The Outlook NVIDIA Stock (NVDA) will rally strongly today and should be able to add at least 100 points to the NASDAQ but probably more. Earnings were far above estimates and the outlook is excellent for further growth. The splitting of the stock to 10 to 1 will also boost trading today. NVIDIA Stock (NVDA) The stock will easily hit $1000 today....
The Outlook We should see a bounce just before 2:00 PM when the latest FOMC minutes are released. After that bounce I am expecting a bit more weakness and not much of a change in the SPX ahead of NVIDIA's earnings. The earnings are released after 4:00 PM. A miss from NVIDIA Stock (NVDA) will be hard for the index on Thursday. I would expect a...
The Outlook Monday turned out as expected with the SPX closing only slightly higher, but keeping a bullish bias. Monday marked a third straight day of sideways action. We could see that break today or tomorrow as investors prepare for NVIDIA Stock (NVDA) earnings on Wednesday after the close. Updating Trades From Monday I didn't get a chance on...
The Outlook The upcoming week will be all about NVIDIA earnings due out Wednesday. Today though, we get earnings from Palo Alto Networks (PANW) and Nordson Corp (NDSN) after the close. Both of these are important and may offer a few clues on the consumer (Nordson) and corporate spending (PANW). That could help setup NVIDIA Stock (NVDA) on...
The Outlook NASDAQ trading volume on both Wednesday and Thursday are among the highest in over a year. With indexes at all-time highs, it is not strange to see volumes rise as investors take profits and reposition positions. For Friday we could see another day with some selling pressure and a lower close. The bias though is still very bullish for...
The Outlook The CPI numbers were on the low side of estimates and that cheered on investors who bought into stocks on Wednesday sending the indexes to new all-time highs. The NASDAQ saw over 9 billion shares traded, a strong signal to the upside as investors now expect the Fed to begin rate cuts by July. Whether that happens is anyone's guess....