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tag:reuters.com,2024:newsml_L1N3KF05H:0 | NI225 | Stocks stop short of record highs as Nvidia earnings loom | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-28T06:06:05+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KF05H:0-stocks-stop-short-of-record-highs-as-nvidia-earnings-loom/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}, {'symbol': 'ICEEUR:BRN1!', 'base_logoid': 'crude-oil'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}, {'symbol': 'ICEEUR:Z1!', 'base_logoid': 'indices/uk-100'}, {'symbol': 'HKEX:9633', 'base_logoid': 'nongfu-spring-co-ltd'}, {'symbol': 'FX:AUDUSD', 'logoid': 'country/US', 'base_logoid': 'country/AU'}, {'symbol': 'FX_IDC:USDJPY', 'logoid': 'country/JP', 'base_logoid': 'country/US'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'TVC:US10Y', 'base_logoid': 'country/US'}, {'symbol': 'BITSTAMP:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'TVC:GOLD', 'base_logoid': 'metal/gold'}, {'symbol': 'ICEUS:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'NYMEX:CL1!', 'base_logoid': 'crude-oil'}] | /news/reuters.com,2024:newsml_L1N3KF05H:0-stocks-stop-short-of-record-highs-as-nvidia-earnings-loom/ | EN | Global stocks were poised near record highs on Wednesday, with the next move riding on results at chipmaking market darling Nvidia, while sterling hovered near a 2-1/2-year high as traders bet that Britain will lag the U.S. in cutting interest rates.MSCI's broadest index of Asia-Pacific shares outs… | Global stocks were poised near record highs on Wednesday, with the next move riding on results at chipmaking market darling Nvidia, while sterling hovered near a 2-1/2-year high as traders bet that Britain will lag the U.S. in cutting interest rates.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dipped 0.2%. Japan's Nikkei TVC:NI225 was flat.
Oil retraced a recent spike on Middle East tensions as gloom on Chinese demand returned to the fore and Brent crude futures ICEEUR:BRN1! traded just below $80 a barrel.
Nvidia's NASDAQ:NVDA market value has ballooned thanks to its dominance of the computing hardware behind artificial intelligence. The stock price is up some 3000% since 2019 and with a market capitalisation of $3.2 trillion, a move in its shares affects the entire market.
Second-quarter revenue will likely have doubled, though even that may disappoint expectations. Options pricing shows traders anticipate a near 10% - or $300 billion - swing in market value, likely the largest earnings move of any company, ever.
The results at the "so-called 'most important company in the world,'" stand between Wall Street and fresh record highs, noted Capital.com analyst Kyle Rodda, and set the tone for the sector.
"The company's revenue and sales guidance is a barometer of AI capex, with inferences to be drawn about the health of the other mega-cap tech names," he said.
The S&P 500 SP:SPX went up about 0.2% overnight and futures CME_MINI:ES1! were steady in Asia, while Nasdaq 100 futures CME_MINI:NQ1! fell 0.1% and FTSE futures ICEEUR:Z1! rose 0.2%.
Consumer firms dragged in Hong Kong, where the Hang Seng (.HIS) slipped 1.1%, with a weak result at water bottler Nongfu Spring HKEX:9633 sending shares down 12% and coming on the heels of downbeat remarks from discount online retailer PDD Holdings.
Shares in Australian gambling company Tabcorp (TAH.AH) were headed for their largest fall since 2008, dropping 17% to a four-year low after the company warned compliance and other costs meant it would miss earnings targets.
Debt and currency markets were steady in the Asia session, though the Australian dollar FX:AUDUSD briefly popped to touch its highest since January at $0.6813 after monthly inflation data was slightly above market forecasts.
Globally, a weakening dollar in anticipation of U.S. rate cuts has lifted most other currencies because markets see U.S. short-term rates, currently above 5.25%, as having furthest to fall. The greenback steadied in the Asia session to buy 144.42 yen FX_IDC:USDJPY and was about 0.3% firmer at $1.1145 per euro.
Interest rate futures price 100 basis points of U.S. rate cuts this year and last week Fed Chair Jerome Powell endorsed the start of cuts saying "the time has come".
The tone contrasts with caution at the Bank of England, which has helped sterling FX:GBPUSD become the top-performing G10 currency with a 4.1% gain for the year-to-date.
It hit its highest in more than two years on Tuesday at $1.3269 and eased to $1.3227 in Asia trade.
"UK services sector inflation...is still uncomfortably high," Rabobank senior strategist Jane Foley said in a note.
"In our view, the BoE is likely to only cut rates once a quarter going forward," she said, against a forecast for four consecutive 25 bp cuts from the Fed from September to January.
Rates markets were steady with 10-year U.S. Treasury yields TVC:US10Y at 3.83%, two-year yields (US2YT=RR) at 3.87% and the gap between the two at its narrowest in nearly three weeks.
Heavy selling in the New York evening drove bitcoin BITSTAMP:BTCUSD down 4% on the dollar to $59,450. Gold TVC:GOLD held at $2,517 an ounce.
| indices | null | null | null |
fisco:7846c8dae8457:0 | NI225 | 日経平均大引け：前日比83.14円高の38371.76円 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-28T06:03:54+00:00 | https://ja.tradingview.com/news/fisco:7846c8dae8457:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:7846c8dae8457:0/ | JA | 日経平均株価指数は、前日比83.14円高の38371.76円で引けた。東京外国為替市場、ドル・円は15時00分現在、144.38円付近。 | 日経平均株価指数は、前日比83.14円高の38371.76円で引けた。
東京外国為替市場、ドル・円は15時00分現在、144.38円付近。
| indices | null | null | null |
tag:reuters.com,2024-08-28:newsml_AZN24KSEU:0 | NI225 | Tokyo's Nikkei share average closes up 0.22% | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-28T06:00:01+00:00 | https://www.tradingview.com/news/reuters.com,2024-08-28:newsml_AZN24KSEU:0-tokyo-s-nikkei-share-average-closes-up-0-22/ | Copyright Thomson Reuters 2024. Click For Restrictions - http://about.reuters.com/fulllegal.asp | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}, {'symbol': 'TSE:TOPIX', 'base_logoid': 'indices/topix-small'}] | /news/reuters.com,2024-08-28:newsml_AZN24KSEU:0-tokyo-s-nikkei-share-average-closes-up-0-22/ | EN | TOKYO, Aug 28 (Reuters) - Japan's benchmark Nikkei average TVC:NI225 closed up 0.22% at 38,371.76 on Wednesday, while the broader Topix TSE:TOPIX gained 0.42% at 2,691.95. | TOKYO, Aug 28 (Reuters) - Japan's benchmark Nikkei average TVC:NI225 closed up 0.22% at 38,371.76 on Wednesday, while the broader Topix TSE:TOPIX gained 0.42% at 2,691.95.
| indices | null | null | null |
fisco:94f3e5bc78457:0 | NI225 | 日経平均は39円高、米エヌビディア決算などに関心 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-28T05:42:14+00:00 | https://ja.tradingview.com/news/fisco:94f3e5bc78457:0/ | null | [{'symbol': 'TSE:6857', 'base_logoid': 'advantest'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}, {'symbol': 'TSE:4568', 'base_logoid': 'daiichi-sankyo'}, {'symbol': 'TSE:9984', 'base_logoid': 'softbank'}, {'symbol': 'TSE:9983', 'base_logoid': 'retailing'}, {'symbol': 'TSE:8035', 'base_logoid': 'tokyo-electron'}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:94f3e5bc78457:0/ | JA | 日経平均は39円高（14時40分現在）。日経平均寄与度では、アドバンテストTSE:6857、トヨタTSE:7203、第一三共TSE:4568などがプラス寄与上位となっており、一方、ソフトバンクGTSE:9984、ファーストリテTSE:9983、東エレクTSE:8035などがマイナス寄与上位となっている。セクターでは、輸送用機器、医薬品、精密機器、ゴム製品、保険業が値上がり率上位、パルプ・紙、鉱業、石油石炭製品、金属製品、水産・農林業が値下がり率上位となっている。日経平均は前日終値をはさんで推移している。米国では日本時間明日未明に、ウォラー米連邦準備理事会（FRB）理事の講演が予定されている。… | 日経平均は39円高（14時40分現在）。日経平均寄与度では、アドバンテストTSE:6857、トヨタTSE:7203、第一三共TSE:4568などがプラス寄与上位となっており、一方、ソフトバンクGTSE:9984、ファーストリテTSE:9983、東エレクTSE:8035などがマイナス寄与上位となっている。セクターでは、輸送用機器、医薬品、精密機器、ゴム製品、保険業が値上がり率上位、パルプ・紙、鉱業、石油石炭製品、金属製品、水産・農林業が値下がり率上位となっている。
日経平均は前日終値をはさんで推移している。米国では日本時間明日未明に、ウォラー米連邦準備理事会（FRB）理事の講演が予定されている。企業決算では、エヌビディア、セールスフォース、クラウドストライク・ホールディングスなどが5-7月期決算を発表する。特に、米株式市場の通常取引終了後に発表されるエヌビディア決算への関心が高い。
| indices | null | null | null |
fisco:8f22a88ca8457:0 | NI225 | 日経平均VIは低下、株価の下値堅く警戒感が緩和 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-28T05:11:44+00:00 | https://ja.tradingview.com/news/fisco:8f22a88ca8457:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:8f22a88ca8457:0/ | JA | 日経平均ボラティリティー・インデックス（投資家が将来の市場変動の大きさをどう想定しているかを表した指数）は14時10分現在、前日比-0.48（低下率2.03％）の23.17と低下している。なお、今日ここまでの高値は23.73、安値は23.07。昨日の米株式市場で主要指数が上昇したが、上昇幅は小幅にとどまり、東京市場の手掛かり材料とはなりにくい中、日経225先物は概ね小幅安水準での推移となっている。市場では今日の米株式市場の通常取引終了後に予定されている米エヌビディアの決算発表待ちといった雰囲気があるが、今日は株価の下値が堅いことからボラティリティーの高まりを警戒するムードは次第に緩和。日経V… | 日経平均ボラティリティー・インデックス（投資家が将来の市場変動の大きさをどう想定しているかを表した指数）は14時10分現在、前日比-0.48（低下率2.03％）の23.17と低下している。なお、今日ここまでの高値は23.73、安値は23.07。
昨日の米株式市場で主要指数が上昇したが、上昇幅は小幅にとどまり、東京市場の手掛かり材料とはなりにくい中、日経225先物は概ね小幅安水準での推移となっている。市場では今日の米株式市場の通常取引終了後に予定されている米エヌビディアの決算発表待ちといった雰囲気があるが、今日は株価の下値が堅いことからボラティリティーの高まりを警戒するムードは次第に緩和。日経VIは昨日の水準近辺を下回って推移している。
【日経平均VIとは】
日経平均VIは、市場が期待する日経平均株価の将来1か月間の変動の大きさ（ボラティリティ）を表す数値。日経平均株価が急落する時に急上昇するという特徴があり、日経平均株価と通常は弱く逆相関する傾向がある。一方、数値が急上昇した後に、一定のレンジ（20～30程度）に回帰するという特徴も持っている。
| indices | null | null | null |
fisco:1f54005198457:0 | NI225 | 日経平均は56円高、円弱含みで安心感 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-28T04:52:56+00:00 | https://ja.tradingview.com/news/fisco:1f54005198457:0/ | null | [{'symbol': 'TSE:6857', 'base_logoid': 'advantest'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}, {'symbol': 'TSE:4568', 'base_logoid': 'daiichi-sankyo'}, {'symbol': 'TSE:9984', 'base_logoid': 'softbank'}, {'symbol': 'TSE:9983', 'base_logoid': 'retailing'}, {'symbol': 'TSE:8035', 'base_logoid': 'tokyo-electron'}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:1f54005198457:0/ | JA | 日経平均は56円高（13時50分現在）。日経平均寄与度では、アドバンテストTSE:6857、トヨタTSE:7203、第一三共TSE:4568などがプラス寄与上位となっており、一方、ソフトバンクGTSE:9984、ファーストリテTSE:9983、東エレクTSE:8035などがマイナス寄与上位となっている。セクターでは、輸送用機器、医薬品、精密機器、保険業、サービス業が値上がり率上位、パルプ・紙、石油石炭製品、鉱業、金属製品、水産・農林業が値下がり率上位となっている。日経平均はプラス圏で堅調に推移している。外為市場でやや円安・ドル高方向への動きとなっていることや、ダウ平均先物が時間外取引で底堅く… | 日経平均は56円高（13時50分現在）。日経平均寄与度では、アドバンテストTSE:6857、トヨタTSE:7203、第一三共TSE:4568などがプラス寄与上位となっており、一方、ソフトバンクGTSE:9984、ファーストリテTSE:9983、東エレクTSE:8035などがマイナス寄与上位となっている。セクターでは、輸送用機器、医薬品、精密機器、保険業、サービス業が値上がり率上位、パルプ・紙、石油石炭製品、鉱業、金属製品、水産・農林業が値下がり率上位となっている。
日経平均はプラス圏で堅調に推移している。外為市場でやや円安・ドル高方向への動きとなっていることや、ダウ平均先物が時間外取引で底堅く推移していることなどが東京株式市場で安心感となっているようだ。
| indices | null | null | null |
tag:reuters.com,2024:newsml_L1N3KF03S:0 | SPX | Market held in thrall ahead of Nvidia numbers | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-28T04:39:23+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KF03S:0-market-held-in-thrall-ahead-of-nvidia-numbers/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'EUREX:FESX1!', 'base_logoid': 'indices/euro-stoxx-50'}, {'symbol': 'FX:GBPUSD', 'logoid': 'country/US', 'base_logoid': 'country/GB'}, {'symbol': 'CURRENCYCOM:UK100', 'base_logoid': 'indices/uk-100'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'ICEUS:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}] | /news/reuters.com,2024:newsml_L1N3KF03S:0-market-held-in-thrall-ahead-of-nvidia-numbers/ | EN | A look at the day ahead in European and global markets from Tom WestbrookNvidia NASDAQ:NVDA is holding the investment world in thrall ahead of an earnings report later today that, even if it delivers the expected doubling of second-quarter revenue, may not satisfy investors accustomed to market-mov… | A look at the day ahead in European and global markets from Tom Westbrook
Nvidia NASDAQ:NVDA is holding the investment world in thrall ahead of an earnings report later today that, even if it delivers the expected doubling of second-quarter revenue, may not satisfy investors accustomed to market-moving outperformance.
The chipmaker's market value was around $390 billion on the eve of the launch of artificial intelligence (AI) chatbot, ChatGPT, less than two years ago.
Now it is nearly $3.2 trillion, and in June it swaggered, briefly, to a turn as the most valuable company on earth, powered by chips that provide the hardware behind the AI computing boom.
Sheer size and its position as an industry bellwether mean its earnings, due after the U.S. close on Wednesday, can move the entire market.
Trade in Asia was light and moves modest ahead of the release, and European equity futures EUREX:FESX1! were flat.
Europe's data and reporting calendar is mostly bare, with Eurozone broad money growth seen rising to 2.7%, while markets are focused on Nvidia's results ahead of European and U.S. inflation measures due later in the week.
Options prices show traders have braced for a near 10% swing in Nvidia's shares when they trade on Thursday, translating in dollar terms to more than $300 billion in market value - likely the largest ever market move on an earnings report.
That would dwarf the market capitalisation of 95% of S&P 500 constituents, according to LSEG data, and probably send shockwaves through the global semiconductor sector.
Elsewhere, sterling FX:GBPUSD sat near a 2-1/2 year high on Wednesday as one of the biggest beneficiaries of a slide in the dollar. Traders anticipate about 100 basis points of U.S. interest rate cuts this year against only 40 bps in Britain.
As the markets await Nvidia's turn at centre stage, fans of Oasis, which signed its first record deal in 1993 just a few weeks after Nvidia's founding, can join the scramble for Mancunian hotel rooms after the announcement of planned Oasis reunion shows next year.
Key developments that could influence markets on Wednesday:
Earnings: Nvidia
Economics: Eurozone M3 growth, French unemployment
| indices | null | null | null |
fisco:afbb2182e8457:0 | NI225 | 後場の日経平均は107円安でスタート、太陽誘電や川崎重などが下落 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-28T03:57:54+00:00 | https://ja.tradingview.com/news/fisco:afbb2182e8457:0/ | null | [{'symbol': 'TSE:7003', 'base_logoid': 'mitsui-e-and-s-holdings-co'}, {'symbol': 'TSE:3436', 'base_logoid': 'sumco'}, {'symbol': 'TSE:6976', 'base_logoid': 'taiyo-yuden'}, {'symbol': 'TSE:7012', 'base_logoid': 'kawasaki-heavy-industries'}, {'symbol': 'TSE:9984', 'base_logoid': 'softbank'}, {'symbol': 'TSE:8035', 'base_logoid': 'tokyo-electron'}, {'symbol': 'TSE:3382', 'base_logoid': 'seven-and-i-holdings'}, {'symbol': 'TSE:3697', 'base_logoid': 'shift'}, {'symbol': 'TSE:6762', 'base_logoid': 'tdk'}, {'symbol': 'TSE:7013', 'base_logoid': 'ihi-oration'}, {'symbol': 'TSE:4755', 'base_logoid': 'rakuten'}, {'symbol': 'TSE:6315', 'base_logoid': 'towa'}, {'symbol': 'TSE:7936', 'base_logoid': 'asics'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}, {'symbol': 'TSE:6857', 'base_logoid': 'advantest'}, {'symbol': 'TSE:4568', 'base_logoid': 'daiichi-sankyo'}, {'symbol': 'TSE:6920', 'base_logoid': 'lasertec'}, {'symbol': 'TSE:3498', 'logoid': '', 'base_logoid': ''}, {'symbol': 'TSE:6758', 'base_logoid': 'sony'}, {'symbol': 'TSE:9433', 'base_logoid': 'kddi'}, {'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:afbb2182e8457:0/ | JA | [日経平均株価・TOPIX（表）]日経平均;38181.39;-107.23TOPIX;2676.98;-3.82[後場寄り付き概況] 後場の日経平均は前日比107.23円安の38181.39円と、前引け（38199.52円）からやや下げ幅を拡大してスタート。ランチタイム中の日経225先物は38130円-38250円のレンジでもみ合い。ドル・円は1ドル＝144.30-40円と午前9時頃から40銭ほど円安・ドル高水準。アジア市況は上海総合指数がマイナス圏で推移し0.2％ほど下落している一方、香港ハンセン指数は小幅高で始まった後は下げに転じ0.9％ほど下落している。 後場の東京市場は前引けに比べ… | [日経平均株価・TOPIX（表）]
日経平均;38181.39;-107.23
TOPIX;2676.98;-3.82
[後場寄り付き概況]
後場の日経平均は前日比107.23円安の38181.39円と、前引け（38199.52円）からやや下げ幅を拡大してスタート。ランチタイム中の日経225先物は38130円-38250円のレンジでもみ合い。ドル・円は1ドル＝144.30-40円と午前9時頃から40銭ほど円安・ドル高水準。アジア市況は上海総合指数がマイナス圏で推移し0.2％ほど下落している一方、香港ハンセン指数は小幅高で始まった後は下げに転じ0.9％ほど下落している。
後場の東京市場は前引けに比べやや売りが先行して始まった。今日の米株式市場の通常取引終了後に発表される米エヌビディアの決算を見極めたいとして積極的な買いを見送る向きがある。一方、前場の日経平均が下値の堅い展開だったことや、外為市場で朝方1ドル＝143円60銭台まで進んだ円高・ドル安が一服していることなどが株式市場で安心感となっているようだ。
セクターでは、パルプ・紙、石油石炭製品、鉱業が下落率上位となっている一方、輸送用機器、医薬品、精密機器が上昇率上位となっている。
東証プライム市場の売買代金上位では、三井E&STSE:7003、SUMCOTSE:3436、太陽誘電TSE:6976、川崎重TSE:7012、ソフトバンクGTSE:9984、東エレクTSE:8035、7＆iHDTSE:3382、SHIFTTSE:3697、TDKTSE:6762、IHITSE:7013が下落。一方、楽天グループTSE:4755、TOWATSE:6315、アシックスTSE:7936、トヨタTSE:7203、アドバンテストTSE:6857、第一三共TSE:4568、レーザーテックTSE:6920、霞ヶ関キャピタルTSE:3498、ソニーGTSE:6758、KDDITSE:9433が上昇している。
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fisco:5f2aed3488457:0 | NI225 | 日経平均後場寄り付き：前日比107.23円安の38181.39円 | fisco | https://www.tradingview.com/news/providers/fisco/ | 2024-08-28T03:36:49+00:00 | https://ja.tradingview.com/news/fisco:5f2aed3488457:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/fisco:5f2aed3488457:0/ | JA | 日経平均株価指数後場は、前日比107.23円安の38181.39円でスタート。東京外国為替市場、ドル・円は8月28日12時35分現在、144.36円付近。 | 日経平均株価指数後場は、前日比107.23円安の38181.39円でスタート。
東京外国為替市場、ドル・円は8月28日12時35分現在、144.36円付近。
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urn:newsml:mtnewswires.com:20240827:G2407025:0 | NI225 | Japan's Leading Economic Index Hits Yearly Low In June | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-28T03:18:28+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240827:G2407025:0/ | null | [{'symbol': 'TVC:NI225', 'base_logoid': 'indices/nikkei-225'}] | /news/mtnewswires.com:20240827:G2407025:0/ | EN | Japan's final leading economic index, which forecasts future economic conditions, fell to 109 in June from 111.1 in May, Cabinet Office data showed on Monday. This marks the lowest reading of the year, matching the level recorded in November 2023. | Japan's final leading economic index, which forecasts future economic conditions, fell to 109 in June from 111.1 in May, Cabinet Office data showed on Monday.
