NVIDIA Corp. [NVDA] - Last Close: $471.16
NVIDIA is cruising after its Wednesday evening earnings report.
The chip giant's fiscal Q2 results showed massive spikes in revenues that surpassed Wall Street's targets by a wide margin.
NVIDIA generated EPS of $2.70 on revenues of $13.51 billion, crushing the consensus of $2.07 EPS on $11.04 billion in revenues.
The company also reported record-breaking data center revenue of $10.32 billion, which was up more than 171% from a year ago.
NVDA is leading the S&P 500 with an 8.6% gain in today's premarket.
My Take: NVDA looks unstoppable right now. This stock's red-hot run is giving me flashbacks of FANG stocks in 2018. I'm not sure how much this rabbit can run, but it's not showing any signs that it's losing steam.
Guess Inc [GES] - Last Close: $18.31
A strong earnings report is rallying shares of Guess today.
The apparel company reported its fiscal Q2 report early this morning, and investors are cheering the results.
Guess generated EPS of $0.72 per share, nearly doubling from last year's $0.39 figure, and crushed the Street's consensus of $0.40.
Revenues of $664.5 million were also up from last year and easily beat analysts' $640.5 million estimate.
Guess also raised its fiscal 2024 guidance in response to the strong quarter, and maintained its quarterly dividend.
GES is up 16.4% in today's premarket.
My Take: GES had a strong quarter for itself and this stock looks like a great value. It's currently trading at a 9.7 P/E ratio, pays a respectable dividend, and its revenues are growing. I'm keeping my eye on this one.
Bruush Oral Care [BRSH] - Last Close: $1.73
Bruush Oral Care is bouncing back after a dramatic sell-off.
The oral care manufacturer plummeted 50.1% on Wednesday, despite no major news to explain the mover lower.
As of July 31st, the stock's short ratio stood at 95.4%, and I imagine it's gone higher over the past few weeks.
However, it appears the bulls are taking control of this trade in today's premarket. Shares are soaring in what could be an epic short squeeze.
BRSH is one of today's top premarket movers with a 64.1% gain.
My Take: I'm not sure what's going on with BRSH, but it appears a stand-off between the bulls and bears is developing. We'll see who comes out on top but, either way, I am not optimistic about BRSH's long-term performance.
Foxo Technologies [FOXO] - Last Close: $0.1299
Foxo Technologies just landed a major Smart Money investment.
After Wednesday's close, the company announced the signing of separate stock purchase agreements with three accredited investors on Aug. 23rd.
Under the terms of the deal, Foxo will issue and sell up to 3.7 million shares via a private placement to fulfill the agreement.
The news came just a day after the stock set a new 52-week low of $0.1238 per share.
FOXO is up 18.9% on news of the much-needed cash injection.
My Take: These investments will extend FOXO's lifeline, but it will be difficult for the company to come back from its current predicament.
