Nvidia (NASDAQ:NVDA): Q3 Non-GAAP EPS of $1.84 beats by $0.13; GAAP EPS of $1.97 beats by $0.26.Revenue of $3.18B (+20.5% Y/Y) misses by $60M.
Asked if she’ll stay as U.K. Prime Minister even if she survives a no-confidence vote by only one vote, Theresa May responds: “Am I going to see this through? Yes.”
October Retail Sales: +0.8% M/M vs. +0.5% consensus, -0.1% prior (revised from +0.1%). The monthly jump was the biggest since May.
Stocks rebounded in another volatile session, as U.S.-China trade optimism and strength in tech stocks helped the S&P 500 snap a five-day losing streak.
Nvidia (NASDAQ:NVDA) plunges 16.6% on Q3 results that beat EPS estimates with a reported $1.84 but missed on revenue with $3.18B. The report included downside guidance and the absence of cryptocurrency mining, which also took out AMD’s (NASDAQ:AMD) -6.6% last earnings report.
Applied Materials (NASDAQ:AMAT) drops 3.3% on Q4 results that beat on revenue with a reported $4.01B (+1% Y/Y) but met on EPS with $0.97. But the report included downside guidance, a near-term headwind mention, and Semiconductor Systems revenue that missed estimates.
Applied Materials (NASDAQ:AMAT): Q4 Non-GAAP EPS of $0.97 in-line; GAAP EPS of $0.89 misses by $0.06 .
The average price target on Netflix (NFLX +0.9%) is up 5.2% to $400 since the streamer reported Q3 results on October 16.
Leading Brexiter Jacob Rees-Mogg submits a letter of no confidence in British Prime Minister.Rees-Mogg says the draft withdrawal bill was worse than expected and failed to meet promises made by May, the Financial Times reports.
Shares in U.K. retail banks and homebuilders dropped sharply this morning after the resignation of Brexit secretary Dominic Raab, as well as Work and Pensions Secretary Esther McVey and junior Brexit minister Suella Braverman.
“Now is a good time to take stock of how we formulate, conduct, and communicate monetary policy,” says Fed Chairman Jay Powell, announcing an imminent broad review, with results expected about mid-2019.
Fallout continues from yesterday’s New York Times piece probing missteps and crises at Facebook (FB -0.3%), with the company’s board weighing in on the matter.
Facebook (NASDAQ:FB) posts a lengthy response to yesterday’s NYT report detailing how CEO Mark Zuckerberg and COO Sheryl Sandberg “stumbled” during the bumpy past year at the company.
CNBC sources say David Tepper’s Appaloosa Management sold its Apple (AAPL +1.6%) position since the end of Q3.
Stocks are off to another weak start, as the implications of a potential hard Brexit for financial markets weigh on investor sentiment; S&P -0.4%, Dow -0.3%, Nasdaq -0.1%.
Pierre Andurand earlier this year said oil was soon going to $100 per barrel. That prediction didn’t age well, and his $1B Andurand Commodities Fund last month lost 20.9%, reports the WSJ.
EIA Petroleum Inventories: Crude +10.3M barrels vs. +3.2M consensus, +5.8M last week.Gasoline -1.4M barrels vs. -1.5M consensus, +1.9M last week.
The FDA confirms that it will restrict the sales of flavored e-cigarettes to minors and pursue a national ban on menthol cigarettes as well as flavored cigars.
Hedge-fund billionaire Ray Dalio says the Federal Reserve has raised rates to a point where it’s hurting asset prices.
EIA Natural Gas Inventory: +39 Bcf vs. +33 Bcf consensus, +65 Bcf last week.Futures -10.96% to $4.303.