This marks the lowest reading of the year, matching the level recorded in November 2023.
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coindeskjapan:b99a8a3a28457:0 | BTCUSDT | ナスダック、ビットコインオプションの提供を検討──競合のニューヨーク証券取引所に続く | coindeskjapan | https://www.coindeskjapan.com/ | 2024-08-28T02:57:04+00:00 | https://ja.tradingview.com/news/coindeskjapan:b99a8a3a28457:0/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/coindeskjapan:b99a8a3a28457:0/ | JA | ナスダック（Nasdaq）は27日、ビットコインBINANCE:BTCUSDの価格に連動するオプションの上場と取引を承認するよう規制当局に承認を求めていると発表した。提案されているナスダック・ビットコイン・インデックス・オプション（XBTX）は、インデックスプロバイダーのCFベンチマークス（CF Benchmarks）と提携したもので、シカゴ・マーカンタイル取引所（CME）で運営されているCME CFビットコイン・リアルタイム・インデックス（CME CF Bitcoin Real-Time Index）を追跡する。ナスダックによると、これは投資家がこの資産クラスへの投資をヘッジするのに役立つ… |
ナスダックはビットコインオプションの上場と取引の承認を申請している。ニューヨーク証券取引所が今年これ以前にビットコイン・インデックスのオプションの上場を検討していると発表したことに続くものだ。どちらもまだ規制当局から承認を得ていない。ナスダック（Nasdaq）は27日、ビットコインBINANCE:BTCUSDの価格に連動するオプションの上場と取引を承認するよう規制当局に承認を求めていると発表した。
提案されているナスダック・ビットコイン・インデックス・オプション（XBTX）は、インデックスプロバイダーのCFベンチマークス（CF Benchmarks）と提携したもので、シカゴ・マーカンタイル取引所（CME）で運営されているCME CFビットコイン・リアルタイム・インデックス（CME CF Bitcoin Real-Time Index）を追跡する。ナスダックによると、これは投資家がこの資産クラスへの投資をヘッジするのに役立つという。
ナスダックの副社長兼取引所ビジネス管理担当責任者であるグレッグ・フェラーリ（Greg Ferrari）氏は、「この提携は、革新的な暗号資産（仮想通貨）のランドスケープと、伝統的な証券市場の回復力や信頼性をさらに強固に組み合わせるものであり、デジタル資産市場の成熟度を拡大する上で重要な節目となるだろう」と述べた。
この動きは、ニューヨーク証券取引所（NYSE）が今年、ビットコイン・インデックスのオプションを上場させる計画を発表したことに続くものだ。しかし、これはまだ米証券取引委員会（SEC）の承認を得られていない。
｜翻訳・編集：林理南
｜画像：Shutterstock
｜原文：Nasdaq Looks to Offer Bitcoin Options, Following Rival NYSE’s Plans
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tag:reuters.com,2024:newsml_L6N3KF01A:0 | SPX | 米ノードストローム、第2四半期は利益予想越え セールで販売増 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-28T00:46:21+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L6N3KF01A:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NYSE:JWN', 'base_logoid': 'nordstrom'}, {'symbol': 'NYSE:GAP', 'base_logoid': 'gap'}, {'symbol': 'NYSE:ONON', 'base_logoid': 'on-holding'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/reuters.com,2024:newsml_L6N3KF01A:0/ | JA | 米百貨店ノードストローム NYSE:JWNが２７日発表した第２・四半期決算は、利益が予想を上回った。アニバーサリーセールの好調が売上を押し上げた。年間既存店売上高予想の下限を前年比横ばいもしくは最大２％増に引き上げた。従来予想は１％減から２％増だった。同社は、利益率を高めるために婦人服など需要の高いカテゴリーに注力することで事業の活性化を目指している。値引きを減らし、より多くの商品を正価で販売している。ＬＳＥＧのデータによると、８月３日に終了した四半期の総売上高は、前年同期の３７億７０００万ドルから３．２％増加し、３８億９０００万ドルだった。アナリストの平均予想（３９億ドル）とほぼ一致した。… | 米百貨店ノードストローム NYSE:JWNが２７日発表した第２・四半期決算は、利益が予想を上回った。アニバーサリーセールの好調が売上を押し上げた。
年間既存店売上高予想の下限を前年比横ばいもしくは最大２％増に引き上げた。従来予想は１％減から２％増だった。
同社は、利益率を高めるために婦人服など需要の高いカテゴリーに注力することで事業の活性化を目指している。値引きを減らし、より多くの商品を正価で販売している。
ＬＳＥＧのデータによると、８月３日に終了した四半期の総売上高は、前年同期の３７億７０００万ドルから３．２％増加し、３８億９０００万ドルだった。アナリストの平均予想（３９億ドル）とほぼ一致した。
調整後の１株当たり利益は、予想の０．７１ドルを上回り、０．９６ドルだった。
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te_news:426479:0 | SPX | US Futures Ease Ahead of Nvidia Earnings | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-28T00:21:07+00:00 | https://www.tradingview.com/news/te_news:426479:0-us-futures-ease-ahead-of-nvidia-earnings/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426479:0-us-futures-ease-ahead-of-nvidia-earnings/ | EN | US stock futures eased on Wednesday as investors prepared for Nvidia’s earnings report to gauge the sustainability of the tech rally and the status of AI demand.In extended trading, Nordstrom jumped 8% on better-than-expected earnings.Ambarella also rallied 18.7% on a strong revenue guidance, while… | US stock futures eased on Wednesday as investors prepared for Nvidia’s earnings report to gauge the sustainability of the tech rally and the status of AI demand.
In extended trading, Nordstrom jumped 8% on better-than-expected earnings.
Ambarella also rallied 18.7% on a strong revenue guidance, while PVH tumbled 7.7% after issuing a weak outlook for the current quarter.
In regular trading on Tuesday, the Dow inched up 0.02%, while the S&P 500 and Nasdaq Composite both gained 0.16%.
Six out of the 11 S&P sectors finished higher, led by technology, financials and real estate.
In corporate news, Apple (0.4%) is replacing its CFO, and Paramount's (-7.2%) acquisition by Skydance Media looks to be nearing an end.
Eli Lilly (0.4%) also announced its weight-loss drug Zepbound is now available at a price significantly lower than other weight-loss drugs for self-pay patients.
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DJN_DN20240827007513:0 | SPX | S&P 500 Rises 0.16% to 5625.80 — Data Talk | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-27T20:28:00+00:00 | https://www.tradingview.com/news/DJN_DN20240827007513:0-s-p-500-rises-0-16-to-5625-80-data-talk/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240827007513:0-s-p-500-rises-0-16-to-5625-80-data-talk/ | EN | The S&P 500 Index is up 8.96 points or 0.16% today to 5625.80Data based on preliminary market closing valuesSource: Dow Jones Market Data, FactSet | The S&P 500 Index is up 8.96 points or 0.16% today to 5625.80
Fifth highest close in historyUp two of the past three trading daysOff 0.73% from its record close of 5667.20 hit Tuesday, July 16, 2024Up 66.98% from the Election Day close of 3369.16 on Tuesday, Nov. 3, 2020Up 46.05% from the Inauguration Day close of 3851.85 on Wednesday, Jan. 20, 2021Today's closing value is the fifth highest this yearOff 0.73% from its 52-week high of 5667.20 hit Tuesday, July 16, 2024Up 36.64% from its 52-week low of 4117.37 hit Friday, Oct. 27, 2023Rose 25.08% from 52 weeks agoOff 0.73% from its 2024 closing high of 5667.20 hit Tuesday, July 16, 2024Up 19.99% from its 2024 closing low of 4688.68 hit Thursday, Jan. 4, 2024Month-to-date it is up 1.87%Year-to-date it is up 855.97 points or 17.95%Data based on preliminary market closing values
Source: Dow Jones Market Data, FactSet
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DJN_DN20240827007498:0 | SPX | S&P 500 Inches Higher Ahead of Nvidia Earnings — WSJ | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-27T20:27:00+00:00 | https://www.tradingview.com/news/DJN_DN20240827007498:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240827007498:0/ | EN | By Caitlin Ostroff and Caitlin McCabeU.S. stock indexes eked out gains Tuesday ahead of this week's main event for investors: Nvidia earnings on Wednesday afternoon.The S&P 500 edged up 0.2%, not far off its record high. The tech-heavy Nasdaq Composite ticked 0.2% higher. The Dow Jones Industrial A… | By Caitlin Ostroff and Caitlin McCabe
U.S. stock indexes eked out gains Tuesday ahead of this week's main event for investors: Nvidia earnings on Wednesday afternoon.
The S&P 500 edged up 0.2%, not far off its record high. The tech-heavy Nasdaq Composite ticked 0.2% higher. The Dow Jones Industrial Average ended flat, up 10 points.
One reason the chip maker's results are center stage: Nvidia's results have recently led to market reactions that rival those seen after a surprising jobs or inflation report, according to Deutsche Bank strategist Jim Reid. Nvidia shares added 1.5% Tuesday and have gained more than 150% for the year.
In the meantime, investors got more insight into the U.S. economy Tuesday. The Conference Board's consumer-confidence index rose to 103.3 in August, topping economists' expectations. Another gauge indicated that annual home-price growth slowed a little in June, continuing a recent trend.
The Federal Reserve is widely expected to lower interest rates at its meeting next month, but investors are uncertain on how much the central bank may cut rates this year. With inflation easing, Fed Chair Jerome Powell indicated last week that the central bank was focused on preventing further labor-market weakness.
"The real takeaway from Powell isn't that things are bad, it's that we're worried things might get bad," said Brad McMillan, chief investment officer for Commonwealth Financial Network.
As of late Tuesday:
The S&P 500 is just 0.7% below its record close, reached last month, and up 18% for the year. The Nasdaq is up 18% for the year, while the Dow has advanced 9%.
Treasury yields ticked up. The U.S. 10-year yield settled at 3.832%, up from 3.816% Monday.
Oil prices retreated, with front-month Brent crude futures falling 2.3% to $79.55 a barrel. Prices jumped Monday after the government in eastern Libya said it would halt oil exports.
Super Micro Computer shares fell 2.6%. Hindenburg Research said Tuesday that it was shorting shares in the server maker.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
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tag:reuters.com,2024:newsml_L4N3KE1HB:0 | SPX | Nordstrom Q2 revenue rises on boost from sales event, shares surge | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-27T20:22:37+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KE1HB:0-nordstrom-q2-revenue-rises-on-boost-from-sales-event-shares-surge/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NYSE:JWN', 'base_logoid': 'nordstrom'}, {'symbol': 'NYSE:ANF', 'base_logoid': 'abercrombie-and-fitch'}, {'symbol': 'NYSE:GAP', 'base_logoid': 'gap'}, {'symbol': 'NYSE:M', 'base_logoid': 'macy-s'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/reuters.com,2024:newsml_L4N3KE1HB:0-nordstrom-q2-revenue-rises-on-boost-from-sales-event-shares-surge/ | EN | Nordstrom NYSE:JWN reported a better-than-expected growth in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as consumers remain cautious amid inflationary pressures, sending its shares up 11% in extended trading.The upmarket department store chain also slightly… | Nordstrom NYSE:JWN reported a better-than-expected growth in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as consumers remain cautious amid inflationary pressures, sending its shares up 11% in extended trading.
The upmarket department store chain also slightly revised its annual comparable sales forecast, raising the lower end to a range of flat to 2% growth, up from its previous projection of a 1% decline to 2% growth.
While affluent shoppers continue to spend, albeit at a slower pace, benefiting apparel chains such as Abercrombie & Fitch NYSE:ANF and Gap NYSE:GAP, middle- and lower-income consumers are feeling the pinch, hurting sales at department store chains such as Macy's. NYSE:M.
A slightly earlier start to Nordstrom's Anniversary Sale event, which ran from July 15 through Aug. 4 this year, helped drive customers to both physical stores and the company's website, contributing 100 basis points to net sales compared to 2023.
Nordstrom's shares have declined approximately 3% over the past month. Analysts cited muted demand during the sale period, with Placer.ai foot traffic data suggesting July was the quarter's weakest month.
The stock is up about 16% this year compared with a roughly 18% rise in the broader S&P 500 index SP:SPX.
Total revenue at the company rose 3.2% to $3.89 billion in the quarter ended Aug. 3, from $3.77 billion a year earlier, almost in line with analysts' average expectation of $3.90 billion, according to LSEG data.
The Seattle, Washington-based company also revised its earnings per share projection to between $1.75 and $2.05, up from the previous range of $1.65 to $2.05
On an adjusted basis, the company reported a profit of 96 cents per share, compared to 24 cents loss in the first quarter.
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DJN_DN20240827007022_20240827007022:0 | SPX | S&P 500 Rises 8.96 Points (0.16%) | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-27T20:10:00+00:00 | https://www.tradingview.com/news/DJN_DN20240827007022_20240827007022:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240827007022_20240827007022:0/ | EN | null | null | indices | null | null | null |
tag:reuters.com,2024:newsml_L4N3KE1H6:0 | SPX | ノードストローム、第2四半期の売上高はセールイベントによる押し上げで増加、株価は急上昇 | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-27T20:07:19+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3KE1H6:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NYSE:ANF', 'base_logoid': 'abercrombie-and-fitch'}, {'symbol': 'NYSE:GAP', 'base_logoid': 'gap'}, {'symbol': 'NYSE:M', 'base_logoid': 'macy-s'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NYSE:JWN', 'base_logoid': 'nordstrom'}] | /news/reuters.com,2024:newsml_L4N3KE1H6:0/ | JA | ノードストローム>は火曜日、第2四半期の売上高が 予想を上回る伸びを記録したと発表した 。 高級百貨店チェーンはまた、年間既存店売上高見通しをわずかに修正し、下限を1％減から2％増の範囲から横ばいから2％増の範囲に引き上げた。 アバクロンビー＆フィッチ (link) NYSE:ANFやギャップ (link) NYSE:GAPなどのアパレル・チェーンが恩恵を受ける一方で、中低所得者層はピンチを感じており、メイシーズ (link). NYSE:Mなどの百貨店チェーンの売上に打撃を与えている。 今年7月15日から8月4日まで開催されたノードストロームのアニバーサリーセールの開始時期が若干早まったこ… | ノードストローム>は火曜日、第2四半期の売上高が 予想を上回る伸びを記録したと発表した 。
高級百貨店チェーンはまた、年間既存店売上高見通しをわずかに修正し、下限を1％減から2％増の範囲から横ばいから2％増の範囲に引き上げた。
アバクロンビー＆フィッチ (link) NYSE:ANFやギャップ (link) NYSE:GAPなどのアパレル・チェーンが恩恵を受ける一方で、中低所得者層はピンチを感じており、メイシーズ (link). NYSE:Mなどの百貨店チェーンの売上に打撃を与えている。
今年7月15日から8月4日まで開催されたノードストロームのアニバーサリーセールの開始時期が若干早まったことで、実店舗とウェブサイトの両方への来店が促進され、2023年と比較して売上高に100ベーシスポイント寄与した。
ノードストロームの株価は過去1ヶ月で約3％下落した。アナリストらは、セール期間中の需要が低調であったことを理由に挙げており、Placer.aiのフットトラフィックデータによると、7月は四半期で最も低調な月であったようだ。
S&P500種株価指数 SP:SPXの上昇率約18％に対し、同社の株価は今年約16％上昇している。
LSEGのデータによると、同社の8月3日に終了した四半期の総売上高は、前年同期の37.7億ドルから3.2％ 増の38.9億ドルと なり、アナリストの平均予想39.0億ドルとほぼ一致した。
また、ワシントン州シアトルに本社を置く同社は、1株当たり利益予想を従来の1.65ドルから2.05ドルへ、1.75ドルから2.05ドルへ修正した。
調整後ベースでは、第1四半期の24セントの損失に対し、96セントの利益を計上した。
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tag:reuters.com,2024:newsml_L4N3KE1GF:0 | SPX | Nordstrom posts higher quarterly sales buoyed by demand for Anniversary Sale event | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-27T20:07:15+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KE1GF:0-nordstrom-posts-higher-quarterly-sales-buoyed-by-demand-for-anniversary-sale-event/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NYSE:JWN', 'base_logoid': 'nordstrom'}, {'symbol': 'NYSE:ANF', 'base_logoid': 'abercrombie-and-fitch'}, {'symbol': 'NYSE:GAP', 'base_logoid': 'gap'}, {'symbol': 'NYSE:M', 'base_logoid': 'macy-s'}, {'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/reuters.com,2024:newsml_L4N3KE1GF:0-nordstrom-posts-higher-quarterly-sales-buoyed-by-demand-for-anniversary-sale-event/ | EN | Nordstrom NYSE:JWN reported an increase in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as consumers remain cautious amid inflationary pressures.The upmarket department store chain also slightly revised its annual comparable sales forecast, raising the lower e… | Nordstrom NYSE:JWN reported an increase in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as consumers remain cautious amid inflationary pressures.
The upmarket department store chain also slightly revised its annual comparable sales forecast, raising the lower end to a range of flat to 2% growth, up from its previous projection of a 1% decline to 2% growth.
While affluent shoppers continue to spend, albeit at a slower pace, benefiting apparel chains such as Abercrombie & Fitch NYSE:ANF and Gap NYSE:GAP, middle- and lower-income consumers are feeling the pinch, hurting sales at department store chains such as Macy's. NYSE:M.
A slightly earlier start to Nordstrom's Anniversary Sale event, which ran from July 15 through August 4 this year, helped drive customers to both physical stores and the company's website, contributing 100 basis points to net sales compared to 2023.
Nordstrom's shares have declined approximately 3% over the past month. Analysts cited muted demand during the sale period, with Placer.ai foot traffic data suggesting July was the quarter's weakest month.
The stock is up about 16% this year compared with a roughly 18% rise in the broader S&P 500 index SP:SPX.
Total revenue at the company rose to $3.89 billion in second quarter, from $3.77 billion a year earlier, almost in line with analysts' average expectation of $3.90 billion, according to LSEG data.
The Seattle, Washington-based company also revised its earnings per share projection to between $1.75 and $2.05, up from the previous range of $1.65 to $2.05
On an adjusted basis, the company reported a profit of 96 cents per share, compared to 24 cents loss in the first quarter.
