JOBS DAY SELLOFF Nvidia, chip stocks hammered again HKSE - Delayed Quote • HKD (63093.HK) Follow Compare 0.010 -0.018 (-64.29%) At close: July 8 at 9:54 AM GMT+8 Related News Nvidia investors 'should get comfortable' with volatility Nvidia (NVDA) has seen some volatility recently with shares down in early trading on Friday. Wealth Enhancement Group senior portfolio manager Ayako Yoshioka joins Yahoo Finance to talk about earnings season and Nvidia's recent moves. "Sentiment and the earnings bar was very high going into earnings season," Yoshioka explains about Big Tech earnings, "you're seeing a lot of that sort of come out just because expectations were very high and the reports were okay, but nothing great." "With Nvidia, you have to be patient, you don't have to go all in right here, right now," Yoshioka says. "When momentum starts to roll both on the upside, as well as on the downside it tends to continue a little bit so... for investors we think you should get comfortable with some of the volatility." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Mariela Rosales. Amazon: 2 reasons why investors may want to stick with it Amazon (AMZN) reported mixed second quarter earnings on Thursday, August 1, as well as disappointing guidance for the third quarter. Wolfe Research global internet managing director Shweta Khajuria joins Yahoo Finance to discuss Amazon's results. "It is clear that Amazon is seeing pressure from consumer on higher ticket items," Khajuria says. "Our view, however, is twofold. One... as long as Amazon continues to gain share even when the growth is slowing, that's still a positive... Second, is that they're enhancing their position to gain share by delivering items faster." Khajuria notes that by delivering items faster, customers are buying lower-ticket items more frequently. Watch the video to hear why Khajuria is bullish on the stock. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Mariela Rosales. Snap stock plummets on weak Q3 outlook Snap Inc. (SNAP) reported disappointing second quarter earnings, falling short of revenue estimates. Adding to the negative sentiment, the company provided a disappointing outlook for the third quarter, sending shares down in Friday's trading session. Morning Brief anchors Seana Smith and Brad Smith break down the details, delving into the ongoing challenges facing the social media company. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith Intel CEO: We are going through our biggest restructuring in 40 years Intel shocks investors, plain and simple. Amazon stock tumbles 11% as profit, revenue outlook disappoints Amazon reported second quarter earnings after the bell on Thursday that offered investors a disappointing outlook on its business for the current quarter. Stocks sink on July jobs report, Amazon and Intel reports: Yahoo Finance Stock are sinking after the July jobs report missed expectations, adding just 114,000 jobs, with the unemployment rate jumping to 4.3%. Economists had expected the economy to have added 175,000 jobs and the unemployment rate to remain steady at 4.1%. Amazon and Intel (INTC) are weighing heavily on the overall market today. Amazon (AMZN) missed revenue expectations, saying customers were distracted by the recent busy news cycle. Intel shares are plunging after reporting earnings that missed expectations while also announcing plans to cut 15% of its workforce. We will speak with Intel CEO Pat Gelsinger at 10:40 a.m. ET today. Yahoo Finance trending tickers include Apple (AAPL), Moderna (MRNA), and Block (SQ). Key guests include: 8:30 a.m. ET - Joe Brusuelas, RSM Chief Economist & Marc Pinto, Janus Henderson Investors Head of Americas Equities9 a.m. ET - Julie Su, Acting U.S. Labor Secretar10:20 a.m.. ET - Jason Robins, Draftings CEO A mixed bag for Big Tech earnings: Asking for a Trend Big names in Big Tech such as Apple (AAPL) and Amazon (AMZN) reported their latest quarterly results with Apple beating expectations on the top and bottom lines while Amazon missed revenue expectations but beat profit expectations. Both reports give insight into the state of the consumer domestically and abroad which is still under pressure from inflation. Maxim Group Managing Director and Senior Consumer Internet Analyst Tom Forte joined to discuss Apple's earnings and give insight into its performance in China. The major indexes (^GSPC, ^DJI, ^IXIC) closed lower as Wall Street digests hotter-than-expected jobless claims data and a soft US manufacturing print. Coinbase (COIN) posted second quarter earnings, reporting revenue that more than doubled from a year ago. Transactional revenue for the company did jump 138%, however, it missed the 141% Wall Street expectation. Fintech companies are also in the spotlight as major players such as Block (SQ) and MicroStrategy (MSTR) report their quarterly earnings. Both companies fell short on revenue expectations. Benchmark managing director & senior research analyst of fintech and digital assets Mark Palmer joined the show to discuss the fintech space and what investors can expect moving forward. For more expert insight and the latest market action, click here Roku, Twilio, DraftKings: After-Hours Movers Shares of Roku (ROKU) are moving higher in after-hours trading on Thursday after the company reported its second quarter earnings, beating expectations for revenue, benefiting from strong ad sales. In addition, the company's guidance for the third quarter were in-line with Wall Street estimates. Shares of Twilio (TWLO) are jumping after the company reported its second quarter earnings, beating analyst expectations for both the top and bottom lines. In addition, the company's third quarter guidance for adjusted earnings per share came in higher than expected. DraftKings (DKNG) stock is moving slightly lower after it reported second quarter earnings with a revenue of $1.10 billion, up 26% year-over-year, but slightly missed expectations. The company announced an inaugural $1 billion share buyback program. The company did post adjusted earnings of $0.22 per share, beating consensus estimates of a loss of $0.01 per share. