Happy Friday!
Jim Cramer and ActionAlertsPLUS.com research analyst Zev Fima are breaking down everything you need to know heading into the weekend from Amazon’s (AMZN – Get Report) challenge of the award of the $10 billion Pentagon to Microsoft (MSFT – Get Report) to earnings from Nvidia (NVDA – Get Report) .
Inside the Nvidia Mousetrap
Jim Cramer’s favorite dog is back and ready to bark. Nvidia said non-GAAP earnings for the three months ending on October 27, the group’s fiscal third quarter, came in at $1.78 per share on revenue of $3.014 billion. More in focus, however, was the softer expectations for the fourth quarter with revenue of $2.95 billion expected.
At the end of the day though, Jim Cramer noted in his latest column on Real Money that Nvidia has a critical advantage going forward: “They have no competitors.”
So what should investors expect from Nvidia’s revenue going forward?
Catch Cramer’s full take in the video above.
Amazon Isn’t Going Down Without a Fight
Amazon plans to challenge the $10 billion award of the Pentagon’s JEDI contract to Microsoft, citing ‘unmistakable bias.”
During the summer, President Trump, who has famously feuded with Amazon CEO Jeff Bezos, called for a review of the bidding process of the JEDI contract. At the time, many on Wall Street expected the contract to go to Amazon Web Services.
Is this challenge a new hope for Amazon or has Jeff Bezos already lost?
Warren Goes Shopping for Furniture
With the release of Berkshire Hathaway’s 13-F, investors got a little insight into the names catching Warren Buffett’s attention.
Most notably, Berkshire disclosed a stake of 1.2 million shares in Restoration Hardware parent RH (RH – Get Report) . Why was now the right moment for Restoration Hardware?
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