line on TSM: Despite NVDA's downfall, with the SOX index down 35% since its highs and TSM down 43%, it seems the best value in chips right now trading near 13X EPS. Buy some TSM. Bear of the Day: Cars.com may be a casualty of inflation as auto prices surge above MSRP by 10% in many areas of the country. The small-cap operator of an online automotive platform offers new and used vehicle listings, expert and consumer reviews, and research tools to millions of consumers each month. The company also engages in the sale of display advertising to national advertisers. Cars.com Inc. is based in Chicago. CARS delivered quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this online automotive marketplace would post earnings of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of 100%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Cars.com, which belongs to the Zacks Internet - Commerce industry, posted revenues of $162.87 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 0.61%. This compares to year-ago revenues of $155.53 million. The company has topped consensus revenue estimates four times over the last four quarters. The reason that CARS is in the cellar of the Zacks Rank is that analysts continue to lower EPS estimates. This may be a function of consumers retracting from high prices for autos and doing more competitive shopping. With over $650 million in sales projected this year, CARS seems like a diamond in the junk yard. But let's wait before grabbing the keys until the estimates stop going down and start going back up. The Zacks Rank will let you know. Additional content: 3 Top Ultra-Safe Stocks to Buy for a Notorious September Fed Chair Jerome Powell's plans to keep increasing interest rates did little to boost investors' sentiment, with stocks closing broadly lower in August. To make matters worse, the stock market is now bracing for a historically unpleasant September. However, investors shouldn't shun equities completely. Instead, they should look out for low-risk stocks that can generate better returns in the near future. Notable among them are BCB Bancorp, Sonoco and Otter Tail. Summer Market Bounce Back in Doubt U.S. stocks did witness the sharpest first-half decline in more than 50 years. However, the major indexes started to gain momentum in July and picked up steam during the first half of August. This is because market pundits were expecting a limited increase in interest rates as inflation began to show signs of easing. Regrettably, Powell's recent hawkish speech sparked a fresh sell-off in stocks. In his Jackson Hole speech, Powell reaffirmed that the central bank remains committed to taming inflation, and will continue to hike interest rates despite concerns about a looming recession. In reality, a rate hike doesn't bode well for the stock market as it raises borrowing costs, curtails consumer spending, and impacts economic growth. Undoubtedly, stocks extended their losing streak for the fourth-straight trading session on Aug 31, following Fed Chair's speech. In fact, for the month of August, the Dow, the S&P 500, and the Nasdaq posted a drop of 3.9%, 4.2%, and 4.6%, respectively, according to Dow Jones Market Data, citing a MarketWatch article. September – An Ugly Month for Stocks With the stock market ending August in the red, it is now headed for the historically worst month of the year. Typically, the three major indexes have given the poorest performance in September. To put things into perspective, the S&P 500 declined an average 1% in September from 1928 to 2021. Likewise, when the S&P 500 declined from the beginning of the year through the end of August, as it is this year, the broader index registered an average drop of 3.4% in September, per analysts at Bespoke Investment Group, quoting another MarketWatch article. So, why is September a weak month for the stock market? It is mostly presumed that investors after returning from their summer vacations want to lock in gains by selling some of their stock holdings for the year in September. At the same time, it is believed that investors sell their stock holdings in order to pay for back-to-school items. How to Play the Stock Market With the stock market now historically entering its worst phase of the year after witnessing a pullback in August, it is prudent for investors to place bets on stocks that provide risk-adjusted returns. Thus, it's imperative to invest in low-beta stocks. These stocks are comparatively less volatile than the markets they trade in. Low beta, by the way, ranges from 0 to 1. To top it off, these stocks are high dividend payers. Thus, they not only provide a steady flow of income but also are immune to market vagaries due to their healthy financial structure and, of course, a better-quality business. Further, they flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 stocks here. BCB Bancorp operates as the holding