Published on 24 May 2024 on Insider Monkey via Yahoo Finance
Wall Street Analysts Just Trimmed Price Target for Globant S.A. (NYSE:GLOB)
European stocks started the day on May 21 with a slightly weaker note, marking a retreat from their recent impressive performance, with attention now shifting towards the upcoming earnings report from NVIDIA. The Stoxx 600 index dipped by 0.2%, showing a predominantly negative trend across most sectors, while futures for US equities remained relatively unchanged. Options markets in the US indicate significant anticipation for NVIDIA Corporation (NASDAQ:NVDA) earnings report this Wednesday, with traders expecting a notable shift in the chipmaker's shares, reported Reuters.
JPMorgan Chase CEO Jamie Dimon signaled that his retirement might be closer than ever. This news could have a significant impact on the banking industry. Trump Media Enterprises, the media company founded by former President Donald Trump, reported a net loss of $327.6 million in the first quarter of 2024, despite generating only $770,500 in revenue. Home improvement retailer Lowe's Companies reported better-than-expected earnings despite signs that consumers might be cutting back on spending on DIY projects. Bitcoin is currently experiencing a significant price increase, breaking the $71,000 mark for the first time since early April. Ethereum (Ether) is also experiencing a strong rally, jumping over 20% in response to ETF (Exchange-Traded Fund) optimism. This could signal increased institutional interest in the cryptocurrency space.
