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Nvidia Posts Sluggish Guidance, Retail Sector Sees Mixed Results

On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson recap this week’s global macroeconomic headlines and highlight the latest earnings results from Nvidia NVDA, Walmart WMT, and the U.S. department store giants.

Make sure to subscribe and leave the show a rating on Apple Podcasts!

This week, investors grappled with a pair of major global headlines: ongoing economic tensions in Turkey and renewed trade talks between the U.S. and China. Stocks saw volatility on the back of fears that Turkey’s woes could spread to other European economies, but major indexes rebounded on Thursday after the two sides behind the so-called trade war said they would resume negotiations.

Meanwhile, Wall Street also digested a series of marquee earnings reports. Notably, Nvidia shares were down in morning trading Friday after the popular GPU maker issued sluggish guidance. Nvidia was able to notch remarkable growth and better-than-anticipated earnings and revenue, but the firm’s outlook for the ongoing quarter was muted because of negative trends in cryptocurrency.

But earlier this week, investors loved Walmart’s earnings report. The retail behemoth recorded its strong comps growth in over a decade, with e-commerce sales surging and programs like its online ordering, in-store pickup service taking off.

This week also saw the release of earnings reports from several major department store chains, including Macy’s M, Nordstrom JWN, and J.C. Penney JCP.

It was a mixed bag of results from these mall-based giants, with Macy’s shares tumbling on a revenue miss and JCP crashing on sluggish guidance—all while Nordstrom flexed the strength of its discounted stores and saw its stock pop.

Maddy and Ryan discuss all of these stories, filling investors in on the key facts they need to know and providing their own perspectives on the headlines.

Is J.C. Penney running out of time to turn things around? Should Nvidia investors be worried that the company’s insane run is over? Is Walmart winning the war against Amazon AMZN?

Hear the Finish Line team’s answers to each of these questions, and more, only on today’s show!

As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at [email protected] Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on Apple Podcasts.

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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Nordstrom, Inc. (JWN): Free Stock Analysis Report
Walmart Inc. (WMT): Free Stock Analysis Report
Macy's, Inc. (M): Free Stock Analysis Report
J. C. Penney Company, Inc. (JCP): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
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