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te_news:426468:0 | SPX | Wall Street Rises for 2nd Day | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-27T20:01:28+00:00 | https://www.tradingview.com/news/te_news:426468:0-wall-street-rises-for-2nd-day/ | null | [{'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/te_news:426468:0-wall-street-rises-for-2nd-day/ | EN | US stocks faced a choppy trading session on Tuesday as investors awaited Nvidia's earnings report, a key event for the AI sector.The S&P 500 gained 0.1%, the Nasdaq rose 0.3%, while the Dow Jones finihsed marginally higher after setting a record high.Tech sector led the gains of the day as Nvidia’s… | US stocks faced a choppy trading session on Tuesday as investors awaited Nvidia's earnings report, a key event for the AI sector.
The S&P 500 gained 0.1%, the Nasdaq rose 0.3%, while the Dow Jones finihsed marginally higher after setting a record high.
Tech sector led the gains of the day as Nvidia’s (+1.5%) results are highly anticipated, as they could influence the tech sector and AI investments.
KLA Corporation, Adobe, and Teradyne also boosted the sector, adding over 1.3%.
In corporate news, Apple (+0.4%) is replacing its CFO, and Paramount's (+0.3%) acquisition by Skydance Media looks to be nearing an end.
Eli Lilly (+0.4%) announced its weight-loss drug Zepbound is now available at a price significantly lower than other weight-loss drugs for self-pay patients.
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urn:newsml:mtnewswires.com:20240827:A3212064:0 | SPX | Top Cryptocurrencies Fall; Bitcoin Hovers Near $62,000 Level | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-27T19:57:44+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240827:A3212064:0/ | null | [{'symbol': 'NASDAQ:MSTR', 'base_logoid': 'microstrategy'}, {'symbol': 'NASDAQ:COIN', 'base_logoid': 'coinbase'}, {'symbol': 'NASDAQ:MARA', 'base_logoid': 'marathon-digital-holdings'}, {'symbol': 'NASDAQ:RIOT', 'base_logoid': 'riot-blockchain'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/mtnewswires.com:20240827:A3212064:0/ | EN | Most major digital assets fell Tuesday, with bitcoin (BTC/USD) hovering near the $62,000 level. The CoinDesk Market Index, which tracks 134 digital assets, dropped 2.4% in the past 24 hours. The Nasdaq 100 and S&P 500 were up 0.3% and 0.1%, respectively, while the Dow Jones Industrial Average was f… | Most major digital assets fell Tuesday, with bitcoin (BTC/USD) hovering near the $62,000 level.
The CoinDesk Market Index, which tracks 134 digital assets, dropped 2.4% in the past 24 hours. The Nasdaq 100 and S&P 500 were up 0.3% and 0.1%, respectively, while the Dow Jones Industrial Average was flat.
Bitcoin (BTC/USD), the most popular cryptocurrency, was down 2% at $62,077, with a 24-hour trading volume of $30.9 billion, up about 10%, according to CoinMarketCap data.
Ethereum (ETH/USD), the second-largest digital asset, slumped 3.6% to $2,587.
BNB (BNB/USD), the third-largest digital asset by market value excluding stablecoins, dipped 0.5%, while Solana (SOL/USD), the fourth-largest, lost 1.9%.
XRP (XRP/USD) gained 1.8%, while Dogecoin (DOGE/USD) and Cardano (ADA/USD) shed 1.1% and 0.7%, respectively.
The US 10-year Treasury yield closed at 3.831%, up from Monday's close of 3.814%, while the five-year yield closed at 3.665%, up from 3.66%.
The total market value of the cryptocurrency industry decreased 1.9% in the past 24 hours to $2.17 trillion. Trading volume grew about 3% to $67.86 billion.
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urn:newsml:mtnewswires.com:20240827:A3212019:0 | SPX | S&P 500 Intraday Trading Volume at Around 1 Billion Versus Daily Average of About 3.82 Billion | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-27T18:09:26+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240827:A3212019:0/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/mtnewswires.com:20240827:A3212019:0/ | EN | null | null | indices | null | null | null |
DJN_DN20240827006090:0 | SPX | Insulet Up Over 7%, Best Performer in the S&P 500 So Far Today — Data Talk | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-27T17:55:00+00:00 | https://www.tradingview.com/news/DJN_DN20240827006090:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:PODD', 'base_logoid': 'insulet'}] | /news/DJN_DN20240827006090:0/ | EN | Insulet Corporation (PODD) is currently at $193.80, up $13.12 or 7.26%All data as of 1:52:45 PM ETSource: Dow Jones Market Data, FactSet | Insulet Corporation (PODD) is currently at $193.80, up $13.12 or 7.26%
Would be highest close since Aug. 19, 2024, when it closed at $195.92On pace for largest percent increase since Nov. 3, 2023, when it rose 15.76%Snaps a three day losing streakDown 0.28% month-to-dateDown 10.68% year-to-dateDown 41.31% from its all-time closing high of $330.23 on May 12, 2023Up 2.28% from 52 weeks ago (Aug. 29, 2023), when it closed at $189.48Down 12.47% from its 52-week closing high of $221.42 on Dec. 27, 2023Up 51.68% from its 52-week closing low of $127.77 on Oct. 12, 2023Traded as high as $195.79; highest intraday level since Aug. 19, 2024, when it hit $198.11Up 8.36% at today's intraday high; largest intraday percent increase since May 10, 2024, when it rose as much as 8.88%Best performer in the S&P 500 todayAll data as of 1:52:45 PM ET
Source: Dow Jones Market Data, FactSet
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benzinga:974d149bd094b:0 | QQQ | Wall Street Mixed Ahead Of Week's Key Events, Cruise Lines Rally, Oil Slips: What's Driving Markets Tuesday? | benzinga | https://benzinga.com/ | 2024-08-27T17:40:18+00:00 | https://www.tradingview.com/news/benzinga:974d149bd094b:0-wall-street-mixed-ahead-of-week-s-key-events-cruise-lines-rally-oil-slips-what-s-driving-markets-tuesday/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:NCLH', 'base_logoid': 'norwegian-cruise-line'}, {'symbol': 'NYSE:CCL', 'base_logoid': 'carnival'}, {'symbol': 'NYSE:RCL', 'base_logoid': 'royal-caribbean-cruises'}, {'symbol': 'NASDAQ:SOXX', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:DIA', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:IWM', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:XLF', 'base_logoid': 'sector/financial'}, {'symbol': 'AMEX:XLE', 'base_logoid': 'sector/energy'}, {'symbol': 'NASDAQ:PARA', 'base_logoid': 'viacomcbs'}, {'symbol': 'NYSE:CAVA', 'base_logoid': 'cava'}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NASDAQ:AMBA', 'base_logoid': 'ambarella'}, {'symbol': 'NYSE:BOX', 'base_logoid': 'box'}, {'symbol': 'NASDAQ:NCNO', 'base_logoid': 'ncino'}, {'symbol': 'NYSE:JWN', 'base_logoid': 'nordstrom'}, {'symbol': 'NYSE:PVH', 'base_logoid': 'pvh'}, {'symbol': 'NASDAQ:SMTC', 'base_logoid': 'semtech'}, {'symbol': 'NYSE:S', 'base_logoid': 'sentinelone'}] | /news/benzinga:974d149bd094b:0-wall-street-mixed-ahead-of-week-s-key-events-cruise-lines-rally-oil-slips-what-s-driving-markets-tuesday/ | EN | Wall Street remained relatively quiet during Tuesday morning trading as investors held their breath for key events later in the week. The AI powerhouse Nvidia Corp. NASDAQ:NVDA is in the spotlight ahead of its Wednesday post-market earnings report, while traders also eagerly await the Federal Reser… | Wall Street remained relatively quiet during Tuesday morning trading as investors held their breath for key events
The AI powerhouse Nvidia Corp. NASDAQ:NVDA is in the spotlight ahead of its Wednesday post-market earnings report, while traders also eagerly await the Federal Reserve's favorite inflation report on Friday.
Tech stocks slightly rebounded by 0.3%, after a 1% drop on Monday, while the S&P 500 held broadly flat. Both blue chips and small caps fell, down 0.2% and 1% respectively.
Industry-wise cruise lines led gains, with Norwegian Cruise Line Holdings Ltd. NYSE:NCLH, Carnival Corp. NYSE:CCL and Royal Caribbean Cruises Ltd. NYSE:RCL rising 4%, 3.9% and 3.3% on positive investor sentiment toward the sector.
Semiconductors rebounded, with the iShares Semiconductor ETF NASDAQ:SOXX up 0.9%, after tumbling 2.5% a day earlier.
Energy-related stocks fell, dragged down by the pullback in oil prices. West Texas Intermediate (WTI) light crude fell by 2% as geopolitical risks in the Middle East showed no significant escalation in recent hours, while Goldman Sachs analysts downplayed concerns over potential
The U.S. dollar eased by 0.2%, reversing Monday’s gains. Treasury yields remained unchanged, with speculators continuing to assign a higher chance on smaller 25-basis-point rate cut in September.
Gold prices slipped by 0.1%, while Bitcoin fell by 2%, mimicking Monday’s drop.
Tuesday’s Performance In Major Indices, ETFs
Major IndicesPrice1-day chg %Nasdaq 10019,5760.3%S&P 5005,6210.1%Dow Jones41,154-0.2%Russell 20002,200-1.0%According to Benzinga Pro data:
The SPDR S&P 500 ETF Trust AMEX:SPY was flat at $560.92.The SPDR Dow Jones Industrial Average AMEX:DIA eased 0.1% to $412.16.The tech-heavy Invesco QQQ Trust Series NASDAQ:QQQ rose 0.2% to $476.11.The iShares Russell 2000 ETF AMEX:IWM fell 1% to $218.35.The Financials Select Sector SPDR Fund AMEX:XLF outperformed, by 0.4%. The Energy Select Sector SPDR Fund AMEX:XLE lagged, down by 1.1%.Tuesday’s Stock Movers
Paramount Global NASDAQ:PARA fell over 6% after media veteran Edgar Bronfman, Jr., paving the way for it to combine with Skydance Media, LLC.CAVA Group, Inc. NYSE:CAVA plunged over 5% after the company’s post-earnings spike on Monday, as the CEO and other insiders reduced their stakes. PDD Holdings Inc. NASDAQ:PDD fell over 3% after Monday’s sharp 30% drop, as analysts slashed their price forecasts on the Chinese retail giant. Ambarella, Inc. NASDAQ:AMBA, Box, Inc. NYSE:BOX, nCino, Inc. NASDAQ:NCNO, Nordstrom, Inc. NYSE:JWN, PVH Corp. NYSE:PVH, Semtech Corporation NASDAQ:SMTC and SentinelOne, Inc. NYSE:S are among the companies due to release their quarterly results after the market close.Read Next:
Can Regional Banks Outperform Large Institutions As Fed Rate Cuts Loom? ‘Small Banks Are Plenty Cheap,’ But...Image created using artificial intelligence via Midjourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:c5d42b2ca094b:0 | QQQ | Dow Jones Hits All Time High But Semiconductors And AI Stocks Get Hit Ahead Of Nvidia Earnings | benzinga | https://benzinga.com/ | 2024-08-27T16:45:50+00:00 | https://www.tradingview.com/news/benzinga:c5d42b2ca094b:0-dow-jones-hits-all-time-high-but-semiconductors-and-ai-stocks-get-hit-ahead-of-nvidia-earnings/ | null | [{'symbol': 'AMEX:DIA', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:AAPL', 'base_logoid': 'apple'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:GLD', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:SLV', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:USO', 'base_logoid': 'uscf-fund'}] | /news/benzinga:c5d42b2ca094b:0-dow-jones-hits-all-time-high-but-semiconductors-and-ai-stocks-get-hit-ahead-of-nvidia-earnings/ | EN | To gain an edge, this is what you need to know today.RotationPlease click here for an enlarged chart of SPDR Dow Jones Industrial Average ETF Trust AMEX:DIA.Note the following:GermanyThe German economy is no longer expanding. Germany is Europe's largest economy.Germany's Q2 GDP contracted by 0.1… | To gain an edge, this is what you need to know today.
Rotation
Please click here for an enlarged chart of SPDR Dow Jones Industrial Average ETF Trust AMEX:DIA.
Note the following:
The chart shows the Dow Jones Industrial Average (DJIA) broke out to a new all time high.The chart shows that the breakout is not convincing.RSI on the chart shows that DJIA is overbought. An overbought index tends to be vulnerable to a pullback.The chart shows that volume is not heavy on the breakout to a new all time high. This indicates a lack of conviction.The reason behind the breakout in DJIA is that a rotation is taking place into cyclical and interest rate sensitive stocks and away from tech stocks.Prudent investors should note as DJIA hit a new all time high, AI and semiconductor stocks were being hit. In The Arora Report analysis, this rotation is especially noteworthy because the momo crowd is aggressively buying AI and semiconductor stocks ahead of NVIDIA Corp NASDAQ:NVDA earnings.Nvidia reports earnings tomorrow after the close. In The Arora Report analysis, aggressive buying by the momo crowd in NVDA and other AI stocks is being countered with selling from hedge funds and institutions. Prudent investors should note that it is not that hedge funds and institutions are negative on Nvidia. It is that they represent smart money. Smart money knows that Nvidia earnings is a risk event. The risk is both to the upside and the downside. As we have been sharing with you over the years, smart money tends to reduce risk ahead of events. In contrast, the momo crowd buys ahead of events because the momo crowd always has stars in their eyes and does not take risk into account.The options market is pricing in a 9% move after Nvidia earnings.The widespread belief among the momo crowd is that NVDA stock will go above $150 after the earnings. Such a move will represent about a 20% upside move.As full disclosure, Nvidia is long from $12.55 in The Arora Report ZYX Buy Model Portfolio. The foregoing illustrates the need for optimum diversification. The Arora Report reaches the optimum diversification through diversification of stocks and ETFs, asset classes, geography, strategy, time frame, and protection.Consumer confidence will be released at 10am ET and may be market moving.Germany
The German economy is no longer expanding. Germany is Europe's largest economy.
Germany's Q2 GDP contracted by 0.1% vs. 0.1% contraction consensus.
China
China is determined to become the world leader in autonomous vehicles. China has just issued 16,000 license plates for testing autonomous vehicles on designated public roads.
For investors, autonomous driving is the next big opportunity.
Magnificent Seven Money Flows
In the early trade, money flows are neutral in Microsoft Corp NASDAQ:MSFT.
In the early trade, money flows are negative in Apple Inc NASDAQ:AAPL, Amazon.com, Inc. NASDAQ:AMZN, Alphabet Inc Class C NASDAQ:GOOG, Meta Platforms Inc NASDAQ:META, NVDA, and Tesla Inc NASDAQ:TSLA.
In the early trade, money flows are negative in SPDR S&P 500 ETF Trust AMEX:SPY and Invesco QQQ Trust Series 1 NASDAQ:QQQ.
Momo Crowd And Smart Money In Stocks
Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is SPDR Gold Trust AMEX:GLD. The most popular ETF for silver is iShares Silver Trust AMEX:SLV. The most popular ETF for oil is United States Oil ETF AMEX:USO.
Bitcoin
Bitcoin is seeing a pullback along with speculative and junk stocks.
Protection Band And What To Do Now
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
Traditional 60/40 Portfolio
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever Generate Wealth Newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_DN20240827005848_20240827005848:0 | SPX | S&P 500 Falls 4.83 Points (0.09%) | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-27T16:45:00+00:00 | https://www.tradingview.com/news/DJN_DN20240827005848_20240827005848:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240827005848_20240827005848:0/ | EN | null | null | indices | null | null | null |
u_today:ff0cf0f7d094b:0 | BTCUSDT | Bitcoin (BTC) Capital Inflow Cooling Down, Expect Volatility, Glassnode Report Says | u_today | https://u.today | 2024-08-27T15:57:00+00:00 | https://www.tradingview.com/news/u_today:ff0cf0f7d094b:0-bitcoin-btc-capital-inflow-cooling-down-expect-volatility-glassnode-report-says/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}] | /news/u_today:ff0cf0f7d094b:0-bitcoin-btc-capital-inflow-cooling-down-expect-volatility-glassnode-report-says/ | EN | Capital inflow into Bitcoin BINANCE:BTCUSD, the largest cryptocurrency, drops to the "quiet" zone as excitement about the Bitcoin Spot ETF launch has cooled off completely. Normally, such phases happen prior to powerful volatility spikes, Glassnode experts say in the latest report.Bitcoin ETF eupho… | Capital inflow into Bitcoin BINANCE:BTCUSD, the largest cryptocurrency, drops to the "quiet" zone as excitement about the Bitcoin Spot ETF launch has cooled off completely. Normally, such phases happen prior to powerful volatility spikes, Glassnode experts say in the latest report.
Bitcoin ETF euphoria completely vanished, on-chain metrics say
As net capital inflow into Bitcoin BINANCE:BTCUSD loses traction, a degree of equilibrium has been reached between investors taking profit and loss, the Glassnode team says in its latest "The Week On-Chain" report. The last days of August look particularly apathetic in this regard: 89% of days experience a capital inflow larger than today.
Amidst tumultuous market conditions as of late, Long-Term Holders have been locking in a reasonably consistent $138M in profit per day. With each transaction, a buyer and a seller are matched, with supply and demand imbalances resolved via price changes.
Therefore, we can infer… pic.twitter.com/tSAXvF9Rc1— glassnode (@glassnode) August 23, 2024
Also, an insightful indicator of the MVRV Ratio suggests that investor profitability has essentially reset to equilibrium position and that the excitement and exuberance after the BTC ETF launch in the U.S. this January are not there anymore.
The Sell-Side Risk Ratio indicator also proves the "equilibrium" theory: the majority of coins is moved near its original acquisition price.
All of these metrics hint at volatility spikes coming for the largest cryptocurrency, researchers stressed:
With respect to historical preference, periods of quiet and calm market structure are short-lived and often precede an expectation for heightened volatility.
As of press time, Bitcoin BINANCE:BTCUSD is trying to protect $61,500 level after being brutally rejected at $65,000 yesterday. However, only $29 million in positions have been erased in the last 24 hours, almost all longs.
Long-term holders not selling, even at loss
Selling pressure on Bitcoin BINANCE:BTCUSD right now is mostly driven by short-term holders, while "HODLers" are maintaining their confidence, Glassnode research reveals.
Q2-Q3, 2024, were painful for newcomers. After setting the ATH in March, the confidence of new investors was tested by choppy sideways price action for several months. During this process, a significant volume of the Bitcoin supply has remained tightly held and is within the three-month to six-month age band.
Meanwhile, a notable share of supply held by new Bitcoiners is transitioning into long-term-holder status, having been held for at least 155 days.
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DJN_DN20240827005459:0 | SPX | S&P 500 Holds Steady as Treasury Yields Rise — WSJ | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-27T15:56:00+00:00 | https://www.tradingview.com/news/DJN_DN20240827005459:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240827005459:0/ | EN | By Caitlin McCabe and Caitlin OstroffU.S. stock indexes are drifting as investors await this week's main event: Nvidia earnings on Wednesday afternoon.In a week otherwise relatively light on earnings and data, all eyes are on the chip maker's results. One reason why: Nvidia's results have recently… | By Caitlin McCabe and Caitlin Ostroff
U.S. stock indexes are drifting as investors await this week's main event: Nvidia earnings on Wednesday afternoon.
In a week otherwise relatively light on earnings and data, all eyes are on the chip maker's results. One reason why: Nvidia's results have recently led to market reactions that rival those seen after a surprise jobs or inflation report, according to Deutsche Bank strategist Jim Reid.
The Conference Board's consumer-confidence index, out Tuesday, rose to 103.3 in August, topping economists' expectations. Another gauge indicated that annual home-price growth slowed a little in June, continuing a recent trend.
In recent trading:
Stock indexes wavered. On Monday, the Dow eked out a new record high, while the S&P 500 and Nasdaq Composite fell.
Treasury yields ticked up. The U.S. 10-year yield rose, after settling Monday below 3.82%.Oil prices retreated, with Brent crude futures declining toward $79 a barrel. Prices jumped Monday after the government in eastern Libya said it would halt oil exports.
