Happy Nvidia Day! | MarketTalk: What’s up today? | Swissquote

Show notes

The markets were calm yesterday, the European stocks extended gains, while the S&P500 and Nasdaq consolidated a bit lower than their ATH levels. A $69bn sale of US 2-year debt went well, the US 2-year yield extended losses and the US dollar rebounded from the lowest levels of the year. Crude oil, which rallied to its 200-DMA on mounting tensions in Middle East and Libya, failed to break offers at this level and fell nearly 2% as most traders brought the global growth concerns and the sluggish Chinese recovery back on the table. The barrel of US crude eased to $76pb level and is consolidating near this level this morning. We will probably have another calm trading session today, as investors will not be willing to move mountains before they see the latest results from Nvidia, that are due to be released today, after the closing bell.

The expectations for Nvidia’s Q2 results are sky-high, of course. In numbers, Nvidia’s own revenue forecast is a whopping $28bn of sales in the Q2 of this year. That’s more than the double of the money the company made a year ago And the market expectations are even more than that: they range between $27 and $32bn.
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