It's almost Friday.
Nvidia's Earnings After the bell
Nvidia (NVDA - Get Report) is Real Money's Stock of the Day as all eyes turn towards the earnings report that will be released after the bell. In late January, Nvidia warned investors that quarterly revenue would fall well short of forecasts, at $2.2 billion versus earlier guidance of $2.7 billion, due to softer-than-expected demand for its gaming and datacenter products as well as slowing growth in China.
TheStreet's Annie Gaus has three things that she's watching:
Here are the top three things that Gaus is watching:
- Turing Updates
- Datacenter Slowdown
- Positive Signs From Automotive and Other Segments
Coca-Cola released earnings before the bell Thursday.
TheStreet's Martin Baccardax reported that Coca-Cola (KO - Get Report) posted fourth quarter profits that were largely in-line with analysts' forecast, but noted that 2019 organic revenue growth would slow and comparable earnings would likely remain flat thanks, in part, to a stronger U.S. dollar.
Coca-Cola said earnings for the three months ending in December came in at 43 cents per share, rising 9% from the same period last year and matching the Street consensus forecast. Group revenues, Coca-Cola said, fell 6% to $7.1 billion and narrowly beat the consensus estimate of $7.06 billion.
Move over, Bitcoin.
JPMorgan Chase (JPM - Get Report) will issue the first ever cryptocurrency by a U.S. bank, marking a significant change in tack for CEO Jamie Dimon, who once threatened to fire any employee he found trading bitcoin, reported Baccardax.
The new digital currency will be redeemable for one U.S. dollar each, CNBC reported, and will be used to develop the bank's payments business over blockchain technology. Once the issued coins are spent through the payment system, they will be destroyed and redeemed for the same value as they were purchased, according to CNBC.