Super Micro Computer shares fell. Hindenburg Research said Tuesday that it was shorting shares in the server maker.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
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u_today:5e3fcf443094b:0 | BTCUSDT | Bitcoin Witnesses Epic 7,023% Imbalance in Bulls' Liquidations | u_today | https://u.today | 2024-08-27T15:46:00+00:00 | https://www.tradingview.com/news/u_today:5e3fcf443094b:0-bitcoin-witnesses-epic-7-023-imbalance-in-bulls-liquidations/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/u_today:5e3fcf443094b:0-bitcoin-witnesses-epic-7-023-imbalance-in-bulls-liquidations/ | EN | The Bitcoin BINANCE:BTCUSD market has seen a lot of liquidations recently, and bullish traders have been hit the hardest. CoinGlass says that over $3 million worth of long positions were liquidated in just one hour, while short liquidations totaled just $51,000. This huge imbalance of 7,023% shows… | The Bitcoin BINANCE:BTCUSD market has seen a lot of liquidations recently, and bullish traders have been hit the hardest. CoinGlass says that over $3 million worth of long positions were liquidated in just one hour, while short liquidations totaled just $51,000. This huge imbalance of 7,023% shows that the market is bearish.
The price of Bitcoin fell 0.6% over the same period, which contributed to the liquidation spree.This drop comes on the heels of a 3.7% drop since the beginning of the week, which is adding to the pain for bullish traders.Source: CoinGlass
As is often the case, those who were late to the game or did not manage their risk effectively ended up paying a heavy price. The major liquidations make us wonder if the market is just making a normal correction, or if this is the end of Bitcoin's recent rally.BTC to USD by CoinMarketCap
One thing is for sure: despite the recent volatility, Bitcoin is still a big deal for investors and traders. The financial markets are still paying attention to this cryptocurrency, so it is likely to remain a volatile asset.
There are opportunities and risks for those willing to participate. While some may be less excited about recent liquidations, others may see this as a chance to buy Bitcoin at a potentially discounted price.
It is important to note that leveraged trading carries significant risks, so traders should be careful and think about their risk tolerance before entering into such positions.
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DJN_DN20240827005345:0 | SPX | This Healthcare Stock Is the Best Performer in the S&P 500 After FDA Clearance — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-27T15:32:00+00:00 | https://www.tradingview.com/news/DJN_DN20240827005345:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:PODD', 'base_logoid': 'insulet'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240827005345:0/ | EN | By Angela PalumboInsulet stock was surging Tuesday after the healthcare company said its Omnipod 5 Insulin System got approval from the Food and Drug Administration.Insulet said in a news release Tuesday that its Omnipod 5 Automated Insulin Delivery System has been cleared by the FDA for use by peo… | By Angela Palumbo
Insulet stock was surging Tuesday after the healthcare company said its Omnipod 5 Insulin System got approval from the Food and Drug Administration.
Insulet said in a news release Tuesday that its Omnipod 5 Automated Insulin Delivery System has been cleared by the FDA for use by people over 18 with Type 2 diabetes. The Omnipod 5 is an insulin delivery system that is used to manage blood sugar levels. The pod sticks to the patient's skin and is attached to their arm; it automatically adjusts insulin delivery every 5 minutes.
"Today's announcement represents a significant milestone in providing easy-to-use, patient-centric technology for the treatment of Type 2 diabetes," Chief Executive Jim Hollingshead said in the news release.
Shares of Insulet jumped 7.5% to $194.22 in recent trading and were on pace for their largest daily percentage increase since Nov. 3, 2023, according to Dow Jones Market Data. The stock was the best performer in the S&P 500 Tuesday while the index gained 0.2%.
Insulet stock could use the boost. It has dropped 11% this year and 41% from its record close of $330.23 on May 12, 2023.
Shares fell 8.8% on Aug. 9 after the insulin technology developer reported solid second-quarter results. However, investors seemed to be focused on the potential for slower user growth than previously expected.
Write to Angela Palumbo at angela.palumbo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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macenews:54e60b549094b:0 | SPX | US DALLAS FED TEXAS SERVICE SECTOR BUSINESS ACTIVITY INDEX -7.7 IN AUGUST VS. -0.1 IN JULY | macenews | https://www.tradingview.com/news/providers/macenews/ | 2024-08-27T15:04:00+00:00 | https://www.tradingview.com/news/macenews:54e60b549094b:0-us-dallas-fed-texas-service-sector-business-activity-index-7-7-in-august-vs-0-1-in-july/ | null | [{'symbol': 'ECONOMICS:USGDP', 'base_logoid': 'country/US'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:SX5E', 'base_logoid': 'indices/euro-stoxx-50'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CBOE:VXTYS', 'logoid': '', 'base_logoid': ''}, {'symbol': 'ICEUS:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'CBOE:TYVIX1', 'logoid': '', 'base_logoid': ''}, {'symbol': 'CBOE:VIX', 'base_logoid': 'indices/volatility-s-and-p-500'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'CBOE:DJX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'CBOE:VXVOL', 'logoid': '', 'base_logoid': ''}, {'symbol': 'FX:FED30D', 'logoid': '', 'base_logoid': ''}] | /news/macenews:54e60b549094b:0-us-dallas-fed-texas-service-sector-business-activity-index-7-7-in-august-vs-0-1-in-july/ | EN | null | null | indices | null | null | null |
te_news:426442:0 | SPX | US Stocks Volatile Near Record | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-27T14:58:53+00:00 | https://www.tradingview.com/news/te_news:426442:0-us-stocks-volatile-near-record/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426442:0-us-stocks-volatile-near-record/ | EN | US stocks fluctuated near all-time highs on Tuesday as traders awaited Nvidia's earnings to determine if the AI-driven rally has been overdone.Nvidia's shares rose more than 1%, with investors closely watching its results, which are expected to show a significant revenue increase.Meanwhile, Super M… | US stocks fluctuated near all-time highs on Tuesday as traders awaited Nvidia's earnings to determine if the AI-driven rally has been overdone.
Nvidia's shares rose more than 1%, with investors closely watching its results, which are expected to show a significant revenue increase.
Meanwhile, Super Micro Computer Inc. dropped after Hindenburg Research revealed a short position against the company.
Additionally, focus is on upcoming reports concerning US economic growth, inflation, personal spending, and jobs.
Among individual stocks, Paramount Global fell 5% after an acquisition contest ended, Hershey declined following a downgrade by Citigroup, while JD.com gained nearly 3% after announcing a $5 billion share buyback.
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te_news:426425:0 | SPX | US Stocks Fall Ahead Nvidia, Economic Data | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-27T13:39:53+00:00 | https://www.tradingview.com/news/te_news:426425:0-us-stocks-fall-ahead-nvidia-economic-data/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426425:0-us-stocks-fall-ahead-nvidia-economic-data/ | EN | US stocks fell on Tuesday as investors remained cautious ahead of Nvidia's earnings report and a series of key US economic data later in the week.Nvidia's shares dropped about 1% as investors closely monitor its second-quarter results to gauge the strength of the AI sector, especially after other m… | US stocks fell on Tuesday as investors remained cautious ahead of Nvidia's earnings report and a series of key US economic data later in the week.
Nvidia's shares dropped about 1% as investors closely monitor its second-quarter results to gauge the strength of the AI sector, especially after other major tech firms reported disappointing earnings.
Additionally, focus is on upcoming reports concerning US economic growth, inflation, personal spending, and jobs.
Among individual stocks, Paramount Global fell 5% after an acquisition contest ended, Hershey declined following a downgrade by Citigroup, while JD.com gained nearly 3% after announcing a $5 billion share buyback.
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DJN_DN20240827004500_20240827004500:0 | SPX | S&P 500 Falls 15.30 Points (0.27%) | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-27T13:33:00+00:00 | https://www.tradingview.com/news/DJN_DN20240827004500_20240827004500:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240827004500_20240827004500:0/ | EN | null | null | indices | null | null | null |
barchart:62cecbe23094b:0 | SPX | Stock Index Futures Tread Water Ahead of U.S. Economic Data, Nvidia Earnings Awaited | barchart | https://www.barchart.com/ | 2024-08-27T11:41:46+00:00 | https://www.tradingview.com/news/barchart:62cecbe23094b:0-stock-index-futures-tread-water-ahead-of-u-s-economic-data-nvidia-earnings-awaited/ | null | [{'symbol': 'CME_MINI:NQU2024', 'base_logoid': 'indices/nasdaq-100'}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NASDAQ:ARM', 'base_logoid': 'arm'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NYSE:MRO', 'base_logoid': 'marathon-oil'}, {'symbol': 'NYSE:COP', 'base_logoid': 'conocophillips'}, {'symbol': 'NYSE:BJ', 'base_logoid': 'bjs-whsl-club-hldgs'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:DTG', 'base_logoid': 'dte-energy'}, {'symbol': 'NASDAQ:PARA', 'base_logoid': 'viacomcbs'}, {'symbol': 'NYSE:CAVA', 'base_logoid': 'cava'}, {'symbol': 'NASDAQ:TCOM', 'base_logoid': 'ctrip-com-international'}, {'symbol': 'NASDAQ:XWEL', 'base_logoid': 'xwell'}, {'symbol': 'NYSE:HSY', 'base_logoid': 'hershey'}, {'symbol': 'NYSE:CLF', 'base_logoid': 'cleveland-cliffs'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}] | /news/barchart:62cecbe23094b:0-stock-index-futures-tread-water-ahead-of-u-s-economic-data-nvidia-earnings-awaited/ | EN | September S&P 500 E-Mini futures (ESU24) are down -0.04%, and September Nasdaq 100 E-Mini futures CME_MINI:NQU2024 are up +0.05% this morning as investors awaited a fresh batch of U.S. economic data and braced for Nvidia’s financial report due on Wednesday.In yesterday’s trading session, Wall Stree… | September S&P 500 E-Mini futures () are down -0.04%, and September Nasdaq 100 E-Mini futures CME_MINI:NQU2024 are up +0.05% this morning as investors awaited a fresh batch of U.S. economic data and braced for Nvidia’s financial report due on Wednesday.
In yesterday’s trading session, Wall Street’s major indexes ended mixed, with the blue-chip Dow posting a new record high and the tech-heavy Nasdaq 100 dropping to a 1-week low. PDD Holdings NASDAQ:PDD plummeted over -28% and was the top percentage loser on the Nasdaq 100 after the Temu-owner reported weaker-than-expected Q2 revenue. Also, chip stocks slumped, with Arm NASDAQ:ARM sliding nearly -5% and Marvell Technology NASDAQ:MRVL dropping more than -4%. In addition, Tesla NASDAQ:TSLA fell over -3% after Canada announced it would levy a new 100% tariff on Chinese-made electric vehicles, which includes Teslas manufactured in China. On the bullish side, energy stocks gained ground as the price of WTI crude climbed over +3% to a 1-week high, with Marathon Oil NYSE:MRO and ConocoPhillips NYSE:COP rising more than +1%. Also, BJ’s Wholesale NYSE:BJ advanced over +1% after JPMorgan upgraded the stock to Neutral from Underweight.
The U.S. Census Department said on Monday that U.S. durable goods orders surged +9.9% m/m in July, topping the +4.0% m/m consensus and rebounding from a -6.9% m/m slump in June (revised from -6.6% m/m). At the same time, U.S. July core durable goods orders unexpectedly fell -0.2% m/m, weaker than expectations of 0.0% m/m.
Richmond Fed President Thomas Barkin said on Monday that he still sees upside risks for inflation, though he supports “dialing down” interest rates amid a cooling labor market. Also, San Francisco Fed President Mary Daly stated that she believes it’s appropriate for the Fed to begin reducing interest rates and indicated that a larger rate cut remains on the table if the labor market weakens further. “Hard to imagine anything that could derail the September rate cut,” Daly said.
U.S. rate futures have priced in a 71.5% chance of a 25 basis point rate cut and a 28.5% chance of a 50 basis point rate cut at the next FOMC meeting in September.
Meanwhile, investors are awaiting an earnings report from AI-darling Nvidia NASDAQ:NVDA on Wednesday. Expectations heading into the chipmaker’s quarterly results are high, with analysts forecasting another strong consensus beat that could lead to an upward revision in the company’s profit guidance. The July reading of the U.S. core personal consumption expenditures price index, the Fed’s first-line inflation gauge, set to be released on Friday, will also be on investors’ radar.
Today, all eyes are focused on the U.S. Conference Board’s Consumer Confidence Index, set to be released in a couple of hours. Economists, on average, forecast that the August CB Consumer Confidence index will stand at 100.9, compared to last month’s figure of 100.3.
Also, investors will focus on the U.S. S&P/CS HPI Composite - 20 n.s.a., which arrived at +6.8% y/y in May. Economists foresee the June figure to be +6.2% y/y.
The U.S. Richmond Manufacturing Index will be reported today as well. Economists estimate this figure to come in at -14 in August, compared to the previous value of -17.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 3.834%, up +0.45%.
The Euro Stoxx 50 futures are up +0.35% this morning as investors continued to evaluate the latest economic data and consider potential responses from major central banks. Mining stocks gained ground on Tuesday, while retail and technology stocks slumped. A survey released on Tuesday revealed that German consumer sentiment is expected to decline heading into September, influenced by slightly rising unemployment, job cuts, and increasing insolvencies, which are dampening income expectations. Separately, final data from the Federal Statistical Office revealed Tuesday that Germany’s quarterly gross domestic product decreased by 0.1% in the second quarter, following a 0.2% increase in the previous three-month period, confirming preliminary estimates. Meanwhile, market participants are awaiting the Eurozone’s preliminary inflation data for August, scheduled for release on Friday, to gain further insights into the European Central Bank’s policy trajectory. In corporate news, Bunzl Plc () climbed over +8% after the British business supplies distributor lifted its full-year adjusted operating profit guidance. At the same time, Daimler Truck Holding Ag NYSE:DTG fell about -1% after Goldman Sachs downgraded the stock to Neutral from Buy.
Germany’s GfK Consumer Climate Index and Germany’s GDP data were released today.
The German September GfK Consumer Climate Index arrived at -22.0, weaker than expectations of -18.0.
The German GDP has been reported at -0.1% q/q and 0.0% y/y in the second quarter, compared to expectations of -0.1% q/q and -0.1% y/y.
Asian stock markets today closed mixed. China’s Shanghai Composite Index (SHCOMP) closed down -0.24% and Japan’s Nikkei 225 Stock Index (NIK) closed up +0.47%.
China’s Shanghai Composite Index closed lower today, snapping a two-day winning streak as Canada’s new tariffs on electric vehicles and metals from China dampened market sentiment. Automobile and related stocks underperformed on Tuesday. Canada announced on Monday that it would impose a 100% tariff on imports of Chinese electric vehicles and introduce a 25% tariff on imported steel and aluminum from China. Meanwhile, Beijing called on Canada to promptly rectify the “wrong practices” of imposing new tariffs against the Asian country. The news overshadowed data showing that China’s industrial profits increased at the quickest rate in five months in July, a positive indicator for Beijing as it intensifies its focus on manufacturing to revive the economy. Profits at China’s industrial firms rose 4.1% in July compared to the previous year, up from the 3.6% growth seen in June, according to data from the National Bureau of Statistics released on Tuesday. In corporate news, Xpeng rose more than +4% in Hong Kong after its founder and CEO, He Xiaopeng, purchased 2 million shares of the company on Monday to increase his stake. Investors are now awaiting the release of official Chinese PMI figures for August, scheduled for Saturday, to gain further insights into the state of the world’s second-largest economy.
Japan’s Nikkei 225 Stock Index closed higher today, rebounding from earlier losses due to potential dip-buying and yen weakness. Energy and healthcare stocks led the gains on Tuesday. Analysts noted that Japanese equities might also have been buoyed by ongoing hopes for Fed rate cuts after Fed officials on Monday reiterated Fed Chair Powell’s dovish remarks. Meanwhile, Japanese Finance Minister Shunichi Suzuki stated Tuesday that the nation’s government will closely monitor the effects of potential U.S. interest rate cuts on the Japanese economy. “The government will continue to carefully monitor what kind of effects would bring about because they could affect the Japanese economy through various ways including external demand and overseas prices,” Suzuki said. The yen weakened on Tuesday after Japan’s corporate services price index, a gauge of producer inflation, slowed more than anticipated in July. In corporate news, NS Solutions surged over +10% after activist investor 3D Investment Partners built a 5% stake in the company. Investors await July industrial production, retail sales, and unemployment figures, along with Tokyo’s inflation data for August, later in the week to shape Japan’s economic and interest rate outlook. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed down -7.00% to 23.65.
The Japanese July Corporate Services Price Index came in at +2.8% y/y, weaker than expectations of +2.9% y/y.
Pre-Market U.S. Stock Movers
Paramount Global NASDAQ:PARA slid over -5% in pre-market trading after media veteran Edgar Bronfman abandoned his bid to acquire the company.
CAVA Group NYSE:CAVA slumped more than -8% in pre-market trading after Theo Xenohristos, a fast-casual Mediterranean restaurant chain director, filed to sell more than 98,000 shares of the company.
Trip.com NASDAQ:TCOM climbed over +10% in pre-market trading after the company reported stronger-than-expected Q2 adjusted EPS.
Xwell NASDAQ:XWEL gained more than +4% in pre-market trading after announcing an agreement to offer Priority Pass members access to its spas.
Hershey NYSE:HSY fell over -1% in pre-market trading after Citi downgraded the stock to Sell from Neutral with a price target of $182.
Cleveland-Cliffs NYSE:CLF rose more than +1% in pre-market trading after Seaport Research upgraded the stock to Buy from Neutral with a $16.50 price target.
Today’s U.S. Earnings Spotlight: Tuesday - August 27th
Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Woodside Energy (WDS), SentinelOne (S), PVH (PVH), Box Inc (BOX), Ncino (NCNO), Nordstrom (JWN), Semtech (SMTC), Ambarella (AMBA), American Woodmark (AMWD), ScanSource (SCSC), REX American Resources (REX), The Hain Celestial (HAIN), Waldencast Acquisition (WALD), Jiayin (JFIN), Electromed (ELMD).
On the date of publication, did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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te_news:426410:0 | SPX | US Futures Flat as Investors Await Nvidia Earnings and Key Data | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-27T11:32:25+00:00 | https://www.tradingview.com/news/te_news:426410:0-us-futures-flat-as-investors-await-nvidia-earnings-and-key-data/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426410:0-us-futures-flat-as-investors-await-nvidia-earnings-and-key-data/ | EN | US stock index futures were mostly flat on Tuesday as investors remained cautious ahead of Nvidia's earnings and key economic data later in the week.Nvidia's shares rose 0.5% in premarket trading, with investors closely watching its results, which are expected to show a significant revenue increase… | US stock index futures were mostly flat on Tuesday as investors remained cautious ahead of Nvidia's earnings and key economic data later in the week.
Nvidia's shares rose 0.5% in premarket trading, with investors closely watching its results, which are expected to show a significant revenue increase.
Other chip stocks like Broadcom and AMD also saw modest gains after a recent dip in semiconductor stocks.
Optimism about potential rate cuts following Fed Chair Jerome Powell's recent comments buoyed sentiment.
Traders are betting on a 25 or 50 basis point rate cut in September, with a 71.5% chance of the smaller cut.
Meanwhile, UBS Global Wealth Management raised the odds of a U.S. recession to 25%, citing weaker job growth.
Investors are also awaiting the July Personal Consumption Expenditure data, due Friday, which is expected to provide further insight into the Fed's policy direction.
