Is It Too Late to Buy Nvidia Stock? Evidence Is Piling Up That Provides a Compelling Answer.
There are no two ways about it: The dawn of the artificial intelligence (AI) revolution in early 2023 has been a windfall for chipmaker Nvidia (NASDAQ: NVDA). The company pioneered the graphics processing units (GPUs) that have become the gold standard for a variety of use cases by providing the computational horsepower needed to underpin video games, data centers, and even earlier versions of AI.
Generative AI went viral early last year, with Nvidia at the heart of what many are calling the next industrial revolution. The results have been striking: Nvidia stock is up more than 800% since the start of 2023 and hovers less than 2% off its all-time high (as of this writing) — but it’s been a bumpy ride. Nvidia stock lost as much as 27% during the four weeks starting in early July but has rebounded vigorously, gaining nearly all that back over the past month.
Causing the recent decline were fears that demand for AI could dwindle, and a great deal of future growth was already baked into the stock price. That said, there’s mounting evidence that answers the question: Is it too late to buy Nvidia stock?
Faltering demand, or the calm before the storm?
What distinguishes generative AI from its predecessors is the need for not only massive amounts of data, but also the corresponding computational horsepower needed to parse the data. When it comes to AI-centric processors, Nvidia is without equal, controlling an estimated 98% of the market in 2023, similar to its share in 2022, according to semiconductor analyst company TechInsights. This dominance put Nvidia in pole position when generative AI burst on the scene.
The unprecedented demand fueled triple-digit revenue and profit growth for Nvidia for five successive quarters. So, when the company forecast only 79% growth for its fiscal 2025 third quarter (which ends in late October), some investors saw the writing on the wall. They concluded that demand was ebbing and they headed for the exits, but that move was likely premature — and costly. The evidence is growing that demand for AI continues unabated.
Super Micro Computer, commonly called Supermicro, provided one piece to the demand puzzle on Monday. In a press release, the company revealed that it had delivered more than 2,000 direct liquid-cooling (DLC) rack systems since June and was currently shipping more than 100,000 GPUs per quarter. Shipments of that magnitude suggest that demand for Nvidia’s GPUs remains robust.
Nvidia CEO Jensen Huang provided some boots-on-the-ground commentary as well. In an interview late last week, the chief executive said that demand for Blackwell — the company’s next-generation AI platform — is “insane.” He called this the “first wave of AI,” which started with the modernization of $1 trillion worth of existing data centers, upgrading them with chips capable of processing generative AI. Huang went on to say that the next phase — the “biggest wave of AI” — will involve “companies using AI to be more productive.” These comments suggest that the AI boom has only just begun.
Furthermore, Nvidia recently expanded its partnership with global IT consultancy company Accenture to help enterprise companies “rapidly scale their AI adoption.” To that end, Accenture launched the new Accenture Nvidia Business Group, which will be staffed by 30,000 business professionals to help customers with “process reinvention, AI-powered simulation, and sovereign AI.” Accenture noted in the press release that generative AI drove $3 billion in bookings in its recently completed fiscal year and shows no signs of slowing.
Finally, data provided on Wednesday by Taiwan Semiconductor Manufacturing, commonly called TSMC, left no question about the ongoing demand for AI. The company released its September Revenue Report, which reported quarterly revenue of 759.7 billion New Taiwan dollars ($24.6 billion), increasing 39% year over year and coasting past Wall Street’s consensus estimate of NT$748. Nvidia is one of TSMC’s largest customers, accounting for roughly 11% of sales last year. This suggests that AI-related demand remains strong for Nvidia as well.
The evidence is clear
Nvidia investors have been on a non-stop thrill ride since early last year. The company’s fiscal 2025 second-quarter results help illustrate its success. For the fiscal 2025 second quarter (ended July 28), Nvidia delivered record revenue that grew 122% year over year to $30 billion, fueled by record data center revenue of $26.3 billion, up 154%. Profits also soared as diluted earnings per share (EPS) of $0.67 surged 168%.