company for BCB Community Bank, a state-chartered commercial bank. BCBP has a beta of 0.58. It has a dividend yield of 3.5%. Over the past 5 years, BCBP has increased its dividend once, and its payout ratio presently sits at 29% of earnings. Check BCB Bancorp's dividend history here. The Zacks Consensus Estimate for its current-year earnings has moved 15.1% north over the past 60 days. BCBP's shares have gained 17.6% year to date. It's expected earnings growth rate for the current year is 34.9%. Sonoco is a leading provider of consumer packaging, industrial products, protective packaging, and packaging supply-chain services. SON has a beta of 0.73. It has a dividend yield of 3.1%. Over the past 5 years, SON has increased its dividend four times, and its payout ratio presently sits at 36% of earnings. Check Sonoco's dividend history here. The Zacks Consensus Estimate for its current-year earnings has moved 13.2% north over the past 60 days. Sonoco's shares have gained 10.8% so far this year. It's expected earnings growth rate for the current year is 78.3%. Otter Tail is involved in the production, transmission, distribution and sale of electric energy. OTTR has a beta of 0.46. It has a dividend yield of 2.2%. Over the past 5 years, OTTR has increased its dividend five times, and its payout ratio presently sits at 26% of earnings. Check Otter Tail's dividend history here. The Zacks Consensus Estimate for its current-year earnings has moved 31.8% north over the past 60 days. Otter Tail's shares have gained 6% year to date. It's expected earnings growth rate for the current year is 67.4%. Why Haven't You Looked at Zacks' Top Stocks? Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 https://www.zacks.com Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sonoco Products Company (SON) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report Otter Tail Corporation (OTTR) : Free Stock Analysis Report BCB Bancorp, Inc. NJ (BCBP) : Free Stock Analysis Report Cars.com Inc. (CARS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Cathie Wood Just Doubled Down on Nvidia (NVDA) Stock
Cathie Wood sold roughly $32 million worth of Tesla to buy Nvidia shares on Thursday. What does this mean for NVDA stock?
2022-09-02T05:11:00
InvestorPlace
As Nvidia (NASDAQ:NVDA) stock sank on Thursday, Ark Invest’s Cathie Wood took it upon herself to bolster her holdings of the chip maker — at the expense of one electric vehicle (EV) behemoth. Wood sold more than 115,000 shares of Tesla (NASDAQ:TSLA) on Thursday to buy an additional 226,000 shares of NVDA stock, worth almost $32 million. This news may come as a surprise to investors, given the recent developments related to U.S. chip exports. So, what’s going on with Wood and Nvidia lately? On Thursday, Nvidia announced in a filing that the U.S. government had levied a new licensing requirement “covering any exports of Nvidia’s A100 and upcoming H100 products to China, including Hong Kong, and Russia.” This news comes as an immediate bearish signal to semiconductor stocks like Advanced Micro Devices (NASDAQ:AMD) and Nvidia, both of which maintain large trade operations with China. AMD and NVDA stock each dropped more than 5% yesterday as investors digested the discouraging trade news. Nvidia quickly responded to the requirement news, attempting to ease concerns by offering potential workarounds. An unnamed Nvidia spokesperson informed Barron’s of the following in an email: “We are working with our customers in China to satisfy their planned or future purchases with alternative products and may seek licenses where replacements aren’t sufficient. The only current products that the new licensing requirement applies to are A100, H100 and systems such as DGX that include them.” It seems one investors sell sign is Wood’s buy sign, however. NVDA Stock Makes Up Lost Ground on ARKK Investment Cathie Wood took no time to jump on this discounted semiconductor company. Specifically, Wood bought up about 0.4% of her total fund weight with Thursday’s NVDA stock purchase. The investment was made under the flagship fund of Wood’s many exchange-traded funds (ETFs), the Ark Innovation ETF (NYSEARCA:ARKK) Nvidia is now Wood’s 24th largest holding in the fund, with a market capitalization worth $347 billion. Despite this, Nvidia has been one of the year’s biggest losers coming off of 2021’s historic run-up. Supply constraints paired with cooling demand for computers and graphics cards have left NVDA stock down more than 50% so far this year. For context, the S&P 500 is down only 16% year-to-date (YTD). Last week’s tumultuous earnings call certainly didn’t help the company’s standing with investors. Nvidia reported a significant slowdown in sales and offered future guidance substantially below estimates. Nvidia seems to continue taking hits straight to the chin. Whether the company can regain lost ground before year-end remains to be seen. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
