|Bid||164.32 x 800|
|Ask||164.41 x 1000|
|Day's Range||161.61 - 170.66|
|52 Week Range||161.61 - 292.76|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||24.08|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||0.60 (0.29%)|
|1y Target Est||287.91|
Yahoo Finance’s Alexis Christoforous speaks to Penn Mutual Asset Management CIO Mark Heppenstall about why he thinks heightened volatility should be the focus in the markets.
Yahoo Finance's LIVE stock market coverage and analysis.
Energy stocks rose 0.6 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month. Markets opened lower following weak forecasts from Nvidia Corp and chip equipment supplier Applied Materials Inc, which fell 17.6 percent and 1.9 percent respectively. The Philadelphia Semiconductor index was down 1.9 percent, while technology stocks fell 0.5 percent.
Energy stocks rose 0.6 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month. Markets opened lower following weak forecasts from Nvidia Corp (NVDA.O) and chip equipment supplier Applied Materials Inc (AMAT.O), which fell 17.6 percent and 1.9 percent respectively. The Philadelphia Semiconductor index (.SOX) was down 1.9 percent, while technology stocks (.SPLRCT) fell 0.5 percent.
Nvidia Corp.’s stock is on track for its worst one-day drop in a decade Friday as more than half the analysts who cover the stock slashed their price targets after the chip maker surprised investors with worse-than-expected inventory problems for its previous-generation gaming chips.
Nvidia Corp. ( NVDA), one of the glamour tech stocks of the past decade, is on a downward spiral. It plunged today after missing analysts' third quarter estimates and then offering disappointing guidance for the next quarter. Now, technical analysis suggests the stock may fall an additional 17% more to $139.50. The company reported earnings of $1.84 per share, 4% below analysts' forecast, and revenue was 2% below expectations.
The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets. Disappointing forecasts by chip companies Nvidia Corp and Applied Materials weighed on sentiment, but that may have been countered by prospects of a less-aggressive path of rate hikes following comments from Richard Clarida, the newly appointed vice chair of the Federal Reserve.
Tim Acuri, UBS managing director, and Romit Shah, Nomura Instinet analyst, discuss the big decline in chip stocks such as Nvidia and Advanced Micro Devices.