Nvidia won’t report its fiscal third-quarter results until late November, so we won’t know for sure until then. However, if the latest developments are any indication, Nvidia should have another strong showing in the works.
The company’s forecast is calling for revenue of $32.5 billion, which would represent year-over-year growth of 79%, with a corresponding increase in profitability. While that’s slower than the triple-digit growth investors had become accustomed to, it’s remarkable nonetheless.
Then there’s the matter of Nvidia’s valuation. At 62 times earnings, it certainly appears expensive — at least at first glance. However, Wall Street is forecasting EPS of $4.02 for Nvidia’s fiscal year that begins in January. That works out a forward price-to-earnings (P/E) ratio of 33, which is only slightly higher than the multiple of 30 for the S&P 500.
For me, the evidence is clear: Nvidia stock is still a buy.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
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Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of October 7, 2024
Danny Vena has positions in Nvidia and Super Micro Computer. The Motley Fool has positions in and recommends Accenture Plc, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2025 $290 calls on Accenture Plc and short January 2025 $310 calls on Accenture Plc. The Motley Fool has a disclosure policy.
Is It Too Late to Buy Nvidia Stock? Evidence Is Piling Up That Provides a Compelling Answer. was originally published by The Motley Fool
Unity Bancorp Reports Quarterly Earnings of $10.9 Million
CLINTON, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. UNTY, parent company of Unity Bank, reported net income of $10.9 million, or $1.07 per diluted share, for the quarter ended September 30, 2024, compared to net income of $9.5 million, or $0.93 per diluted share for the quarter ended June 30, 2024. This represents a 15.3% increase in net income and a 15.1% increase in net income per diluted share. For the nine months ended September 30, 2024, Unity Bancorp reported net income of $29.9 million, or $2.94 per diluted share, compared to net income of $29.9 million, or $2.88 per diluted share, for the nine months ended September 30, 2023. This represents no change in net income and a 2.1% increase in net income per diluted share, reflecting the Company’s repurchase of outstanding shares.
James A. Hughes, President and CEO, commented on the financial results: “We are excited to announce the highest quarterly earnings results in the Unity Bancorp Inc.’s history. For the quarter, we achieved $10.9 million of net income, equivalent to $1.07 per diluted share. Our net interest margin expanded to 4.16% and we delivered an impressive ROA of 1.76% and ROE of 15.55%.
In the third quarter, our organization demonstrated its commitment to granting credit to small and medium-sized businesses operating in our local communities. Gross loans grew $46.9 million, or 2.2%, and commercial loans grew $50.6 million, or 3.8%, sequentially.
We have also benefited from continued deposit momentum, with customer deposits growing $42.6 million, or 2.4% sequentially. Deposits will continue to be the fuel that enables our credit growth. We look forward to continuing to support our communities by growing loans and deposits in tandem.
In September, the Federal Reserve cut short-term interest rates 50 basis points, signaling a change to the operating environment. At Unity, we are able to maintain strong profitability metrics in all interest rate scenarios. We will continue to manage our interest rate sensitivity, maintain a conservative capital position and ensure ample liquidity levels. Our asset quality ratios remain favorable and we closely monitor and manage our nonperforming and past-due credit relationships.
Lastly, our strong financial results are a reflection of our talented employee base. Their hard work and dedication to our company significantly support the local economies of the communities we serve.”
For the full version of the Company’s quarterly earnings release, including financial tables, please visit News – Unity Bank (q4ir.com).
Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $2.0 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its robust branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com, or call 800-618-BANK.
This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the Company’s control and could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, and the impact of any health crisis or national disasters on the Bank, its employees and customers, among other factors.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
News Media & Financial Analyst Contact:
George Boyan, EVP and CFO
(908) 713-4565
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Producer Inflation Rises More Than Expected In September As Food, Transportation Costs Jump
Price pressures on U.S. producers jumped unexpectedly in September, mirroring a similar trend observed in consumer inflation data reported a day earlier.
