Dow Jones Today: Stock Futures Treading Water as Investors Prepare for Nvidia Earnings Report

MongoDB Levels to Watch as Stock Soars After Earnings

29 minutes ago

MongoDB (MDB) shares soared over 30% Wednesday morning after the database software provider lifted its full-year outlook and topped Wall Street’s quarterly sales expectations.

The company said revenue from its flagship Atlas platform jumped 29% year-over-year in the second quarter, while subscription revenue climbed 23%. The software provider also said it added a record 5,000 customers in the first half of the year, boosted by growing demand from users building artificial intelligence applications.

Heading into the company’s report, MongoDB shares were down about 8% for the year amid some concerns about increasing competition and slowing enterprise spending, with Wednesday’s gains bringing the stock back into positive territory for 2025.

MongoDB shares have consolidated near the key 50- and 200-day moving averages in recent weeks, potentially signaling accumulation by larger market participants ahead of the company’s quarterly results.

The stock also registered its highest trading volume since early June, indicating some investors positioned for post-earnings volatility.

Investors should watch overhead areas on MongoDB’s chart around $295, $350 and $440, while also monitoring major support levels near $252 and $215.

The stock was up 33% at $287 recently.

Read the full technical analysis piece here.

–Timothy Smith

What Analysts Think of Nvidia Ahead of Earnings

1 hr 50 min ago

Nvidia (NVDA) is set to release its latest quarterly results after the market closes Wednesday, with analysts expecting the company’s sales could reach another record high, despite an anticipated hit from export curbs.

The AI chipmaker is projected to report adjusted earnings per share of $1.02 for the second quarter on an over 50% year-over-year jump in revenue to $46.52 billion, according to consensus estimates compiled by Visible Alpha. CEO Jensen Huang could also provide more details during the company’s earnings call about the timing of new products, including Nvidia’s next-generation Rubin lineup and a more powerful AI chip tailored for China’s market.

In May, Nvidia warned it could face an $8 billion hit from China export restrictions, and although the company recently struck a 15% revenue-sharing agreement with the Trump administration to resume sales of its H20 chip in China, Wednesday’s report will still reflect the full impact of the restrictions. 

Despite near-term trade policy headwinds, Wall Street analysts are overwhelmingly bullish on the chipmaker’s prospects. Of the 14 analysts with current ratings surveyed by Visible Alpha, 13 call the stock a “buy,” compared to one “hold” rating. Their targets range from $155 to $225, with the majority above $200, suggesting significant upside from the stock’s current price around $181.

“Expectations have risen ahead of Nvidia’s earnings, and we think rightfully so,” Morgan Stanley analysts said last week, as they raised their target to $206 from $200, citing strong AI demand signals. UBS also raised its target, to $205 from $175, while Wedbush boosted its to $210 from $175.3

Shares of Nvidia were down slightly in early trading Wednesday. The stock has gained 35% since the start of 2025.

–Kara Greenberg

Cracker Barrel Stock Jumps as Company Brings Back Old Logo

2 hr 25 min ago

Shares of Cracker Barrel Old Country Store (CBRL) jumped in early trading Wednesday, a day after the restaurant chain reversed a controversial change in its logo.

The company wrote on the social media site X that it thanked “our guests for sharing your voices and love for Cracker Barrel,” and after listening to them, “our new logo is going away and our ‘Old Timer’ will remain.”

The stock was up 6% in recent trading, boosting its year-to-date gain to 16%.

Cracker Barrel shares plunged following backlash from the change made earlier this month. Seeking a younger audience, it had done away with the logo featuring a man leaning on a barrel, replacing it with just the Cracker Barrel name.

However, the reaction was strongly negative, with even President Donald Trump chiming in Tuesday morning, saying the company “should go back to the old logo, admit a mistake based on customer response (the ultimate Poll), and manage the company better than ever before.” Following the decision, Trump weighed in again, congratulating Cracker Barrel, adding that “your fans very much appreciate it.”

–Bill McColl

Major Index Futures Inch Higher

3 hr 53 min ago

Futures tied to the major U.S. indexes were up 0.1% in recent trading.

Dow Jones Industrial Average futures

S&P 500 futures

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