Hey folks,
Everyone’s wringing their hands about NVDA earnings.
The market’s just kinda drifting Wednesday — not really going up, not really going down — and if you ask around, you’ll hear the same thing: “We’re just waiting to see what NVDA does.”
But here’s the thing… who cares?
Don’t get me wrong, it’s a big stock. But it’s just one stock.
And honestly? They still just make video cards for gamers — I’m being sarcastic, of course.
They’ve got their hands deep in AI now — some would say it’s the backbone of the entire AI race — but the way folks talk, you’d think NVDA’s earnings are gonna decide whether the sun comes up tomorrow.
I’m more interested in what we see tomorrow morning than what we hear on the post-market earnings announcement tonight.
Because you know who reports before the bell?
- Best Buy (BBY)
- Foot Locker (FL)
- Burlington (BURL)
- Hormel (HRL)
That’s right — electronics and bacon and socks and discount polos.
You don’t hear the financial media yapping about them, but I care a lot more about what regular folks are buying at the store than what NVDA’s shipping off to hyperscale AI server farms.
Because those earnings announcements will really tell us how the economy is doing.
Oh and don’t forget tomorrow’s all-important GDP number. The last one was negative. If we get another negative print tomorrow morning, that’s officially a recession.
I’m not saying it’s going to happen. I’m just telling you what two negative GDP prints in a row means. Besides, don’t forget what I said about that first GDP print a few weeks ago.
So while everyone else is staring slack-jawed at a single ticker symbol, I’ll be looking at what these retailers are saying about the consumer.
Now if NVDA gaps up or crashes after hours? Sure, I’ll take a look. But I’m not betting the farm either way.
As I always say: Let the market show you what it wants to do.
Don’t try to guess what one stock’s earnings are gonna be and make your whole plan around that.
Stay sharp,
—Geof
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