Trending tickers: Shell, Nvidia, Flutter Entertainment, Topps Tiles

London: Shell’s shares dropped over 1% after they shared a trading update ahead of their full-year results due on January 30. They’ve cut their LNG forecast for late 2024 due to a production dip, expecting profits to be much lower than before.

Shell, the biggest LNG trader globally, is feeling the heat. Their oil refining margins are also down, sitting at about $5.50 a barrel, which is a significant drop from last year.

In other news, Nvidia’s stock fell more than 6% after hitting a record high. Traders are still processing CEO Jensen Huang’s updates from the CES tech show in Las Vegas, where he introduced new gaming chips and an AI model called Cosmos.

Analysts are still optimistic, with many maintaining their buy ratings. They believe Nvidia is well-positioned for growth across various sectors, including autonomous vehicles and robotics.

Flutter Entertainment is facing some pressure too. They downgraded their US revenue guidance due to unexpected sports results, expecting about $370 million less than previously estimated.

They noted that this NFL season has been particularly favorable for customers, which has impacted their earnings. Despite this, Flutter remains confident in their long-term growth plans.

Meanwhile, Topps Tiles reported a 4.6% sales increase year-on-year, with a notable 12.9% rise in the last five weeks. Their growth strategy seems to be paying off, even as their CEO plans to step down after 18 years.

Overall, it’s a mixed bag for these companies, with some facing challenges while others show promising growth.