澳洲幸运5官方开奖结果体彩网

5 Things to Know Before the Stock Market Opens

News of the day for August 28, 2024

Stock market information seen displayed on a smartphone with a Nvidia Corporation logo in the background

Jaque Silva / SOPA Images /꧑ LightRocket via Getty Imag🌳es

The clock is ticking for the event of the week, with Nvidia (NVDA) expected to report blockbuster second-quarter results; CrowdStrike (CRWD) and Salesforce (CRM) also report after the market closes; General Motors (GM) is pushing back the start of production at a battery plant in Indiana; and Nordstrom (JWN) shares are rallying in premarket trading after the department store operator's results beat estimates. U.S. stock futures are little changed as investors await Nvidia's results, which are bound to affect the shares of 澳洲幸运5官方开奖结果体彩网:other AI stocks as well as the 澳洲幸运5官方开奖结果体彩网:broader market. Shares 澳洲幸运5官方开奖结果体彩网:edged higher Tuesday, with the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average finishing at a record hig🌠h for a second straight day. Here's what investors n🦩eed to know today.

1. Nv💦idia, Nvidia, Nvidia—Blowout Quarte🌳rly Earnings Expected After the Bell

Nvidia (NVDA) shares are edging higher ahead of 澳洲幸运5官方开奖结果体彩网:second-quarter results from the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) favorite, with investors watching for sustained data-center demand from its big tech customers and the status of its reportedly delayed next generation Blackwell chip. The world's most valuable chip maker is expected to report revenue grew to $28.84 billion, more than double its revenue from a year ago. Net income is also expected to more than double to $14.95 billion, with a sharp decline in 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) expected, primarily as a result of the company's 10-for-1 澳洲幸运5官方开奖结果体彩网:stock split. Nvidia shares have added more than 150% in value since the start of the year, and the chipmaker now has a market cap of nearly $3.2 trillion.

2. CrowdStrike Fallout From Faulty Upd♕ate Eyed in Q2 Results

CrowdStrike (CRWD) shares also are 澳洲幸运5官方开奖结果体彩网:in the spotlight today, as it reports its first quarterly earnings following an erroneous software update last month that 澳洲幸运5官方开奖结果体彩网:caused a global IT outage. For its 澳洲幸运5官方开奖结果体彩网:fiscal 2025 second-quarter results after the bell, the cybersecurity firm is expected to report revenue grew to $957.6 million from $731.6 million a year ago, and could update its full-year revenue guidance, giving greater insight into the near-term impact of the July outage. Citi analysts said that CrowdStrike won't come out of the incident "unscathed" given higher discounts, lower negotiating leverage, and 澳洲幸运5官方开奖结果体彩网:litigation costs. However, the analysts did say that they believe the c⛄ompany "can gradually overcome unavoidable headwinds" in the long term. CrowdStrike stock is edging higher in premarket trading.

3. AI Initiatives, Margin P🐬ickup in Focus for Salesforce Results

Salesforce (CRM) is another company set to report second-quarter earnings after the market closes, with investors' focus on signs of 澳洲幸运5官方开奖结果体彩网:improving operating margins and AI initiatives. Analysts project revenue at the cloud software firm to grow to $9.24 billion from $8.6 billion a year ago. Net income is expected to be $1.34 billion, or $1.36 per share, a rise from the year-ago period but down from the previous quart☂er. Salesforce shares are little changed in premarket trading.

4. GM Delays Indiana EV Battery Plant to 2027

General Motors (GM) is pushing back the start of production at its Indiana battery plant by a year to 2027, the latest retreat by the largest U.S. automaker on softer-than-expected electric vehicle (EV) demand. GM is teaming up with Samsung to invest around $3.5 billion for a plant scheduled to start mass production in 2027, with the plant expected to employ some 1,600 people, the South Korean electronics giant said. GM, whose shares are edging lower in premarket trading, already had delayed plans for a second U.S. electric truck plant and the Buick brand's first EV. Last week, rival Ford (F) said it had 澳洲幸运5官方开奖结果体彩网:canceled plans for a three-row all-electric SUV and 🌊the production of a new electric pickup truck.

5. Nordstrom Stoc𒁏k Jumps on Cost Cu꧃ts, Rack Sales 

Nordstrom (JWN) shares are rising 5% in premarket trading after posting better-than-estimated adjusted EPS of 96 cents on revenue of $3.89 billion amid cost cuts and a nearly 9% year-over-year sales gain at its Nordstrom Rack discount chain. Nordstrom also said full-year 澳洲幸运5官方开奖结果体彩网:comparable store sales would be in a range of flat to 2% growth from fiscal 2023, compared with its previous projection of a 1% decline to 2% growth.

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