NVDA
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US Offers Relaxations To Nvidia For AI Chip Development In China
Nvidia Corp (NASDAQ: NVDA) informed that the U.S. government would allow it to continue developing its H100 artificial intelligence chip in China. The U.S. granted permission to Nvidia to perform exports needed to support U.S. customers of A100 through March 1, 2023. Additionally, it permitted A100 and H100 order fulfillment and logistics through Nvidia’s Hong Kong facility through September 1, 2023. Also Read: China Voices Displeasure Over US Chips Act; Warns Against Aggressive Standoff Earlier
2022-09-02T04:44:27
Yahoo
US Offers Relaxations To Nvidia For AI Chip Development In China Nvidia Corp (NASDAQ: NVDA) informed that the U.S. government would allow it to continue developing its H100 artificial intelligence chip in China. The U.S. granted permission to Nvidia to perform exports needed to support U.S. customers of A100 through March 1, 2023. Additionally, it permitted A100 and H100 order fulfillment and logistics through Nvidia’s Hong Kong facility through September 1, 2023. Also Read: China Voices Displeasure Over US Chips Act; Warns Against Aggressive Standoff Earlier, it acknowledged that U.S.’s new export restrictions could hamper its operations in the country. Nvidia noted that its third-quarter guidance included about $400 million in potential sales to China, which may be subject to the new license agreement. U.S. restricted sales of high-performance AI chips for servers, the A100 and H100, to China and Russia. However, it authorized exports, reexports, and in-country transfers needed to continue Nvidia’s development of H100 integrated circuits. The U.S. aimed to restrict U.S. exports of certain semiconductors and equipment, fearing China’s exploitation of the same for military purposes. Nvidia CEO Jensen Huang warned analysts against Chinese cloud companies slowing down building out their data centers and that China was a “very large market” for the company, CNBC reports. Now Nvidia can continue to ship AI chips from its Hong Kong facility through September 2023. Some analysts are optimistic that Nvidia can reduce the impact of the new export restrictions by working with the government. However, clarity is pending over China’s retaliation. The U.S. took steps to restrict China’s access to cutting-edge semiconductor technology, including imposing restrictions on China’s chipmakers. Price Action: NVDA shares traded lower by 0.17% at $139.14 in the premarket on the last check Friday. Photo via Wikimedia Commons See more from Benzinga Cloud Customer Behavior And Asian 'Economic Trends' Prompts Analyst 'Concern' About Memory Stocks Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Uniswap leads way as most big cryptocurrencies post increases
Most of the largest cryptocurrencies were up during morning trading on Friday, with Uniswap seeing the biggest change, climbing 4.46% to $6.58. Seven...
2022-09-02T03:00:00
MarketWatch
Most of the largest cryptocurrencies were up during morning trading on Friday, with Uniswap UNIUSD seeing the biggest change, climbing 4.46% to $6.58. Seven additional currencies posted upswings Friday. Litecoin LTCUSD increased 3.54% to $59.43, and Polkadot DOTUSD rose 3.46% to $7.40. Ethereum ETHUSD climbed 3.05% to $1,629.00, while Bitcoin Cash BCHUSD rallied 1.21% to $118.19. Bitcoin BTCUSD increased 0.95% to $20,298.43. Cardano ADAUSD and Dogecoin DOGEUSD rounded out the increases for Friday, with gains of 0.95% to 46 cents and 0.21% to 6 cents, respectively. On the other hand, Ripple XRPUSD posted the only drop, falling 0.78% to 33 cents. In crypto-related company news, shares of Coinbase Global Inc. COIN dropped 1.74% to $64.39, while MicroStrategy Inc. MSTR declined 1.65% to $217.27. Riot Blockchain Inc. RIOT shares dropped 2.55% to $6.68, and shares of Marathon Digital Holdings Inc. MARA dropped 3.56% to $11.10. Overstock.com Inc. OSTK shed 1.43% to $25.46, while Block Inc. SQ dropped 2.45% to $67.07 and Tesla Inc. TSLA inched down 0.44% to $275.93. PayPal Holdings Inc. PYPL slipped 0.94% to $91.79, and Ebang International Holdings Inc. Cl A EBON shares sank 0.09% to 46 cents. NVIDIA Corp. NVDA dropped 1.01% to $137.96, and Advanced Micro Devices Inc. AMD sank 0.94% to $81.93. In the fund space, the Bitwise Crypto Industry Innovators ETF BITQ, which is focused on pure-play crypto companies, inched down 0.28% to $7.24. Blockchain-focused Amplify Transformational Data Sharing ETF BLOK inched down 0.39% to $20.44. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, rallied 2.28% to $12.56. Editor's Note: This story, which tracks nine of the top cryptocurrencies and excludes stable coins, was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones, FactSet and Kraken. See our market data terms of use.
