Justin Sullivan
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NVIDIA (NVDA) Q4 Earnings Preview. (00:22) FuboTV (FUBO) has filed an antitrust lawsuit against his streaming venture partners Disney, WBD, and Fox. (01:46) Amazon (AMZN) and Uber will be added to the Dow Jones Index. (02:40)
This is a summary transcript of the podcast.
If you were on social media yesterday, specifically X, you noticed that Nvidia was trending on the topic of “Business and Finance.” From what I saw this morning, the trend is still there and will likely continue throughout the day and into tomorrow. The company is scheduled to announce its financial results after the market closes today.
It's no exaggeration to say that expectations for the semiconductor giant are sky-high, and those numbers will be a big test for Wall Street's artificial intelligence-powered rally.
“NVIDIA (NVDA) will report its fourth quarter results after the close tomorrow. “Yes, expectations will rise,” Bespoke Investment Group said on X (formerly Twitter).
The consensus EPS estimate is $4.63 (+426.1% Y/Y) and the consensus revenue estimate is $20.54 billion (+239.5% Y/Y).
Nvidia closed Tuesday at -4.35%. Earlier in the day, news broke that Microsoft (MSFT) is developing a new network card that could reduce his dependence on Nvidia.
Premarket NVDA fell 1.7%.
FuboTV (NYSE:FUBO) has filed an antitrust lawsuit against Disney (DIS), Fox (FOX) (FOXA), Warner Bros. Discovery (WBD) and affiliates. Both companies are partners in an upcoming joint venture that will unite efforts in live sports streaming.
FUBO accused the three of a “year-long campaign” involving anti-competitive practices.
The new joint venture is “just the latest coordinated step in Defendants' campaign to eliminate competition in the sports-first streaming market and capture this market for themselves,” Fubo said.
“Silence is no longer an option. The fact that live sports accounted for the majority of television viewership in 2023, accounting for 97 of the top 100 broadcasts, underscores the importance of sports in entertainment and the need for its widespread adoption.” It highlights sexuality,” Fubo CEO David Gandler said. .
Immediately after the joint venture was announced on February 6th, FUBO raised the issue of potential impacts on fair competition, and on February 7th, FUBO fell nearly 23% in one day, with It was the worst day in years.
S&P Dow Jones Indices announced late Tuesday that Amazon (NASDAQ:AMZN) will be added to its industrial index, replacing Walgreens Boots Alliance (NASDAQ:WBA). This change reflects the evolving nature of the economy and was facilitated by a 3-for-1 stock split in Walmart (WMT) that reduced Walmart's (WMT) index weight. Walmart (WMT) will continue to trade at the industry average.
Additionally, Uber (NYSE:UBER) will be added to the Dow Jones Transportation Average, replacing JetBlue (NASDAQ:JBLU). The inclusion of Uber (UBER) aims to increase the index's exposure to the ride-sharing industry. Additionally, because the index is price-weighted, JetBlue's weight in the index was less than one-half of a percentage point, prompting its removal.
The DJIA and DJTA changes will take effect before the market opens on February 26th.
Other notable articles on Seeking Alpha:
Uber Eats introduces robot delivery to Japan
Samsung sells all shares in ASML to expand into new fields – Report
Palo Alto Networks cuts full-year billings and revenue outlook, plummeting
In Catalyst Watch of the day,
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Shareholders of Healthpeak Properties (PEAK) and Physicians Realty Trust (DOC) are scheduled to vote on the pending merger between the two companies.
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The three-day MoneyShow Las Vegas event features Wedbush Securities' Dan Ives, Piper Sandler's Craig Johnson and Steve Forbes, and Seeking Alpha Investment Group Leader Brad Thomas. do.
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Philip Morris International (PM) CEO Jacek Olczak and CFO Emmanuel Babeau will be speaking at the CAGNY conference.
Wall Street ended lower on Tuesday.
Among the three major stock averages, Nasdaq (COMP.IND) fell the most, dropping 0.92%. The S&P 500 (SP500) fell 0.60%. Dow (DJI) he fell 0.17%.
All 11 sectors of the S&P finished in the red except for consumer staples.
Now let's take a look at the market price as of 6am. Dow, S&P, and Nasdaq futures are in the red ahead of today's opening bell. The Dow fell 0.1%, the S&P 500 fell 0.1% and the Nasdaq fell 0.4%. Crude oil fell 0.6% to more than $76 per barrel. Bitcoin fell 1.9% to over $51,000.
In global markets, the FTSE 100 fell 0.7% and the DAX rose 0.4%.
The biggest price move earlier in the day was Teladoc Health (NYSE:TDOC), which fell 20% after mixed fourth-quarter results and disappointing guidance.
Today's economic calendar:
