WSB Hot Discussion | Nvidia rebounds for two days, Goldman Sachs: Expected Q1 earnings per share to increase fourfold

Nvidia is the hottest, rebounding for two consecutive days with an increase of over 6%. Previously, Goldman Sachs stated that the sales of the top 10 companies in the S&P 500 index are expected to increase by 15% year-on-year, and earnings per share are expected to increase by 32%, with Nvidia showing the fastest growth:

Apple is the second hottest, experiencing a long-awaited rebound, surging by 4.33%, mainly due to the release of the M4 chip with AI capabilities, opening up the imagination space for AI PCs.

TSMC is the third hottest, dropping by about 1% pre-market. In terms of news, TSMC announced ten director nominees, including three new independent director candidates: Ursula Burns, Lynn Elsenhans, and Lin Chuan. The shareholder's annual meeting in June will involve director elections. Chairman Liu Deyin, Chen Guoci, and Hai Yingjun will step down as company directors.

Tesla and AI stock C3.ai are the fourth and sixth hottest, respectively.

JPMorgan Chase is the seventh hottest, dropping over 4% pre-market as earnings fall short of expectations. Q1 revenue was $41.934 billion, a 9% year-on-year increase, with a net profit of $13.419 billion, a 6% year-on-year increase.

Before the market opens today, several major banks have released their financial reports. Among them, BlackRock exceeded expectations, rising over 2% pre-market. Adjusted earnings per share for the first quarter were $9.81, compared to market expectations of $9.34. BlackRock's assets under management reached $10.47 trillion, exceeding the expected $10.43 trillion.

Citigroup's (C) Q1 2024 revenue was $21.1 billion, exceeding market expectations of $20.386 billion, compared to $21.4 billion in the same period last year.

Wells Fargo fell short of expectations, dropping over 1% pre-market. Q1 2024 revenue was $20.86 billion, compared to market expectations of $20.198 billion, and $20.73 billion in the same period last year. Earnings per share for the first quarter were $1.20; first-quarter corporate and investment banking revenue was $4.98 billion.

State Street Bank (STT) rose over 2% pre-market. Q1 2024 financial report showed revenue of $3.138 billion, up from $3.101 billion previously, and exceeding the expected $3.06 billion. Earnings per share were $1.69, up from $1.52 previously, and exceeding the expected $1.50.

Trump concept stock DJT continues to decline, dropping from a previous high of $79.30 to the current $32.40 in just two weeks.

Source: swaggystocks.com, the most discussed stocks in the past 24 hours

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