Live Updates
Live Coverage Has EndedGet The Best NVIDIA Live Earnings Coverage Like This Every Quarter
Get earnings reminders, our top analysis on NVIDIA, market updates, and brand-new stock recommendations delivered directly to your inbox.
Click Here - It's Free Thank you for subscribing! Keep an eye on your email for updates. By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you. You can unsubscribe at any time. For more information, please review our Disclaimer and Terms of Use.Nasdaq Futures Still Point to Strong Monday
Nov 17, 2024 11:15 PM | Eric Bleeker
While Dow Jones Futures remain flat (down .03% as of 11:15 p.m. ET), Nasdaq Futures continue to point toward a strong open on Monday.
Nasdaq Futures are currently up 141 points, or .69%.
Tesla Jumping After Hours
Nov 17, 2024 11:10 PM | Eric BleekerTesla (Nasdaq: TSLA) has been rallying on the belief the Trump Administration would be a boon for the company. Reports out Sunday night are leading to a rally in Tesla’s shares.
Bloomberg reports that the Trump transition team is prioritizing a framework for autonomous (self-driving) vehicles.
Since Elon Musk has made a ‘robotaxi’ network of autonomous vehicles a key strategy for Tesla, a clearer regulatory environment would benefit the company.
Earnings to Watch This Week
Nov 17, 2024 9:51 PM | Eric BleekerEarnings season is almost over, but there are a few key earnings to watch this week that aren’t NVIDIA.
- Palo Alto Networks: Reports on Wednesday. The cybersecurity kingpin is up 34% year-to-date.
- Walmart: Reports on Tuesday. Earnings are expected to come in at $.53 per share while sales hit $166.6 Billion.
- Ross Stores: Another consumer stock to watch, Ross is expected to reported earnings of $1.40 per share and sales of $5.1 billion.
As of 9:10 p.m. ET on Sunday night, Nasdaq Futures are up .55%. Let’s take a peak at where markets might open on Monday morning:
nextstayCCSettingsOffArabicChineseEnglishFrenchGermanHindiPortugueseSpanishFont ColorwhiteFont Opacity100%Font Size100%Font FamilyArialText ShadownoneBackground ColorblackBackground Opacity50%Window ColorblackWindow Opacity0%WhiteBlackRedGreenBlueYellowMagentaCyan100%75%50%25%200%175%150%125%100%75%50%ArialGeorgiaGaramondCourier NewTahomaTimes New RomanTrebuchet MSVerdanaNoneRaisedDepressedUniformDrop ShadowWhiteBlackRedGreenBlueYellowMagentaCyan100%75%50%25%0%WhiteBlackRedGreenBlueYellowMagentaCyan100%75%50%25%0%- Dow Jones Industrial Average Futures: Up 21.00 (+.05%)
- S&P 500 Futures: Up 13.50 (+.23%)
- Nasdaq Futures: Up 121.50 (+.59%)
There are a couple of key storylines to watch in the market this week.
1.) NVIDIA Earnings on Wednesday
NVIDIA (Nasdaq: NVDA) is reporting earnings on Wednesday, here’s what the market is currently expecting:
| Financial Metric | Wall Street Estimate |
| Revenue | $33.07 Billion |
| Net Income (Adjusted) | $18.44 Billion |
| EPS (Normalized) | $.74 per Share |
| Free Cash Flow | $16.38 Billion |
All data above provided by S&P Capital IQ.
Simply meeting the numbers above will be seen as a disappointment for NVIDIA. The company has a history of beating the estimates of Wall Street sell-side estimates and the actual expectations of buy-side investors (the people actually investing billions of dollars)are generally higher than published numbers you’ll read in the media.
Commentary from NVIDIA’s earnings call will also be scrutinized. There were more reports this weekend NVIDIA could face delays on its next-generation Blackwell systems, which are struggling with overheating. NVIDIA will provide more details on the demand they’re seeing across 2025 and also their ability to scale up to meet that demand.
.ntv-moap { position: relative; padding: 10px 0; background-color: #fff; border-top: 1px solid #ddd; border-bottom: 1px solid #ddd; overflow: hidden; margin: 20px auto; width: 100%; } .ntv-moap a { border-bottom: none !important; text-decoration: none !important; } .ntv-moap .ntv-img { position: relative; width: 42%; float: left; } .ntv-moap .ntv-img img { width: 100%; height: auto; } .ntv-moap .ntv-txt { padding-left: 10px; margin-left: 42%; line-height: 0; text-align: left !important; } .ntv-moap .ntv-disc { color: var(--slick-site-color, #777); text-transform: uppercase; font-size: 14px; line-height: 21px; font-weight: 700; } .ntv-moap h3 { font-size: 22px; line-height: 24px; font-weight: 700; text-transform: none; margin: 8px 0; color: #111; clear: none !important; } .ntv-moap .ntv-byline { font-size: 14px; line-height: 21px; font-weight: 700; color: #777; margin: 0; } .ntv-moap .ntv-img { line-height: 0; } .ntv-moap .ntvAdChoicesImg { position: absolute; top: 0; right: 0; width: 16px !important; height: 16px !important; z-index: 2; } @media screen and (max-width: 600px) { .ntv-moap .ntv-img { width: 100%; float: none; } .ntv-moap .ntv-txt { margin: 0; padding-left: 0; padding-top: 5px; } .ntv-moap h3 { font-size: 19px; margin: 4px 0; } } /* recipe section and sidebar */ .adthrive-recipe .ntv-moap .ntv-img, .adthrive-sidebar .ntv-moap .ntv-img { width: 100%; float: none; } .adthrive-recipe .ntv-moap .ntv-txt, .adthrive-sidebar .ntv-moap .ntv-txt { margin: 0; padding-left: 0; padding-top: 5px; } .adthrive-recipe .ntv-moap h3, .adthrive-sidebar .ntv-moap h3 { font-size: 19px; margin: 4px 0; } /* extra css to ensure iframe is hidden */ .ntv-moap + [id^="google_ads_iframe_"] { display: none !important; }
Strategic Alternatives Podcast: RBC Experts on M&A, Healthcare, and More
By RBC Capital Markets
In addition, Wall Street continues to project healthy margins for the company. After last quarter’s earnings report, NVIDIA’s stock fell the next day mostly due to fears around margins.
NVIDIA’s earnings now shape the direction for dozens of companies adjacent to the AI space. So, Thursday could be a very wild day in the technology space.
2.) Trump Appointees in Focus
Donald Trump is currently nominating members for his new Administration. While many have a nominal impact on the stock market, one that could shift the market in a big way this week is his nomination for Treasury Secretary.
Wall Street appears to be favoring Scott Bessent, a former Hedge Fund manager. However, Elon Musk and others in Donald Trump’s orbit have endorsed Howard Lutnick. As of Sunday night, betting markets favor Bessent at a 42% chance while Lutnick is slightly lower at 29%.
Of course, the nomination could also come out of ‘left field.’ Donald Trump is reportedly now weighing Kevin Warsh as a nominee. Regardless, investors are closely watching Treasury nominees and stocks could sell off if someone is seen as unqualified or backing economic policies seen as too harmful (such as excessive tariffs).
"The Next NVIDIA" Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA's historic run, your chance to see life-changing profits from AI isn't over.
The 24/7 Wall Street Analyst who first called NVIDIA's AI-fueled rise in 2009 just published a brand-new research report named "The Next NVIDIA".
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
Get Report Now » It's Free Thanks! We will redirect you shortly to the free report! By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you. You can unsubscribe at any time. For more information, please review our Disclaimer and Terms of Use.
