{"id":67848,"date":"2023-05-09T09:03:08","date_gmt":"2023-05-09T13:03:08","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=67848"},"modified":"2023-05-09T09:03:08","modified_gmt":"2023-05-09T13:03:08","slug":"coffee-with-greta-traders-await-inflation-data","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/05\/09\/coffee-with-greta-traders-await-inflation-data\/","title":{"rendered":"Coffee With Greta: Traders Await Inflation Data"},"content":{"rendered":"

DJIA Futures: <\/b>-83 (-0.2%)<\/span><\/p>\n

SPX Futures: <\/b>-16 (-0.4%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-74 (-0.6%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are falling as traders digest the latest earnings ahead of key inflation data on Wednesday.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

PayPal Slips Despite Earnings Beat<\/span><\/h2>\n

PayPal <\/b>(PYPL) shares are down 6.9% in premarket trade despite beating Q1 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

Here\u2019s how the digital payments company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • EPS: $1.17 vs $1.10 expected<\/span><\/li>\n
  • Revenue: $7.04 billion vs $6.98 billion expected<\/span><\/li>\n<\/ul>\n

    But PayPal\u2019s guidance for the current quarter was underwhelming.\u00a0<\/span><\/p>\n

    The company expects Q2 earnings on the low end of $1.15 to $1.17 per share vs analysts\u2019 forecast for $1.17.<\/span><\/p>\n

    PayPal forecast full-year adjusted earnings of $4.95 per share vs $4.87 per share previously.<\/span><\/p>\n

    Palantir Rallies After Earnings Beat<\/span><\/h2>\n

    Palantir <\/b>(PLTR) shares are jumping 15.4% ahead of the open after beating Q1 expectations and forecasting a full-year profit.\u00a0<\/span><\/p>\n

    Here\u2019s how the software company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • EPS: $0.05 vs $0.04 expected<\/span><\/li>\n
    • Revenue: $525 million vs $506 million expected<\/span><\/li>\n<\/ul>\n

      Revenue increased 18% year over year with U.S. commercial revenue up 26%.\u00a0<\/span><\/p>\n

      The CEO said Palantir expects to remain profitable \u201ceach quarter through the end of the year.\u201d<\/span><\/p>\n

      The company forecast Q2 revenue between $528 million and $532 million and $2.19 billion to $2.24 billion for the full year.<\/span><\/p>\n

      Lucid Falls After Q1 Miss, Lower Production Guidance<\/span><\/h2>\n

      Lucid Group <\/b>(LCID) shares are dropping 10.1% ahead of the open after missing Q1 expectations and cutting its production guidance.\u00a0<\/span><\/p>\n

      Here\u2019s how the electric automaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Loss per share: $0.43 vs $0.39 expected<\/span><\/li>\n
      • Revenue: $149 million vs $204 million expected<\/span><\/li>\n<\/ul>\n

        Lucid delivered 1,406 vehicles in Q1, making the average revenue per delivery $106,000 vs $133,000 in Q4.\u00a0<\/span><\/p>\n

        That indicates pricing has dropped faster than expected as analysts were anticipating $145,000 in revenue per vehicle.<\/span><\/p>\n

        The CEO said, \u201cWe are on track to produce over 10,000 vehicles in 2023.\u201d<\/span><\/p>\n

        But Lucid\u2019s forecast in Q4 was for production of 10,000 to 14,000 vehicles this year.\u00a0<\/span><\/p>\n

        Biden Hosts Debt Ceiling Negotiations<\/span><\/h2>\n

        President Biden will meet with Congressional leaders at the White House today for negotiations about raising the debt ceiling.\u00a0<\/span><\/p>\n

        The House Speaker, Senate Majority Leader, House Minority Leader, and Senate Minority Leader will all attend today\u2019s meeting.\u00a0<\/span><\/p>\n

        This comes as the two sides remain at odds over an agreement to raise or suspend the debt ceiling.\u00a0<\/span><\/p>\n