NVDA
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What Is the Qualcomm-Meta Agreement All About?
Chip manufacturer Qualcomm (QCOM) (GB:0QZ3) has joined hands with social media giant Meta Platforms (META) for the production of custom chips. Under the multi-year ...
2022-09-02T02:34:00
TipRanks
Chip manufacturer Qualcomm (QCOM) (GB:0QZ3) has joined hands with social media giant Meta Platforms (META) for the production of custom chips. Under the multi-year agreement, Qualcomm will provide custom chips for Meta’s Quest VR headsets. The announcement came at a consumer electronics conference in Berlin today and teams from both companies are expected to work together to develop the chips, which will use Qualcomm’s Snapdragon XR platforms. While financial terms remain undisclosed, the chips (which won’t be exclusive to Meta) will be optimized for the Quest headsets. With this move, Meta continues to forge ahead in its Metaverse journey. Qualcomm, on its part, has already supplied chips for the Oculus Go and Meta Quest 2. It has most recently agreed to make chips for Microsoft’s AR smart glasses. The Founder and CEO of Meta, Mark Zuckerberg, said, “Unlike mobile phones, building virtual reality brings novel, multi-dimensional challenges in spatial computing, cost, and form factor. These chipsets will help us keep pushing virtual reality to its limits and deliver awesome experiences.” Is Meta a Good Stock? Loop Capital market’s Rob Sanderson has reiterated a Buy rating on Meta while decreasing his price target on the stock to $165 from $180. Overall, analysts have a Moderate Buy consensus rating on META stock with an average price target of $224.21, indicating a 35.59% upside. Qualcomm Is Being Sued In another development, Qualcomm and Nuvia have been sued for license violations in a federal district court of Delaware by Softbank-owned Arm. Arm, which designs semiconductors, has accused Qualcomm and Nuvia of violating its licenses. Arm has now asked Qualcomm and Nuvia not to infringe its trademarks, and stop the use of and destroy the relevant technology. The company has also asked for compensation for the infringement. What Is QCOM Stock’s Price Target? QCOM’s average price target of $189.85 indicates 46.13% upside potential for the stock. Overall, the Street is cautious but optimistic about Qualcomm, which carries a Moderate Buy consensus rating. Closing Thoughts While Mark Zuckerberg’s Meta continues to make strides in the metaverse space, Qualcomm is expanding its expertise and offerings in virtual reality. The substantial double-digit upside seen by analysts in these stocks is icing on the cake for investors. Read full Disclosure
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Qualcomm: Wait For Another Bottom In September
Qualcomm is already showing signs of weakness post FQ3'22 earnings call. Check out at what price QCOM stock can be bought.
