NVDA Jan 2025 1660.000 call
- Yahoo Finance
Nvidia earnings, revenue expected to surge first quarter as AI trade faces latest test
Nvidia will report its fiscal Q1 earnings after the bell on Wednesday in a crucial report for both the AI trade and broader stock market.
- Yahoo Finance Video
Lowe's and Macy's earnings, FDIC chair resigns: Morning Brief
The Morning Brief Co-Hosts Seana Smith and Brad Smith are watching markets (^DJI, ^IXIC, ^GSPC) this morning as the major averages search for direction Tuesday morning. Retailers Macy's (M) and Lowe's (LOW) reported earnings beats for their first quarters this morning, each revealing something about US consumer spending in respective retail categories. Charles Schwab Chief Investment Strategist Liz Ann Sonders breaks down Wall Street's expectations for Nvidia's (NVDA) earnings tomorrow and the future for interest rate cuts by the Federal Reserve. Amer Sports (AS) CFO Andrew Page sits down with Yahoo Finance to talk about how consumers are flocking to the company's more "premium" apparel brands in its portfolio. FDIC (Federal Deposit Insurance Corporation) Chair Martin Gruenberg has resigned from his position after Congressional inquiries into reports of sexual misconduct and a toxic environment at the agency and pressure by lawmakers to step down. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Fed rate cut speculation is a 'parlor game': Schwab's Sonders
As Nvidia prepares to report its first quarter earnings this week, Charles Schwab Chief Investment Strategist Liz Ann Sonders joins Morning Brief to discuss how the bullish AI sentiment is driving the broader market (^DJI,^GSPC, ^IXIC). Sonders calls Nvidia a "poster child for the AI boom," adding that it is the best performer within the "Magnificent Seven." "I think it's important we know the bar is set high, so I think an extrapolation problem could develop, but whether that starts tomorrow is hard to say," Sonders warns. She says there has been "much more dispersion" within the Magnificent Seven. However, she still expects a larger-cap bias to exist within the market. With the Dow Jones and Nasdaq recently hitting record highs, Sonders points to three sectors that are outperforming ratings: financials, materials, and energy. On the other hand, she says that real estate and consumer discretionary are underperforming while everything else is neutral. As all eyes are on the Federal Reserve's next interest rate move, Sonders calls the speculation of a rate cut a "parlor game." "Data dependency means that it's going to depend on the data. I think 'patience' is the word of the day," she says. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
