Good MorningEquity markets struggled with direction on Thursday following NVIDIA's blowout earnings report on Wednesday evening. As strong as the report is, as much outperformance relative to consensus as was displayed, the market expected nothing less, creating a sell-the-news event. The uptrend in NVIDIA will likely continue, but the correction that began earlier this summer is not over. NVIDIA's shares fell more than 6% for the session, confirming resistance at recent highs and setting up a fall that could retest the recent lows 20% below the current action. Thursday's news was not all bad. The Dow Jones Industrial Average and Russell 2000 advanced, led by the Russell. The action indicates that sector rotation is still in play, with investors moving out of tech and into a broader range of stocks, which means stock volatility will persist. The takeaway is that a correction in the S&P 500 will set up a buying opportunity for next year's winners; the questions are how deep the correction will get and how long it will last. Featured: [Goldman Sachs]: If Trump Wins… Buy Gold (Colonial Metals) |
Stocks | | A late-afternoon slide by some Big Tech companies cut into Wall Street's gains Thursday, leading to a mixed finish for U.S. stock indexes.The S&P 500 ended flat after giving up an earlier gain of nearly 1%. The benchmark index is about 1.3% away from its record set in July.The Dow Jones Industri... Read the Full Story >> |
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Markets | | Best Buy (NYSE: BBY) has been attempting to navigate a difficult retail sector environment marked by declining sales and increased competition from e-commerce giants. Best Buy’s earnings report for the second quarter of fiscal year 2025 (Q2 FY2025) was recently released, offering some prom... Read the Full Story >> |
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Markets | | Investors looking to buy into a high-quality growth name should cheer the dip in Ollie’s Bargain Outlet (NASDAQ: OLLI) share prices caused by the Q2 earnings release. The news is mixed with weakness on the bottom line, but that is the worst that can be said. All other details point to indu... Read the Full Story >> |
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Markets | | Global shares mostly rose Friday as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies.France's CAC 40 advanced 0.5% to 7,678.10 in early trading. Germany's DAX edged up nearly 0.1% to 18,927.74, while Britain's FTSE ... Read the Full Story >> |
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Markets | | Best Buy, the nation's largest consumer electronics chain, reported another quarterly drop in sales due to Americans pulling back on purchases of appliances and consumer-electronics gadgets to focus on essentials Read the Full Story >> |
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Markets | | Nvidia has once again turned out quarterly results that easily exceeded Wall Street's forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. Revenue more than doubled in the latest quarter from the same period a year earl... Read the Full Story >> |
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Markets | | Fashion retailer Abercrombie & Fitch (NYSE: ANF) posted better-than-expected earnings for its Q2 season, which ended August 3, 2024. While CEO Fran Horowitz-Bonadies expressed hesitancy about the company’s “uncertain” position, its success in realigning its offerings with con... Read the Full Story >> |
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Markets | | The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment.The Commerce Department had previously estimated that the nation's gross domestic product — the total outpu... Read the Full Story >> |
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Markets | | Applied Digital (NASDAQ: APLD) is a high-performance computing (HPC) stock that investors should be aware of. Since going public in April 2022, the company has been a horrid investment. Shares are down 56% since then. However, the average price target from Wall Street analysts who updated their... Read the Full Story >> |
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Markets | | Affirm (NASDAQ: AFRM) has seen wild fluctuations in its stock price over the past three years. Shares peaked at nearly $169 in November 2021 but are down 80% from that level today. However, shares are up 82% in the past 52 weeks. Investors might recognize the fintech company as a payment option... Read the Full Story >> |
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Friday's Early Bird Stock Of The Day Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive... | View Today's Stock Pick |
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