The Zacks Consensus Estimate for current-year earnings has improved 8.6% over the last 30 days. NVIDIA has an expected earnings growth rate of more than 100% for the current year (ending January 2024). Management sees third-quarter revenues of $16 billion versus the Zacks Consensus Estimate of $12.34 billion. This compares to year-ago revenues of $6.7 billion. NVDA posted revenues of $13.51 billion for the quarter, outpacing the Zacks Consensus Estimate by 20.89%.
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( NVDA Quick Quote NVDA - Free Report) reported second-quarter fiscal 2024 adjusted earnings of $2.70 per share, surpassing the Zacks Consensus Estimate of $2.09. V currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the last 30 days.
Visa has an expected earnings growth rate of 12.8% for the current year (ending September 2024). This expansion of V includes collaboration with prominent merchant acquirers Worldpay and Nuvei, marking a pivotal development in the world of digital payments. In a move aimed at enhancing the efficiency of global transactions, V is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain. ( V Quick Quote V - Free Report) is taking a significant step toward modernizing cross-border money movement. Cryptocurrencies may face volatility in the near-term as the Fed has already warned that a further hike in interest rate is possible as the inflation rate is currently more than double that of the central bank’s 2% target rate. A higher risk-free market interest rate is detrimental to growth stocks like technology, consumer discretionary and cryptocurrencies.Īs a result, prices of cryptocurrencies like Bitcoin ( BTC), Ethereum ( ETH), Cardano ( ADA) and Dogecoin ( DOGE) and Litecoin ( LTC) remained rangebound. dollar Index rose to a six-month high at 104.90. Treasury Note climbed 14 basis points to 4.373%. This yield is loosely linked to interest rate movement. Treasury Note jumped 10 basis points to 5.02%. Treasury Note rose 2 basis points to 4.292%. Moreover, on Aug 6, the yield on the benchmark 10-Year U.S. This will make the task of the Fed more difficult for a soft landing of the U.S. Higher oil prices will directly affect the transportation sector, which in turn will raise the general price level. Investors are concerned that higher crude oil prices will result in higher inflation. Crude oil prices spiked on Sep 5, following the decision of Saudi Arabia to extend its daily production cut decision until the end of 2023. The Fed’s September FOMC meeting will be the key focal point this month in the absence of earnings results. stocks have witnessed volatile trading in the first week of this month. September is historically the worst-performing month on Wall Street. Market participants remain worried about how markets will behave this month. stock markets faced major setbacks for the first time in 2023. Volatility has resurfaced on Wall Street.
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