The Producer Price Index (PPI) rose more sharply than anticipated in September, and the August reading was upwardly revised. Core producer prices — excluding energy and food — also climbed more than forecasted.
Prior to the release of the PPI report, traders had assigned a nearly 85% chance of a 25-basis-point interest rate cut in November.
September Producer Price Index Report: Key Highlights
- Headline PPI for final demand rose by 1.8% year-over-year in September, down from an upwardly revised 1.9% in August. This outcome was slightly above economist expectations of 1.6%, as tracked by TradingEconomics.
- On a monthly basis, PPI flattened, decelerating from August’s reading and coming in below the forecasted 0.1% increase.
- Food costs soared by 1% month-over-month, recording the largest increase since February.
- A significant factor in the September rise in prices for final demand services was a 3% increase in the index for deposit services.
- Other contributing indexes included machinery and vehicle wholesaling, furniture retailing, software publishing for desktop and portable devices, apparel wholesaling, and airline passenger services, all of which saw gains
- Core PPI soared to 2.8% year-over-year in September, up from August’s 2.4% and slightly above market expectations of 2.7%.
- On a month-over-month basis, core PPI rose 0.2%, down from August’s 0.2% pace and matching forecasts.
| PPI Metrics | September 2024 | August 2024 | Econ. consensus |
|---|---|---|---|
| Headline PPI (YoY) | 1.8% | 1.9% (upwardly revised from 1.7%) |
1.6% |
| Headline PPI (MoM) | 0.0% | 0.2% | 0.1% |
| Core PPI (YoY) | 2.8% | 2.4% | 2.7% |
| Core PPI (MoM) | 0.2% | 0.3% | 0.2% |
Market Reactions
November interest rate cut expectations a marginal downward move after the release.
The U.S. dollar index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF UUP, as Treasury yields inched higher.
Notably, 30-year yields were up by 5 basis points to 4.41%, the highest since late July. As such, the iShares 20+ Year Treasury Bond ETF TLT was 0.7% lower during the premarket trading in New York, eyeing a 10-week low.
Futures on the S&P 500 were unchanged, while contracts on the tech-heavy Nasdaq 100 eased 0.2%. On Wednesday, , the SPDR S&P 500 ETF Trust SPY closed 0.2% lower.
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Grown Rogue Secures $800K, Vireo Forfeits 4.5M Warrants In Cannabis Shakeup—What's Next For Both?
Grown Rogue International Inc. GRIN GRUSF a craft cannabis company based in Oregon’s Rogue Valley announced the termination of its advisory agreement with Vireo Growth Inc. VREO VREOF as of September 30, 2024.
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The Deal
The deal, in place for 18 months, saw Grown Rogue providing advisory services to Vireo’s cultivation operations across several markets, including New Jersey.
As part of the termination, Vireo will forfeit 4.5 million of the 8.5 million warrants it held in Grown Rogue, with a strike price of CAD $0.225, equivalent to approximately $759,375.
Additionally, Vireo has agreed to pay Grown Rogue $800,000, with the option to defer the payment in four quarterly installments of $250,000. Grown Rogue will retain 10 million Vireo warrants and receive full fees for services rendered during Q3.
Read Also: Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves
CEO Obie Strickler of Grown Rogue expressed gratitude for the collaboration, emphasizing that the agreement helped Grown Rogue sharpen its strategy for national expansion. The company now plans to apply these learnings to its New Jersey operations and expand into Illinois in 2025.
Leadership Transition At Vireo Growth
On the same day, Vireo announced a leadership transition, with Amber Shimpa stepping into the role of CEO. Shimpa, with the company since 2014, previously served as President. She replaces Josh Rosen, who resigned from his role as CEO and interim CFO but will remain an advisor. Vireo also appointed Joe Duxbury as interim CFO.
Shimpa’s leadership will focus on the company’s upcoming expansion into Minnesota’s adult-use market next year.
