Shares of Trip.com Group soared in pre-market trading after reporting strong second-quarter results, beating earnings expectations. Other notable movers include Trinity Biotech plc, Smart for Life, Inc., and Society Pass Incorporated, all experiencing significant gains. Meanwhile, Nxu, Inc., QT Imaging Holdings, Inc., and Cheetah Net Supply Chain Service Inc. saw declines in pre-market trading.
Ahead of Nvidia’s highly anticipated earnings report, an analyst at Morgan Stanley maintains a bullish stance, emphasizing the strong demand for the company’s AI chips despite potential delays in the Blackwell product line. The analyst expects significant revenue from the H20 chip, specifically designed for the Chinese market, and sees minimal risk from margin compression.
Napco, a security products and software company, reported quarterly earnings of $0.36 per share, slightly missing analysts’ expectations. However, the company exceeded revenue estimates, reporting $50.33 million in revenue for the quarter. While the stock has performed well this year, its future performance will depend on management’s outlook and earnings estimates.
AMD shares are down over 3% on Monday, likely due to the broader tech sector weakness and investors’ anticipation of Nvidia’s upcoming second-quarter earnings report. Strong results from Nvidia could put pressure on AMD, as Nvidia is a direct competitor in key markets like GPUs and AI accelerators.
Needham analyst Scott Berg anticipates Salesforce to report modest growth in the second quarter, citing ongoing economic pressures on spending. While the analyst remains cautiously optimistic, he expects Data Cloud to be a key area of focus, potentially boosting results in the latter half of the year.
Despite a recent outage that impacted Delta Air Lines and led to a lawsuit, CrowdStrike maintains an Overweight rating from Piper Sandler analyst Rob D. Owens. While the outage may impact earnings, the company is working on solutions and collaborating with Microsoft to improve security.
Daqo New Energy Corp. (DQ) reported disappointing second-quarter earnings, missing both revenue and earnings per share estimates. The company attributed the poor performance to a challenging solar industry environment characterized by falling market prices and oversupply. Despite this, Daqo remains optimistic about its long-term prospects and has announced a $100 million share repurchase program to bolster shareholder confidence.
PVH Corp., the parent company of iconic brands like Tommy Hilfiger and Calvin Klein, is set to release its second-quarter earnings on Tuesday, August 27th. Analysts anticipate strong results, projecting earnings per share of $2.29 and revenue of $2.07 billion. Several analysts have recently weighed in on PVH, with ratings ranging from Outperform to Market Perform.
Jim Cramer, host of CNBC’s ‘Mad Money,’ believes Nvidia’s upcoming earnings report will showcase the company’s significant growth potential in the AI sector, despite recent market fluctuations. He suggests investors look beyond short-term volatility and focus on Nvidia’s long-term prospects, comparing the company to a biotech firm due to its transformative AI technologies.
This article highlights five stocks that are likely to draw investor attention today. The focus is on their upcoming earnings reports and recent after-hours trading activity, with insights into expected financial performance and potential market reactions.