2022-09-02T02:00:00
SeekingAlpha
Qualcomm: Wait For Another Bottom In September Summary - Qualcomm is already showing signs of weakness post FQ3'22 earnings call, significantly worsened by the Fed's hawkish comments. - We may potentially see another $120s over the next few weeks, which has proved to be QCOM's support level for the past two years. - With aggressive plans to diversify into the server market, QCOM should easily deliver growth, with a promising $700B Total Addressable Market. Investment Thesis Qualcomm's (NASDAQ:QCOM) stellar performance in FQ3'22 was obviously overshadowed by the softer guidance for FQ4'22. However, we must highlight that QCOM is already performing by leaps and bounds better than expected, given the destruction of demand in the PC, mobile, and gaming industries. The company had side-stepped the massive headwinds experienced by Nvidia (NVDA) and Intel (INTC), due to the strength in the former's premium smartphone segment, significantly cushioned by its long-term partnership with Apple (AAPL) and Samsung Electronics (OTCPK:SSNNF). Therefore, we reckon that the reaction post FQ3'22 earnings call is probably overblown. Nonetheless, due to the Fed's hawkish commentary on the rising inflation, we may expect to see a steep interest hike in its upcoming meeting on 20 September. Combined with the weakening consumer demand in the mid-tier Android segment due to the worsening macroeconomics, we may see a further stock weakness ahead, as witnessed since 25 August 2022. Massive Growth In The Global Server Market In any case, we believe that the dip would offer an attractive entry point for those looking to add QCOM. Furthermore, the company is rumored to re-enter the server market moving forward, through the Nuvia acquisition previously completed in March 2021. That strategic expansion would provide the management with a much-needed diversification beyond the existing smartphone, IoT, and automotive segments, since the server market represents yet another avenue of global digital transformation beyond its $700B addressable market by 2026. Tai Liani, the analyst at Bank of America, said: The deflating handset demand is a risk, yet we believe it is already reflected in expectations, and remain confident in the company’s long-term revenue opportunities and diversification strategy beyond handsets. (Seeking Alpha) QCOM Has Performed Well Thus Far - Despite The Destruction In The Semi Market In FQ3'22, QCOM reported revenues of $10.94B and gross margins of 56%, representing an increase of 35.7% though a decline of 1.8 percentage points YoY, respectively. In contrast, the company grew its profitability impressively to net incomes of $3.73B and net income margins of 34.1%, indicating an increase of 83.7% and 9 percentage points YoY, respectively. The growth in QCOM's sales mainly was attributed to the record growth in the QCT Automotive and IoT segments, which recorded impressive YoY increases of 38% and 31%, respectively. Naturally, this is on top of the revenue driver segment, namely the handsets, which accounted for 56% of its revenues with a remarkable YoY growth of 58% in FQ3'22. In FQ3'22, QCOM reported total operating expenses of $2.71B, representing a minimal increase of 10.1% YoY. This has massively improved the ratio to its growing sales at 24.8% of its revenues and 44.2% of its gross profits for the latest quarter, compared to 30.5%/52.9% in FQ2'21 and 41.5%/72.2% in FQ2'20, respectively. Thereby, boosting QCOM's profitability at the moment. In the meantime, QCOM reported a 9.4% YoY increase in capital expenditures to $554M, on top of 18.4% revenue reinvested back into R&D efforts in FQ3'22. Long-term investors should be encouraged since these investments are expected to eventually be top and bottom line accretive, further accelerating the company's goal of a $700B TAM. For now, QCOM still reported a relatively decent Free Cash Flow (FCF) generation at an FCF of $2.34B and an FCF margin of 21.4%. While investors may be concerned about the relatively low cash and equivalents of $3.2B on its balance sheet in FQ3'22, we must highlight that this is attributed to the $4.6B cash paid for the Arriver acquisition. Therefore, not an accurate reflection of QCOM's fundamental performance. QCOM's Growth Will Normalize While Remaining Highly Profitable Between FY2021 and FY2024, QCOM is expected to report revenues and net income growth at a CAGR of 13.26% and 18.83%, respectively. Otherwise, 5.04% and 3.21%, respectively, over the next two years. It is evident that the pandemic-driven hyper-growth is coming to an end, similarly reflected in its stock prices now. Nonetheless, it is essential to note that these numbers reflect its steady performance ahead, without suffering a similar downgrade from consensus estimates, such as Nvidia and Intel, since our previous analysis in April 2022. Furthermore, analysts remain optimistic about QCOM's profitability, given the growth in its net income margins