Financial Markets Around World

hullopilllw said:

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Nvidia's quarterly earning report coming tonight ?

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The sentiment of the current stock markets as of late August 2024 appears to be mixed with a cautious optimism:

• General Sentiment: There's a sense of cautiousness with traders awaiting clear signals for the market's next move. Low volume and a sideways trading pattern suggest indecision, but there's an underlying expectation of a significant move soon, whether up or down.
• Positive Indicators:
  • Most investors surveyed believe the S&P 500 will end 2024 higher than its current levels, indicating an optimistic long-term view.
  • Specific sectors like technology have shown strength, with the Nasdaq outperforming in recent market movements.
• Cautious Notes:
  • Despite strong earnings from companies like Nvidia and Salesforce, the market reactions have been mixed, suggesting high expectations that are sometimes unmet, leading to immediate sell-offs or lack of significant upward movement.
  • The mention of the market being "95% vibes" reflects a sentiment where market movements might not strictly follow traditional economic indicators or fundamentals but are driven more by sentiment and momentum.
• Market Dynamics:
  • There's an acknowledgment of extreme sentiment swings, with indicators like the General Sentiment Indicator showing movements from extreme pessimism to euphoria within short periods, which historically might precede market corrections or significant movements.
  • The tech sector, particularly, has shown both strength and vulnerability, with Nvidia's earnings being a case in point where expectations were sky-high, leading to a nuanced market reaction.

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how about DELL earnings today?
Answer
Dell Technologies reported its fiscal second-quarter earnings for 2025 on August 29, 2024. Here's a summary based on the information available:

• Earnings Per Share (EPS): Dell reported an EPS of $1.66, which was below the consensus estimate of $1.71.
• Revenue: The company's revenue for the quarter came in at $24.2 billion, slightly above the expected $24.14 billion, marking a year-over-year increase.
• Stock Movement: Following the earnings release, Dell's stock experienced a decline. There were mentions of the stock dropping by percentages like -4.9% and -7.6% in after-hours trading, indicating a negative reaction to the EPS miss despite the revenue beat.
• Operating Performance: Dell highlighted significant growth in its Infrastructure Solutions Group (ISG), particularly in servers and networking, driven by the AI wave, with sales soaring by 80%. However, this growth was offset by weaker performance in other segments.
• Market Sentiment: Despite the revenue beat, the EPS miss led to a sell-off in after-hours trading, reflecting investor disappointment or concerns over profitability and margin pressures.
• Guidance: Dell did not significantly adjust its full-year guidance, maintaining cautious optimism about the rest of the fiscal year, which might have contributed to the stock's reaction.

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how about MRVL earnings today?
Answer
Marvell Technology, Inc. (MRVL) reported its fiscal second-quarter earnings for 2025 on August 29, 2024. Here's a summary based on the information available:

• Earnings Per Share (EPS): Marvell reported an EPS of $0.29, which met the consensus estimate.
• Revenue: The company's revenue for the quarter was $1.25 billion, aligning with the expected $1.25 billion, indicating a year-over-year decline of about 6.7%.
• Stock Movement: Following the earnings release, MRVL's stock experienced a decline. There were mentions of the stock dropping by percentages like -7% to -8% in after-hours trading, reflecting investor disappointment or concerns over the revenue guidance and production challenges.
• Market Sentiment: Despite meeting EPS expectations, the revenue guidance missing expectations and production issues with the "Blackwell" chip led to a negative stock price reaction. This suggests that the market was focusing on future growth concerns rather than the current quarter's performance.
• Guidance: Marvell provided guidance that was below market expectations, which contributed to the sell-off in after-hours trading.
• Operational Highlights: There was a focus on Marvell's positioning in the AI data center market, with expectations of growth in this segment. However, this was overshadowed by broader concerns about overall revenue growth and production scalability.

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how about LULU earnings today?
Answer
Lululemon Athletica Inc. (LULU) reported its second-quarter earnings for fiscal year 2024 on August 29, 2024. Here's a summary based on the information available:

• Earnings Per Share (EPS): Lululemon reported an EPS of $3.15, which beat the consensus estimate of $2.94.
• Revenue: The company's revenue was $2.4 billion, slightly missing the expected $2.41 billion.
• Stock Movement: Following the earnings release, there was mixed sentiment. While Lululemon beat on EPS, the slight miss on revenue and a significant reduction in full-year EPS guidance led to a negative reaction in after-hours trading. The stock experienced a decline, with mentions of drops around -7% to -8%.
• Market Sentiment: Despite beating earnings expectations, the revenue miss and the lowered full-year guidance for EPS to $10.375 to $10.475 (down from a previous range of $14.27 to $14.47) caused concern among investors. This adjustment reflects challenges or conservative outlook for the remainder of the fiscal year, which might have contributed to the sell-off.
• Guidance: Lululemon revised its full-year EPS guidance significantly downwards, which was a focal point of investor disappointment. This adjustment could be indicative of broader economic pressures, competitive challenges, or strategic shifts within the company.
• Operational Highlights: Lululemon continues to focus on its core strengths in technical athletic apparel, with an emphasis on innovation and community engagement. However, the market's reaction suggests that these operational positives were overshadowed by the financial guidance.

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how about HCP earnings today?
Answer
HashiCorp, Inc. (HCP) reported its second-quarter earnings for fiscal year 2025 on August 29, 2024. Here's a summary based on the information available:

• Earnings Per Share (EPS): HashiCorp reported an EPS of $0.00, which missed the consensus estimate of $0.004 by a slight margin.
• Revenue: The company's revenue for the quarter was $157.2 million, aligning with the expected $157.2 million, indicating a year-over-year increase over the prior year's quarter when the company reported $143.3 million.
• Stock Movement: Following the earnings release, there wasn't immediate information on stock movement directly tied to the earnings. However, considering market reactions to such reports, it's typical for stocks to experience fluctuations based on earnings surprises or guidance.
• Market Sentiment: The earnings report showed a mixed reaction. While revenue growth was positive, the EPS miss, even if slight, could influence investor sentiment. The focus on HashiCorp's strategic positioning in the cloud infrastructure market, particularly with products like Terraform and Vault, continues to be a point of interest for investors.
• Guidance: HashiCorp did not significantly adjust its full-year guidance, which might have contributed to a tempered market reaction. The company's ongoing investment in product development and market expansion could be seen as a long-term play rather than immediate profit maximization.
• Operational Highlights: HashiCorp highlighted its growth in cloud infrastructure solutions, with an emphasis on its HashiCorp Cloud Platform (HCP), aimed at accelerating enterprise cloud migration. This reflects a strategic focus on addressing the growing demand for cloud services.

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4Runner said:

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S&P 500 has been trading in a narrow range near 52-week high with thin volumes. Today is the last trading day before hitting September. The interesting thing about this chart and TA indicators I can infer from historical quotes is that there is no viable indicator that helps point to either direction. My count in B of ABC correction since mid-July is derived from historical data. At this moment, it is still intact. But it does not guarantee the direction in September. In other words, if September turns out to be conventional, then it would enter C of ABC and correction would continue. Otherwise, it would break upside and invalidate my current count, which would also mean it could go much higher into the general election. As some wise people told me decades ago, trading is on the razor's edge and make traders age like dogs

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