Read Next: Hold My Beer: Breweries Offer THC On Tap In Minnesota, What Investors Need To Know
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US Banks Top Q3 Earnings Estimates: JPMorgan Delivers 'Robust Beat,' Financial Sector Stocks Hit Record Highs
The U.S. financial sector kicked off the third-quarter earnings season on a high note as major players, including JPMorgan Chase & Co. JPM, Wells Fargo Corp. WFC, Bank of New York Mellon Corp. BK, and BlackRock Inc. BLK, all beat analyst expectations for earnings per share (EPS).
These results mark a strong start for the financial industry. Shares of each bank responded positively, with notable gains across the board.
The Financial Select Sector SPDR Fund XLF rallied nearly 2% to fresh record highs, eyeing the strongest-performing day since November 2023.
Chart: XLF ETF Sets New All-Time Highs As Major Banks Report Strong Q3 Earnings
JPMorgan Chase Q3 2024: A Beat Across The Board
JPMorgan Chase delivered another standout performance last quarter, surpassing both top and bottom-line estimates. The bank reported an EPS of $4.37, well above the analyst consensus of $4.00.
Revenue came in at $43.32 billion, topping estimates of $41.82 billion, fueled by stronger-than-expected performance across various segments.
- Investment banking revenue: $2.35 billion vs. $2.13 billion expected
- Equities sales & trading revenue: $2.62 billion vs. $2.37 billion estimate
- FICC sales & trading revenue: $4.53 billion vs. $4.36 billion expected
- Net interest income: $23.53 billion, beating the $22.8 billion estimate
The bank’s net charge-offs were $2.09 billion, below the $2.37 billion forecast, while total loans stood at $1.34 trillion, just edging past the expected $1.33 trillion. Total deposits reached $2.43 trillion, slightly above estimates.
Goldman Sachs analyst Richard Ramsden praised the bank’s “robust beat across every line,” noting JPMorgan’s operational strength. Management also raised its full-year 2024 net interest income (NII) guidance to $92.5 billion, up $1 billion from prior estimates, while slightly lowering expense forecasts.
Stock Reaction: JPMorgan shares surged over 5% in early trading, reflecting investor confidence in the bank’s strong results and upgraded outlook.
Wells Fargo: Solid Earnings But Weaker NII Guidance
Wells Fargo also posted stronger-than-expected third-quarter 2024 earnings, with EPS of $1.42, exceeding the $1.28 consensus. Total revenue reached $20.37 billion, narrowly missing the estimate of $20.41 billion.
While the bank’s net interest income (NII) fell short at $11.69 billion versus the expected $11.88 billion, its efficiency ratio of 64% matched market expectations, suggesting a steady cost-control effort.
The bank’s provision for credit losses was $1.07 billion, below the $1.34 billion consensus. Meanwhile, total average loans stood at $910.3 billion, in line with forecasts.
Wells Fargo’s CEO emphasized strong growth in fee-based revenue, which rose 16% year-over-year. However, the bank projected that NII would decline 8-9% for the full year 2024, leading to some investor caution.
“We expect a moderately positive investor response to results, as guidance implies no change to 4Q24 NII, and thus the same NII jumping off point for 2025,” Goldman Sachs’ Ramsden wrote.
Stock Reaction: Despite the slight revenue miss and cautious guidance, Wells Fargo shares jumped 5.5%, boosted by optimism about the bank’s ability to manage expenses and future growth.
Bank of New York Mellon: Strong Fee Revenue Drives Beat
Bank of New York Mellon (BNY Mellon) reported adjusted Q3 2024 EPS of $1.52, beating the analyst consensus of $1.42. The bank’s total revenue increased by 5% year-over-year to $4.648 billion, exceeding the $4.542 billion estimate. This growth was driven by a 5% rise in fee revenue, which reached $3.404 billion, bolstered by improved investment performance.
Net interest income also saw a modest 3% increase year-over-year. Meanwhile, noninterest expenses were flat at $3.1 billion, reflecting the company’s focus on efficiency savings.
