Potentially Slow Economic Growth

THE PROFITS💸

• Potentially Slow Economic Growth

• Is Nvidia Fiery Stock Finally Extinguished?

• Ford Misses Expectations

Read Time: 2.5 mins

THE BIG PROFITS💸
Potentially Slow Economic Growth
Debt, economic stress, and payment struggles rise.

Is Nvidia’s Fiery Stock Finally Extinguished?
Big questions remain as Nvidia’s stock recently dipped.

Ford Misses Expectations
Ford missed expectations on their EVs but continue to focus on bigger competition.

Economic Growth

Potentially Slow Economic Growth

Consumer debt is on the rise, suggesting economic stress as more Americans struggle to pay their credit card bills.

In Q1, 2.6% of credit card balances were 60 days past due, the highest rate since 2012, up from a low of 1.1% in 2021, due to pandemic-era support. Additionally, 30-day and 90-day delinquencies are also increasing, reflecting broader financial issues.

Economists are concerned that this trend, coupled with high interest rates and depleted pandemic savings, could slow economic growth and increase the risk of a recession.

Nvidia Stock

Is Nvidia’s Fiery Stock Finally Extinguished?

Nvidia's stock has recently dipped, with a market cap still around $3 trillion, as investors pull back from high-flying tech stocks.

Despite this, Nvidia's growth opportunities remain significant, though its valuation is challenging to determine.

The recent pullback isn't unique to Nvidia; other tech giants like Amazon and Meta have also seen declines.

While some question if Nvidia's stock has peaked, its dominant position in the AI chip market suggests it could still be a good investment, as long as demand remains strong and competition is limited.

Nvidia stock growth remains significant but the exponential growth we saw in June has become stagnant in comparison. That doesn’t mean Nvidia isnt a great investment. It remains strong and highly valuable.

Ford Earnings Expectations

Ford Misses Expectations

Ford's second-quarter earnings revealed mixed results, with revenue up 6% but missing earnings expectations.

Despite a 61% surge in EV sales year-over-year, Ford has pulled back on several EV initiatives due to slower-than-expected demand and shifted focus towards hybrids.

Ford's commercial unit, Ford Pro, remained a key growth driver, while its Model e unit reported significant losses.

CEO Jim Farley emphasized Ford's strategy to compete with Tesla and low-cost Chinese competitors by focusing on smaller, more profitable EVs and expanding partnerships.

Ford misses earnings expectations with the model e unit reporting on significant losses. Farley stresses the competition of Tesla and low cost Chinese competitors.

Preference Poll

Trending Now

THE DAILY ADVANTAGE

Nasdaq Stock: The Nasdaq Composite plunged 654 points or 3.6% due to disappointing earnings from Tesla and Alphabet, erasing $985 billion in market value and significantly impacting the tech-heavy Magnificent Seven stocks, with the Roundhill Magnificent Seven ETF dropping 6.1% and entering correction territory at 12% down since July 10.

Chipotle Stock Surge: Chipotle Mexican Grill (CMG) shares rose over 5% in extended trading Wednesday after the company reported better-than-expected second-quarter results, with revenue up 18.2% year-over-year to $2.97 billion and net income of $455.67 million, attributed to strong brand marketing and the return of Chicken Al Pastor.

Poll