Latest news with #JulieHyman
Yahoo
a day ago
- Business
- Yahoo
S&P 500, stocks inch higher after appeals court unpauses tariffs
US stocks (^DJI, ^IXIC, ^GSPC) edge higher to close out Thursday's session in the green, all while coming off of Nvidia's (NVDA) first quarter earnings and a US appeals court temporarily reversing a trade court's pause on President Trump's tariffs. Market Domination Overtime anchor Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap the latest market and sector moves after the day's closing bell. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. The Dow recovering a little bit by the end of the day, up 120 points or so, about a fifth of 1%. Remember the trajectory of the day, right? And it's probably shown more clearly in the S&P 500, which at one point was up quite a bit, then dipped into the negative, then finishing higher by about four tenths of 1%. So off the lows of the session. This following the various trade headlines. First, a court blocking a wide swath of President Trump's tariffs. Some still in effect, including sectoral tariffs. Then an appeals court coming in and blocking the block, at least for now. In other words, the tariffs still remain in effect while that case goes to appeal. So still, um, you know, the tariffs perhaps weighing on the market, or at least the base case of the tariffs weighing on the market. The NASDAQ finishing higher as well, by about four tenths of 1%, but it too finishing well off the highs of the session. Jared's got a closer look at the action. Thank you, Julie. Great recap. Nvidia is in the rearview, so that major catalyst off the table right now. And tariffs, they didn't really do too much damage to the market. So green close despite well off the highs there. And I'll just show you the VIX. I'm gonna center on the VIX volatility index with Josh in about 30 minutes here, but you can see it was down today, holding below 20. Uh we can see that in some other markets. And I'll just show you quickly here the 30 year. The 30 year yield down five basis points to 4.92%. So edging away from that 5% line that was causing some hiccups last week. And let's check out the sector action. Only communication services in the red there, that's an alphabet and meta story, but we'll dig into that in a second. Everything else in the green, but as you will notice, real estate here at the top, that's defensive, as is utilities, as is healthcare. So, a little bit of a defensive setup to the bullish action today. Tech had been leading in the early market, and that was thanks to Nvidia. You can see that print right back there, up 3 and 1/4%, but tech lost a lot of momentum over the day. Uh I did mention that communication services was down, Alphabet down three tenths of a percent, that's part of the deal. Apple also, which is tech, that was down about a quarter of a percent. But for the most part, a little bit more green than red. Broadcom also up 1.06%, and if I put a one-year chart on there, you can see it is had, has this nice rounded base and it looks like it wants to break out, might need a little bit more time to form a handle there. We'll have to see what happens, but Broadcom testing its all-time highs right now. Uh, I'm gonna finish here on some of our leaders, and guess what? Biotech was the winner today. So I got two biotech ETFs up at the top, up about 2%, and after that we got Korea, China did well today, regional banks, home builders, which have been kind of downtrodden for some time now, solar energy, and the magnificent seven. On the bottom, what did not work today? Bitcoin down about 1%, also IPOs and software, and small tech. Arc Innovation fund was down two thirds of 1%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Mag 7 valuations before & after Nvidia earnings: Chart of the Day
Now that Nvidia's (NVDA) earnings are in the books, Yahoo Finance host Julie Hyman takes a look at what Big Tech's valuations and forward price-to-earnings (P/E) ratios look like right now, particularly for the "Magnificent Seven." To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Now, with Nvidia in the books in terms of its earnings, we do see investors taking another look at Nvidia individually, as well as the big tech sector collectively, as exemplified by the magnificent seven. And this prompted me to take a look at what we see in terms of the forward price earnings ratios. What do valuations look like for the mega cap tech trade right now? And what's notable is that really this year, we've seen Nvidia in particular come down quite a bit in terms of its valuation. That's something that a lot of investors have pointed out, and it's now sort of more comparable with its peers within the mag 7. Even though it looks like there's a lot of dispersion now, as I'll show you in a moment, there's not a lot of space in between many of the mag 7 names. And in particular, when it comes to Nvidia, we talked to Angelo Zeno, CFRA yesterday in reaction to the Nvidia earnings, and he flagged that the valuation looks more attractive right now. expect anything along the lines of what we've seen here over the last two years, I think that's perfectly okay, because when you look at Nvidia's multiple today, um, relative to what we've seen here in recent memory, it's nowhere near the levels that we've seen it. So in other words, what he was saying is that even though we're not seeing the kind of magnitude of growth that we once were for Nvidia, it's still quite high, but it's not as high as it was. That's okay, because you're not paying up as much for the stock. Now, just to get a little more granular here, I wanted to look at the exact numbers for this estimated PE here for these companies. Now, you see Nvidia here at 31, which is pretty comparable with most of its cohort. Right now, Alphabet is priced the lowest in these terms at 18. Then you have Meta 25, Apple 28, Microsoft 30, Nvidia 31, and Amazon. Of course, the outlier here is Tesla. That's why we didn't put it on the other chart, because it would have skewed the whole thing, because its price earnings ratio, both on a trailing and forward basis, is much, much higher than the others. That's one of the reasons that some of the bears are not into that stock. But it is interesting to see this current landscape now that we are through the earning season. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Mag 7 valuations before & after Nvidia earnings: Chart of the Day
Now that Nvidia's (NVDA) earnings are in the books, Yahoo Finance host Julie Hyman takes a look at what Big Tech's valuations and forward price-to-earnings (P/E) ratios look like right now, particularly for the "Magnificent Seven." To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Dell blows past Q2 guidance expectations. Stock gets lift.