BNY Mellon returned over $1 billion to shareholders through dividends and stock buybacks, achieving a 103% payout ratio year-to-date.
“The firm’s fee growth algo remains somewhat underappreciated by the market, which we think collectively sets up the stock well for durable EPS growth over the coming years and further upside to the stock,” Ramsden wrote.
Stock Reaction: Shares of BNY Mellon rose nearly 2%, and they are on track for their sixth straight session of gains, which has seen the stock hit new highs.
Read More: BNY Q3 Earnings: Fee Income Soars 5%, Setting New $50T Record In Assets Under Custody
BlackRock: Performance Fees Power Earnings Beat
BlackRock delivered strong third-quarter 2024 results, with adjusted EPS of $11.46, comfortably beating consensus estimates of $10.38.
Total revenue of $5.2 billion was 4% above analyst expectations, driven primarily by a significant outperformance in performance fees, coming in at $388 million vs. $168 million expected.
BlackRock’s organic growth was equally impressive. With $221 billion in total flows, it achieved 8% annualized organic growth for the quarter.
This strong performance underscored BlackRock’s ability to capitalize on favorable market conditions and maintain its leadership in asset management.
“We think BLK’s 3Q results clear a relatively high bar underscored by accelerating flow trends,” Ramsden said.
Stock Reaction: BlackRock shares surged over 4%, hitting record highs and marking the stock’s strongest session of the year.
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Corporate and Municipal CUSIP Request Volumes Slow in September
NORWALK, Conn., Oct. 11, 2024 (GLOBE NEWSWIRE) — CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2024. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a decrease in request volume for new corporate and municipal identifiers.
North American corporate CUSIP requests totaled 7,160 in September, which is down 5.8% on a monthly basis. On a year-over-year basis, North American corporate requests closed the month up 4.3%. The monthly decline in volume was driven by a 7.7% decrease in request volume for U.S. corporate equity identifiers and a 10.0% decrease in request volume for Canadian corporate identifiers. Request volumes for short-term certificates of deposit (-5.4%) and longer-term certificates of deposit (-19.1%) also fell in September.
The aggregate total of identifier requests for new municipal securities – including municipal bonds, long-term and short-term notes, and commercial paper – fell 10.2% versus August totals. On a year-over-year basis, overall municipal volumes are up 7.2%. Texas led state-level municipal request volume with a total of 167 new CUSIP requests in September, followed by New York (134) and California (69).
“While CUSIP request volume is down across most asset classes, this month, that is largely a reflection of difficult comparisons to last month, where we saw a significant surge in new issuance activity,” said Gerard Faulkner, Director of Operations for CGS. “On an annualized basis, we’re seeing a positive trend in CUSIP request volume as we turn the corner to the fourth quarter.”
Requests for international equity CUSIPs fell 9.5% in September and international debt CUSIP requests rose 13.2%. On an annualized basis, international equity CUSIP requests are down 2.4% and international debt CUSIP requests are up 100.3%.
To view the full CUSIP Issuance Trends report for September, please click here.
Following is a breakdown of new CUSIP Identifier requests by asset class year-to-date through September 2024:
| Asset Class | 2024 YTD | 2023 YTD | YOY Change | |
| International Debt | 4,732 | 2,363 | 100.3% | |
| Long-Term Municipal Notes | 533 | 302 | 76.5% | |
| Private Placement Securities | 3,331 | 2,562 | 30.0% | |
| U.S. Corporate Debt | 18,845 | 15,372 | 22.6% | |
| U.S. Corporate Equity | 8,783 | 7,503 | 17.1% | |
| Syndicated Loans | 2,226 | 1,945 | 14.4% | |
| Municipal Bonds | 7,452 | 6,970 | 6.9% | |
| Canada Corporate Debt & Equity | 4,520 | 4,299 | 5.1% | |
| International Equity | 1,135 | 1,163 | -2.4% | |
| CDs > 1-year Maturity | 6,558 | 7,362 | -10.9% | |
| Short-Term Municipal Notes | 862 | 1,025 | -15.9% | |
| CDs < 1-year Maturity | 7,602 | 9,136 | -16.8% | |
About CUSIP Global Services
CUSIP Global Services (CGS) is the global leader in securities identification. The financial services industry relies on CGS’ unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 50 plus years has helped CGS earn its reputation as the industry standard provider of reliable, timely reference data. CGS is also a founding member of the Association of National Numbering Agencies (ANNA) and co-operates ANNA’s hub of ISIN data, the ANNA Service Bureau. CGS is managed on behalf of the American Bankers Association (ABA) by FactSet Research Systems Inc., with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.
