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Nvidia (NVDA) Surpasses Q2 Earnings And Revenue Estimates

Nvidia (NVDA) Surpasses Q2 Earnings And Revenue Estimates

Nvidia (NVDA – Free Report) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.44%. A quarter ago, it was expected that […]
Conviction Is Low, On Both Sides Of The Table

Conviction Is Low, On Both Sides Of The Table

In the grand scheme of things, it can’t be too terribly surprising. After all, it is the dog days of summer. Traders aren’t terribly interested, and somewhat distracted by all the other things that require attention as August starts to molt into September. It would be surprising if the market was throwing out serious fireworks. […]
Wall Street – Island Of The Blessed

Wall Street – Island Of The Blessed

Which Disturbance in the Farce can be Profitably Ignored Today? There has been some talk about submerging market turmoil recently and the term “contagion” has seen an unexpected revival in popularity – on Friday that is, which is an eternity ago. As we have pointed out previously, the action is no longer in line with […]
The Auto Business Is Overall Business

The Auto Business Is Overall Business

Automobiles have come a long way in two decades. The import craze of this latest bout of globalization was in the car business handed an open door by a lack of quality, or perceptions about a lack of quality. The domestic auto industry in the seventies and eighties really did not shine its brightest. By […]
Emerging Markets Crater 2.93%

Emerging Markets Crater 2.93%

Emerging Markets – Stocks Fall Back On Wednesday Emerging markets – Wednesday reversed the gains from Tuesday as the S&P 500 was down 0.76%, the Nasdaq was down 1.23%, and the Russell 2000 was down 1.29%. The VIX was up 9.99% to 14.64. The good news is the CNN Fear and Greed index fell to […]
SEC Is Probing If Musk Tweeted About Tesla Deal To “Crush The Shorts”

SEC Is Probing If Musk Tweeted About Tesla Deal To “Crush The Shorts”

With every passing day, it is becoming increasingly likely that Musk’s “funding secured” tweet could end up the costliest in history, and could potentially land him, or others, in prison. Last week, before it was confirmed that the SEC had opened a probe into Tesla, by sending the company a subpoena inquiring into Musk’s actions, we […]
Market Talk- Thursday, August 16

Market Talk- Thursday, August 16

The uncertainty seen in US markets shook Asian indices with all markets opening lower. Fortunately, these proved to be the day’s lows and most markets rallied from there. The Nikkei even managed to move positive and remained around there for the whole afternoon trading. The Yen traded back to 111 handle, but was to regain […]
Stocks And Precious Metal Charts – Slow Down – Lessons Unlearned

Stocks And Precious Metal Charts – Slow Down – Lessons Unlearned

Stocks rallied as Walmart posted ‘better than expected’ results.  Nordstrom also beat after the bell, further juicing enthusiasm for retail trade. Gold and silver were bouncing quite a bit from the overnight lows but ended up with a little more modest gain over the close from yesterday. The precious metals are utterly oversold. They are […]
A Finally Larger EIA Print Emboldens Nat Gas Sellers

A Finally Larger EIA Print Emboldens Nat Gas Sellers

After a long string of EIA weekly storage reports that missed to the low side, this week the EIA announced a storage injection that was slightly larger than market expectations, quickly sending natural gas prices lower. The September contract settled down a bit over a percent on the day.  The Energy Information Administration announced that […]
Here’s How “External Dollar Debt” Produces An “Emerging Market Crisis”

Here’s How “External Dollar Debt” Produces An “Emerging Market Crisis”

Emerging market currencies are collapsing pretty much everywhere these days. But it’s safe to assume that most people don’t understand exactly what’s causing this outbreak, why it’s happening now, or what “external dollar debt” has to do with it. So here’s a quick primer followed by the obligatory apocalyptic prediction: Prelude: cheap dollar financing Pretend […]