Dell Technologies (DELL) posted mixed first quarter results on Thursday, releasing net revenue figures of $23.38 billion (vs. estimates of $23.15 billion) while adjusted earnings came out to $1.55 per share (shy of estimates for $1.69). Julie Hyman and Josh Lipton dive into Dell's report as the computer company's second quarter revenue forecasts blew past Wall Street consensus and where it stands amid AI server demands. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. All right, Dell earnings coming in now. Let's get you those numbers. This stock is shooting higher here, more than 7% in the after hours. Q1 uh adjusted EPS 155 versus 169. Revenue 23.38 billion versus an estimate of 23.15 billion. But now let's get to the guidance. They are calling for Q2 revenue 28.5 billion to 29.5 billion. The street was at 25.35 billion and they see in uh the AI server backlog that growing to 14.4 billion. The estimate Julie looks like it was 7.88 billion. Healthy beat helps explain why the stocks moving higher. Yeah. Yes, most definitely. I'm just looking at the statement here. So the company is talking about that they saw growth throughout their different core businesses here. So if you look at those core businesses, they have two main groups, right? They have the infrastructure solutions group and the client solutions group. In infrastructure, the revenue rose by 12%. As part of that, servers and networking up 16%, storage up 6%. So it's really that server business that we have talked about that is sort of tied to the AI data center trade that has been doing well at Dell. Uh for the client solutions group, there we saw slower growth. Overall, revenue was up 5%, commercial client revenue up 9%. This was interesting. Consumer revenue, that's a place that's been lagging and saw a decrease of 19% there. So really the standout is again in servers and networking. Very interesting what they have to say about the PC market on the call, any more color there, consumer sales, corporate sales would be interesting as well. Uh the AI story as you were pointing out, Julie, the company's AI servers. What what do they think the AI order trajectory is going to look like and what kind of color and insight they give us on there. You know, the stock heading into this print, I mean was basically flat this year. It was down about 40% over the past 12 months, but it's it's still a name that is the street is very broadly positive on. The average target is still around 130 on this one. I mean, remember this stock sort of caught fire in 2024 in part alongside Nvidia and winning some of those data center contracts. It shot higher uh it reached a peak in May. Actually, wait, what's today? May 29th. It's record high. Look at this. Was on May 29th, 2024. Exactly a year ago today, this stock was closed at 17921. So you can see obviously it's down considerably from those levels. Yeah. Yes.
Yahoo
2 days ago
- Business
- Yahoo
Costco earnings top estimates despite tariffs
Costco (COST) reported third quarter earnings of $4.28 per share compared to the Bloomberg consensus estimate of $4.24. Revenue was $63.21 billion versus an estimated $63.31 billion. Comparable sales, excluding gas and currency impacts, were up 8%. Analysts had anticipated 6.99%. Market Domination Overtime Anchors Julie Hyman and Josh Lipton are joined by Senior Reporter Brooke DiPalma to discuss the results. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Costco, third quarter earnings there just now crossing the wire. Let's get you those as well. Q3 EPS 428 versus 424. Q3 total revenue 63.21 billion. Street was at 63.31 billion. Looking at Q3 total comp sales, ex gas FX, plus 8%. Consensus was closer to 6.99%. Yeah, Brooke Thomas still with us. Uh, so give us a sort of the context here for Costco. Yeah, well, shares are up roughly flat in after market hours and that's largely because of the fact that investors have been optimistic about Costco. They know that they tend to outperform in this environment where there's lots of uncertainty, lots of consumers seeking out value and considering the best bang for their buck. And so what we saw is that taking a deeper dive at the US same store sales growth, that was up nearly 8%, more than what Wall Street expected, also higher in Canada, as well as international same store sales growth. And if you take a look at the, at Wall Street's perspective, there are 27 buys on Costco, 15 holds, and one sell. And one thing that we've been reporting on so much is that this company has been expected to do well in this uncertainty and certainly we're seeing that play out. We know that one-third of its sales in the US are imported from other countries, but this is a big grocery business. And those are the kind of companies that we've seen do well, like a Walmart, because largely consumers are going there for groceries. They need groceries and they're not really too concerned about higher prices if they need to put dinner on the table tonight. Right. Yeah. Well, right now Costco shares just up about 2.31%. Thank you so much, Brooke. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