from 18.1% in FY2019, to 26.9% in FY2021, and finally to 31.1% by FY2024, though partly attributed to Arriver. Stellar indeed, since it would be directly translated to its FCF generation and ability in sustaining dividend growth ahead. Assuming a similar FCF margin in FQ3'22, we are looking at an aggressive estimate of up to $10.43B of cash flow generation by FY2024, which would represent an exemplary milestone in QCOM's profitability then. For FY2022, QCOM is expected to report revenues of $44.19B and net incomes of $14.24B, representing impressive YoY growth of 31.6% and 57.5%, respectively. Consensus also estimates revenues of $11.4B and net incomes of $4.19B for FQ4'22, representing an excellent increase of 22.1% and 50.1% YoY, respectively, despite the perceived softer guidance from the management in its FQ3'22 earnings call. Therefore, long-term QCOM investors have nothing to fear ahead, since the normalization of revenue growth is a natural post-reopening cadence. In the meantime, we encourage you to read our previous article on QCOM, which would help you better understand its position and market opportunities. - Qualcomm Is A Strong Buy With Robust Global Demand - Qualcomm: $700 Billion Market Opportunity - Why We Are Buying So, Is QCOM Stock A Buy, Sell, or Hold? QCOM 5Y EV/Revenue and P/E Valuations QCOM is currently trading at an EV/NTM Revenue of 3.46x and NTM P/E of 10.55x, lower than its 5Y mean of 4.19x and 17.16x, respectively. The stock is also trading at $132.27, down 31.6% from its 52 weeks high of $193.58, though at a premium of 11.8% from its 52 weeks low of $118.23. QCOM 5Y Stock Price In the meantime, consensus estimates still rate QCOM as an attractive buy with a price target of $190.45 and a 41.6% upside from current prices. However, we are starting to see some weakness in the sector, especially given the Fed's potentially aggressive rate hikes ahead. The stock will likely continue to retrace over the next few weeks, reaching the time of maximum pain before the Fed's next meeting. As a result, we encourage investors to wait till then, before adding this stellar stock at near bottom levels of $120. This article was written by Analyst’s Disclosure: I/we have a beneficial long position in the shares of QCOM, NVDA, INTC, AAPL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Comments (17) Once gain Chinese revenues are linked to OEM, not end customers. If you want to have some real insight, you’ll need to dive into each OEM report and see the geographical split of revenues on the high end smartphone they sell. If not, this is once again misguided information.
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Qualcomm and Meta teaming to build future VR headsets
Qualcomm and Meta have entered into a years-long agreement that will see the chipmaker provide chips for Meta's VR headsets.
2022-09-02T01:00:47
Yahoo
Qualcomm and Meta teaming to build future VR headsets Qualcomm (QCOM) and Facebook parent Meta (META) continue to lean further into the metaverse. The latest move comes in the form of a new multi-year agreement between the companies that will see Meta use Qualcomm’s Snapdragon XR platform to power its VR and AR devices for the foreseeable future. The news came during Qualcomm CEO Cristiano Amon’s keynote at the IFA conference in Berlin on Sept.2. “By partnering with Meta, we are bringing together two of the world’s metaverse leaders to revolutionize the future of computing for billions of people in the coming years,” Amon said. “Building off our joint leadership in XR, this agreement will allow our companies to deliver best-in-class devices and experiences to transform how we work, play, learn, create, and connect in a fully realized metaverse.” Meta already uses Qualcomm’s Snapdragon XR2 platform to power its Meta Quest 2, and the original Quest ran on the Snapdragon 835, so the two companies are intimately familiar with each other. As we continue to build more advanced capabilities and experiences for virtual and augmented reality, it has become more important to build specialized technologies to power our future VR headsets and devices. Meta raised the price of its Quest 2 headset in July by $100 to $399 for a headset with 128GB of storage and $499 for 256GB. The move was a bit of a head scratcher considering the Quest 2 first hit the market in Oct. 2020. Device makers usually lower their prices as time goes on. During an appearance on Joe Rogan’s podcast last month, Zuckerberg said his company is preparing to release a new headset next month. The device is largely expected to be Meta’s highly-anticipated Project Cambria platform. The headset is expected to cost nearly far more than the Quest 2 and could target enthusiasts. Meta is pouring money into its attempts to own the metaverse, plowing $10 billion into the project in 2021 alone. And Zuckerberg has admitted that it will continue to cost the company billions for years to come. As it stands Meta’s own metaverse software