Today we are watching…
1. Tesla (#tesla)
Brits will be kicking themselves as they read the morning papers today. Tesla, a hot spring of growth and jobs, is passing up the UK as a place to expand its futuristic operations. According to the company’s charismatic leader, Elon Musk, the Brexit bottleneck makes even Germany a better place to do business, which is on the brink of a recession! Elon Musk will build a fourth Gigafactory in the Berlin area, mass-producing batteries like in Nevada, New York, and soon, Shanghai. Since some very rosy earnings numbers last month, Tesla has climbed from $250 to $350 on the Nasdaq. The company relieved many doubts about its financial fundamentals, which was the catalyst for a whole new wave of investors!
2. Nvidia (#nvidia)
There’s good money in manufacturing general processing units (GPU) in 2019, with this leading supplier up 57%. A GPU card gives you something to look at on your computer screen, as compared to a central processing unit (CPU), which is the computer’s “brain.” The crypto craze allure of making millions as a data miner helped Nvidia immensely, and while data centers remain a crucial line, attention has now turned to gaming. The firm reports a new set of earnings figures today, and investors are excited by a bundle of new video games built on top of Nvidia’s GPUs! It may be an outstanding performer, but can Nvidia beat $1.58 in profit per share on $2.9 billion in revenues today?