From Nasdaq: 2024-11-19 18:32:00

Market indexes rebounded from a steep drop at today’s trading open due to escalating tensions in the Russia/Ukraine war. NVIDIA’s stock is up 4.89% ahead of earnings, while Super Micro Computer surged 32.9% after avoiding delisting. The Dow closed down 0.31%, Nasdaq up 1.04%, and bond yields stable.

NVIDIA is expected to report 85% earnings growth and 82.66% revenue growth, with analysts anticipating its eighth-straight earnings beat. The company holds a Zacks Rank #1 (Strong Buy) and has seen shares increase nearly 200% year to date, solidifying its position as the world’s largest publicly traded company.

SpaceX attempted to land its Starship booster in the ocean for reuse, but the rocket crashed off the coast of Boca Chica, TX. Elon Musk’s previous successes have led to a 58% increase in Tesla stock over the past month. President-elect Trump was present during the unsuccessful landing attempt.



Read more at Nasdaq: Big Expectations for NVIDIA Earnings, SpaceX Booster Makes a Splash