About The American Bankers Association
The American Bankers Association is the voice of the nation’s $24 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19 trillion in deposits and extend $12.4 trillion in loans.
For More Information:
John Roderick
john@jroderick.com
+1 (631) 584.2200
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Beverage Packaging Market is Anticipated to Grow at a CAGR of 4.7% through 2031, Claims SkyQuest Technology
Westford, USA, Oct. 11, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global beverage packaging market will attain a value of USD 196.23 billion by 2031, with a CAGR of 4.7% over the forecast period 2024 to 2031. Rapidly increasing industrialization and advancements in chemical manufacturing technologies are forecasted to bolster the sales of beverage packaging over the coming years. High demand for agrochemicals in the wake of rapidly increasing global population also offers lucrative opportunities for beverage packaging companies.
Download a detailed overview: https://www.skyquestt.com/sample-request/beverage-packaging-market
Browse in-depth TOC on “Beverage Packaging Market” Pages – 197, Tables – 95, Figures – 76
Report Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $144.1 Billion |
| Estimated Value by 2031 | $196.23 Billion |
| Growth Rate | Poised to grow at a CAGR of 4.7% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Packaging, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the world |
| Report Highlights | Updated financial information/product portfolio of players |
| Key Market Opportunities | Development of sustainable and eco-friendly Beverage Packaging |
| Key Market Drivers | Growing use of Beverage Packaging in different manufacturing applications |
Versatility of Plastic Allows it Remain the Preferred Material for Beverage Packaging
Plastic has emerged as a popular choice for packaging liquid and beverages since the 1970s and its popularity has never slowed down. From being cost-effective to lightweight, plastic helps companies deliver their beverages in a safe way while being highly profitable. Easy branding and marketing opportunities offered by versatility of plastic material will also help the dominance of this segment.
Demand for Beverage Packaging for Water is Slated to Surge at Notable Pace
Growing awareness regarding the importance of hydration among people and rising consumption of different types of water ranging from spring to black are helping create new opportunities in the market. Demand for sustainable and eco-friendly beverage packaging is estimated to surge at an impressive pace over the coming years. Use of recycled materials for water packaging will be a major trend for beverage packaging companies in the long run.
Presence of Key Beverage Manufacturers Helps Asia Pacific Emerge as Leader
Evolving consumer preferences and changing lifestyles are expected to bolster the demand for new beverages thereby also driving beverage packaging market growth. Rapidly increasing population in the Asia Pacific region, rising disposable income, and supportive government initiatives for manufacturing industries make this a highly rewarding market for beverage packaging companies. Consumerist economies of India and China are slated to spearhead the demand for beverage packaging in this region.
Request Free Customization of this report: https://www.skyquestt.com/speak-with-analyst/beverage-packaging-market
Beverage Packaging Market Insights:
Drivers
- Rising demand for different types of beverages
- Evolving consumer preferences and lifestyle changes
- Growing beverage manufacturing activity
Restraints
- Ban on use of plastic in different countries
- Fluctuations in availability and pricing of raw materials
Prominent Players in Beverage Packaging Market
- Amcor Limited
- Ardagh Group S.A.
- Ball Corporation
- Berry Global Inc.
- Crown Holdings, Inc.
- Mondi plc
- Orora Packaging Australia Pty Ltd
- SIG Combibloc Group AG
- Smurfit Kappa Group PLC
- Sonoco Products Company
Key Questions Answered in Beverage Packaging Market Report
- What drives the global market growth?
