11/11/2022 0 Comments Nvda pre marketTreasuries – rose in price – sending yields down but leaving them inverted…. Industrials, Tech, Financials, Consumer Staples and the growth trade all just a bit lower by about 0.3% while Utilities, Consumer Discretionary, Communications, Energy, Healthcare, Basic Materials, Real Estate and the value trade all ended the day higher – up between 0.2% - 0.7%. The Dow was up 30 pts, the S&P down 5, the Nasdaq only off by 14 pts, the Russell up 20 and the Transports gained 52.Īll of the 11 S&P sectors remained in calm territory as investors digest what’s next…. In any event – the NVDA news weighed on the Nasdaq and the broader mkt – partly because everyone owns it….it’s a fan favorite across the mutual fund industry, the ETF industry and the Index industry….so it is what it is….by the end of the day – the stock was off by 6% or $12…. I guess THAT number was no good….in fact it declined significantly as the quarter progressed……I just wish they told me that before I bought stock last week….Hey! slow down – no one says anything when Pauly ‘P’ somehow finds out and puts on a big trade ahead of the news ‘risking all he’s got’…….but that’s another story! the quantity distributed to it wholesale). results are also expected to include about $1.32 billion worth of charge offs.ĬEO Jensen Huang had this to say – “We expect the macroeconomic conditions affecting sell-throughs to continue – so we took actions with our gaming partners to adjust channel prices and inventory” (so you ask – what is Sell-Through? It is the ratio of the quantity of goods sold by a retail outlet vs. that are expected to be down 44% q/q and down 33% y/y…data center revenues, though, were up 1% q/q and 61% y/y…. The shortfall being driven by weaker gaming revenues…. the expected $8.1 billion – down 19% q/q but up 3% y/y. revenues are ‘projected’ to be $6.7 billion vs. Well by now you know or at least you can imagine how that turned out….they decided to pre-announce, they took the beating, they saw 8% (or $15.12) of their value wiped out by 11:30 as they tried to manage the bleed….Preliminary 2nd qtr. ‘Do we wait until August 24th to tell everyone the bad news or do we head it off at the pass – give them ‘selected’ results, tell them now, let them clobber us, let them throw a temper tantrum and then it will be over or do we say nothing and let it ride….?’ – so, the dilemma in the C-Suite was this: NVDA – the premier semi-conductor company came out and ‘pre-announced’ – which usually means it NOT good…. Stocks whipped around on Monday….beginning the day in the early hours in negative territory, only to turn up at the opening and trade higher in the moments after the opening bell – as it appeared as if Friday’s NFP report was not gonna get in the way of what investors wanted to do….….notching the high for the day at 10 am….when the S&P traded up to 4,186 and the Nasdaq traded up to 12,855 – and from there it was all downhill. NVDA Pre-announces (never good) stock drop more than 6%.Īfter the bell – more warnings of a slowdown ahead.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |