Salesforce and Nvidia Earnings: What Investors Should Look Out For
With the Nasdaq experiencing a 1% dip ahead of Nvidia's eagerly anticipated earnings release, investors are keenly focused on the tech giant's performance. Analysts are expecting a £1.6 billion beat on sales, a figure Nvidia has surpassed for the past four quarters. Strong guidance and upbeat commentary regarding the next quarter will also be key indicators to watch.
Salesforce, another tech behemoth reporting after the bell, is hoping to rebound from a disappointing previous quarter where it missed sales targets and issued mixed forward guidance. While the stock has been underperforming, down 13% in the past six months, investors are seeking signs of a turnaround. Jim Cramer, a prominent market commentator, has expressed reservations about the company's trajectory, noting that it "presents a problematic situation" and remains a relatively small holding in his portfolio.
Meanwhile, Wells Fargo initiated coverage on Danaher with a "hold" rating, citing potential downside in the company's outlook. However, Cramer expressed disagreement, praising Danaher as "a great American company" poised for a breakout in earnings. He believes the company, hampered by pandemic-related delays and sluggish recovery in China, is finally ready to deliver strong results. Danaher's recent £3.7 billion share buyback, its first in over a decade, further bolsters this optimistic view, demonstrating management's confidence in the company's undervalued stock.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should consult with a qualified financial professional before making any investment decisions.
