Category: Penny Stocks
Nvidia’s stock rises as Trump blesses China sales. Here’s how big the opportunity could be.
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The latest twist in Nvidia’s China saga? President Donald Trump’s new post saying that he’ll allow chip sales to China as long as the U.S. government gets a 25% cut of business.
Trump first teased an arrangement in August, though then the government was to receive 15% of associated revenue. Nonetheless, Nvidia NVDA CFO Colette Kress said on the company’s latest earnings call that “sizable purchase orders never materialized…due to geopolitical issues and the increasingly competitive market in China.”
Carvana is a ‘true disruptor,’ but does it have room to grow market share?
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Carvana Co. is a “true disruptor,” with an online platform and customer experience that positions it to gain market share in the large but fragmented used-car market.
That’s from UBS analyst Joseph Spak, who on Monday started covering Carvana’s stock CVNA with a buy rating and a price target of $450, implying a 18% upside from Monday’s share price.
Fed hawks and doves are battling over December rate cuts — watch these clues to see who wins
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With the U.S. government now reopened, the flow of economic data will resume over the next few weeks. The first major release was the September employment report, published last Thursday, while the White House has signaled the October data will likely only be partially released. That makes September’s report the only full labor-market reading the Federal Reserve will receive before its December meeting. What does it show, and where does it leave the Fed?
What we know about employment
September nonfarm payrolls rose 119,000, more than expected, rebounding from a downwardly revised loss of 4,000 in August. The pattern of downward revisions continued, with 33,000 jobs removed from prior months. This leaves the three-month average at 62,000, up from 18,000 in August but far below the 232,000 pace at the start of the year. Given the persistent revision pattern, the 119,000 figure is likely to be revised down as well.