        But Treasury Secretary Janet Yellen has warned the government will run out of money in early June.<\/span><\/p>\n

        Yellen says the Treasury Department is already relying on \u201cextraordinary measures\u201d to pay its bills.\u00a0<\/span><\/p>\n

        Republicans have pushed for spending cuts in exchange for raising the debt ceiling but Democrats have labeled that a non-starter.\u00a0<\/span><\/p>\n

        Biden said Friday, \u201cThose two are totally unrelated. Whether you pay the debt or not, doesn\u2019t have a damn thing to do with what your budget is. They\u2019re two separate issues.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: -83 (-0.2%) SPX Futures: -16 (-0.4%) NASDAQ Futures: -74 (-0.6%) Good morning friends! Futures are falling as traders digest the latest earnings ahead of key inflation data on Wednesday. Let\u2019s get right to it! PayPal Slips Despite Earnings Beat PayPal (PYPL) shares are down 6.9% in premarket trade despite beating Q1 expectations on the top and bottom line.\u00a0 Here\u2019s how the digital payments company\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $1.17 vs $1.10 expected Revenue: $7.04 billion vs $6.98 billion expected But PayPal\u2019s guidance for the current quarter was underwhelming.\u00a0 The company expects Q2 earnings on the low end of $1.15 to $1.17 per share vs analysts\u2019 forecast for $1.17. PayPal forecast full-year adjusted earnings of $4.95 per share vs $4.87 per share previously. Palantir Rallies After Earnings Beat Palantir (PLTR) shares are jumping 15.4% ahead of the open after beating Q1 expectations and forecasting a full-year profit.\u00a0 Here\u2019s how the software company\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $0.05 vs $0.04 expected Revenue: $525 million vs $506 million expected Revenue increased 18% year over year with U.S. commercial revenue up 26%.\u00a0 The CEO said Palantir expects to remain profitable \u201ceach quarter through the end of the year.\u201d The company forecast Q2 revenue between $528 million and $532 million and $2.19 billion to $2.24 billion for the full year. Lucid Falls After Q1 Miss, Lower Production Guidance Lucid Group (LCID) shares are dropping 10.1% ahead of the open after missing Q1 expectations and cutting its production guidance.\u00a0 Here\u2019s how the electric automaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.43 vs $0.39 expected Revenue: $149 million vs $204 million expected Lucid delivered 1,406 vehicles in Q1, making the average revenue per delivery $106,000 vs $133,000 in Q4.\u00a0 That indicates pricing has dropped faster than expected as analysts were anticipating $145,000 in revenue per vehicle. The CEO said, \u201cWe are on track to produce over 10,000 vehicles in 2023.\u201d But Lucid\u2019s forecast in Q4 was for production of 10,000 to 14,000 vehicles this year.\u00a0 Biden Hosts Debt Ceiling Negotiations President Biden will meet with Congressional leaders at the White House today for negotiations about raising the debt ceiling.\u00a0 The House Speaker, Senate Majority Leader, House Minority Leader, and Senate Minority Leader will all attend today\u2019s meeting.\u00a0 This comes as the two sides remain at odds over an agreement to raise or suspend the debt ceiling.\u00a0 But Treasury Secretary Janet Yellen has warned the government will run out of money in early June. Yellen says the Treasury Department is already relying on \u201cextraordinary measures\u201d to pay its bills.\u00a0 Republicans have pushed for spending cuts in exchange for raising the debt ceiling but Democrats have labeled that a non-starter.\u00a0 Biden said Friday, \u201cThose two are totally unrelated. Whether you pay the debt or not, doesn\u2019t have a damn thing to do with what your budget is. They\u2019re two separate issues.\u201d<\/p>\n","protected":false},"author":41,"featured_media":67851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-67848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=67848"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67848\/revisions"}],"predecessor-version":[{"id":67854,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67848\/revisions\/67854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/67851"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=67848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=67848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=67848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}