CPB Aug 2024 47.000 call

GameStop saga, Nvidia vs. Apple, Campbell Soup CEO: Catalysts

The May jobs report revealed a hotter-than-expected addition of 272,000 nonfarm jobs to the US economy, over 90,000 more than economists predicted. Shares of popular meme stock GameStop (GME) are falling after the company announced it would sell 75 million class A shares of its stock. In addition, popular social media meme stock investor Keith Gill is set to host a YouTube livestream on Friday discussing the stock.  Tech giant Nvidia (NVDA) briefly saw its valuation surpass the $3 trillion mark this week, temporarily dethroning Apple (AAPL) as the second most valuable company in the world. This achievement cements Nvidia's position alongside tech titans Microsoft (MSFT) and Apple as the only companies to have attained such a feat. The Campbell Soup Company (CPB)posted its third quarter earnings, revealing a 6% year-over-year increase in net sales that totaled $2.23 billion. The company says the sales were due in part to its acquisition of Sovos Brands. Campbell CEO Mark Clouse sits down with Yahoo Finance Executive Editor Brian Sozzi to give insight into the company's earnings. For more expert insight and the latest market action, click here This post was written by Nicholas Jacobino