As June rolls around, amusement parks and beachside cabanas are getting worked into the budgets of vacation-hungry Americans. For U.S. stock traders, summer’s kickoff coincides with the conclusion of second-quarter earnings season and some last minute swing trade ideas.
In the
Cadence Design Systems (NASDAQ: CDNS) shares are up 12% in May, given a boost, like so many other chip companies, by excitement about AI following Nvidia Corp.’s (NASDAQ: NVDA) blowout quarterly report.
San Jose, California-based Cadence specializes in software and hardware us
Chinese e-commerce giant Alibaba Group Holdings Ltd. (NASDAQ: BABA) announced in November 2022 that it would be spinning off six companies. Ali Baba has been referred to as the Amazon.com Inc. (NASDAQ: AMZN) of China. It is the second largest e-commerce company in China, behind
Weighing on futures this morning is China’s weaker than expected May PMI data, which showed Manufacturing contracting with the same for new orders in the Non-Manufacturing sector.
The following companies are expected to report earnings prior to market open on 05/31/2023. Visit our Earnings Calendar for a full list of expected earnings releases.Donaldson Company, Inc. (DCI)is reporting for the quarter ending April 30, 2023. The pollution control company's
The following companies are expected to report earnings after hours on 05/30/2023. Visit our Earnings Calendar for a full list of expected earnings releases.HP Inc. (HPQ)is reporting for the quarter ending April 30, 2023. The computer company's consensus earnings per share forec
Nvidia CEO Jensen Huang calls ChatGPT's November 2022 release the AI industry's "iPhone moment," triggering an arms race among tech firms, big and small. Microsoft quickly bought half of OpenAI, the company behind ChatGPT. At the same time, Google, Meta and Alibaba raced to deve
Chinese e-commerce giant PDD Holdings (NASDAQ: PDD), which just reported strong earnings results, is looking to disrupt the US fast-fashion market with its new app targeted at the international market, Temu.
PDD is no stranger to rapid growth. The upstart firm started from zero
Nvidia’s valuation has surpassed what the company’s current fundamentals suggests it should be worth. But that does not mean the gains are unsustainable or the stock can’t go even higher.
Last week will be remembered as the week AI proved it was more than just a blip in the radar for the market. NVIDIA’s (NASDAQ: NVDA) earnings and guidance cemented that the demand for AI is real, the adoption of the new technology is real, and it’s only just beginning.While most
The analysts covering Nvidia NVDA are struggling to come up with superlatives to describe the chipmaker’s blockbuster quarterly results. Coming into Nvidia’s May 26th quarterly numbers, many analysts saw some upside to consensus e
The following companies are expected to report earnings prior to market open on 05/30/2023. Visit our Earnings Calendar for a full list of expected earnings releases.Elbit Systems Ltd. (ESLT)is reporting for the quarter ending March 31, 2023. The aerospace and defense company's
The PCE price index came hotter than expected and will profoundly impact the market. The index accelerated at the core and headline levels and on a month-to-month and YOY basis which can lead to only 1 thing: higher interest rates. The FOMC indicated a pause was possible at the
Should the data show that inflation is not letting up, we could see the market start to rethink what the Fed may do at its upcoming June policy meeting.
The following companies are expected to report earnings prior to market open on 05/26/2023. Visit our Earnings Calendar for a full list of expected earnings releases.PDD Holdings Inc. (PDD)is reporting for the quarter ending March 31, 2023. The internet company's consensus earni
The following companies are expected to report earnings after hours on 05/25/2023. Visit our Earnings Calendar for a full list of expected earnings releases.Costco Wholesale Corporation (COST)is reporting for the quarter ending May 31, 2023. The discount retail company's consens
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