Quick. Name the most valuable publicly traded U.S. company. You might think that this is an easy question and right away you blurt out"Apple." But are you confident enough in that answer to put some money down on it? Alright, I'm going to tell you now that Apple is incorrect. If I allowed you to pick again, would you still feel confident enough to make this a cash wager?
Nvidia is scheduled to release its third quarter earnings on November 20th and analysts are forecasting an 80% hike in quarterly revenue to $32.9 billion. The company's shares also added some prestige by replacing Intel as a member of the Dow Jones Industrial Average. This is the index of 30 stocks that collectively is known as"the market." When you hear someone on television crow about the market being up or down, it is the Dow Jones Industrial Average that they are referring to.