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benzinga:393925aef094b:0 | QQQ | Wall Street On Track For Weak Start As Anticipation For Nvidia Earnings Drives Traders To Sidelines: Strategist Flags Shift From Volatile Tech Stocks To Good Dividend-Paying Bets | benzinga | https://benzinga.com/ | 2024-08-27T10:59:54+00:00 | https://www.tradingview.com/news/benzinga:393925aef094b:0-wall-street-on-track-for-weak-start-as-anticipation-for-nvidia-earnings-drives-traders-to-sidelines-strategist-flags-shift-from-volatile-tech-stocks-to-good-dividend-paying-bets/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'NASDAQ:PARA', 'base_logoid': 'viacomcbs'}, {'symbol': 'NYSE:CAVA', 'base_logoid': 'cava'}, {'symbol': 'NASDAQ:AMBA', 'base_logoid': 'ambarella'}, {'symbol': 'NYSE:BOX', 'base_logoid': 'box'}, {'symbol': 'NASDAQ:NCNO', 'base_logoid': 'ncino'}, {'symbol': 'NYSE:JWN', 'base_logoid': 'nordstrom'}, {'symbol': 'NYSE:PVH', 'base_logoid': 'pvh'}, {'symbol': 'NASDAQ:SMTC', 'base_logoid': 'semtech'}, {'symbol': 'NYSE:S', 'base_logoid': 'sentinelone'}] | /news/benzinga:393925aef094b:0-wall-street-on-track-for-weak-start-as-anticipation-for-nvidia-earnings-drives-traders-to-sidelines-strategist-flags-shift-from-volatile-tech-stocks-to-good-dividend-paying-bets/ | EN | U.S. stocks are on track for a jittery start as traders brace for a few market-moving catalysts that will pan out over the next few sessions. The index futures were narrowly mixed in early trading. A couple of house price reading and the Conference Board’s consumer confidence data may provide some… | U.S. stocks are on track for a jittery start as traders brace for a few market-moving catalysts that will pan out over the next few sessions. The index futures were narrowly mixed in early trading. A couple of may provide some cues but traders may remain mostly on the sidelines to see off Nvidia Corp.’s NASDAQ:NVDA earnings and Friday’s inflation data.
Looking ahead to Nvidia’s earnings, fund manager Louis Navellier said, “There may be more downside from under-delivering good news, than upside from better than hoped for news, given the stock has a P/E in the 70’s.”
“Clearly, market momentum remains positive, with rate cuts the driver in the near term, and AI the longer-term driver,” he added.
FuturesPerformance (+/-)Nasdaq 100+0.05%S&P 500-0.01%Dow-0.06%R2K-0.02%In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust AMEX:SPY dipped 0.05% to $560.52, and the Invesco QQQ ETF NASDAQ:QQQ gained 0.01% to $475.38, according to Benzinga Pro data.
Cues From Last Session
Wall Street closed Monday’s session on a mixed note, with tech weakness weighing down on the Nasdaq Composite and the S&P 500 indices. The major averages all opened higher but fell sharply in early trading. While the Nasdaq Composite and the S&P 500 indices moved sideways mostly below the unchanged line for the remainder of the session, the Dow Industrials held above the flatline, closing at a new record.
The Russell 2,000 Index, which hovered in positive terrain for the bulk of the session, retreated in the final few minutes of trading and ended marginally lower.
IT and consumer discretionary stocks were among the worst-performing S&P 500 sectors, while energy, consumer staple and utility stocks saw some strength.
IndexPerformance (+/)ValueNasdaq Composite-0.85%17,725.77S&P 500 Index-0.32%5,616.84Dow Industrials+0.16%41,240.52Russell 2000-0.04%2,217.92Insights From Analysts:
Ahead of the September Fed meeting, WisdomTree Chief Economist and Wharton professor Jeremy Siegel said the overarching economic landscape is currently stable, given the stable jobless claims data and fairly strong housing market data. The market has responded by noticeably tilting toward value, dividend-paying and smaller-cap stocks.
“This trend reflects a broader anticipation of decreasing interest rates, making bonds less attractive to stocks in comparison,” the economist said. “It also suggests a potential shift in investor preference from high growth but volatile tech stocks, to more stocks paying good dividends, a realignment that could define the next phase of market behavior.”
Upcoming Economic Data
The results of the S&P/Case-Shiller house price survey for June are due at 9 a.m. EDT. The Federal House Finance Agency will also release the results of a separate housing price survey around the same time.The Conference Board is due to announce the results of its consumer confidence survey for August at 10 a.m. EDT, with the headline consumer confidence index expected to rise slightly from 100.3 in July to 101 in August.The Treasury is set to auction two-year notes at 1 p.m. EDT.See also:
Stocks In Focus:
Paramount Global NASDAQ:PARA fell over 3% after media veteran Edgar Bronfman, Jr., withdrew his offer for the company paving the way for it to combine with Skydance Media, LLC.CAVA Group, Inc. NYSE:CAVA plunged over 7% after the company’s post-earnings spike, with insider sales serving as the trigger.Ambarella, Inc. NASDAQ:AMBA, Box, Inc. NYSE:BOX, nCino, Inc. NASDAQ:NCNO, Nordstrom, Inc. NYSE:JWN, PVH Corp. NYSE:PVH, Semtech Corporation NASDAQ:SMTC and SentinelOne, Inc. NYSE:S are among the companies due to release their quarterly results after the market close.Commodities, Bonds And Global Equity Markets:
Crude oil futures pulled back after Monday’s strong rally and gold futures fell modestly. Bitcoin retreated below the $62.5K level. The yield on the 10-year Treasury note rose 2.1 basis points to 3.839%.
Asian stocks went about a lackluster run on Tuesday, drawing inspiration from the mixed performance on Wall Street overnight, while the European markets rose modestly amid some sour data from the region. German Federal Statistical Office confirmed that the nation’s economy contracted in the second quarter.
Read Next:
Top Nvidia Analyst Sees No Major Impact From Blackwell Delay, But Flags One Caveat He’s Wary About Ahead Of EarningsImage Via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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todayq:d4dd6c41a094b:0 | BTCUSDT | Crypto Millionaire Population Grows 95% in 12 Months- Study | todayq | https://news.todayq.com/ | 2024-08-27T09:49:00+00:00 | https://www.tradingview.com/news/todayq:d4dd6c41a094b:0-crypto-millionaire-population-grows-95-in-12-months-study/ | null | [{'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/todayq:d4dd6c41a094b:0-crypto-millionaire-population-grows-95-in-12-months-study/ | EN | The growing popularity of cryptocurrencies has attracted traditional financial giants like BlackRock and individual investors, who are increasingly investing in digital assets.As per a recent report by New World Wealth and Henley & Partners, the number of cryptocurrency millionaires grew significan… | The growing popularity of cryptocurrencies has attracted traditional financial giants like BlackRock and individual investors, who are increasingly investing in digital assets.
As per a recent report by New World Wealth and Henley & Partners, the number of cryptocurrency millionaires grew significantly globally in 2024. Thousands of new individuals debunk the list of digital asset millionaires every year.
Earlier in 2023, the total number of users holding cryptocurrencies above $1 Million was 88,200; however, the number doubled in 2024, reaching 172,300. In the same duration, the number of Bitcoin holders also grew and reached 85,400.
The report also notes that users holding crypto worth $100 Million grew to 325 individuals, and currently, there are 28 crypto Billionaries worldwide.
It is crucial to note that the report highlights that the launch of Bitcoin spot ETF and other recently launched crypto products have especially backed the surge in the count of millionaires and centi-millionaires.
The popularity of digital assets in developed nations like the United States and others has sent a positive sentiment over the broader finance space.
Some other available data states that Bitcoin is one of the most adopted cryptocurrencies globally, followed by Ethereum and Tether. Top Bitcoin Holders
According to River Intelligence, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is the wealthiest individual in terms of crypto holdings. Satoshi holds approximately 1.1 Million BTC worth billions of dollars as of writing.
The creator of Bitcoin has stored their digital assets holdings in 22,000 different wallets.
Tim Draper, the founder of Draper University, bought 40k Bitcoins using Mt Gox Exchange; however, soon after the purchase, they lost the BTCs in a hack. Later, in 2014, he again pilled up 22 656 Bitcoins at an average price of $632 per BTC. Draper’s total holdings are valued at approximately $1.42 Billion as of writing.
The Chairman of MicroStrategy, Michael Saylor revealed in 2020 that he personally holds 17,732 Bitcoins; his company is one the leading institutions holding BTCs. Saylor remains in the spotlight for his pro-crypto approach and statements.
Tyler and Cameron Winklevoss, Gemini’s twin brothers and creators, personally hold approximately 70,000 Bitcoins worth over $4.39 Billion as of press time. As per market experts, the purchase was followed by the settlement in the tussle from Facebook.
In terms of institutional holdings, Binance holds 248,597 Bitcoin in thousands of cold wallets. Arkham Intelligence claims that Robinhood controls 118,300 BTC worth over $7 Billion till press time. Crypto Market Price Updates
The fear and greed index powered by CoinMarketCap is at 54, reflecting neutrality. However, the crypto market cap fell over 1.82%, reaching $2.21 Trillion. The broader crypto market has mirrored several milestones, including Bitcoin reaching its all-time high in March 2024. Source: TradingView
Until publishing, Bitcoin was trading at $62,376, with a steep decline of 1.54% intraday. Despite the decline, its current prices are trading above 20,50,100, and 200 days EMA.
Bitcoin improved its dominance in YTD with a growth of 11.52%; it now dominates 57.53% of the entire market. However, the market cap of BTC grew 5.65% in a week, reaching $1.24 Trillion.
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barchart:87558ea34094b:0 | SPX | Stock Index Futures Inch Higher Ahead of U.S. Economic Data, Nvidia Earnings Awaited | barchart | https://www.barchart.com/ | 2024-08-27T09:45:27+00:00 | https://www.tradingview.com/news/barchart:87558ea34094b:0-stock-index-futures-inch-higher-ahead-of-u-s-economic-data-nvidia-earnings-awaited/ | null | [{'symbol': 'CME_MINI:NQU2024', 'base_logoid': 'indices/nasdaq-100'}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NASDAQ:ARM', 'base_logoid': 'arm'}, {'symbol': 'NASDAQ:MRVL', 'base_logoid': 'marvell-tech'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NYSE:MRO', 'base_logoid': 'marathon-oil'}, {'symbol': 'NYSE:COP', 'base_logoid': 'conocophillips'}, {'symbol': 'NYSE:BJ', 'base_logoid': 'bjs-whsl-club-hldgs'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:DTG', 'base_logoid': 'dte-energy'}, {'symbol': 'NASDAQ:TCOM', 'base_logoid': 'ctrip-com-international'}, {'symbol': 'NASDAQ:XWEL', 'base_logoid': 'xwell'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}] | /news/barchart:87558ea34094b:0-stock-index-futures-inch-higher-ahead-of-u-s-economic-data-nvidia-earnings-awaited/ | EN | September S&P 500 E-Mini futures (ESU24) are up +0.14%, and September Nasdaq 100 E-Mini futures CME_MINI:NQU2024 are up +0.28% this morning, rebounding slightly from Monday’s tech-driven losses on Wall Street, while investors awaited a fresh batch of U.S. economic data and braced for Nvidia’s finan… | September S&P 500 E-Mini futures () are up +0.14%, and September Nasdaq 100 E-Mini futures CME_MINI:NQU2024 are up +0.28% this morning, rebounding slightly from Monday’s tech-driven losses on Wall Street, while investors awaited a fresh batch of U.S. economic data and braced for Nvidia’s financial report due on Wednesday.
In yesterday’s trading session, Wall Street’s major indexes ended mixed, with the blue-chip Dow posting a new record high and the tech-heavy Nasdaq 100 dropping to a 1-week low. PDD Holdings NASDAQ:PDD plummeted over -28% and was the top percentage loser on the Nasdaq 100 after the Temu-owner reported weaker-than-expected Q2 revenue. Also, chip stocks slumped, with Arm NASDAQ:ARM sliding nearly -5% and Marvell Technology NASDAQ:MRVL dropping more than -4%. In addition, Tesla NASDAQ:TSLA fell over -3% after Canada announced it would levy a new 100% tariff on Chinese-made electric vehicles, which includes Teslas manufactured in China. On the bullish side, energy stocks gained ground as the price of WTI crude climbed over +3% to a 1-week high, with Marathon Oil NYSE:MRO and ConocoPhillips NYSE:COP rising more than +1%. Also, BJ’s Wholesale NYSE:BJ advanced over +1% after JPMorgan upgraded the stock to Neutral from Underweight.
The U.S. Census Department said on Monday that U.S. durable goods orders surged +9.9% m/m in July, topping the +4.0% m/m consensus and rebounding from a -6.9% m/m slump in June (revised from -6.6% m/m). At the same time, U.S. July core durable goods orders unexpectedly fell -0.2% m/m, weaker than expectations of 0.0% m/m.
Richmond Fed President Thomas Barkin said on Monday that he still sees upside risks for inflation, though he supports “dialing down” interest rates amid a cooling labor market. Also, San Francisco Fed President Mary Daly stated that she believes it’s appropriate for the Fed to begin reducing interest rates and indicated that a larger rate cut remains on the table if the labor market weakens further. “Hard to imagine anything that could derail the September rate cut,” Daly said.
U.S. rate futures have priced in a 71.5% chance of a 25 basis point rate cut and a 28.5% chance of a 50 basis point rate cut at the next FOMC meeting in September.
Meanwhile, investors are awaiting an earnings report from AI-darling Nvidia NASDAQ:NVDA on Wednesday. Expectations heading into the chipmaker’s quarterly results are high, with analysts forecasting another strong consensus beat that could lead to an upward revision in the company’s profit guidance. The July reading of the U.S. core personal consumption expenditures price index, the Fed’s first-line inflation gauge, set to be released on Friday, will also be on investors’ radar.
Today, all eyes are focused on the U.S. Conference Board’s Consumer Confidence Index, set to be released in a couple of hours. Economists, on average, forecast that the August CB Consumer Confidence index will stand at 100.9, compared to last month’s figure of 100.3.
Also, investors will focus on the U.S. S&P/CS HPI Composite - 20 n.s.a., which arrived at +6.8% y/y in May. Economists foresee the June figure to be +6.2% y/y.
The U.S. Richmond Manufacturing Index will be reported today as well. Economists estimate this figure to come in at -14 in August, compared to the previous value of -17.
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 3.834%, up +0.45%.
The Euro Stoxx 50 futures are up +0.35% this morning as investors continued to evaluate the latest economic data and consider potential responses from major central banks. Mining stocks gained ground on Tuesday, while retail and tech stocks slumped. A survey released on Tuesday revealed that German consumer sentiment is expected to decline heading into September, influenced by slightly rising unemployment, job cuts, and increasing insolvencies, which are dampening income expectations. Separately, final data from the Federal Statistical Office revealed Tuesday that Germany’s quarterly gross domestic product decreased by 0.1% in the second quarter, following a 0.2% increase in the previous three-month period, confirming preliminary estimates. Meanwhile, market participants are awaiting the Eurozone’s preliminary inflation data for August, scheduled for release on Friday, to gain further insights into the European Central Bank’s policy trajectory. In corporate news, Bunzl Plc () climbed over +8% after the British business supplies distributor lifted its full-year adjusted operating profit guidance. At the same time, Daimler Truck Holding Ag NYSE:DTG fell about -1% after Goldman Sachs downgraded the stock to Neutral from Buy.
Germany’s GfK Consumer Climate Index and Germany’s GDP data were released today.
The German September GfK Consumer Climate Index arrived at -22.0, weaker than expectations of -18.0.
The German GDP has been reported at -0.1% q/q and 0.0% y/y in the second quarter, compared to expectations of -0.1% q/q and -0.1% y/y.
Asian stock markets today closed mixed. China’s Shanghai Composite Index (SHCOMP) closed down -0.24% and Japan’s Nikkei 225 Stock Index (NIK) closed up +0.47%.
China’s Shanghai Composite Index closed lower today, snapping a two-day winning streak as Canada’s new tariffs on electric vehicles and metals from China dampened market sentiment. Automobile and related stocks underperformed on Tuesday. Canada announced on Monday that it will impose a 100% tariff on imports of Chinese electric vehicles and introduce a 25% tariff on imported steel and aluminum from China. Meanwhile, Beijing called on Canada to promptly rectify the “wrong practices” of imposing new tariffs against the Asian country. The news overshadowed data showing that China’s industrial profits increased at the quickest rate in five months in July, a positive indicator for Beijing as it intensifies its focus on manufacturing to revive the economy. Profits at China’s industrial firms rose 4.1% in July compared to the previous year, up from the 3.6% growth seen in June, according to data from the National Bureau of Statistics released on Tuesday. In corporate news, Xpeng rose more than +4% in Hong Kong after its founder and CEO, He Xiaopeng, purchased 2 million shares of the company on Monday to increase his stake. Investors are now awaiting the release of official Chinese PMI figures for August, scheduled for Saturday, to gain further insights into the state of the world’s second-largest economy.
Japan’s Nikkei 225 Stock Index closed higher today, rebounding from earlier losses due to potential dip-buying and yen weakness. Energy and healthcare stocks led the gains on Tuesday. Analysts noted that Japanese equities might also have been buoyed by ongoing hopes for Fed rate cuts after Fed officials on Monday reiterated Fed Chair Powell’s dovish remarks. Meanwhile, Japanese Finance Minister Shunichi Suzuki stated Tuesday that the nation’s government will closely monitor the effects of potential U.S. interest rate cuts on the Japanese economy. “The government will continue to carefully monitor what kind of effects would bring about because they could affect the Japanese economy through various ways including external demand and overseas prices,” Suzuki said. The yen weakened on Tuesday after Japan’s corporate services price index, a gauge of producer inflation, slowed more than anticipated in July. In corporate news, NS Solutions surged over +10% after activist investor 3D Investment Partners built a 5% stake in the company. Investors await July industrial production, retail sales, and unemployment figures, along with Tokyo’s inflation data for August, later in the week to shape Japan’s economic and interest rate outlook. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed down -7.00% to 23.65.
The Japanese July Corporate Services Price Index came in at +2.8% y/y, weaker than expectations of +2.9% y/y.
Pre-Market U.S. Stock Movers
Trip.com NASDAQ:TCOM climbed over +10% in pre-market trading after the company reported stronger-than-expected Q2 adjusted EPS.
Xwell NASDAQ:XWEL gained more than +4% in pre-market trading after announcing an agreement to offer Priority Pass members access to its spas.
Hershey NYSE:HSY fell over -1% in pre-market trading after Citi downgraded the stock to Sell from Neutral with a price target of $182.
Today’s U.S. Earnings Spotlight: Tuesday - August 27th
Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Woodside Energy (WDS), SentinelOne (S), PVH (PVH), Box Inc (BOX), Ncino (NCNO), Nordstrom (JWN), Semtech (SMTC), Ambarella (AMBA), American Woodmark (AMWD), ScanSource (SCSC), REX American Resources (REX), The Hain Celestial (HAIN), Waldencast Acquisition (WALD), Jiayin (JFIN), Electromed (ELMD).
On the date of publication, did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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cointelegraph:0f4f24ea1094b:0 | BTCUSDT | BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses | cointelegraph | https://cointelegraph.com | 2024-08-27T05:44:51+00:00 | https://www.tradingview.com/news/cointelegraph:0f4f24ea1094b:0-blackrock-etf-sees-biggest-inflow-in-35-days-as-bitcoin-weekly-rally-pauses/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cointelegraph:0f4f24ea1094b:0-blackrock-etf-sees-biggest-inflow-in-35-days-as-bitcoin-weekly-rally-pauses/ | EN | BlackRock’s Bitcoin exchange-traded fund (ETF) recorded its largest daily net inflow in 35 days, with buyers seemingly taking advantage of Bitcoin’s small slide under $64,000 after a weekly rally. The iShares Bitcoin Trust ETF (IBIT) on Monday, Aug. 26, recorded a $224.1 million net inflow, its lar… | BlackRock’s Bitcoin exchange-traded fund (ETF) recorded its largest daily net inflow in 35 days, with buyers seemingly taking advantage of Bitcoin’s small slide under $64,000 after a weekly rally.
The iShares Bitcoin Trust ETF (IBIT) on Monday, Aug. 26, recorded a $224.1 million net inflow, its largest since July 22 when it had $526.7 million in inflows and Bitcoin BINANCE:BTCUSD hit a daily top of $67,534 per Farside Investors data and Cointelegraph Markets Pro.
Bitcoin has fallen nearly 2% in the last 24 hours to $63,031 from a daily high of $64,121. It came after a strong weekly rally that took BTC from a seven-day low of $58,756 to a high of $64,475 on Aug. 25, its highest price since around the start of August.