- Who are the leading beverage packaging providers in the world?
- Which region leads the demand for beverage packaging in the world?
Is this report aligned with your requirements? Interested in making a Purchase – https://www.skyquestt.com/buy-now/beverage-packaging-market
This report provides the following insights:
- Analysis of key drivers (rising demand for different types of beverages, evolving consumer preferences and lifestyle changes, growing beverage manufacturing activity), restraints (fluctuations in raw material pricing, bans on use of plastic), and opportunities (development of eco-friendly and sustainable beverage packaging), influencing the growth of Beverage Packaging market.
- Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.
- Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Beverage Packaging market.
- Market Development: Detailed analysis of potential regions where the market has potential to grow.
- Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.
- Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.
Related Reports:
Sodium Nitrate Market: Global Opportunity Analysis and Forecast, 2024-2031
Lubricant Additives Market: Global Opportunity Analysis and Forecast, 2024-2031
Green Chemicals Market: Global Opportunity Analysis and Forecast, 2024-2031
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
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Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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Dow Jones Futures Fall; Tesla Stock Tumbles After Robotaxi Event; JPMorgan Earnings Top
Dow Jones futures were little changed early Friday, while S&P 500 futures and Nasdaq futures fell slightly.
Elon Musk showed off the Cybercab and Robovan at Thursday night’s Tesla robotaxi event. He once again sees self driving “next year.” There was no sighting or mention of an “affordable EV” expected in early 2025. Tesla (TSLA) fell solidly in premarket trading, while Uber Technologies (UBER) jumped.
JPMorgan Chase (JPM) kicked off bank earnings Friday morning, rising on strong results and net interest income guidance.
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This Leading Chip Stock’s Earnings Could Be Barometer For AI Spending Strength
The stock market fell slightly Thursday amid talk of a Fed rate-cut “pause.” Nvidia (NVDA) resumed its strong run, with several tech plays making bullish moves.
Dow Jones Futures Today
Dow Jones futures were even vs. fair value, with JPMorgan providing a lift. S&P 500 futures edged lower and Nasdaq 100 futures fell 0.2%, with Tesla a drag.
Crude oil futures fell slightly.
Overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
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Tesla Robotaxi Event
At the Tesla robotaxi event, Elon Musk rode the two-seat Cybercab, with butterfly doors and no steering wheel, briefly to the stage.
Musk expects the Cybercab price tag will be below $30,000, with production starting “before 2027.”
Further, he expects “fully autonomous unsupervised FSD in California and Texas next year — that’s with the Model 3 and Model Y.”
However, he admitted, “I tend to be a little optimistic with time frames.”
Elon Musk has said for years that Tesla would achieve self-driving “this year” or “next year,” while production targets often slip considerably. He also didn’t offer new evidence that Tesla FSD was making progress toward actual self-driving.
Musk didn’t offer significant details about business models, such as a ride-hailing service. There had been speculation that Tesla would launch a ride-hailing service with human drivers.
He also showed off a large Robovan, but with no timing on when that will go into production.
Musk also showed off the latest Optimus robot, with a handful walking around. He expects that the cost could be $25,000-$30,000 when produced at scale.
Notably, Tesla did not show or even mention an “affordable” vehicle. It’s supposed to enter production by mid-2025, but there have been no images of that, let alone a prototype. An affordable EV is key to Tesla’s near-term efforts to boost deliveries and use up excess capacity at its existing plants.
Tesla is pushing hard to boost sales and FSD take rates in Q4. On Thursday, Tesla will again let owners transfer FSD to a new Model 3, Y, S or X through Dec. 31. That comes on the heels of 0% financing for Model 3 and Y buys that include buying FSD.
Tesla Stock Tumbles
Tesla stock sold off 6% in premarket trading, threatening to undercut the 50-day line. Shares fell nearly 1% to 238.77 Thursday.
