Welcome to Extreme Investor Network, where we provide you with unique insights and information to help you make the most informed investing decisions. Today, we are diving into the latest updates in the stock market and highlighting some key stocks to watch on Thursday morning.
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Nvidia: After reporting its quarterly report, Nvidia’s stock is down about 7% in after-hours trading. While profit and revenue more than doubled from the same quarter a year ago, the stock is selling off as the beats become narrower. Nvidia is now about 11% from its June high.
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Salesforce: On the flip side, Salesforce is up 4% after hours following a strong fiscal second-quarter performance and increased guidance. The CEO, Marc Benioff, expressed optimism about the company’s future and highlighted innovative technologies like Agentforce. The stock remains 19% from its March 1 high.
- CrowdStrike: Despite better-than-expected fiscal second-quarter results, CrowdStrike’s stock is down more than 2% after the cybersecurity giant cut its guidance. Investors remain cautious, especially after July’s IT outage. CEO George Kurtz is set to discuss more on "Mad Money" with Jim Cramer on Thursday at 6 p.m. Eastern. The stock is currently 33% from its July high.
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Keep an eye on Intel, as shares are down 4.5% in the last three days and down 36% in August. The stock is now 62% from the Dec. 27 high.
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Walgreens hit a new 52-week low recently, ending the day at $9.38, down 0.74% in the session. The stock is oversold with an RSI of 29 and is down about 64% in 2024. Analysts’ opinions on Walgreens vary, with some calling it a buy and others a sell.
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In the retail sector, several quarterly reports from companies like American Eagle, Best Buy, Burlington Stores, Dollar General, Gap, Lululemon, and Ulta Beauty are due Thursday. Each stock has shown varying performance over the past three months, highlighting opportunities for investors.
- The "Fast Money" traders discussed the divergence between gold and bitcoin, with gold up 7% in a month while bitcoin is down 13%. The once-similar assets have now shown distinct trends, providing investors with different opportunities.
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