$Bitcoin(BTC.USD.CC)$ surged past the $97,000 mark and continues to trade within a volatile range.
$MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ all continue to surge before market open.
My Quick Comments on NVDA earnings,BTC ETFs and Fed Path
@Optionskiwi：NVIDIA Reported after the bell this morning All eyes were on $NVIDIA Corp(NVDA)$ that reported quarterly results after the close of the US market today. The company reported quarterly earnings of $0.81 per share which beat analyst’s consensus estimates of $0.75 by 8 percent. Quarterly sales were $35.1 billion which also beat analyst’s consensus estimates of $33.125 billion. This represents a 94 percent increase in sales above $18.120 billion for the same period last year. For the next quarter, Nvidia projects $37.5 billion in revenue at the midpoint. That compares with the $37.1 billion FactSet consensus but obviously was not high enough for some lofty expectations by some. Nvidia shares slipped 1.5% in afterhours trading having closed down 0.8% at $145.89 in normal market trading. The tech darling had hit an intraday high on 8 November of $149.77 and is up 195% YTD. Other Stocks reporting this week Retailers $Wal-Mart(WMT)$ and $Lowe's(LOW)$s both beat estimates earlier in the week and while Walmart jumped 5.2%, Loew’s fell 5.5%. $Target(TGT)$ fell a massive 21.4% after reporting earnings of $1.85 versus expectations of $2.30. $TJX Companies(TJX)$ closed unchanged after its result. Also reporting after the close this morning was $Palo Alto Networks(PANW)$ which beat consensus but fell 5.4% on forward guidance. Options on Bitcoin ETF Options were launched on $iShares Bitcoin Trust(IBIT)$ on Tuesday. First day trading volume was a staggering 354,000 contracts with 82% being call options as $Bitcoin(BTC.USD.HKCC)$ $Bitcoin(BTC.USD.CC)$ continues its rally. The Blackrock managed ETF was launched (along with rival Bitcoin ETF’s) in January this year and it now has a market value of $44.6 billion. Don’t fight the Fed The probability of a Fed rate cut on December 18th has fallen from 82.5% last week to 52% today according to the CME FedWatch Tool after Feb Chair Jerome Powell’s speech last Friday in which he stated that with the economy still growing, the job market solid and inflation still above the 2% target, the Fed can deliberate carefully on rate cuts. Disclaimer: This information is not financial advice and has been prepared without taking into consideration an individual investor's own objectives, financial situation or needs. Any third party’ content referred to has not been assessed or endorsed by Tiger Brokers. Before making any investment decisions based on the information provided, you must consider the appropriateness of doing so in regard to your own objectives, financial situation and needs, and consult your financial adviser. Past performance of financial products is not a reliable indicator of future performance. Tiger Brokers and any of its directors, employees and associates may, from time to time, deal in any financial products mentioned (or derivatives of them), as principal or as agent for clients and may earn brokerage, fees, salary, bonus or other benefits for those dealings.
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