The EV giant has a 264.86 cup-with-handle buy point, according to MarketSurge. The 250 area offers an early entry.
The initial negative reaction to the Tesla robotaxi is a positive for ride-hailing giants Uber and Lyft (LYFT). Both jumped, with Uber stock set to break out.
Bank Earnings
JPMorgan earnings and revenue topped, with investment banking revenue above targets. The Wall Street giant added $1 billion to net reserves for credit losses, slightly more than expected. JPMorgan guided slightly higher on full-year net interest income, just a few weeks after warning that analyst estimates on NII were too high. JPMorgan stock advanced slightly in premarket trade. Shares are working on a flat base, just above its 50-day line.
Wells Fargo (WFC) topped EPS estimates, but revenue and net interest income slightly missed. Wells Fargo, which has lagged other banks, climbed modestly before Friday’s open, potentially breaking a trendline entry.
Asset management giant BlackRock (BLK) easily beat Q3 views before the open, with assets under management nearly hitting $11.5 billion. Blackrock stock, extended from buy points, was up modestly.
Stock Market Rally Thursday
CPI inflation came in hot and Atlanta Fed President Raphael Bostic raised the possibility of a November rate-cut “pause.” But the major stock indexes barely dipped.
The Dow Jones Industrial Average fell 0.1% in Thursday’s stock market trading. The S&P 500 index slipped 0.2% after hitting a record high Wednesday. The Nasdaq lost a fraction. The small-cap Russell 2000 declined 0.55%, but rebounded off its 50-day.
Many leading stocks made bullish moves, including AI play Samsara (IOT) and cybersecurity stocks Palo Alto Networks (PANW) and Fortinet (FTNT). Meanwhile, some techs are racing up from the bottom, including AI IPO Astera Labs (ALAB), Cloudflare (NET) and Datadog (DDOG).
ADMA Biologics (ADMA) dived 16%, knifing through its 50-day line. The big 2024 winner announced that its auditor is resigning.
Insurers, including Brown & Brown (BRO), reversed lower Thursday. They’ve had some swings this week due to Hurricane Milton.
U.S. crude oil prices popped 3.6% to $75.85 a barrel. The 10-year Treasury yield climbed three basis points to 4.09%, continuing a big run.
Nvidia stock is on IBD Leaderboard and SwingTrader. Samsara stock, Fortinet and Nvidia are on the IBD 50. Samsara was Thursday’s IBD Stock Of The Day.
ETFs
Among growth ETFs, the Innovator IBD 50 ETF (FFTY) fell 1.3%, hit by ADMA stock. The iShares Expanded Tech-Software Sector ETF (IGV) climbed 0.7%. The VanEck Vectors Semiconductor ETF (SMH) dipped 0.2%, even with Nvidia stock the dominant holding.
ARK Innovation ETF (ARKK) retreated 1%. Tesla stock remains a major holding across Ark Invest’s ETFs. Cathie Wood also owns a lot of Nvidia.
Nvidia AI Chips Sold Out
Nvidia stock rose 1.6% on Thursday, 134.81, still in buy range from various entries, including the Aug. 26 high of 131.26. Since testing its 50-day line on Oct. 1, NVDA stock has jumped 15.2%.
Nvidia executives told Morgan Stanley analysts that production of Blackwell artificial intelligence processors is in full swing, with the next-generation AI chips sold out for the next 12 months.
Advanced Micro Devices (AMD) on Thursday unveiled its upcoming Blackwell rival, with Instinct MI325X production starting by year-end. CEO Lisa Su predicted a $500 billion market for AI accelerators by 2028. AMD stock, which has lagged Nvidia and many other AI chip names, fell 4% Thursday.
What To Do Now
The stock market rally continues to act well. You can keep making incremental buys. If you already have heavy exposure, you might offset new buys by trimming or exiting relative laggards.
But if you’ve built up your portfolio and those stocks are working, let those positions work for the most part.
Keep updating your watchlists, reviewing your holdings and staying engaged.
Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
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