4 stocks to watch on Thursday: Nvidia, Best Buy and more
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Strong earnings from Nvidia pushed the Nasdaq futures higher in premarket trading on Thursday. This followed a modest decline posted in the previous day. Here are some stocks to watch on Thursday:

Nvidia (NASDAQ:NVDA) soared more than 27% in premarket trading after the semiconductor giant reported Street-beating results and issued a standout forecast. The company recorded Q1 revenue of $7.19B, down 13% from last year but 19% higher than the previous quarter. For Q2, NVDA predicted revenue of $11B, well above analysts' projection.

The release of earnings news prompted a premarket surge in Best Buy (BBY). While the electronics retailer announced revenue that dropped 11% from last year, the firm's earnings figure came in above analysts' consensus. Shares rose about 5% before the opening bell.
Medtronic (MDT) reported quarterly results that topped projections on its top and bottom line. However, the firm issued a 2024 forecast below analysts' projection, with the medical device maker predicting non-GAAP EPS for the year of $5.00-$5.10. Wall Street experts were looking for $5.20.
Costco (COST) is slated to announce its quarterly results after the closing bell. Analysts expect the firm to post a profit of $3.31 per share, with revenue rising about 3% to $54.6B. With gains seen early in the year, shares of the retailer have climbed about 7% so far in 2023.


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