NVIDIA ( $NVDA ) Earnings Breakdown
Highlights
-Earnings reported 6.12 vs estimated 5.60 (+9.30%)
-Revenue reported 26.04b vs estimated 24.59b (+5.90%)
-Record Quarterly Revenue: NVIDIA reported $26.0 billion in revenue for Q1 FY25, up 18% from Q4 and up 262% from a year ago.
-Data Center Growth: Data Center revenue hit $22.6 billion, up 23% from Q4 and 427% year-over-year.
-Stock Split: A ten-for-one forward stock split will take effect on June 7, 2024.
-Divi...

Lowe's ( $LOW ) Earnings Breakdown
Highlights
- Earnings reported 3.06 vs estimated 2.95 (+3.72%)
-Revenue reported 21.36b vs estimated 21.13b (+1.08%)
-Net Earnings: $1.8 billion
-Diluted Earnings Per Share (EPS): $3.06
-Total Sales: $21.4 billion, down from $22.3 billion last year
-Comparable Sales: Decreased by 4.1%
-Full Year 2024 Outlook: Total sales of $84 to $85 billion, with EPS of approximately $12.00 to $12.30
Good Parts
-Strong Customer Ser...

PPI Breakdown
Highlights
-Factory Gate Prices: Increased by 0.5% in April 2024.
-Services Prices: Increased by 0.6%, the highest since July.
-Goods Prices: Rose by 0.4%, with a significant impact from a 5.4% increase in gasoline prices.
-Core Producer Prices: Up by 0.5%, higher than the expected 0.2%.
-Annual Inflation: Headline producer price inflation steady at 2.2%, core rate at 2.4%.
Monthly Changes
-Factory Gate Prices: +0.5% (up from -0.1% in March).
-Services Prices: +0.6% (...

Michigan Consumer Sentiment Breakdown
Highlights:
-University of Michigan consumer sentiment for the US fell to 67.4 in May 2024 from 77.2 in April, the lowest in six months.
-Both current conditions (68.8 vs 79 in April) and expectations (66.5 vs 76) declined.
-Concerns about inflation, unemployment, and interest rates moving unfavorably in the coming year.
-Year-ahead inflation expectations rose to 3.5% from 3.2% last month.
Long-run inflation expectations...

Earnings for the week of 5/6 to 5/10
Monday
AM: $TSN
PM: $PLTR
Tuesday
AM: $DIS, $BP, $DDOG
PM: $OXY, $WYNN
Wednesday
AM: $UBER, $SHOP
PM: $ABNB, $ARM
Thursday
AM: $RBLX

Key Events This Week 5/6 to 5/10
Monday
Fed Barkin, Williams Speech
Tuesday
Consumer Credit Change
Fed Kashkari Speech
Wednesday
Fed Jefferson, Cook Speech
Thursday
Initial/Continuing Claims
Friday
Michigan Consumer Sentiment
Fed Bowman, Goolsbee, Barr Speech

Nonfarm Payrolls/Unemployment Rate Breakdown
Highlights:
-Total nonfarm payroll employment increased by 175,000 in April 2024, although this marked a deceleration from the robust growth observed in March.
-Despite the slowdown, job gains were notable in key sectors such as healthcare, social assistance, and transportation and warehousing.
-The unemployment rate moved up slightly to 3.9%, indicating overall stability in the labor market.
-Average hour...

Apple ( $AAPL ) Earnings Breakdown
Highlights:
-Quarterly revenue: $90.8 billion, down 4% year over year.
-Quarterly earnings per diluted share: $1.53.
-Record revenue in Services segment, reaching an all-time high.
-Launch of Apple Vision Pro showcasing the potential of spatial computing.
-Anticipation for an exciting product announcement and Worldwide Developers Conference.
-Active installed base of devices achieves a new all-time high across all products an...

Amazon ( $AMZN ) Earnings Breakdown
Highlights:
-Earnings reported 0.98 vs estimated 0.84 (+16.44%)
-Revenue reported 143.31b vs estimated 142.65b (+0.46%)
-Net Sales Increase: Amazon's net sales for the first quarter of 2024 rose by 13% compared to the same period in 2023, reaching $143.3 billion.
-Operating Income Surge: Operating income soared to $15.3 billion, a significant increase from $4.8 billion in the first quarter of 2023.
-Segment Sales Growth: Nor...

CB Consumer Confidence Breakdown
Highlights:
- The Conference Board Consumer Confidence Index dropped to 97.0 in April 2024 from a downwardly revised 103.1 in March.
- The Present Situation Index declined to 142.9 in April from a downwardly revised 146.8 in March, while the Expectations Index fell to 66.4 from a slightly upwardly revised 74.0.
- Confidence among consumers of all age groups and almost all income groups declined in April, with households with incom...