Coffee With Greta: Waiting For Nvidia


Register now for the next free trading Q&A on LinkedIn with crypto expert and trader John Divine!

DJIA Futures: +204 (+0.6%)

SPX Futures: +33 (+0.7%)

NASDAQ Futures: +159 (+1.1%)

Good morning friends!

Futures are higher as the rally continues.  

Let’s get right to it!

Nvidia Earnings Day

Nvidia (NVDA) shares are slipping 0.8% in premarket trade as traders look ahead to the chipmaker’s earnings report later today. 

The company is scheduled to report Q3 earnings after the market closes. 

The stock closed at a fresh all-time high of $504.09 per share on Monday. 

Analysts are expecting Nvidia to report year over year revenue growth of 170% and to forecast Q4 revenue growth of nearly 200%. 

The company does not typically provide full-year guidance but focus will be on any comments about demand in 2024.  

Lowe’s Drops On Revenue Miss, Guidance Cut

Lowe’s (LOW) shares are down 3.7% ahead of the open after reporting mixed Q3 results and cutting its outlook.

Here’s how the home improvement retailer’s results compared to analysts’ estimates:

  • EPS: $3.06 vs $3.02 expected
  • Revenue: $20.5 billion vs $20.9 billion expected

Same-store sales dropped 7.4% from a year ago vs the 5.4% drop analysts were expecting.

Lowe’s slashed its full-year outlook as sales continue to slow. 

The retailer now expects EPS of $13 per share on $86 billion in revenue. 

That’s down from the previous forecast for EPS of $13.20 to $13.60 on $87 billion to $89 billion in revenue. 

Kohl’s Slips As Same-Store Sales Drop

Kohl’s (KSS) shares are falling 5.2% in premarket trade after beating Q3 profit expectations but missing on sales. 

Here’s how the retailer’s results compared to analysts’ estimates: 

  • EPS: $0.53 vs $0.35 expected
  • Revenue: $3.843 billion vs $3.988 billion expected

Same-store sales dropped 5.5% year over year vs expectations for a 3.8% decline. 

Kohl’s also narrowed its full-year outlook following the sales miss. 

The company now expects EPS of $2.30 to $2.70 vs $2.10 to $2.70 previously. 

Full-year net sales are expected to decline 2.8% to 4% vs previous expectations for a 2% to 4% drop.

Leave a Comment: