Nvidia's Earnings Soar, Bitcoin Hits $94K, and Retail Woes Deepen

Wednesday 11/20/2024

Time is money. Short reads to stay updated.

🚀 Nvidia: Massive Q3, Stock Slides

• Q3 Revenue: $35.1B (beat $33.2B forecast)

• Q4 Projection: $37.5B (slightly above estimates).

• Despite the strong results, shares fell as investors voiced concerns over slowing growth and AI market saturation.

💰 Bitcoin Hits $94,000

• Record high fueled by Trump’s pro-crypto stance.

• Crypto markets are buzzing with optimism.

📉 Target Tumbles 21%

• Missed Q3 earnings expectations.

• Lowered full-year outlook due to weaker sales.

• Retail struggles intensify.

🤝 Marc Rowan as Treasury Secretary?

• Apollo Global CEO Marc Rowan emerges as front-runner.

• Meeting with President-elect Trump scheduled today.

📉 Layoffs Continue

• Meta, ExxonMobil, Boeing cut tens of thousands of jobs.

• Economic uncertainty persists.

📈 Williams-Sonoma Shines

• Shares up 25% after strong Q3 profits.

• Success attributed to innovative inventory strategies.

📊 Snowflake Surprises

• Q3 Sales: $942M (beat $899M forecast)

• EPS: 20 cents (above 15-cent estimate).

• Tech investors stay bullish.

📉 Fed Signals Rate Cuts?

• Governor Lisa Cook suggests possible reductions.

• Policy remains data-driven heading into 2025.

📺 Comcast Streamlines

• Plans to spin off NBCUniversal cable TV networks.

• Investors respond positively.

🛒 Retail Sector in Focus

• TJX Companies: Mixed Q3 results.

• Palo Alto Networks: Stock declines post-earnings.

• Target: Struggles highlight broader challenges.

📬 Market Quick Stats

• Dow Jones: +0.3%

• NASDAQ: +1.2%

• S&P 500: +0.6%

💡 Takeaway:
AI and crypto shine while retail falters. Watch for fiscal policy shifts as 2025 approaches.

— The Hamilton Team