Stock Market Today: S&P 500, Nasdaq Futures Gain Ahead Of Nvidia Earnings — Constellation Energy, Target, DoorDash In Focus - video Dailymotion

Benzinga

U.S. stock futures were steady on Wednesday after Tuesday’s declines. Futures of major benchmark indices were higher.  Investors await Nvidia Corp.'s (NASDAQ:NVDA) highly anticipated earnings report on Wednesday. Meanwhile, the minutes of the Fed’s October FOMC meeting will also be released later today.

Transcript

00:00all right futures green here ahead of the open slightly green S&P futures up 0.27 percent Dow

00:13futures up 0.16 percent and the Nasdaq futures up 0.32 percent ahead of today's open as mentioned

00:20all things look quiet on the western front at least so far we'll see what direction we end up

00:27getting today now let's take a look at some cues from last session well energy health care and real

00:32estate stocks recorded the strongest gains on Tuesday consumer discretionary and information

00:37technology closed the session lower although most S&P 500 sectors finished positively

00:43U.S. stock futures were steady on Wednesday after Tuesday's declines futures of major benchmark

00:51indices were higher this morning and so far they are holding higher they're actually just

00:56off their highs as we speak investors await NVIDIA's highly anticipated earnings report

01:01on Wednesday meanwhile the minutes for the Fed's October FOMC meeting will also be released later

01:07today the 10-year treasury bond yielded 4.12 percent and the two-year bond was at 3.58 percent

01:15now there are some stocks in focus here today first one is going to be NVIDIA as everyone knows

01:21they're going to report earnings here today they are up 0.42 percent in the pre-market on Wednesday

01:26analysts expect it to report earnings of 125 per share on revenue of 54.84 billion now the estimates

01:33on this we do kind of think that NVIDIA is going to beat those estimates how big is yet to be seen

01:39really the question comes down to how is how does NVIDIA trade after this print does it pull a palantir

01:44report good earnings and trade down or does it continue to take the next leg up I'm sure that's what

01:49everyone's going to be looking for and what some of the things that we're going to be discussing here

01:52today the next stock on our list here is Constellation Energy that's ticker CEG that gained

01:583.49 percent after it secured a one billion dollar department of energy loan to restart the Crane

02:04Clean Energy Center this is expected to create 3,400 jobs DoorDash is the next stock on our list that

02:14advanced 2.2 percent after a Jeffries upgrade from hold to buy in a partnership with Family Dollar

02:20to offer on-demand delivery of convenience items household goods and more at everyday low prices

02:28it's odd because though Family Dollar generally discount products you're just making them more

02:34expensive by having them delivered but nonetheless that did cause DoorDash here to pop a little bit

02:39and that is holding higher the next stock on our list here is Baidu ticker BIDU that slipped 2.5 percent

02:46despite beating both top and bottom line results as its online marketing revenue or ad revenue dropped

02:5218 percent year over year to 2.16 billion the last stock on our list here is Target affectionately called

03:00Target by some ticker TGT that was 0.034 percent higher as analysts expect it to report earnings of

03:08172 per share on revenue of 25.34 billion now it does look like that is out here uh the earnings came

03:18in at 178 so that slightly beat the estimate I don't have the sales figure here we'll pull them up

03:25when we take a look at Target Target however trading lower here in the pre-market we'll see how it does

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Stock Market Today: S&P 500, Nasdaq Futures Gain Ahead Of Nvidia Earnings — Constellation Energy, Target, DoorDash In Focus

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