Month: February 2020

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Nvidia forecasts revenue above estimates despite $100 million coronavirus hit

February 13, 2020 admin Comments Off on Nvidia forecasts revenue above estimates despite $100 million coronavirus hit

The company, which reinforced expectations of a rebound in chip demand, is the second chipmaker after Qualcomm Inc to warn about a potential impact on its businesses due to the outbreak. The Santa Clara, California-based company said it expects current-quarter revenue of $3 billion, plus or minus 2%, the midpoint of which is above analysts’ expectation of $2.86 billion, according to IBES data from Refinitiv. Revenue from Nvidia’s closely watched data center chips business rose 42.6% to $968 million in the fourth quarter, beating analysts’ estimate of $829 million, according to research firm FactSet. …read more […]

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New Economic Data to Affect the Election

February 13, 2020 admin Comments Off on New Economic Data to Affect the Election

The state of the economy in 2020 will more than likely determine the winner of the presidential election.
This is because when the economy is good, incumbent presidents are usually elected – but when the economy is bad, they rarely are. And an important data point in the debate came out Friday with the release of the monthly jobs report…
The report usually comes out on the first Friday of every month. Last week, it showed that the economy added 225,000 jobs in January. At the same time, nearly half a million Americans felt encouraged by their job prospects and resumed looking …read more […]

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Fed to Withdraw More Liquidity Than Expected Amid Funding Calm

February 13, 2020 admin Comments Off on Fed to Withdraw More Liquidity Than Expected Amid Funding Calm

(Bloomberg) — The Federal Reserve Bank of New York will shrink its repurchase-agreement operations more than analysts expected, starting with Friday’s overnight offering, a sign officials are comfortable removing liquidity without upending funding markets.The central bank on Thursday announced a new schedule for both overnight and 14-day term repo operations through March 12. Starting next week, the term offerings will drop by $5 billion, to a maximum of $25 billion, and those starting March 3 will shrink again, to a maximum of $20 billion. The bank’s daily overnight operations, meanwhile, will drop by $20 billion, to a limit of $100 …read more […]

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Top 10 Gold Stocks List 2020

February 13, 2020 admin Comments Off on Top 10 Gold Stocks List 2020

Gold prices hovered around $1,300 for the first half of last year. But since, the shiny metal has climbed over 20%. Starting in the first few months of 2020, gold is trading above $1,550 per ounce. If the price continues to climb, it might be a great time to add a few top gold stocks to your portfolio.
That’s why I’ve put together this list of gold stocks. It includes gold mining companies by market cap. This is a great starting point to find high risk-to-reward investment opportunities. And below the list, I’ll show you how to invest in these companies.
Top …read more […]