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino Will Apple's new AI features spur a new iPhone upgrade cycle? Apple (AAPL) released its third quarter report revealing it beat analysts' expectations on the top and bottom lines, although it showed a decline in iPhone sales year-over-year. Apple showed off its AI software update at its latest WWDC. Could it spur an iPhone upgrade cycle? Maxim Group managing director and senior consumer internet analyst Tom Forte joins Asking For A Trend to break down Apple's latest quarterly report and how the company will operate moving forward. Forte points out: "I think the ultimate story for Apple is that there will be an upgrade cycle for iPhones, which is still the most important product, half their revenue. The question is how quickly will that start? Because there were headlines recently suggesting that they're going to have new hardware for consumers, assumingly in September, but they may have to wait for a software update to get Apple Intelligence to work." Forte has a Hold rating on the stock: "Because you're looking at a PE north of 30 times versus the big tech peers, more like 27.5. And when you compare the iPhone trends before the 5G, there was actually a lot more pent up demand for new iPhones leveraging 5G networks then I believe there's pent up demand for artificial intelligence." However, he points out a challenge for Apple: "When you look at Europe, which is about 25% of revenue and China, which is about 19% of revenue, it doesn't appear that they're going to be able to launch Apple Intelligence any time soon." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend This post was written by Nicholas Jacobino Apple Q3 earnings beat estimates, China revenue falls short Apple (AAPL) reported third quarter results that topped Street estimates on both the top and bottom lines. Earnings of $1.40 per share topped estimates of $1.35. Revenue of $85.78 billion was better than the expected $84.46 billion. Greater China revenue was weaker than expected, $14.73 billion versus an estimate of $15.26 billion. All of Apple's individual units posted revenue that was better than the Street looking for, with the Services revenue coming in at $24.21 billion compared to the Street's estimate of $23.96 billion. Asking for a Trend anchors Josh Lipton and Julie Hyman recap the tech giant's results in the video above. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich. Apple beats Q3 expectations despite a decline in iPhone sales Apple reported better-than-anticipated earnings on Thursday, despite a decline in iPhone sales. Nasdaq drops amid Big Tech earnings, employment data US equities (^DJI, ^IXIC, ^GSPC) close Thursday in negative territory, the Nasdaq Composite experiencing a 2.3% drop ahead of Big Tech earnings after the bell. The S&P 500 and Dow Jones Industrial Average both fell by over 1% a piece. Julie Hyman and Josh Schafer review the headline events weighing on the major market indexes: Magnificent Seven earnings, expectations for the Federal Reserve to cut interest rates in September, and Friday's jobs data. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan. Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lower Chip stocks led a tech-fueled sell-off. Investing on interest rate cuts, jobless claims, auto loans: Wealth! The Federal Reserve announced that it would leave interest rates unchanged after the July FOMC meeting. In a press conference after the two-day policy meeting, FedChair Jerome Powell hinted a cut could be on the table for September. Many questions now arise as to how it will impact certain industries and finances, including auto loans and consumer discretionary sectors. Wells Fargo Investment Institute global investment strategist Veronica Willis joins the show to give insights into which sectors may benefit from a rate cut and may be a worthy addition to investor portfolios. Cox Automotive executive analyst Erin Keating joins the show to break down what could happen with auto loan rates if the Fed begins to cut rates in September. US initial jobless claims rose by 249,000 for the week ending on July 27, an 11-month high according to the US Department of Labor. What does this new record reveal about the labor market? In addition, see the best ways to improve your cybersecurity with the best defense against cyber attacks, as Cisco EVP and general manage of security and collaboration Jeetu Patel comes onto the show to break down best practices for cybersecurity. For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino. Chip stock earnings, Fed's rate cut path: Morning Brief US stocks (^DJI, ^IXIC, ^GSPC) are seeking further gains in Thursday trading on the back of expected Big Tech earnings that continue to roll out and the Federal Reserve's decision to hold interest rates. Seana Smith and Brad Smith lead investors into the market open, covering a wide array of stories and corporate earnings results. The Morning Brief welcomes former St. Louis Fed President Jim Bullard onto the program to talk about his views on the Fed's path forward to cut interest rates come the September FOMC meeting, noting the US labor market is on track to normalize rather than deteriorate. Yahoo Finance senior health reporter Anjalee Khemlani joins the show to break down Moderna's (MRNA) second quarter results and CEO Stéphane Bancel's comments on the European and US pharmaceutical markets. Other top trending tickers on the Yahoo Finance platform include Carvana (CVNA), Crocs (CROX), Arm Holdings (ARM), and the Hershey Company (HSY). This post was written by Luke Carberry Mogan. Is now truly a good time to buy an EV? Analyst explains Inflation and high ticket prices for electric vehicles has made it especially daunting for car buyers wishing to go green. Are there any incentives for purchasing an EV right now? Cox Automotive executive analyst Erin Keating joins Wealth! to give insight into whether or not it's truly a good time to purchase a new EV. "EVs are actually holding steady even if Tesla (TSLA) is losing some share. We've got some great competitors that have been coming on to the market. Again, this is a powertrain transition, It is a powertrain alternative. People do need to consider what is their comfort level with managing an EV, but we shouldn't be afraid of it," Keating tells Yahoo Finance. "There are great incentives right now on EVs, there are good leasing deals on EVs." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino Stock Market Takes Bearish Turn; Apple, Microsoft, Meta, Amazon, AMD In Focus: Weekly Review The stock market took a bearish turn amid economic fears. Apple and Meta had strong results, while AI spending remains robust. Why Atlassian Stock Plunged to 52-Week Lows Today Growth is slowing and AI expenses have gone up. Why Snap Stock Was Plunging Today Snap's quarterly results weren't strong enough to please Wall Street. Jobs Report: Unemployment Jumps, Setting Up Big Fed Rate Cut; S&P 500 Dives The July jobs report confirmed fears that the economy could be in for a sharp slowdown. Markets expect faster Fed rate cuts, but the S&P 500 fell.