Horizon Worlds leaves much to be desired. Graphics are still rather crude compared to modern high-end video games and there’s not much to do outside of some basic games. I wrote in my latest column that the enterprise is the best way for companies to prove the metaverse’s worth to consumers. Meta is already working on those kinds of capabilities via its Horizon Workrooms, though it’s not alone. Microsoft (MSFT) has a similar product in its Teams Mesh software. Nvidia (NVDA), meanwhile, is pushing forward with its own Omniverse software designed for enterprise solutions including creating digital twins for engineering purposes, among others. Most consumers still don’t even understand the metaverese. According to Forrester, some 23% of U.S. online adults are familiar with the metaverse. That number drops significantly outside of the U.S. with just 17% of German adults knowing about the metaverse. If Meta’s big bet is going to pay off, it will need to do more to convince its broad user base as to why it needs to jump into metaverse in the first place. Sign up for Yahoo Finance's Tech newsletter More from Dan Apple and Meta need to win over the enterprise if the metaverse is going to succeed T-Mobile debuts plan to let you test its network without having to switch Samsung’s Z Fold4 and Z Flip4 are foldable phones for the tech curious Got a tip? Email Daniel Howley at [email protected]. Follow him on Twitter at @DanielHowley. Click here for the latest technology business news, reviews, and useful articles on tech and gadgets Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app for Apple or Android Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and YouTube
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Taiwan Semiconductor Manufacturing Company
2022-09-01T23:59:00
TalkMarkets
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GLOBAL BROKER RATINGS: Goldman cuts Air Liquide; CS likes Inwit
Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results.
2022-09-01T23:58:00
Alliance News
This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606 At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.26% per year. These returns cover a period from January 1, 1988 through July 3, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Visit Performance Disclosure for information about the performance numbers displayed above. Visit www.zacksdata.com to get our data and content for your mobile app or website. Real time prices by BATS. Delayed quotes by FIS. NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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Broadcom’s Solid Forecast Fails to Give Chip Stocks a Boost
Shares of Nvidia, Micron and Intel are slipping even after fellow chip maker Broadcom said it expected 'solid demand' to continue in its fiscal fourth quarter.
2022-09-01T21:41:00
MarketWatch
Semiconductor stocks were slipping Friday even after chip maker Broadcom said it expected “solid demand” to continue in its fiscal fourth quarter. Chief Executive Hock Tan told analysts that “infrastructure spending is still very much holding.” Broadcom (ticker: AVGO) shares rose 1.9% in premarket trading Friday to $501.50 after the company said it expected fourth-quarter revenue of $8.9 billion, higher than analysts’ expectations of $8.77 billion. The stock has declined 26% this year. Third-quarter earnings and revenue at the chip supplier also beat Wall Street forecasts. Tan told analysts on a conference call following the release of the earnings report that “while consumer IT hardware spending has been reported to be weak, very weak, from our vantage point, infrastructure spend is still very much holding.” The CEO added that it was “true demand what we’re seeing with respect to the various end markets and the infrastructure products we sell to into those end markets.” He admitted the company’s earnings report was “somewhat surreal.” Piper Sandler analyst Harsh Kumar, who rates Broadcom stock at Overweight, said the company “reported a very stable and solid quarter,” adding that the company saw growth “across the software business and, more importantly, across the semiconductor business as well.” Shares of chip stocks have stumbled this year as demand has waned for consumer products such as personal computers and smartphones. Nvidia (NVDA) shares fell slightly Friday after tumbling 7.7% in Thursday’s session. The decline Thursday was related to new licensing requirements from the U.S. on some of the company’s advanced chips, which will impact sales to China. The stock has declined nearly 53% this amid the weaker demand environment. Chip makers Micron Technology (MU), Intel (INTC) and Qualcomm (QCOM) also were posting modest losses in premarket trading. They had traded higher earlier in the session. Advanced Micro Devices (AMD) was rising, but only slightly with the stock barely in positive territory. Write to Joe Woelfel at [email protected]
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