Nvidia's "Exceptional Demand"

Today is Thursday, February 17, 2022.

New to this newsletter? Sign up here.

Nvidia's "Exceptional Demand"

Shares of Nvidia (Nasdaq: NVDA) fell 2.64% in after-hours trading on Wednesday after the technology company posted positive earnings.

Financials: Nvidia reported earnings of $1.32 per share and revenue of $7.64 billion; both were better than expected.

Good Numbers: The company said it expects to hit $8.1 billion in revenue in the current quarter, which is better-than-expected guidance. In the past quarter, Nvidia experienced record revenue for its gaming, data center, and professional visualization segments.

Quote: “We are seeing exceptional demand for Nvidia computing platforms. Nvidia is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics – some of today's most impactful fields.” - Jensen Huang, founder and CEO of Nvidia.

Problems: While the financials look good for Nvidia, investors might be gloomy about the broader semiconductor market. There might be concerns about supply issues in the future.

Final Thoughts: Shares of Nvidia are up 77% in the past 12 months, but the stock has dropped nearly 12% since the new year started.

Notables

Notable Earnings Today: Walmart (NYSE: WMT), Palantir Technologies (NYSE: PLTR), Roku (Nasdaq: ROKU), Sandstorm Gold (NYSE: SAND), Fiverr (NYSE: FVRR), Dropbox (Nasdaq: DBX), SunRun (Nasdaq: RUN), YETI Holdings (NYSE: YETI), Quidel (), AutoNation (NYSE: AN), Shake Shack (NYSE: SHAK), Tower Semiconductor (Nasdaq: TSEM), Yamana Gold (NYSE: AUY), Epam Systems (NYSE: EPAM), Livent (NYSE: LTHM), Atlas Air Worldwide (Nasdaq: AAWW), Redfin (Nasdaq: RDFN), Keysight Technologies (NYSE: KEYS), Air France-KLM (OTCMKTS: AFLYY), Airbus (OTCMKTS: EADSY), Baxter International (NYSE: BAX), BJ's Restaurants (Nasdaq: BJRI), Brady Corp. (NYSE: BRC), Chimera Investment (NYSE: CIM), Chuy's (Nasdaq: CHUY), Consolidated Edison (NYSE: ED), Digital Realty Trust (NYSE: DLR), Genuine Parts (NYSE: GPC), Globus Medical (NYSE: GMED), InterDigital (Nasdaq: IDCC), Liberty Global (Nasdaq: LBTYA), LKQ Corp. (Nasdaq: LKQ), Matson (NYSE: MTX), Mercer International (Nasdaq: MERC), Organon (NYSE: OGN), Park Hotels & Resorts (NYSE: PK), Pool (Nasdaq: POOL), Sealed Air (NYSE: SEE), SolarWinds (NYSE: SWI), Southern (NYSE: SO), Tanger Factory Outlet Centers (NYSE: SKT), Universal Electronics (Nasdaq: UEIC), Weatherford International (Nasdaq: WFRD), West Pharmaceutical Services (NYSE: WST).

Notable IPOs Today: Northern Oil & Gas Inc (NYSE: NOG).

Notable Equity Crowdfunding Campaigns Ending Today: Metallum3D (StartEngine), Life Imaging Fla (StartEngine), GZI (NetCapital).

Notable Economic Events Today: Jobless claims (8:30 a.m. ET), Building permits (8:30 a.m. ET), Housing Starts (8:30 a.m ET), Philadelphia Fed Manufacturing Index (8:30 a.m. ET).

DoorDash Gets Big Bounce from Earnings

Shares of DoorDash (NYSE: DASH) jumped 28.04% in after-hours trading on Wedneday after the online food ordering and food delivery platform posted mixed financial results.

Financials: DoorDash reported a loss of 45 cents per share, which was below expectations. The company also reported revenue of $1.3 billion, which was better than expected.

Glass Half Full: Investors really liked how DoorDash grew its total orders by 30% and its active monthly users by 22%.

Final Thoughts: The stock is down 20% since peaking in late November.

2 Russian Stocks to Avoid

With tensions rising in Europe, here are two Russian stocks that could be in trouble.

Paying: Russian payments company Qiwi (NASDAQ: QIWI) could be in bad shape if the U.S. imposes sanctions. Yes, the stock is down 39%, but it is not a good bet right now given the current circumstances.

Phones: Mobile Telesystems (NYSE: MBT) is Russia’s largest mobile network operator. While the stock price is low, the company’s operations could also be in danger if there are sanctions that prohibit consumers from paying them.

Final Thoughts: Bottom line, this may not be the best time to invest in certain Russian companies.

Trends to Watch

Valuable: Amazon has $1 trillion of untapped value, Third Point's Dan Loeb is said to argue (Seeking Alpha)

Shopping: U.S. Retail Sales Jump as Inflation Surges (The Wall Street Journal)

Game Over: Hasbro activist wants toy company to spin-off Wizards of the Coast, add new board members (CNBC)

Could Happen: Bitcoin price is ‘likely starting the next push up’ if $42K holds as support (Cointelegraph)

Coming Soon: Minutes Show Fed Ready to Take Action, Mentions Crypto and Stablecoin Risks (CoinDesk)

Thank you for reading!

Forward to a friend and tell them to sign up here.

Want more investing tips? Listen to the podcast.

Questions or comments? Hit reply to reach out.