It’s two days after a sobering election, and people are protesting all across the country — including directly outside the Money Badger office. Yet the markets are still relatively stable (except for the bond market) and investors are still hard at work trying to figure out stocks to sell, buy, and hold onto during these uncertain times.
NVIDIA, makers of chips and other internal computer components, made $542 million in the last three months. Last year, they made $246 million in the same three months. Because of their success, their stock rose by 15.33% after the markets closed.
Winner: This guy
$NVDA roll the dice ????
— Ajax (@MajorKeyAlert) Nov. 10 at 03:53 PM
He made $3,100 by selling NVIDIA after they announced their earnings. Not bad!
Winner: The Dow Jones Industrial Average
The Dow hit an all-time high today, which means investors have more faith in Trump now than when he ran for office. The Dow is an indicator of market health, which means the market as a whole is doing fairly well. Good news!
Disney ($DIS) is making less from TV and cable than ever before. ESPN, a Disney property, lost 621,00 subscribers in a single month. Sure, Disney puts out best-selling movies and sells millions worth of theme park-related stuff, but Disney’s media networks are usually their biggest earners. Since this isn’t so true anymore, faith in the company is down (and so is their stock).
The Nasdaq stock exchange, home of some of the biggest tech stocks in the world, is down. Why? Because tech stocks like Amazon ($AMZN) are down due to fear of Trump meddling with them.
DryShips ($DRYS) is a Greek-owned shipping company. International shipping is in a weird place because of the Trump presidency, as Trump wants to renegotiate trade deals and restrict trade, too. Plus, they posted less-than-stellar quarterly earnings, which puts the company in a sticky situation.
Share today’s news with your friends below. It’ll distract them from the barrage of bad news.