Wall Street is struggling today, but the S&P 500 (INDEXSP:.INX) is still on track to post its fifth weekly gain in a row. Chinese exports, which had been rising for the last couple of months, gained just 1% as compared to same month last year, which missed estimates by a hefty margin and down versus the 11.3% pace of increase in last month. The 4.7% growth in Chinese imports also missed expectations.
The S&P 500 closed at its best in over three months and above 1,400 for a third trading session as investors continue to bet a soft worldwide economy will activate intervention from central banks including the Federal Reserve.
NVIDIA Corporation (NASDAQ:NVDA) opened higher today after the chipmaker forecasted third-quarter revenue that came ahead of analysts’ estimates, on strong demand for processors used in tablet devices coming to market in the current quarter.
The Santa Clara, California-based company predicted revenue for the period ending in October will be in a range of $1.15 billion to $1.25 billion. On average, analysts surveyed by Bloomberg had anticipated $1.09 billion.
The stock moved down -0.14%, at last check, to $14.69 during mid day trading with the total traded volume of 18.42 million shares. NVDA has earnings per share of $0.82. It gained 9.69% return on assets, 13.09% return on equity and its return on investments was 11.89%.
CareFusion Corporation (NYSE:CFN) is up sharply after Infusion pumps maker posted a 29 percent growth in fourth-quarter net income, driven mainly by increased sales and lower restructuring and acquisition charges. Both profit and revenues for the quarter topped analysts’ estimates.
During mid day trading, shares of CareFusion surged 6.84% to $26.25 and its total traded volume was 3.69 million shares. Stock price 52 weeks high was $27.29 and 52 weeks low was $22.55. It has market capitalization of 5.83 billion.
Seagate Technology PLC (NASDAQ:STX) hit record high and is currently trading at $33.53 and moved up 2.32% with the total traded volume of 5.35 million shares. It has earnings per share of $6.45 and its price to earnings ratio ended at 5.20.
Monster Beverage Corp (NASDAQ:MNST) plunged -8.45% to $56.03 during mid day trading with the total traded volume of 4.62 million shares. MNST has earnings per share of $1.79 and its price to earnings ratio ended at 31.29. It gained 23.61% return on assets, 31.99% return on equity and its return on investments was 28.46%.