{"id":72318,"date":"2023-11-22T09:03:31","date_gmt":"2023-11-22T14:03:31","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=72318"},"modified":"2023-11-22T09:03:31","modified_gmt":"2023-11-22T14:03:31","slug":"coffee-with-greta-yields-retreat","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/11\/22\/coffee-with-greta-yields-retreat\/","title":{"rendered":"Coffee With Greta: Yields Retreat"},"content":{"rendered":"

Register now<\/a><\/strong> for the next free trading Q&A on LinkedIn with crypto expert and trader John Divine!<\/p>\n

DJIA Futures: <\/b>+41 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+11 (+0.3%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+67 (+0.4%)<\/span><\/p>\n

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

Futures are rising as yields drop.<\/span><\/p>\n

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

Nvidia Crushes Q3 Estimates<\/span><\/h2>\n

Nvidia <\/b>(NVDA) shares are up 0.4% ahead of the open after solidly beating Q3 expectations.\u00a0<\/span><\/p>\n

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

    \n
  • Adjusted EPS: $4.02 vs $3.37 expected<\/span><\/li>\n
  • Revenue: $18.12 billion vs $16.18 billion expected<\/span><\/li>\n<\/ul>\n

    Revenue surged 206% year over year.\u00a0<\/span><\/p>\n

    Data center revenue led those gains, up 271% to $14.51 billion vs $12.97 billion expected.\u00a0<\/span><\/p>\n

    Gaming segment revenue jumped 81% to $2.86 billion vs $2.68 billion expected.\u00a0<\/span><\/p>\n

    Nvidia forecast $20 billion in Q4 revenue, implying nearly 231% growth.\u00a0<\/span><\/p>\n

    But the company did warn it expects a negative impact in the current quarter from the export restrictions on chip sales to companies in China and other countries.<\/span><\/p>\n

    The CFO said, \u201cWe expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions.\u201d<\/span><\/p>\n

    10-Year Yield Hits Two-Month Low<\/span><\/h2>\n

    Treasury yields are falling this morning as investors assess the future of interest rates.\u00a0<\/span><\/p>\n

    The 10-year yield is down 2 basis points at 4.37%, its lowest level since September 20.\u00a0<\/span><\/p>\n

    The Fed released the minutes of its last meeting on Tuesday, which showed officials did not discuss any plans for rate cuts soon.\u00a0<\/span><\/p>\n

    But data since that meeting has shown inflation pressures easing at a faster pace than expected.<\/span><\/p>\n

    The Fed meets again December 12-13 with CME Group\u2019s FedWatch Tool showing 95% of traders expecting no rate hike at that meeting.<\/span><\/p>\n

    Weekly Jobless Claims Drop<\/span><\/h2>\n

    Weekly jobless claims dropped more than expected last week.\u00a0<\/span><\/p>\n

    The Labor Department reported 209,000 Americans filed initial claims for unemployment benefits.\u00a0<\/span><\/p>\n

    That was a 22,000 person drop from the week before and lower than 225,000 expected.<\/span><\/p>\n

    Continuing claims fell by 25,000 to 1.840 million vs 1.875 million expected in the week ending November 11.<\/span><\/p>\n

    Mortgage Demand Jumps To Six-Week High<\/span><\/h2>\n

    Mortgage demand continued to rise last week as rates pulled back.\u00a0<\/span><\/p>\n

    The Mortgage Bankers Association reported total application volume rose 3% from the previous week, to the highest level in six weeks.<\/span><\/p>\n

    Purchase applications rose 4% weekly and were down 20% from a year ago.\u00a0<\/span><\/p>\n

    Refinance applications rose 2% weekly and were 4% lower year over year.<\/span><\/p>\n

    The average 30-year fixed contract rate decreased to 7.41% from 7.61%.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    Register now for the next free trading Q&A on LinkedIn with crypto expert and trader John Divine! DJIA Futures: +41 (+0.1%) SPX Futures: +11 (+0.3%) NASDAQ Futures: +67 (+0.4%) Good morning friends! Futures are rising as yields drop. Let\u2019s get right to it! Nvidia Crushes Q3 Estimates Nvidia (NVDA) shares are up 0.4% ahead of the open after solidly beating Q3 expectations.\u00a0 Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $4.02 vs $3.37 expected Revenue: $18.12 billion vs $16.18 billion expected Revenue surged 206% year over year.\u00a0 Data center revenue led those gains, up 271% to $14.51 billion vs $12.97 billion expected.\u00a0 Gaming segment revenue jumped 81% to $2.86 billion vs $2.68 billion expected.\u00a0 Nvidia forecast $20 billion in Q4 revenue, implying nearly 231% growth.\u00a0 But the company did warn it expects a negative impact in the current quarter from the export restrictions on chip sales to companies in China and other countries. The CFO said, \u201cWe expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions.\u201d 10-Year Yield Hits Two-Month Low Treasury yields are falling this morning as investors assess the future of interest rates.\u00a0 The 10-year yield is down 2 basis points at 4.37%, its lowest level since September 20.\u00a0 The Fed released the minutes of its last meeting on Tuesday, which showed officials did not discuss any plans for rate cuts soon.\u00a0 But data since that meeting has shown inflation pressures easing at a faster pace than expected. The Fed meets again December 12-13 with CME Group\u2019s FedWatch Tool showing 95% of traders expecting no rate hike at that meeting. Weekly Jobless Claims Drop Weekly jobless claims dropped more than expected last week.\u00a0 The Labor Department reported 209,000 Americans filed initial claims for unemployment benefits.\u00a0 That was a 22,000 person drop from the week before and lower than 225,000 expected. Continuing claims fell by 25,000 to 1.840 million vs 1.875 million expected in the week ending November 11. Mortgage Demand Jumps To Six-Week High Mortgage demand continued to rise last week as rates pulled back.\u00a0 The Mortgage Bankers Association reported total application volume rose 3% from the previous week, to the highest level in six weeks. Purchase applications rose 4% weekly and were down 20% from a year ago.\u00a0 Refinance applications rose 2% weekly and were 4% lower year over year. The average 30-year fixed contract rate decreased to 7.41% from 7.61%.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":72328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-72318","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\/72318","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=72318"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72318\/revisions"}],"predecessor-version":[{"id":72329,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/72318\/revisions\/72329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/72328"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=72318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=72318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=72318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}