Nvidia $NVIDIA Corp(NVDA)$ , king of AI, will release the second quarter of the fiscal year 2024 (May 1, 2023 - July 31 2023) after the closing bell on August 23. The financial report of the world attention, it may have a significant impact on the trend of the US stock market!In the last quarterly earnings report, Nvidia stunned the world. Management expected FY24Q2 revenue to be around $11 billion, a year-on-year increase of 64%, far exceeding analysts' consensus expectations of $7.15 billion!Boosted by this, Nvidia soared 24% the day after the results were announced, or 1.6 Intel$Intel(INTC)$ a day!Since then, Nvidia's share price has risen continuously, with a market capitalization of more than $1 tril
As of August 16th, $DJIA(.DJI)$ has declined by 1.72% since the beginning of August, $NASDAQ(.IXIC)$ has fallen by 4.98%, and $S&P 500(.SPX)$ has dropped by 3.29%, putting an end to five consecutive months of gains.Major indices’ pullback reinforces August curseAugust curse in the context of the stock market refers toa historical trend where the month of August tends to be associated with stock market declines or increased market volatility.Historically, July has been a bullish month for the stock market, but as August approaches, market volatility tends to rise.Market awaiting dovish news?The Federal Reserve Bank of Kansas City will host the 2023 Econo
The famous Wall Street "Big Shorter" has made a new move!Michael Berry, the prototype of the movie "The Big Short", was famous for accurately predicting the 2008 subprime mortgage crisis in the United States. Now he has found a new " Big Short " opportunity: bet more than $1.6 billion to predict the collapse of the stock market.Big short on U.S. stock marketAccording to information released on August 14th, Wall Street's well-known "big short" fund manager Michael Burry held bearish $S&P 500(.SPX)$ index and $NASDAQ 100(NDX)$ index pull options at the end of Q2 . Burry's investment company, Scion Asset Management, bought puts on the $Invesco QQQ Trust-ETF(
On top of strong earnings reports from $JPMorgan Chase(JPM)$ , $Wells Fargo(WFC)$ , $Delta Air Lines(DAL)$ and positive economic data from last week,US stocks rose. While judging from the results of financial stocks on last Friday, the results were mixed.Positive: Large institutions such as $JPMorgan Chase(JPM)$ and $Wells Fargo(WFC)$ benefited from the boost in consumer business, and their performance exceeded analyst expectations. Among them, $JPMorgan Chase(JPM)$ Chase reported a 67% increase in second-quarter profit and see stock price hi
$Tesla Motors(TSLA)$ will be reporting its Q2 2023 earnings on Wed, 19 Jul 2023 after market closing. It is natural that investors’ focus will be on Tesla’s profit quantum earned during the past 3 months. When it comes to investment (especially mid to long term), do we ask ourselves - is “dollars & cents” the only criterion-dimension for assessment? See below. I think the article is a timely reminder for us, retail investors. For every stock that we invest our hard-earned monies, is there a bigger picture in the background while we trace & track the stock’s performance? Mr Gary Black, co-founder & managing partner of Future Fund, has provided his estimates on Tesla’s Q2 earnings. He predicts, Tesla’s adjusted earnings per share (E