Stocks Like Rising Yields, Wait What?
Portfolio Pulse from GRIT Capital
NVIDIA's earnings are expected to hit $2.07, up 305% from last year, making it the best performing stock in the S&P 500 this year. However, if they miss, the entire stock market could go down. Sales of existing US homes fell 2.2% in July, the lowest level since January. Standard and Poor's cut ratings for 5 US banks due to the squeeze on liquidity. Goldman Sachs identified 11 near-term beneficiaries of the AI revolution. Iran will continue to raise its oil production, while Goldman predicts lower global stocks will boost oil prices. Dick's Sporting Goods missed top and bottom line estimates for the first time in 3 years.
August 23, 2023 | 4:40 pm
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NEGATIVE IMPACT
Dick's Sporting Goods missed top and bottom line estimates for the first time in 3 years.
Dick's Sporting Goods missed their earnings estimates, which could lead to a decrease in their stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
NVIDIA's earnings are expected to hit $2.07, up 305% from last year. If they miss, the entire stock market could go down.
NVIDIA's earnings are expected to significantly increase, which could lead to a rise in its stock price. However, if they miss their earnings, it could negatively impact the entire stock market.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100