|Bid||57.23 x 65500|
|Ask||57.24 x 300|
|Day's Range||56.85 - 57.47|
|52 Week Range||45.80 - 58.48|
|PE Ratio (TTM)||19.17|
|Expense Ratio (net)||0.14%|
Stocks (^DJI, ^GSPC, ^IXIC) reversing in midday trading as Trump tells Steve Bannon – you’re fired. Plus – an up and down week hits retail – but could a new service up-end how brick & mortar is done? And – Alibaba gets another upgrade – why the Chinese e-commerce giant may just be getting started. Catch The Final Round at 4 p.m. with Melody Hahm, Yahoo Finance editor-in-chief Andy Serwer, reporter Seana Smith, and reporter Jared Blikre.
With nearly all of the companies in the S&P 500 reporting earnings, CFRA’s Lindsey Bell takes a look at trends from the quarter, writing that corporate fundamentals remains strong. Higher crude prices helped 72% of energy companies beat revenue estimates, but many companies’ bottom lines disappointed, with just 47% beating earnings estimates. Technology posted impressive growth of 20.7% in the quarter, Bell writes, its fourth straight quarter recording double digit growth—that hasn’t happened since the first quarter of 2012.
Wells Fargo's David Wong and his team take a look at the graphics processor unit (GPU) business for semiconductor companies, writing that GPUs continue to see high growth, a factor that's boosted by their use for cryptocurrency mining. Ultimately Wong expects that the possibility that growth might moderate from the very strong year-over-year growth in the GPU market, along with uncertainty about the graphics demand for cryptocurrency, as well as competitive pressures from Advanced Micro Devices (AMD) could be a risk for Nvidia (NVDA), which he rates Underperform. First, a little detail--while GPUs' high growth continues, cryptocurrency confuses the results: Nvidia’s gaming platform revenue grew 52% year/year and increased 15% sequentially to $1.186 billion in its July quarter.