IBIT’s inflows carried the 11 United States spot Bitcoin ETFs to record a $202.6 million daily joint net inflow, with funds from issuers Bitwise, Fidelity and VanEck together seeing total net outflows of $32.1 million.
The Franklin Bitcoin ETF (EZBC) and the WisdomTree Bitcoin Fund (BTCW) were the only other two ETFs to see net inflows — $5.5 million and $5.1 million, respectively.
Meanwhile, US-based Ether (ETH) ETFs saw joint net outflows of $13.2 million, with ETH seeing a 2.22% drop in the past day to $2,686.
IBIT’s dominating inflows for the day come after it led global crypto investment products for the week ending Aug. 23. According to CoinShares data, these products saw their highest weekly inflows in the past five weeks.
Bitcoin investment products saw the most significant inflows last week, hitting $543 million, with IBIT again catching the most inflows of any crypto investment product at $318 million.
CoinShares head of research James Butterfill noted that last week’s crypto product buys were fueled by anticipation that the US Federal Reserve could cut interest rates, following its chair Jerome Powell's suggestion on Aug. 21 that they could occur in September.
| crypto | null | null | null |
tag:reuters.com,2024:newsml_L4N3KE098:0 | SPX | Rate-cut relief doused by geopolitics | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-27T04:30:11+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KE098:0-rate-cut-relief-doused-by-geopolitics/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'ICEUS:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'CURRENCYCOM:UK100', 'base_logoid': 'indices/uk-100'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/reuters.com,2024:newsml_L4N3KE098:0-rate-cut-relief-doused-by-geopolitics/ | EN | A look at the day ahead in European and global markets from Ankur BanerjeeOptimism over looming U.S. interest rate cuts have been tempered by nervousness over what economic data will show in the coming weeks, sky-high expectations from earnings of AI darling Nvidia and evolving tensions in the Midd… | A look at the day ahead in European and global markets from Ankur Banerjee
Optimism over looming U.S. interest rate cuts have been tempered by nervousness over what economic data will show in the coming weeks, sky-high expectations from earnings of AI darling Nvidia and evolving tensions in the Middle East.
That has left markets on edge and taking a breather, with the yen hovering near three-week highs, the dollar steady but close to 13-month lows and Asian stocks down 0.42% on Tuesday after touching its highest in a month on Monday.
Oil prices eased after surging in the previous session due to supply concerns, while gold was hovering close to a record peak touched last week on safe haven flows.
Futures indicate European stock markets are set for a subdued open as well, with London stocks returning from a holiday on Monday.
Investors await key economic data this week, including EU inflation on Friday, for signals on the policy path for the European Central Bank, which meets on Sept. 12, where traders have broadly priced in a 25 basis point rate cut. (ECBWATCH)
Nvidia's earnings on Wednesday will set the tone for a potential AI rally and improved risk appetite now that markets are braced for rate cuts.
Anything other than an eye-watering growth forecast will likely unnerve investor confidence, but until then, markets will be jittery and choppy. Focus will be on Europe's technology stocks, after the tech index (.SX8P) slid 1% on Monday.
Another thing to watch for will be how European markets react to lacklustre earnings from Temu-owner PDD Holdings NASDAQ:PDD that underscored weak demand from Chinese consumers, wiping out $55 billion in market capitalisation.
European luxury companies have also been hit by reduced spending from Chinese consumers.
The U.S. personal consumption expenditure price index - the Fed's preferred gauge of inflation - is due on Friday and will be closely scrutinised especially after Fed Chair Jerome Powell all but confirmed a rate cut in September.
Markets are only concerned about the size of the cut - will it be a 25 bp cut or a bigger 50 bp cut next month. Traders are pricing in 100 bps of easing for the rest of the year's three Fed meetings. Data will decide where the Fed heads.
Key developments that could influence markets on Tuesday:
Economic events: Germany detailed GDP data for Q2
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te_news:426327:0 | SPX | US Futures Edge Lower as Key Earnings Eyed | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-27T00:00:37+00:00 | https://www.tradingview.com/news/te_news:426327:0-us-futures-edge-lower-as-key-earnings-eyed/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426327:0-us-futures-edge-lower-as-key-earnings-eyed/ | EN | US stock futures slipped on Tuesday as investors braced for key earnings reports this week, headlined by artificial intelligence darling Nvidia on Wednesday.Other major firms set to report quarterly results this week include CrowdStrike, Salesforce, Dell, Lululemon Athletica and Abercrombie & Fitch… | US stock futures slipped on Tuesday as investors braced for key earnings reports this week, headlined by artificial intelligence darling Nvidia on Wednesday.
Other major firms set to report quarterly results this week include CrowdStrike, Salesforce, Dell, Lululemon Athletica and Abercrombie & Fitch.
Markets also look ahead to Thursday’s initial jobless claims and Friday’s July Personal Consumption Expenditure data to guide the interest rate outlook.
In regular trading on Monday, the Dow rose 0.16% to close at a new record level, while the S&P 500 and Nasdaq Composite tumbled 0.32% and 0.85%, respectively.
Those moves came as investors rotated out of technology stocks into other less favored sectors like energy, consumer staples and utilities.
Chip and other tech stocks posted sharp losses including Nvidia (-2.3%), AMD (-3.2%) and Tesla (-3.2%).
| indices | null | null | null |
zycrypto:72079908b094b:0 | BTCUSDT | Bitcoin Surge To $70,000 Looms as Price Breaches Long Consolidation | zycrypto | https://zycrypto.com | 2024-08-26T20:44:59+00:00 | https://www.tradingview.com/news/zycrypto:72079908b094b:0-bitcoin-surge-to-70-000-looms-as-price-breaches-long-consolidation/ | null | [{'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'INDEX:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/zycrypto:72079908b094b:0-bitcoin-surge-to-70-000-looms-as-price-breaches-long-consolidation/ | EN | Bitcoin (BTC) started the week rather quietly, trading within a narrow range of around $64,000 early Monday. This stability followed a strong weekly close on Sunday, following a strong recovery from a low of $49,345 on August 5. During this recovery, the global crypto market cap also grew by approx… |
Bitcoin (BTC) started the week rather quietly, trading within a narrow range of around $64,000 early Monday. This stability followed a strong weekly close on Sunday, following a strong recovery from a low of $49,345 on August 5. During this recovery, the global crypto market cap also grew by approximately 29%, reaching $2.25 trillion. Notably, after a brief consolidation period of just over two weeks, Bitcoin surged past the closely watched resistance at $62,000 last Friday, setting the stage for a higher move.
Bitcoin’s recent price movements have been influenced by key factors, with initial concerns over potential BTC sales by the Mt. Gox trustees and the German and U.S. governments now largely subsiding. However, the upcoming U.S. presidential elections, often called the “Bitcoin election” within the crypto community, have introduced a new layer of uncertainty, leading investors to take a more cautious risk-off approach.
Nevertheless, despite these challenges, Bitcoin has demonstrated impressive resilience, with technical analysts increasingly optimistic about its future trajectory. Analyst “Captain Faibik,” along with others, has noted that Bitcoin is currently trading within an expanding triangle pattern. This formation indicates increasing volatility, with the upper boundary of the pattern positioned around the $70,000 mark. According to this analysis, Bitcoin is expected to approach this upper resistance level soon, potentially paving the way for a significant breakout if the current momentum persists.
“This week, Bitcoin may Retest the key $70k Resistance. Will Bitcoin Bulls be able to Break through the $70k Resistance this time?” he asked.
This bullish outlook is shared by analyst “Trader Tardigrade,” who highlighted that Bitcoin has now entered Phase D of the Wyckoff Accumulation pattern, a key stage where the cryptocurrency typically solidifies its support level before embarking on a significant upward move.
“Soon $BTC will give us Last Point of Support (LPS) and Sign of Strength (SOS). Once it leaves the accumulation stage, $BTC could reach over $100,000 in the Mark-up stage.” He wrote.
However, not all analysts are optimistic about BTC in the short term. Alan Santana cautioned that Bitcoin’s correction may not be over, suggesting that the price could drop to $40,000.
“Why would Bitcoin move lower? The market moves in cycles, and it tends to seek balance. A prolonged bullish wave, 16 months, is matched by a strong correction. It is just the way it works.” He .
He further predicted that Bitcoin will face its toughest period from August to September 2024, with a potential recovery beginning in October. Santana anticipates that this rebound could propel Bitcoin to a new all-time high of $190,000 by early 2025.
Bitcoin was trading at $63,481 at press time, down 1.10% over the past 24 hours.
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benzinga:6e3647e83094b:0 | QQQ | Nasdaq 100 Falls 1%, Tests 50-Day Average Support: Tech Stocks In Flux On Monday | benzinga | https://benzinga.com/ | 2024-08-26T20:32:00+00:00 | https://www.tradingview.com/news/benzinga:6e3647e83094b:0-nasdaq-100-falls-1-tests-50-day-average-support-tech-stocks-in-flux-on-monday/ | null | [{'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:SOXX', 'base_logoid': 'ishares'}, {'symbol': 'NASDAQ:AVGO', 'base_logoid': 'broadcom'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:6e3647e83094b:0-nasdaq-100-falls-1-tests-50-day-average-support-tech-stocks-in-flux-on-monday/ | EN | The week started on a sour note for the Nasdaq 100, which slipped by 1%, erasing the gains made last Friday when the index rallied following Fed Chair Jerome Powell‘s hint at a possible rate cut during his much-anticipated speech at Jackson Hole.Monday brought no significant news or economic data d… | The week started on a sour note for the Nasdaq 100, which slipped by 1%, erasing the gains made last Friday when the index rallied following Fed Chair Jerome Powell‘s hint at a possible rate cut during his much-anticipated
Monday brought no significant news or economic data directly impacting tech stocks, reflecting a cooling of risk sentiment after the tech-heavy index had surged over 14% since its August lows.
Two main factors weighed on the Nasdaq 100 on Monday, as tracked by the Invesco QQQ Trust NASDAQ:QQQ: the decline in semiconductor stocks and the sharp plunge in PDD Holdings Inc NASDAQ:PDD.
Investors took a cautious stance on semiconductor stocks ahead of the highly anticipated earnings report from Nvidia Corp. NASDAQ:NVDA, set to be released Wednesday after the market close.
A basket of chipmaker stocks, as tracked by the iShares Semiconductor ETF NASDAQ:SOXX, dropped 2.5% on Monday, unable to hold above its 200-day moving average.
Since semiconductor stocks represent nearly a quarter of the Nasdaq 100’s portfolio, they alone accounted for a 0.7 percentage point drop in the index’s performance for the day.
The other significant drag on the index was the Chinese retail giant PDD Holdings, which dragging down the Nasdaq 100 by an additional 0.25 percentage points.
Nasdaq 100 Negative Performance Contributors On Monday
CompanyWeight (%)1-day return (%) Contribution (pp)PDD Holdings Inc. 0.62-28.52-0.25Broadcom Inc. NASDAQ:AVGO5.15-4.03-0.21NVIDIA Corporation NASDAQ:NVDA8.24-2.26-0.19Tesla, Inc. NASDAQ:TSLA2.75-3.22-0.09Microsoft Corp. NASDAQ:MSFT4.76-1.3-0.06Chart: Tech Stocks Slip To 50-Day Moving Average Support
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Image created using artificial intelligence via Midjourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_DN20240826007057:0 | SPX | S&P 500 Falls 0.32% to 5616.84 — Data Talk | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-26T20:30:00+00:00 | https://www.tradingview.com/news/DJN_DN20240826007057:0-s-p-500-falls-0-32-to-5616-84-data-talk/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240826007057:0-s-p-500-falls-0-32-to-5616-84-data-talk/ | EN | The S&P 500 Index is down 17.77 points or 0.32% today to 5616.84Data based on preliminary market closing valuesSource: Dow Jones Market Data, FactSet | The S&P 500 Index is down 17.77 points or 0.32% today to 5616.84
Down two of the past three trading daysOff 0.89% from its record close of 5667.20 hit Tuesday, July 16, 2024Up 66.71% from the Election Day close of 3369.16 on Tuesday, Nov. 3, 2020Up 45.82% from the Inauguration Day close of 3851.85 on Wednesday, Jan. 20, 2021Today's closing value is the sixth highest this yearOff 0.89% from its 52-week high of 5667.20 hit Tuesday, July 16, 2024Up 36.42% from its 52-week low of 4117.37 hit Friday, Oct. 27, 2023Rose 26.70% from 52 weeks agoOff 0.89% from its 2024 closing high of 5667.20 hit Tuesday, July 16, 2024Up 19.80% from its 2024 closing low of 4688.68 hit Thursday, Jan. 4, 2024Month-to-date it is up 1.71%Year-to-date it is up 847.01 points or 17.76%Data based on preliminary market closing values
Source: Dow Jones Market Data, FactSet
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DJN_DN20240826006615_20240826006615:0 | SPX | S&P 500 Falls 17.77 Points (0.32%) | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-26T20:10:00+00:00 | https://www.tradingview.com/news/DJN_DN20240826006615_20240826006615:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240826006615_20240826006615:0/ | EN | null | null | indices | null | null | null |
te_news:426318:0 | SPX | Dow Notches Record High | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-26T20:01:20+00:00 | https://www.tradingview.com/news/te_news:426318:0-dow-notches-record-high/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426318:0-dow-notches-record-high/ | EN | US stocks faced a volatile session on Monday, with mixed performance across major indices as investors anticipated upcoming interest rate cuts and focused on Nvidia's eagerly awaited earnings report.The Dow Jones closed at record high while the S&P 500 and Nasdaq fell by 0.3% and 0.8%, respectively… | US stocks faced a volatile session on Monday, with mixed performance across major indices as investors anticipated upcoming interest rate cuts and focused on Nvidia's eagerly awaited earnings report.
The Dow Jones closed at record high while the S&P 500 and Nasdaq fell by 0.3% and 0.8%, respectively, weighed down by losses in tech stocks, particularly Nvidia (2.3%) and Tesla (3.2%).
The broader market showed signs of rotation out of tech stocks, with the S&P 500 energy sector gaining over 1%, while technology shares fell sharply.
This shift comes as investors digest Federal Reserve Chair Jerome Powell's strong signal that rate cuts are imminent, a move expected to impact various sectors differently.
Investors are also eyeing earnings reports from Dell, Salesforce, Dollar General, and Gap, as well as Friday's July Personal Consumption Expenditure data.
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benzinga:96f1ef504094b:0 | QQQ | AMD Stock Trades Down As Anticipation Builds For Nvidia Earnings | benzinga | https://benzinga.com/ | 2024-08-26T18:46:21+00:00 | https://www.tradingview.com/news/benzinga:96f1ef504094b:0-amd-stock-trades-down-as-anticipation-builds-for-nvidia-earnings/ | null | [{'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}] | /news/benzinga:96f1ef504094b:0-amd-stock-trades-down-as-anticipation-builds-for-nvidia-earnings/ | EN | Advanced Micro Devices, Inc. NASDAQ:AMD is trading down by more than 3% to $150 per share on Monday, likely due to weakness in the broader tech sector and anticipation of NVIDIA Corp’s second-quarter earnings report, set for release after Wednesday’s market close.Nvidia’s upcoming earnings report i… | Advanced Micro Devices, Inc. NASDAQ:AMD is trading down by more than 3% to $150 per share on Monday, likely due to weakness in the broader tech sector and anticipation of NVIDIA Corp’s second-quarter earnings report, set for release after Wednesday’s .
Nvidia’s upcoming earnings report is highly anticipated, with analysts forecasting a strong performance. Expected earnings are 64 cents per share on revenue of $28.68 billion, significantly up from the previous year. Nvidia’s stock, up roughly 160% year-to-date, could see further gains if results exceed expectations and positive outlooks for AI accelerators are given.
Why This Matters For AMD: Nvidia is a direct competitor to AMD in several markets, particularly in GPUs and AI accelerators. If Nvidia reports exceptionally strong earnings and provides positive guidance, it could signal that Nvidia is gaining more market share in these crucial areas. This could raise concerns that AMD may struggle to compete, potentially leading investors to sell AMD stock.
Read Also:
Nvidia’s results could likely set the tone for the entire semiconductor sector. If Nvidia significantly outperforms expectations, it might raise the bar for other companies like AMD. Investors could become concerned that AMD might not meet these heightened expectations.
Nvidia is also widely seen as a leader in AI hardware, particularly with its GPUs being critical for AI workloads. If Nvidia demonstrates strong growth and dominance in this area, it could overshadow AMD’s efforts in AI, further pressuring AMD’s stock.
Investors can gain exposure to AMD and Nvidia by investing in the Invesco QQQ Trust, Series 1 NASDAQ:QQQ and the SPDR S&P 500 ETF Trust AMEX:SPY.
How To Buy AMD Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Advanced Micro Devices’ case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, AMD has a 52-week high of and a 52-week low of
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_DN20240826005930:0 | SPX | Nasdaq and S&P 500 Fall, Oil Surges — WSJ | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-26T18:35:00+00:00 | https://www.tradingview.com/news/DJN_DN20240826005930:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240826005930:0/ | EN | By Patricia Kowsmann and Caitlin OstroffThe Nasdaq and S&P 500 were lower after coming off their best two-week stretch of the year.Chip stocks such as AMD, Arm, Micron and Nvidia, which reports later this week, pulled back Monday. China's PDD fell steeply after missing consensus sales forecasts and… | By Patricia Kowsmann and Caitlin Ostroff
The Nasdaq and S&P 500 were lower after coming off their best two-week stretch of the year.
Chip stocks such as AMD, Arm, Micron and Nvidia, which reports later this week, pulled back Monday. China's PDD fell steeply after missing consensus sales forecasts and giving a gloomy outlook.
Energy shares were among the best-performing sectors. Oil prices rose amid heightened tensions in the Middle East.
On Friday, excitement about coming rate cuts lifted most every part of the market. On Monday, old-economy stocks are holding up better than their high-tech equivalents.
Stock indexes diverged. The Dow industrials edged higher while the S&P 500 slipped. The Nasdaq Composite was down about 1%.
Oil jumped. U.S. crude added more than 3%, topping $77 a barrel.
Treasury yields hovered. The 10-year yield settled Friday at slightly over 3.8%.
Global stocks were mixed.
The Shanghai Composite ended flat. In Japan, a stronger yen weighed on the Nikkei 225, which lost 0.7%.
U.K. markets were closed for a holiday.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
Write to Patricia Kowsmann at patricia.kowsmann@wsj.com and Caitlin Ostroff at caitlin.ostroff@wsj.com
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benzinga:e7b721a4e094b:0 | QQQ | Pay Attention To Protecting Your Wealth, Trouble In Libya Impacts The U.S. | benzinga | https://benzinga.com/ | 2024-08-26T17:36:33+00:00 | https://www.tradingview.com/news/benzinga:e7b721a4e094b:0-pay-attention-to-protecting-your-wealth-trouble-in-libya-impacts-the-u-s/ | null | [{'symbol': 'NASDAQ:AAPL', 'base_logoid': 'apple'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:GLD', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:SLV', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:USO', 'base_logoid': 'uscf-fund'}] | /news/benzinga:e7b721a4e094b:0-pay-attention-to-protecting-your-wealth-trouble-in-libya-impacts-the-u-s/ | EN | To gain an edge, this is what you need to know today.Protect Your WealthPlease click here for an enlarged chart of U.S. dollar index (USDX, DX, DXY).Note the following:Magnificent Seven Money FlowsIn the early trade, money flows are neutral in Apple Inc NASDAQ:AAPL, Alphabet Inc Class C NASDAQ:GOOG… | To gain an edge, this is what you need to know today.
Protect Your Wealth
Please click here for an enlarged chart of U.S. dollar index (USDX, DX, DXY).
