Down nearly 40% from highs above $300 last November, now might be a good time to take a longer look at the software giant. Investors will get some confirmation of this when the company reports second quarter fiscal 2022 earnings results after the closing bell Wednesday.
Nvidia (NVDA) Q2 2022 Earnings: What to Expect
The semiconductor specialist will report second quarter fiscal 2022 earnings results after Wednesday’s closing bell.
Stocks making the biggest moves premarket: Petco, Brinker International, Nordstrom
Stocks making the biggest moves premarket: Petco, Brinker International, Nordstrom
Stocks making the biggest moves midday: Twitter, Zoom, Palo Alto Networks, Macy’s and more
These are the stocks posting the largest moves in midday trading.
Nordstrom cuts full-year forecast, citing slowing customer demand
Nordstrom slashed its financial forecast for the full year as the department store chain faces slowing sales and a glut of inventory.
Dick’s Sporting Goods boosts 2022 outlook after second-quarter earnings top estimates
Dick’s Sporting Goods reported quarterly earnings and revenue that topped analysts‘ expectations and boosted its financial outlook for the year.
Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending
Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel.
US MBA mortgage applications w.e. 19 August -1.2% vs -2.3% prior
<ul><li>Prior -2.3%</li><li>Market index 270.1 vs 273.3 prior</li><li>Purchase index 202.8 vs 203.8 prior</li><li>Refinancing index 609.8 vs 627.1 prior</li><li>30-year mortgage rate 5.65% vs 5.45% prior</li></ul><p style=““ class=“text-align-justify“>There was a notable jump in the average rate for home loans in the past week, following the move higher in bond yields as well. But I wouldn’t pin that as the main cause for yet another weekly decline in mortgage activity as the data continues to underscore a deterioration in housing market conditions in general. The trend has been persisting for a while now and eventually, someone on one side of <a target=“_blank“ href=“https://www.forexlive.com/news/the-divergence-of-opinion-on-us-housing-between-markets-and-industry-is-180-degrees-20220816/“ target=“_blank“>this debate</a> has to be right.</p><p>/<a target=“_blank“ href=“https://www.forexlive.com/terms/u/us-dollar/“ target=“_blank“ id=“fddda8f4-d5f8-4ee4-8e34-3760ed062f3c_1″ class=“terms__main-term“>US dollar</a></p>
This article was written by Justin Low at www.forexlive.com.
Dollar pushes higher on the session
<p style=““ class=“text-align-justify“>The news flow has been light in European morning trade but in the big picture, the focus this week is on Fed chair Powell’s speech at Jackson Hole. There are murmurs of a more hawkish message and we are seeing some positioning flows accompany that now with the greenback nudging higher.</p><p style=““ class=“text-align-justify“>EUR/USD is down 0.5% to 0.9918 and inching towards 0.9900 again while GBP/USD is also down 0.5% to 1.1774 after hovering around 1.1800 earlier in the day. I highlighted the technical considerations for both pairs earlier <a target=“_blank“ href=“https://www.forexlive.com/news/eurusd-downside-bias-remains-intact-awaiting-powell-later-in-the-week-20220824/“ target=“_blank“>here</a> and <a target=“_blank“ href=“https://www.forexlive.com/news/gbpusd-not-down-for-the-count-just-yet-20220824/“ target=“_blank“>here</a> respectively.</p><p style=““ class=“text-align-justify“>Elsewhere, AUD/USD is down 0.5% to 0.6895 while USD/CAD is up 0.3% to near 1.3000 again even as oil prices are seen slightly higher on the day.</p>
This article was written by Justin Low at www.forexlive.com.
German cabinet approves energy-saving measures
<p style=““ class=“text-align-justify“>Part of the measures is limits on lighting in public spaces. With some parts of Europe set to face the potential for power rationing or rolling blackouts this coming winter, Germany is actively trying to avoid that but we’ll see if these measures will be enough. In any case, soaring energy prices on its own already won’t be of much comfort. The year-ahead baseload power price in Germany has crossed €600/MWh again today.</p>
This article was written by Justin Low at www.forexlive.com.