In today’s pre-mkt summary for Subscribers: Investors await $NVIDIA(NVDA.US) 2Q earnings and 3Q rev guide after the bell; $Abercrombie & Fitch(ANF.US) and $Urban Outfitters(URBN.US) earnings today could offer further clues on the health of the U.S. consumer; traders still attaching 80% odds on 25bp rate cut at the Fed’s Sept 16-17 meeting; we remain cautious on $Tesla(TSLA.US) due to stretched valuation (200x forward P/E, 5.6x forward PEG) and little substantive progress in removing safety monitors from Austin or San Francisco robotaxis.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
