Author: starbpo

Wall Street thinks that Nvidia Corp. will report $24.5 billion in quarterly sales, which is 240% more than the same time last year. The company’s earnings report is next Wednesday. Tim Arcuri, a financial analyst at UBS, thinks that number could go up even more. He wrote on Tuesday that Nvidia NVDA, +3.58% could make “potentially as high as $26 billion” in April quarter sales and that the company could make between $27 billion and $28 billion this quarter. The analysts that FactSet tracks think that the current quarter will bring in $26.5 billion. He wrote that those two numbers…

Polls of both consumers and businesses have been negative for a while now. Now the so-called “hard data,” like the April retail sales report, is also starting to look worse, but it’s still a lot better than what the “soft data” says. A statistical measure called a Z-score can be used to show this. To put it simply, a Z-score shows how a piece of data fits into its own history. In a more technical sense, it shows how far away from the mean a data point is, measured in standard deviations. Hard data includes core capital-goods orders, industrial production,…

Netflix Inc. announced a sharp increase in demand for its streaming-with-ads plan on Wednesday. The company is making this move in an effort to outpace the industry, which is attempting to balance rising online consumption with enticing viewers and advertisers away from cable TV. During TV’s upfronts—an industry tradition where network and media executives try to court advertisers—the streaming platform made the announcement. The increase, according to some analysts on Wednesday, suggested Netflix NFLX, -0.02% was growing too big to be passed over by larger companies. Netflix reported that 40 million people worldwide now actively use its less expensive plan,…

Slovenska Banka Bystraica — Robert Fico, the populist prime minister of Slovakia, was shot several times on Wednesday and is critically injured, but his deputy prime minister expressed optimism that Fico will make a full recovery. Weeks before an election, the attempted assassination shocked the small nation and sent shockwaves across Europe while the prime minister was addressing supporters at an event. Tomas Taraba told the BBC, “I guess in the end he will survive,” and that he wasn’t in any danger of dying right now. Defense Minister Robert Kalina told reporters at the hospital where pro-Russian leader Fico, 59,…

The most anticipated report of the month—data on U.S. consumer prices—was leaked ahead of schedule, and there’s no sign that the market noticed. About 30 minutes before the release, or 8 a.m. Eastern, the Bureau of Labor Statistics said, it unintentionally uploaded a portion of the files to the website. It did not say which data, or if any, knowledgeable investors could have taken action based on that subset. The organization declared that an inquiry will now be conducted. “BLS has reported the incident to the DOL’s Office of the Inspector General and the Office of Management and Budget. In…

The figures: For the second week in a row, mortgage rates dropped, which led to a rise in refinancing activity. The 30-year mortgage rate dropped to its lowest point since early April, a decrease of 10 basis points. The Mortgage Bankers Association (MBA) said on Wednesday that the decline resulted in an increase in the market composite index, which is a gauge of the volume of mortgage applications, over the previous week. For the week ending May 10, the market index increased by 0.5% from the previous week to 198.1. When the index was at 214.9 a year ago. Important…

Will the S&P 500 continue to rise following its April slump? Retail sales and the CPI The direction of stocks on Wednesday may be determined by CPI data and retail sales. This year, the SPDR S&P 500 ETF Trust SPY, which tracks the large index, has returned a 10% gain to investors who have stayed with it. Rewarding holders since the S&P 500’s late-October low of 4,117.37 would have received a 27% increase. Adam Kobeissi of The Kobeissi Letter gives us the call of the day: don’t give up on stocks just yet. Since that October low, he has urged…

In a few days, the meme rally that sent GameStop Corp.’s stock skyrocketing this week will probably end, according to Dan Raju, CEO of cloud-based financial services company Tradier. “This is a transient, irrational hysteria,” he informed MarketWatch. It doesn’t have any foundational principles. It is predicated on a few securities that have social resonance. “I think this will fade out in a day or two,” he continued. Raju is not the only observer pointing out the discrepancy between the fundamental performance of the company and the movement in GameStop GME, +60.10% shares. According to Raju, this rally differs significantly…

Recent disclosures from the company indicate that Chief Executive Jensen Huang of Nvidia Corp. received a 60% pay increase last year. As per the most recent proxy filing from Nvidia, which was released on Tuesday afternoon, Huang received $34.2 million in total compensation for the fiscal year 2024. This is more than the $23.7 million he received in 2022 and the $21.4 million he received for the fiscal year 2023. Huang’s base salary, which was little under $1 million, remained mostly unchanged despite the significant increase in compensation. Huang’s pay increase for the fiscal year 2024, which concluded in January…

Due to decreased gasoil consumption in several of the largest economies in the world, especially in Europe, and mild winter temperatures, the International Energy Agency lowered its prediction for growth in oil demand this year. According to the Paris-based organisation, the growth in oil demand is currently estimated to be 1.1 million barrels per day, down from 1.2 million barrels per day in its most recent monthly report. It is still anticipated that 103.2 million barrels will be consumed daily on average. The OECD countries’ oil demand shrank by 70,000 barrels per day on an annual basis in the first…