Note the following:
Investors need to pay attention to the dollar to protect their wealth if their wealth is in dollars or tied to the dollar.The chart is a weekly chart to give you a longer term perspective.The chart shows the dollar is at the top band of the support zone.The chart shows the dollar made a double top. This is a negative pattern.RSI on the chart shows the dollar is oversold, which could lead to a bounce in the short term.The chart shows that if the support zone is broken, there is significant room for the dollar to fall.The U.S. owes its economic prosperity and its status as the sole superpower in large part to the dollar being the world's reserve currency. Most of the world's trade is conducted in dollars. China is determined to replace the U.S. as the world's sole superpower. The Chinese and Russian governments understand that the key to achieving their objectives is to weaken the dollar and replace the dollar as the reserve currency. China and Russia have accelerated their attacks on the U.S. dollar. They have the support of BRICS. BRICS is a bloc that has consisted of Brazil, Russia, India, China, and South Africa. Six more countries have joined the BRICS bloc. The new countries are Iran, Egypt, Ethiopia, Argentina, Saudi Arabia, and U.A.E. All investors should take steps to protect their wealth. Investors should consider emerging markets, other developed markets, currencies when appropriate, gold, commodities, and commodity producers including metal producers, as exemplified in The Arora Report's ZYX Allocation and ZYX Emerging Model Portfolios.The world is interconnected. Oil prices are jumping about 3% this morning on trouble in Libya. Libya is a divided country with two rival governments – Tripoli based government and Benghazi based government. The Benghazi government has shut down all crude oil exports. This is in response to the Tripoli based government replacing the leadership of the central bank. Many media headlines are wrong in claiming that oil prices are jumping on Israel conducting a preemptive attack on Lebanon on Sunday and Hezbollah responding. The conflict between Israel and Hezbollah has no direct impact on oil unless Iran directly gets involved. So far, Iran has not been directly involved.The real reason oil prices are jumping is coming from Libya. Investors need to pay attention to oil prices because one of the reasons behind inflation coming down is the lower price of oil. The Fed is planning to cut rates because of lower inflation. The stock market has been going up on hopes of a rate cut. If the price of oil shoots up, inflation will rise, limiting the Fed's ability to cut rates. Such a scenario will be negative for the stock market, which is trading at a very high valuation. Durable goods data is mixed. Durable Orders came at 9.9% vs. 4.0% consensus.Durable Orders Ex-Transport came at -0.2% vs. 0.1% consensus. Magnificent Seven Money Flows
In the early trade, money flows are neutral in Apple Inc NASDAQ:AAPL, Alphabet Inc Class C NASDAQ:GOOG, Microsoft Corp NASDAQ:MSFT, NVIDIA Corp NASDAQ:NVDA.
In the early trade, money flows are negative in Amazon.com, Inc. NASDAQ:AMZN, Meta Platforms Inc NASDAQ:META, and and Tesla Inc NASDAQ:TSLA.
In the early trade, money flows are mixed in SPDR S&P 500 ETF Trust AMEX:SPY and Invesco QQQ Trust Series 1 NASDAQ:QQQ.
Momo Crowd And Smart Money In Stocks
Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is SPDR Gold Trust AMEX:GLD. The most popular ETF for silver is iShares Silver Trust AMEX:SLV. The most popular ETF for oil is United States Oil ETF AMEX:USO.
Bitcoin
Bitcoin is approaching $64,000. The recent rise has rekindled hopes of bitcoin making a new high and then going to $100,000.
Protection Band And What To Do Now
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
Traditional 60/40 Portfolio
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever Generate Wealth Newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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benzinga:1492b696f094b:0 | QQQ | Dow Jones Briefly Sets Record Highs, Tech Drops, Chipmakers Tumble As Oil Prices Spike On Geopolitical Risks: What's Driving Markets Monday? | benzinga | https://benzinga.com/ | 2024-08-26T17:30:41+00:00 | https://www.tradingview.com/news/benzinga:1492b696f094b:0-dow-jones-briefly-sets-record-highs-tech-drops-chipmakers-tumble-as-oil-prices-spike-on-geopolitical-risks-what-s-driving-markets-monday/ | null | [{'symbol': 'NASDAQ:SOXX', 'base_logoid': 'ishares'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:DIA', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:IWM', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:XLP', 'base_logoid': 'sector/consumer-staples'}, {'symbol': 'AMEX:XLK', 'base_logoid': 'sector/technology'}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NYSE:PBR', 'base_logoid': 'brasileiro-petrobras'}] | /news/benzinga:1492b696f094b:0-dow-jones-briefly-sets-record-highs-tech-drops-chipmakers-tumble-as-oil-prices-spike-on-geopolitical-risks-what-s-driving-markets-monday/ | EN | It's a mixed start to the week on Wall Street, with technology stocks dragging down the Nasdaq 100 and S&P 500 indices, while blue-chip stocks in the Dow Jones Industrial Average reached new all-time highs during the morning session in New York as traders weighed the latest surge in global geopolit… | It's a mixed start to the week on Wall Street, with technology stocks dragging down the Nasdaq 100 and S&P 500 indices, while blue-chip stocks in the Dow Jones Industrial Average reached new all-time highs during the morning session in New York as traders weighed the latest surge
Oil prices surged by 3% due to escalating tensions in the Middle East between Israel and Hezbollah, coupled with supply disruptions in Libya, where a government faction halted oil production.
The Dow reached 41,420 points around 10:30 a.m. E.T., marking fresh record highs before retreating slightly and advancing by only 0.1% by midday trading in New York. Small caps managed to book modest gains, with the Russell 2000 up 0.3%.
Semiconductors were the weakest segment within the broader tech sector, with the iShares Semiconductor ETF NASDAQ:SOXX dropping 2.3%, ahead of NVIDIA Corp.'s NASDAQ:NVDA highly anticipated earnings report, scheduled for release on Wednesday after the close.
Treasury yields remained broadly steady, while the U.S. dollar attracted some safe-haven demand, gaining ground against all major currencies.
In commodities, gold and silver prices held steady, copper edged up 0.3%, while natural gas prices dropped over 3%, on track for a fourth consecutive session of declines.
Bitcoin fell 1% to $63,613.
Monday’s Performance In Major U.S. Indices, ETFs
Major IndicesPrice1-day %chgRussell 20002,232.070.3%Dow Jones41,221.870.1%S&P 5005,620.72-0.2%Nasdaq 10019,547.44-0.9%According to Benzinga Pro data:
The SPDR S&P 500 ETF Trust AMEX:SPY was 0.1% lower to $561.33.The SPDR Dow Jones Industrial Average AMEX:DIA rose 0.3% to $412.75.The tech-heavy Invesco QQQ Trust Series NASDAQ:QQQ fell 0.8% to $476.06The iShares Russell 2000 ETF AMEX:IWM inched 0.3% higher to $220.95.The Consumer Staples Select Sector SPDR Fund AMEX:XLP outperformed, by 0.6%. The Technology Select Sector SPDR Fund AMEX:XLK lagged, down by 1%.Monday’s Stock Movers
PDD Holdings Inc. NASDAQ:PDD plummeted 29% after reporting weaker-than-expected quarterly results and revenue guidance. Petroleo Brasileiro SA NYSE:PBR rallied over 6% after Morgan Stanley upgraded the Brazilian state-run oil company to Overweight raising the price target for Petrobras’ American Depositary Receipts shares from $18 to $20.Read Now:
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240826:A3211231:0 | SPX | Exchange-Traded Funds, US Equities Mixed After Midday Trading | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-26T16:55:17+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240826:A3211231:0-exchange-traded-funds-us-equities-mixed-after-midday-trading/ | null | [{'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/mtnewswires.com:20240826:A3211231:0-exchange-traded-funds-us-equities-mixed-after-midday-trading/ | EN | Broad Market IndicatorsBroad-market exchange-traded fund IWM was rising Monday and IVV was trading lower. Actively traded Invesco QQQ Trust (QQQ) fell 0.8%. US equity indexes traded mixed and most government bond yields rose in choppy midday trading after orders for new durable goods jumped almost… | Broad Market Indicators
Broad-market exchange-traded fund IWM was rising Monday and IVV was trading lower. Actively traded Invesco QQQ Trust (QQQ) fell 0.8%.
US equity indexes traded mixed and most government bond yields rose in choppy midday trading after orders for new durable goods jumped almost twice as fast as the market had anticipated.
Energy
iShares US Energy ETF (IYE) rose 0.8% and Energy Select Sector SPDR (XLE) added 0.6%.
Technology
Technology Select Sector SPDR ETF (XLK) lost 1%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were declining.
SPDR S&P Semiconductor (XSD) was down 1.7%, and iShares Semiconductor (SOXX) was 2% lower.
Financial
Financial Select Sector SPDR (XLF) was up 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) rose 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 1.5%.
Commodities
Crude rose 2.9%; United States Oil Fund (USO) was up 2.9%. Natural gas fell 2.3% and the United States Natural Gas Fund (UNG) retreated 1.9%.
Gold was up 0.2% based on Comex, and SPDR Gold Shares (GLD) rose 0.3%. Silver was higher 0.3% and iShares Silver Trust (SLV) added 0.5%.
Consumer
Consumer Staples Select Sector SPDR (XLP) climbed 0.7%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were higher.
Consumer Discretionary Select Sector SPDR (XLY) was down 0.5%; retail fund VanEck Vectors Retail ETF (RTH) was flat and SPDR S&P Retail (XRT) was marginally higher.
Health Care
Health Care Select Sector SPDR (XLV) was 0.2% higher; iShares US Healthcare (IYH) was fractionally lower and Vanguard Health Care ETF (VHT) was rising. iShares NASDAQ Biotechnology ETF (IBB) rose 0.3%.
Industrial
Select Sector SPDR-Industrial (XLI) was marginally higher. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were mixed with the latter trading higher.
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DJN_DN20240826005545_20240826005545:0 | SPX | S&P 500 Falls 8.84 Points (0.16%) | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-26T16:45:00+00:00 | https://www.tradingview.com/news/DJN_DN20240826005545_20240826005545:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}] | /news/DJN_DN20240826005545_20240826005545:0/ | EN | null | null | indices | null | null | null |
te_news:426307:0 | SPX | US Stocks Volatile, Dow Hit Record | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-26T16:39:16+00:00 | https://www.tradingview.com/news/te_news:426307:0-us-stocks-volatile-dow-hit-record/ | null | [{'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426307:0-us-stocks-volatile-dow-hit-record/ | EN | The Dow Jones hit a record high on Monday, recovering from early August losses as traders anticipated Federal Reserve rate cuts.However, the index later fluctuated around the flatline after rising over 200 points.Meanwhile, the S&P 500 dropped 0.4%, and the Nasdaq fell 1% as investors seemed to shi… | The Dow Jones hit a record high on Monday, recovering from early August losses as traders anticipated Federal Reserve rate cuts.
However, the index later fluctuated around the flatline after rising over 200 points.
Meanwhile, the S&P 500 dropped 0.4%, and the Nasdaq fell 1% as investors seemed to shift from tech stocks to other sectors.
The energy sector of the S&P 500 gained over 1%, while tech stocks declined by 1.5%.
Nvidia's stock dropped by about 1.5% despite initial gains, ahead of its earnings report on Wednesday.
Investors are also eyeing earnings reports from Dell, Salesforce, Dollar General, and Gap, as well as Friday's July Personal Consumption Expenditure data.
Meanwhile, data showed durable goods orders jumped 9.9% in July, easily reversing June's 6.9% decline.
| indices | null | null | null |
tag:reuters.com,2024:newsml_L1N3KD0LV:0 | SPX | BUZZ - S&P 500 sector performance at 12:01 p.m. EDT | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-26T16:01:10+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KD0LV:0-buzz-s-p-500-sector-performance-at-12-01-p-m-edt/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SP:S5INFT', 'base_logoid': 'sector/information-technology'}, {'symbol': 'SP:S5UTIL', 'base_logoid': 'sector/utilities'}, {'symbol': 'SP:S5COND', 'base_logoid': 'sector/consumer-discretionary'}, {'symbol': 'SP:S5MATR', 'base_logoid': 'sector/materials'}, {'symbol': 'SP:S5INDU', 'base_logoid': 'sector/industrial'}, {'symbol': 'SP:S5TELS', 'base_logoid': 'sector/communication-services'}, {'symbol': 'SP:SPF', 'base_logoid': 'sector/financial'}, {'symbol': 'SP:S5REAS', 'base_logoid': 'sector/real-estate'}, {'symbol': 'SP:S5HLTH', 'base_logoid': 'sector/health-care'}, {'symbol': 'SP:S5CONS', 'base_logoid': 'sector/consumer-staples'}, {'symbol': 'SP:SPN', 'base_logoid': 'sector/energy'}] | /news/reuters.com,2024:newsml_L1N3KD0LV:0-buzz-s-p-500-sector-performance-at-12-01-p-m-edt/ | EN | A summary of S&P 500 sector performance at 12:01 p.m. EDT | A summary of S&P 500 sector performance at 12:01 p.m. EDT
Index RIC
Index name
Percent change %
SP:SPX
S&P 500
-0.44
SP:S5INFT
S&P 500 Information Technology
-1.37
SP:S5UTIL
S&P 500 Utilities
0.63
SP:S5COND
S&P 500 Consumer Discretionary
-0.77
SP:S5MATR
S&P 500 Materials
0.35
SP:S5INDU
S&P 500 Industrials
-0.3
SP:S5TELS
S&P 500 Communication Services (Sector)
-0.27
SP:SPF
S&P 500 Financials
0.31
SP:S5REAS
S&P 500 Real Estate
0.04
SP:S5HLTH
S&P 500 Health Care
-0.03
SP:S5CONS
S&P 500 Consumer Staples
0.56
SP:SPN
S&P 500 Energy
0.69
| indices | null | null | null |
tag:reuters.com,2024:newsml_L1N3KD0IF:0 | SPX | Durable goods: Transportation saves the day, core capital orders disappoint | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-26T15:22:09+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KD0IF:0-durable-goods-transportation-saves-the-day-core-capital-orders-disappoint/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'EURONEXT:PX1', 'base_logoid': 'indices/cac-40'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'TVC:SXXP', 'base_logoid': 'indices/stoxx-600'}, {'symbol': 'TVC:SX5E', 'base_logoid': 'indices/euro-stoxx-50'}, {'symbol': 'XETR:DB1', 'base_logoid': 'deutsche-boerse-na-o-n'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}] | /news/reuters.com,2024:newsml_L1N3KD0IF:0-durable-goods-transportation-saves-the-day-core-capital-orders-disappoint/ | EN | DURABLE GOODS: TRANSPORTATION SAVES THE DAY, CORE CAPITAL ORDERS DISAPPOINTNew orders for long-lasting, U.S.-made goods (USDGN=ECI) surged by 9.9% last month, marking a solid rebound from June's 6.9% decline and breezing past the 5.7% consensus.There was little market reaction to the data. Digging… | DURABLE GOODS: TRANSPORTATION SAVES THE DAY, CORE CAPITAL ORDERS DISAPPOINT
New orders for long-lasting, U.S.-made goods (USDGN=ECI) surged by 9.9% last month, marking a solid rebound from June's 6.9% decline and breezing past the 5.7% consensus.
There was little market reaction to the data.
Digging deeper into the Commerce Department's report, which includes everything from air fryers to attack drones, a 34.8% increase in transportation items and a 41.9% upswing in nondefense capital goods helped the top line beat expectations, while a 2.6% drop in motor vehicles/parts limited the upside.
Excluding transportation items, new orders actually dipped 0.2%, while omitting defence goods, orders jumped 10.4%.
Outpointing that this was the largest monthly top line percentage increase in four years, Bernard Yaros, U.S. lead economist at Oxford Economics calls out transportation as the driver.
"Boeing, for example, registered 72 gross orders in July, up from 14 in the prior month," Yaros writes.
Core capital goods, which strips away aircraft and defence merchandise - and is widely considered a barometer of U.S. corporate spending plans - unexpectedly dipped 0.1%, following a downwardly revised 0.5% gain the month prior.
"Our real-time tracker of Q3 equipment investment suggests that growth will come in at roughly half" that of the second quarter, Yaros adds.
But he also sees clearer skies ahead.
"Interest-rate cuts by the Federal Reserve, growth in the digital economy, and the past boom in manufacturing construction all support our baseline forecast for solid growth in this category of business investment," Yaros says.
(Stephen Culp)
*****
MONDAY'S EARLIER LIVE MARKETS POSTS
WALL STREET STARTS MIXED AS S&P 500 FLIRTS WITH RECORD CLOSING HIGH - CLICK HERE
JOBS DATA TO DETERMINE SIZE OF SEPTEMBER FED CUT - CLICK HERE
SOFT LANDING MEANS SOFT DOLLAR? NOT SO FAST - CLICK HERE
PRETTY QUIET IN MARKETS - CLICK HERE
THE EUROPEAN STOCKS BULLS MUST BE IN BRITAIN - CLICK HERE
MARKETS REASSURED BY THE POWELL PUT - CLICK HERE
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te_news:426297:0 | SPX | Dow Hits Fresh Record Levels | trading-economics | https://www.tradingview.com/news/providers/trading-economics/ | 2024-08-26T14:57:05+00:00 | https://www.tradingview.com/news/te_news:426297:0-dow-hits-fresh-record-levels/ | null | [{'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'SEED_SMAYXOR_GEX:SPX', 'logoid': '', 'base_logoid': ''}, {'symbol': 'SEED_SZILKA88_TANUKI:SPX', 'logoid': '', 'base_logoid': ''}] | /news/te_news:426297:0-dow-hits-fresh-record-levels/ | EN | The Dow Jones hit a record high on Monday, recovering from early August losses as traders anticipated upcoming Federal Reserve rate cuts.Stocks like Dow, Caterpillar, American Express, Chevron, 3M, and Travelers each rose over 1%, driving the Dow's gains.Investors appeared to rotate out of tech sto… | The Dow Jones hit a record high on Monday, recovering from early August losses as traders anticipated upcoming Federal Reserve rate cuts.
Stocks like Dow, Caterpillar, American Express, Chevron, 3M, and Travelers each rose over 1%, driving the Dow's gains.
Investors appeared to rotate out of tech stocks, with the S&P 500 energy sector rising over 1% while tech stocks fell 1.5%.
Nvidia's stock dropped more than 2% despite initial gains, ahead of its earnings report on Wednesday.
Investors are also eyeing earnings reports from Dell, Salesforce, Dollar General, and Gap, as well as Friday's July Personal Consumption Expenditure data.
Meanwhile, data showed durable goods orders jumped 9.9% in July, easily reversing June's 6.9% decline.
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macenews:b673fc48d094b:0 | SPX | US DALLAS FED MANUFACTURING NEW ORDERS INDEX -4.2 IN AUGUST VS. -12.8 IN JULY | macenews | https://www.tradingview.com/news/providers/macenews/ | 2024-08-26T14:33:00+00:00 | https://www.tradingview.com/news/macenews:b673fc48d094b:0-us-dallas-fed-manufacturing-new-orders-index-4-2-in-august-vs-12-8-in-july/ | null | [{'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:SX5E', 'base_logoid': 'indices/euro-stoxx-50'}, {'symbol': 'FX:EURUSD', 'logoid': 'country/US', 'base_logoid': 'country/EU'}, {'symbol': 'ICEUS:DXY', 'base_logoid': 'indices/u-s-dollar-index'}, {'symbol': 'CBOE:VXTYS', 'logoid': '', 'base_logoid': ''}, {'symbol': 'CBOE:VIX', 'base_logoid': 'indices/volatility-s-and-p-500'}, {'symbol': 'CBOE:TYVIX1', 'logoid': '', 'base_logoid': ''}, {'symbol': 'ECONOMICS:USGDP', 'base_logoid': 'country/US'}, {'symbol': 'NASDAQ:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'CBOE:VXVOL', 'logoid': '', 'base_logoid': ''}, {'symbol': 'CBOE:DJX', 'logoid': '', 'base_logoid': ''}] | /news/macenews:b673fc48d094b:0-us-dallas-fed-manufacturing-new-orders-index-4-2-in-august-vs-12-8-in-july/ | EN | null | null | indices | null | null | null |
tag:reuters.com,2024:newsml_L4N3KD0VM:0 | SPX | Dow, S&P 500 edge up as rate-cut bets firm; energy stocks rise | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-26T14:30:30+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KD0VM:0-dow-s-p-500-edge-up-as-rate-cut-bets-firm-energy-stocks-rise/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'SP:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'TVC:RUT', 'base_logoid': 'indices/russell-2000'}, {'symbol': 'DJ:DJI', 'base_logoid': 'indices/dow-30'}, {'symbol': 'TVC:IXIC', 'base_logoid': 'indices/nasdaq-composite'}, {'symbol': 'SP:SPN', 'base_logoid': 'sector/energy'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AAPL', 'base_logoid': 'apple'}, {'symbol': 'NYSE:DELL', 'base_logoid': 'dell'}, {'symbol': 'NYSE:CRM', 'base_logoid': 'salesforce'}, {'symbol': 'NYSE:DG', 'base_logoid': 'dollar-general'}, {'symbol': 'NYSE:GAP', 'logoid': '', 'base_logoid': ''}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NYSE:BA', 'base_logoid': 'boeing'}, {'symbol': 'CBOT_MINI:YM1!', 'base_logoid': 'indices/dow-30'}, {'symbol': 'CME_MINI:ES1!', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'CME_MINI:NQ1!', 'base_logoid': 'indices/nasdaq-100'}] | /news/reuters.com,2024:newsml_L4N3KD0VM:0-dow-s-p-500-edge-up-as-rate-cut-bets-firm-energy-stocks-rise/ | EN | The Dow and the S&P 500 inched up in choppy trading on Monday as markets cemented bets on an imminent rate cut by the Federal Reserve and awaited Nvidia results later in the week, while energy stocks were boosted after crude oil prices jumped. The blue-chip index led gains among peers and hit an… | The Dow and the S&P 500 inched up in choppy trading on Monday as markets cemented bets on an imminent rate cut by the Federal Reserve and awaited Nvidia results later in the week, while energy stocks were boosted after crude oil prices jumped.
