Nvidia experienced a decline of about 7% after hours following its quarterly report. Bob Pisani of CNBC TV noted that it was becoming harder for Nvidia to impress Wall Street as the beats became more narrow. The stock is about 11% down from its June high, showcasing the challenges faced by the company.
In contrast to Nvidia, Salesforce saw a 4% increase in its stock after hours. The company exceeded expectations in its earnings and revised its guidance upwards. CEO Marc Benioff expressed his optimism regarding how companies can leverage AI with Salesforce’s technology. Despite being 19% down from its March high, Salesforce managed to maintain a positive outlook.
CrowdStrike faced a downturn of more than 2% after reporting its earnings. Even though its fiscal second-quarter results were positive, the cybersecurity giant had to cut its guidance, leading to uncertainty surrounding its stock. The CEO, George Kurtz, is set to discuss the company’s performance with Jim Cramer, potentially shedding light on their future strategy.
Steve Liesman from CNBC will delve into the predictions of top bond experts regarding the asset class. With the 10-year Treasury note yielding 3.83% and the two-year Treasury note at 3.86%, the significance of these yields being in close proximity will be explained. Various other Treasury bill yields and ETF yields will also be analyzed, offering insights into the bond market.
Intel faced a decline of 4.5% over three days, resulting in a 36% decrease in August. The stock is now 62% below its high from December 27, indicating significant struggles for the company. Tom Rotunno discussed Intel’s performance, highlighting the challenges it’s currently facing in the market.
Walgreens hit a new 52-week low, closing at $9.38 and showing signs of being oversold with an RSI of 29. The stock hasn’t been at this low level since October 1996, underlining the historical significance of its current position. Despite this, analysts have mixed ratings for the stock, with opinions varying on its future performance compared to competitors like CVS.
Several retailers are set to release their quarterly reports, with American Eagle, Best Buy, Burlington Stores, Dollar General, Gap, Lululemon, and Ulta Beauty all experiencing different performances in the past few months. With some stocks up and others down, the market remains volatile for these retail giants.
The “Fast Money” traders discussed the differentiation between gold and bitcoin, noting that gold has recently outperformed bitcoin. While gold saw a 7% increase in a month, bitcoin faced a 13% decline. This comparison sheds light on the changing dynamics of the cryptocurrency market.
Overall, the post-market trading landscape presents a mix of challenges and opportunities for investors, with various stocks experiencing volatility and uncertainty. It is crucial for traders to stay updated on these developments to make informed decisions in the ever-changing market environment.