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π· Wake up Europe
In corporate news, attention is on BHP Group as the mining giant faces a tight deadline to initiate a significant acquisition offer for Anglo American, or it must delay its ambitious takeover strategy. Economically, the focus extends beyond the UK inflation report to include the UK's retail price index and public finance data. Additional economic indicators include the Consumer Price Index from South Africa and monthly car sales data from Europe. Meanwhile, Erik Thedeen, Governor of the Swedish Riksbank, is scheduled to speak. In the United States, the release of the Federal Open Market Committee (FOMC) minutes is anticipated.
π· Could weak earnings stop this AI force of nature?
$NVDA (NVIDIA Corporation) βs strong market position means even weak earnings wonβt halt AI. Analysts expect substantial revenue and guidance, potentially impacting the broader market. Meeting high expectations may not prevent stock volatility.
π· Watch UK inflation reading
Today's UK inflation report could guide BOE rate decisions. April CPI likely slowed, nearing 2% target. ECB President Lagarde hints at possible rate cuts as consumer price growth stabilizes.
π· New highs for NASDAQ and S&P 500
$NSDQ100 and $SPX500 hit record highs, driven by optimism around $NVDA earnings. Nasdaq rose 0.2%, S&P 500 up 0.3%, $DJ30 gained 0.2%.
π· Urban Outfitters
$URBN (Urban Outfitters Inc.) shares rose nearly 8% after Q1 earnings beat expectations, reporting 69 cents per share on $1.2 billion revenue.
π· Viasat
$VSAT (Viasat Inc.) shares fell 13% post-Q4 earnings, with an 80-cent loss per share despite beating revenue expectations of $1.15 billion.
π· Haemonetics
$HAE (Haemonetics Corp.) stock dropped 8% after announcing a $525 million convertible senior notes offering due 2029.
π· Toll Brothers
$TOL (Toll Brothers Inc) shares increased over 1% after Q2 earnings surpassed forecasts, posting $4.55 per share on $2.65 billion revenue.
What to Watch
π· NVIDIA's Earnings to Influence Markets
$NVDA is set to release Q1 earnings, with high expectations for revenue growth and EPS. Analysts maintain a strong buy rating despite valuation concerns. Meeting demand through secure supply chains is crucial.
π· Target's Earnings Outlook
$TGT (Target Corp) is expected to show modest sales growth and adjusted earnings projections in its Q1 report, following strategic price reductions.
β οΈPlease note, this is not investment advice.
β οΈ Past performance is not indicative of future results.... Show More
@etoroinvestment hi team, since the app update a week ago I now can't see the graph that was on the Financials tab? Can this be kindly looked into? ... Show More