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Market Rebounds on Fed's Rate-Cut Talks and Nvidia's ...
2024-08-27 23:55:08
Markets
Stocks
Economy

Market Rebounds on Fed's Rate-Cut Talks and Nvidia's Anticipated Earnings

Image courtesy of : AFP (SPENCER PLATT)

Stocks trade mixed as Dow hits record highs on dovish Fed shift, upcoming Nvidia earnings, and rebound from August lows amidst economic data and geopolitical tensions. Investors await Nvidia's earnings as a key driver for market rally after Fed hints at rate cuts.

Nvidia's impressive growth and market expectations position it as a top AI stock to watch. Fundstrat's Tom Lee examines market resilience post-volatility, focusing on Fed's rate cut possibilities and tech opportunities, particularly Nvidia's fiscal performance.

Related news on that topic:

Futures inch up with eye on interest rates, Nvidia results

U.S. stock futures rise slightly as investors await Nvidia's earnings and key economic data. Nvidia's chips are widely used in AI, and its results on Wednesday are highly anticipated. Other chip stocks like Broadcom and Advanced Micro Devices also rose, but the Philadelphia SE Semiconductor index declined over 2.5% on Monday. Investors are optimistic about lower borrowing costs, with traders betting on a rate cut in September. The July Personal Consumption Expenditure data on Friday could provide more clarity on the central bank's policy easing. UBS Global Wealth Management has raised the odds of a U.S. recession to 25% from 20%. Paramount Global slid 2.5% after media veteran Edgar Bronfman Jr withdrew from the race for the company, clearing the way for Skydance Media to take control of Shari Redstone's media empire. European stocks rose 0.3% as investors eyed US inflation and Nvidia's earnings. Morgan Stanley revealed its top stock picks, including Nvidia.

Nvidia's Earnings Report: Market Expectations and Potential Impact

Analysts remain bullish on Nvidia, anticipating strong Q2 results and significant growth potential. With key earnings updates looming, the market is closely watching for insights on revenue, chip demand, and potential delays. Nvidia's CEO, Jensen Huang, is set to discuss Blackwell GPU issues amidst global tensions and market fluctuations. Despite positive forecasts, the market is cautious, considering potential impacts on stock performance. Amid AI trends and market dynamics, Nvidia's stock is deemed attractive for long-term investments, with a target price hike to $150 by Evercore ISI. As the market eyes Nvidia's earnings report, there's anticipation for market movements and potential shifts in stock performance.

Read 18 more recent news on this topic

The press radar on this topic:

The Street
27. August 2024 um 23:33

Fundstrat's Tom Lee updates stocks outlook as Fed rate cut bets reset TheStreet Daily Newsletter

Finance
Economy
Politics
Technology
Fundstrat's Tom Lee discusses the market's resilience after a period of volatility, including the Fed's policy decisions and the potential for rate cuts. Lee notes the downward revision of federal job growth estimates from April 2023 to March 2024, and Powell's comments at the Jackson Hole symposium. Lee also highlights opportunities in tech, particularly Nvidia's upcoming fiscal second quarter report.
Yahoo!
26. August 2024 um 13:30

Stock market today: Dow jumps to record as rate-cut bets shift, with Nvidia on horizon

Finance
Technology
Economy
Stocks traded mixed, with the Dow hitting a record high, as investors weighed the Fed's dovish pivot, Nvidia's upcoming earnings, and the market's rebound from August lows, amid economic data releases and geopolitical tensions.
focus
27. August 2024 um 16:24

Summary - Dax sets off on record hunt

Finance
Economy
Technology
The Dax gained 0.35% to 18,681.81 points. The Eurozone's leading index, EuroStoxx 50, closed just slightly in the positive. In New York, the Dow Jones Industrial lost 0.2% recently.
The Street
31. August 2024 um 16:02

Nvidia earnings key to market rally after Fed lays rate cards on table TheStreet Daily Newsletter

Finance
Technology
Economy
Nvidia, a key AI-chip maker and S&P 500 component, is a major driver of the recent market rally. However, broader market factors like Fed policy and earnings growth may be more important for further gains. S&P 500 earnings are expected to rise 12.7% in Q2, 10.1% in 2023, and 15.3% in 2024.
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