Skip to main content

Why Investors Should Keep an Eye on Nvidia, Pinterest and Luckin

Publish date:
Video Duration:

It's finally Friday.

Action Alerts PLUS senior analyst Jeff Marks joins TheStreet to break down some of the top headlines in the market. 

Nvidia Post-Earnings

Real Money Stock of the Day Nvidia (NVDA) - Get NVIDIA Corporation Report posted earnings that beat expectations after the bell Thursday.

Adjusted earnings in Nvidia's first quarter were 88 cents a share, beating forecasts by 30 cents. Revenue fell to $2.22 billion from $3.21 billion a year ago and came in roughly in-line with forecasts of $2.2 billion. Gaming revenue of $1.06 billion beat forecasts, while data center revenue declined 10% from a year earlier to $664 million.

Last night, right before the earnings call, shares of Nvidia were up nearly 7%. However, after the call started and CFO Collette Kress disclosed that Nvidia would be going from yearly guidance to quarterly guidance, shares were only up around 2%.

Pinterest Post-Earnings

Pinterest (PINS) - Get Pinterest Inc. Class A Report failed to impress investors when the company released its first earnings report.

The adjusted loss in the quarter narrowed to 32 cents a share from 38 cents a year earlier but was wider than forecasts that called for a loss of 11 cents.

Revenue in the first quarter rose 54% to $202 million, ahead of analysts' estimates of $200.7 million.

The company promptly fell 15% in after-hours trading Thursday night.

Luckin's Gearing Up for Its IPO

Luckin Coffee's (LK) - Get Luckin Coffee Inc. Report initial public offering was priced at the higher end of its target range, setting up a debut Friday on the Nasdaq that will value the China-based rival to Starbucks (SBUX) - Get Starbucks Corporation Report at more than $4.2 billion.

Related. Jim Cramer: A Surprisingly Predictable Selloff

Watch Jim Cramer's Daily NYSE Show and Replays Below

Related Videos