The Zacks Analyst Blog Highlights: Nvidia, Apple And CBS

For Immediate Release

Chicago, IL – February 15, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include:Nvidia (NASDAQ:NVDA) , Apple (NASDAQ:AAPL) and CBS Corp. (NYSE:CBS) .

Here are highlights from Thursday’s Analyst Blog:

Nvidia (NVDA) Hurdles Lower Bar, CBS Misses 1^st Time in Years

Tech processing giant Nvidia posted a mixed Q4 after the closing bell Thursday, putting up 80 cents per share on $2.21 billion in revenues, beating on the bottom line by 5 cents per share but missing the $2.37 billion in the Zacks consensus. Shares have rocketed up 9% upon the release, as Q1 guidance was higher than analysts were expecting.

You'll recall than Nvidia, like Apple more than a month ago, warned about quarterly earnings results, at which time shares plummeted and so did earnings estimates. As a result, Nvidia had tumbled to a Zacks Rank #5 (Strong Sell) ahead of the Q4 report. Now that shares have outperformed the lower bar, late traders are in a buying mood again.

Gaming fetched $954 million in the quarter and Datacenter saw a tally of $679 million. The graphics processing units (GPU) the company makes had put the company in great demand back when Bitcoin threatened to take over the world, but as the cryptocurrency's fortunes fell, so did Nvidia's share price. At a forward P/E of 30+ times earnings, the company is still not exactly cheap.

CBS Corp. posted its first earnings miss in at least 5 full years, bringing in $1.50 per share that missed the Zacks consensus by 3 cents, on $4.02 billion in quarterly sales that fell short of the $4.16 billion analysts were looking for. Though the company trumpeted passing the 8 million mark in direct-to-consumer subscribers, 2 years ahead of schedule, shares are down more than 2% following the earnings release, which came out after accusations of insider selling of CBS shares immediately prior to long-time CEO Les Moonves stepping down due to sexual improprieties. For more on CBS' earnings, click here.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.