Mind The Gap as Retailing Moves Into the Spotlight
Retailer Gap looks to be heading for a big day with a gain of 19.4% premarket adding to yesterday’s 6.9% advance. Earnings per share crushed expectations ($0.72 vs street $0.58). Management indicated the holiday quarter is off to a strong start and raised guidance. On the other hand, Intuit is down 2.8% premarket despite an […]
Nvidia Rebounds Post-Earnings, Bitcoin Rally Continues
After the close last night, Nvidia earnings beat expectations ($0.81 vs street $0.75). Sales and guidance also beat the street. The shares traded 1-3% underwater through aftermarket and early premarket trading but in the last hour or so, they have started to climb and are currently up nearly 2.0% premarket. Boosted by Nvidia’s rebound, US […]
Target Misses, Investors Await Afternoon Nvidia Earnings
US index futures are up moderately this morning with gains of 0.2%-0.4% so far. Hong Kong and continental European markets are up about the same while the FTSE is up 0.2%. UK trading appears to be lagging after the country’s latest consumer price index report (2.3% vs street 2.2% and previous 1.7%) suggested that inflation […]
Stocks Rebound To Start the Trading Week
Stocks in North America and Europe are trying to mount a rebound from Friday’s big selloff that saw US indices fall between 1.0% and 2.5% with the NASDAQ leading the way downward. This morning, bargain hunters and people who may have sold or held off ahead of the weekend appear to be stepping back in […]