NEWS

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Machine data data analytics specialist Splunk reported mixed first quarter earnings, missed on revenue but beat on earnings. $SPLK traded sharply down initially but bounced after the conference call focused on the successful shift to a SaaS model accelerating with cloud driving.

Graphic Chips maker NVidia reported better than expected first quarter earnings and revenue after the close Thursday. $NVDA data center business reported over $1 billion in revenue for the first time. The cloud, to the edge, where GPU-accelerated 5G, AI and IoT will revolutionize the world’s largest industries.

Natural gas futures were lower after an expected build of +81 Bcf in natural gas storage last week. Ahead we focus on cold weather and the coronavirus effect, LNG and Mexican exports and the winter outlook for the US.

The impact of the coronavirus pandemic on UK Premier League club Manchester United has been severe. $MANU Slipped to a pre-tax loss in quarter ended 31 March. Broadcasting revenue fell by 517%. Net debt increased by £127.4m to £429 sending finance costs higher as the football seasons were postponed.

Video game publisher Take-Two Interactive Software reported better than expected earnings Tuesday. $TTWO names NBA® 2K20 and NBA 2K19, Grand Theft Auto® Online and Grand Theft Auto V, Red Dead Redemption 2 and Red Dead Online, Borderlands 3, Sid Meier’s Civilization® VI, Social Point’s mobile games, and WWE® SuperCard and WWE 2K20 helped raise guidance..

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