The blue-chip index led gains among peers and hit an intraday record high as markets welcomed U.S. Federal Reserve Chair Jerome Powell's comments on Friday, when he said "the time has come" to lower borrowing costs in the light of diminishing upside risk to inflation and moderating labor demand.
The main indexes rallied more than 1% in the previous session, with the benchmark S&P 500 SP:SPX also nearing record highs. Rate-sensitive small caps TVC:RUT logged their strongest day in six week as equities continued to pare losses from the market rout in early August.
Odds of a 25-basis-point rate cut stand at 69.5%, while those of a 50-bps cut are at 30.5%, according to the CME Group's FedWatch tool.
"The name of the game is the Fed. They did what the markets anticipated, so that's good news that they're going to start the easing cycle," said Thomas Hayes, chairman at Great Hill Capital LLC.
Attention will turn to the gross domestic product estimates for the second quarter and July's Personal Consumption Expenditure data, the central bank's preferred inflation gauge, due later in the week.
At 9:58 a.m. ET, the Dow Jones Industrial Average DJ:DJI was up 171.49 points, or 0.42%, at 41,346.57, the S&P 500 SP:SPX was up 6.01 points, or 0.11%, at 5,640.62, and the Nasdaq Composite TVC:IXIC was down 36.60 points, or 0.20%, at 17,841.20.
A majority of the S&P 500 sectors advanced, led by a 1.7% rise in Energy SP:SPN stocks, which hit a one-week high as crude prices jumped nearly 3%. Reports of production stoppages in Libya piled on to fears of supply disruptions from the Middle East as the geopolitical conflict continued.
As earnings season draws to a close, chip designer and AI-favorite Nvidia NASDAQ:NVDA, whose results are scheduled on Wednesday, traded up 0.4%.
Markets have been less forgiving this quarter of highly valued megacap stocks, which spearheaded the excitement around artificial intelligence.
They will scrutinize Nvidia's earnings to justify the stock's more than 160% year-to-date jump, which pushed its market cap value to No. 2, just below that of Apple NASDAQ:AAPL, as of Friday's close.
"The two concerns and risks are going to be their (Nvidia's) gross margins... and their guidance," Hayes said.
Results from Dell NYSE:DELL, Salesforce NYSE:CRM, Dollar General NYSE:DG and Gap NYSE:GAP are expected through the week.
Limiting gains on the tech-heavy Nasdaq, U.S.-listed shares of PDD Holdings NASDAQ:PDD sank 26.8% after the Temu-owner missed market expectations for second-quarter revenue.
Boeing NYSE:BA slipped 0.40% after NASA picked SpaceX over the planemaker's Starliner to return its astronauts from space next year.
Advancing issues outnumbered decliners by a 3.28-to-1 ratio on the NYSE, and by a 1.64-to-1 ratio on the Nasdaq.
The S&P index recorded 78 new 52-week highs and no new lows, while the Nasdaq recorded 108 new highs and 10 new lows.
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benzinga:db8cdb34c094b:0 | QQQ | Stock Market To See 'Choppy, Erratic, Volatile Moves' In Short Term, Warns Expert, As Jerome Powell Signals September Rate Cuts | benzinga | https://benzinga.com/ | 2024-08-26T14:04:02+00:00 | https://www.tradingview.com/news/benzinga:db8cdb34c094b:0-stock-market-to-see-choppy-erratic-volatile-moves-in-short-term-warns-expert-as-jerome-powell-signals-september-rate-cuts/ | null | [{'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}] | /news/benzinga:db8cdb34c094b:0-stock-market-to-see-choppy-erratic-volatile-moves-in-short-term-warns-expert-as-jerome-powell-signals-september-rate-cuts/ | EN | The U.S. stock market is preparing for a period of volatility as the Federal Reserve signals an imminent reduction in interest rates. Investors are keenly watching upcoming economic data to gauge the feasibility of the “soft landing” scenario that has supported U.S. stocks throughout the year.What… | The U.S. stock market is preparing for a period of volatility as the Federal Reserve signals an imminent reduction in interest rates. Investors are keenly watching upcoming economic data to gauge the feasibility of the “soft landing” scenario that has supported U.S. stocks throughout the year.
What Happened: Federal Reserve Chair Jerome Powell announced last Friday that it’s time to start lowering interest rates. The rate-cutting process is likely to begin next month with a 25 basis-point cut at the Fed’s monetary policy meeting on Sep. 17-18.
Despite the S&P 500 gaining 18% this year, market participants are seeking continued evidence of the economy’s smooth transition to a soft landing, where growth remains strong while inflation cools, Reuters reported on Monday.
However, if the Fed’s message indicates concern about the economy, the excitement about the cutting cycle may need to be reassessed. Historically, stocks have performed better when rate cuts occur against a backdrop of resilient growth rather than during a sharp economic downturn.
See Also:
Andre Bakhos, managing member at Ingenium Analytics LLC, said, “The longer-term trends in stocks are rock-solid and any weakness is an opportunity to add exposure.” However, he warned of potential short-term volatility, stating, “we’re going to get ... choppy, erratic, volatile moves because no one really knows what happens now that he (Powell) has shown his hand.”
Why It Matters: The Federal Reserve’s shift from a hawkish tone to has been prompted by a string of weak data and continued improvement in pricing pressure. However, historical data suggests that the market may not fare well in the months following a rate cut.
Furthermore, Drew Matus, MetLife Investment Management's chief market strategist, to separate the Fed's actions from the stock market. He argued that the Fed's decisions should not be influenced by the unemployment rate exceeding 4%, or by the easing of financial conditions.
Price Action: On Monday, at the time of writing, SPDR S&P 500 ETF Trust AMEX:SPY was trading 0.17% higher while Invesco QQQ Trust, Series 1 NASDAQ:QQQ was down by 0.26%, according to Benzinga Pro.
Read Next:
Economy Worse Than You Think, Says The Cow Guy: ‘Government Spending Hand Over Fist’ Has Prevented RecessImage via Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
| funds | null | null | null |
cryptonews:fdaca1639094b:0 | BTCUSDT | Meme Coin News: SunPump Surpasses 3M in Volume, TRON-Based SunDog Listed on Bybit | cryptonews | https://cryptonews.com | 2024-08-26T13:20:47+00:00 | https://www.tradingview.com/news/cryptonews:fdaca1639094b:0-meme-coin-news-sunpump-surpasses-3m-in-volume-tron-based-sundog-listed-on-bybit/ | null | [{'symbol': 'OANDA:LTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCLTC'}, {'symbol': 'BITSTAMP:ETHEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:XLMUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXLM'}, {'symbol': 'BITSTAMP:BTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITFINEX:EOSUST', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCEOS'}, {'symbol': 'BITSTAMP:LTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCLTC'}, {'symbol': 'OANDA:ETHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'BITSTAMP:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}, {'symbol': 'OANDA:BCHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBCH'}, {'symbol': 'BITSTAMP:USDTUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCUSDT'}, {'symbol': 'BITSTAMP:BCHEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBCH'}, {'symbol': 'BITSTAMP:XLMEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCXLM'}] | /news/cryptonews:fdaca1639094b:0-meme-coin-news-sunpump-surpasses-3m-in-volume-tron-based-sundog-listed-on-bybit/ | EN | Get your weekly, bite-sized digest of meme coin news.This week read about:· Meme Coin News: Market Highlights· Justin Sun’s SunPump Surpasses 3M in Volume, TRON-Based SunDog Listed on Bybit · DOGE Takes Throne and SHIB 2nd Place in SNS Community Activity· McDonald’s Instagram Account Hacked to Prom… | Get your weekly, bite-sized digest of meme coin news.
This week read about:
· Meme Coin News: Market Highlights
· Justin Sun’s SunPump Surpasses 3M in Volume, TRON-Based SunDog Listed on Bybit
· DOGE Takes Throne and SHIB 2nd Place in SNS Community Activity
· McDonald’s Instagram Account Hacked to Promote Grimace Meme Coin
__________Meme Coin News: Market Highlights
The meme coin market is having a mixed day. While the total capitalization is down, many coins’ prices are up nonetheless.
Also, the market’s capitalization fell just below 3% over the past 24 hours, currently standing at $45.5 billion.
The two best performers today are lesser-known dog-themed coins.
Resistance Dog (REDO) is up 154% to the price of $0.7032, while Wrapped DOG (WDOG) saw a 76% rise to $0.01915.
While Fwog (FWOG) appreciated 57%, the rest of the green list is up 29% and less.
On the other side is Neiro on ETH (NEIRO) with a 10.4% drop to $0.1212. It’s the only coin in this category with a double-digit fall.
The second-placed Habibi (Sol) (HABIBI) is down 9.8%, trading at $0.02137.
Zooming into the top 10 meme coins per market cap, we find that only three are down.https://cryptonews.com/coins/meme-coins/
Baby Doge Coin (BABYDOGE) fell the most in this category: 1.85% to $0.000000001128.
It’s followed by Memecoin (MEME)’s 1.2% fall and Dogwifhat (WIF)’s 0.6% fall.
Only one coin saw its price rise above 1%. Floki Inu (FLOKI) appreciated 6.3%, now trading at $0.00015.
The second-placed Pepe (PEPE)’s price increased by 0.99%, changing hands at $0.00001.
Top two coins Dogecoin (DOGE) and Shiba Inu (SHIB) have seen rises of 0.35% and 0.5% to $0.10934 and $0.00001, respectively.Justin Sun’s SunPump Surpasses 3M in Volume, TRON-Based SunDog Listed on Bybit
The team behind the TRON-based SunDog has announced that the coin has been on the crypto exchange .
“The contract is now available for trades via Futures bots, such as Futures Grid, Futures Martingale, and Futures Combo,” the exchange .
SunPump also tweeted the news.Source: SunPump
On August 13, SUN.io, a DeFi platform on Tron, launched SunPump Beta, meant to stand as a rival to the popular Solana-based pump.fun.
It’s a platform that allows users to create meme coins on the Tron blockchain without coding.
Less than two weeks after its launch, the platform has recorded TRX 18,473,530, or $3.1 million.
It has also seen 45,912 tokens created.
Its best day so far was August 21, with 7,531 tokens created and 3.66 million TRX in volume.Source: dune.com/hashed_official/sunpumpmemeDOGE Takes Throne and SHIB 2nd Place in SNS Community Activity
The number one meme coin per market cap, Dogecoin, is leading the meme list in another metric as well: the activity of the DOGE community on social media platforms.
Lucie, the Shiba Inu (SHIB) marketing lead, shared a post on Friday showing the top 10 coins per social activity.
The first place is taken by the popular DOGE, seeing a 4.2% social dominance.
It recorded 6.63 million engagements and actions across social media platforms (likes, comments, retweets, and upvotes).
Additionally, DOGE saw 21,600 posts across social channels.
🥰❤️ back to second place — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB)
SHIB took the second spot with 3.95% in social dominance.
It also saw 3.76 million interactions and 20,300 posts.
PEPE is in third place in terms of social dominance, but the fourth-placed WIF has surpassed it in terms of the number of interactions.
The top 10 list also includes BONK and FLOKI, both of which have market dominance percentages above 1, as well as TURBO, MUMU, MOG, and PORK, with percentages below 1.
This is the mood:Ready to show off! 😂 — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) McDonald’s Instagram Account Hacked to Promote Grimace Meme Coin
On Wednesday, an individual or a group hacked the McDonald’s official Instagram account to push a Solana-based Grimace meme coin.
Grimace is one of McDonald’s own characters, an inhabitant of the fast-food giant’s fantasy world McDonaldland.
The coin, however, is not associated with the brand.
The hackers edited McDonald’s account profile to read: “Sorry mah [racial slur] you have just been rug pulled by India_X_Kr3w thank you for the $700,000 in Solana.”
They went on to promote the coin as well.
Notably, the Twitter account of Guillaume Huin, the marketing director of McDonald’s, also posted about the meme coin.
McDonald's official Instagram account was suspected to have been hacked, claiming that it had issued the Meme token "GRIMACE" on Solana. The market value of GRIMACE rose to $25 million within 30m and then fell rapidly. Guillaume Huin, the marketing director of McDonald's, also… — Wu Blockchain (@WuBlockchain)
McDonald’s team said they were “aware of an isolated incident that impacted our social media accounts.”
“We have resolved the issue on those accounts and apologize to our fans for any offensive language posted during that time,” McDonald’s said, to the New York Post.
All IG and Twitter posts were soon deleted, but some remains of the hack reportedly stuck around for several more hours.
hahaha TelegramMcDonald’s Instagram hacked account recovered but still has this Telegram link. — Dominic Alvieri (@AlvieriD)
The coin’s market value spiked substantially but briefly on Wednesday. It quickly fell back down.
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newsbtc:850de6a1a094b:0 | BTCUSDT | XRP Set To Explode? Top Analyst Predicts $33 Rally | newsbtc | https://www.newsbtc.com | 2024-08-26T13:00:23+00:00 | https://www.tradingview.com/news/newsbtc:850de6a1a094b:0-xrp-set-to-explode-top-analyst-predicts-33-rally/ | null | [{'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}] | /news/newsbtc:850de6a1a094b:0-xrp-set-to-explode-top-analyst-predicts-33-rally/ | EN | It’s a surprising performance for XRP in the crypto market today, alone spiking over 7% during the weekend rally led by Bitcoin’s attempt to breach the $65,000 mark.XRP made a high of $0.6304 but closed a bit lower at $0.6131. Even the slightest drop in this asset seemed to not deter its upward mom… | It’s a surprising performance for XRP in the crypto market today, alone spiking over 7% during the weekend rally led by Bitcoin’s attempt to breach the $65,000 mark.
XRP made a high of $0.6304 but closed a bit lower at $0.6131. Even the slightest drop in this asset seemed to not deter its upward momentum, which continues to gain much attention.
Analysts are highly positive about the future of the altcoin, estimating a price increase of 25% in the next three months. The top analyst, Bobby A, believes that the value of XRP could go as high as $33. The reason for this projection by experts includes such technical bullish signs and strong momentum in the market.
According to Bobby A, the formation of this breakout pattern on the monthly chart may be what XRP needs to drive a substantial price surge once it finally breaks above current resistance levels.
An explosive charge ready to go high order.
His initial target is $0.8722, which was a 45% increase from its current price of $0.6014. Achieving this target would confirm a transition from a long-term bearish trend into a bullish one, setting the stage for further gains.
This far-reaching milestone would not stop Bobby A from surmising that the cryptocurrency will surely aim for higher targets, including $1.34 and $1.72, once it picks up momentum.
Short-Term And Medium-Term Outlook
Projections for Bobby A go beyond the short term. After the coin has broken above $0.8722, it is projected to gun for targets of $1.34 and $1.72, respectively. These are both key resistance areas that XRP has to break for it to establish a new bullish trend.
The path to these targets is not going to be smooth, though. Several resistance levels, all the way up to the previous all-time high above $3, were identified that XRP will have to break before ever reaching those targets.
To add to the positive view, another crypto analyst with the alias DustyBC pointed out that XRP was forming a symmetrical triangle in its chart. A consolidation pattern would slope the upper trendline downwards and the lower trendline upwards.
According to DustyBC, if XRP manages to break out of this symmetrical triangle above the upper trendline, it could be interpreted to mean that the price is due for a major surge. This breakout might be needed to drive XRP up higher.
XRP Long-Term Projections
Looking forward further, the prospects of XRP are still decent in the long run. In another three months, it could appreciate by 24.97%, as CoinCheckup projects, driven by technical indicators that reflect strong momentum.
Its six-month forecast is simply explosive, provided that it stays consistent at 160% growth, reflecting robust bullish sentiment among traders.
The one-year projection comes in at almost double, at 99%. These long-term projections set the stage for possible large upward movements of XRP. When considering the long-term gains, it looks like XRP will be one of the most promising investments with large potential growth.
The recent performance and analysis by key experts do present promising prospects for XRP. Forecasting bullish and indicating enormous potential gains with technical indicators, XRP is bound to make some notable advances over the coming months. Key resistance levels will be important to monitor, with preparation in place for potential breakouts as XRP makes its strides in the dynamic crypto market.
Featured image from Pexels, chart from TradingView
| crypto | null | null | null |
benzinga:eb70e352a094b:0 | QQQ | Nasdaq, S&P 500 Futures Climb As Hopes Of Positive Nvidia Earnings And Rate Cuts Drive Sentiment Higher: Fund Manager Says Flurry Of Catalysts Could Keep Rally's Momentum Going | benzinga | https://benzinga.com/ | 2024-08-26T10:47:29+00:00 | https://www.tradingview.com/news/benzinga:eb70e352a094b:0-nasdaq-s-p-500-futures-climb-as-hopes-of-positive-nvidia-earnings-and-rate-cuts-drive-sentiment-higher-fund-manager-says-flurry-of-catalysts-could-keep-rally-s-momentum-going/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'NYSE:XPEV', 'base_logoid': 'xpeng'}, {'symbol': 'NASDAQ:PDD', 'base_logoid': 'pinduoduo'}, {'symbol': 'NYSE:HEI', 'base_logoid': 'heico'}] | /news/benzinga:eb70e352a094b:0-nasdaq-s-p-500-futures-climb-as-hopes-of-positive-nvidia-earnings-and-rate-cuts-drive-sentiment-higher-fund-manager-says-flurry-of-catalysts-could-keep-rally-s-momentum-going/ | EN | U.S. stocks could continue to push higher as traders factor in a boost from Nvidia Corp.’s NASDAQ:NVDA quarterly results. The index futures were modestly higher in early trading. The durable goods orders report that is scheduled to be released ahead of the market could be sifted by traders to confi… | U.S. stocks could continue to push higher as traders factor in a boost from Nvidia Corp.’s NASDAQ:NVDA The index futures were modestly higher in early trading. The durable goods orders report that is scheduled to be released ahead of the market could be sifted by traders to confirm their hopes for a soft landing. They might also look forward to a speech by a Fed official later in the day.
A key inflation measure that the Federal Reserve considers to be important is imminent, and traders may choose to remain cautious ahead of the data. Despite Nvidia’s strong gains, the FOMO fear could drive traders toward the stock as they seek to partake in the potential post-earnings gain.
FuturesPerformance (+/-)Nasdaq 100+0.21%S&P 500+0.16%Dow+0.04%R2K+0.61%In premarket trading on Monday, the SPDR S&P 500 ETF Trust AMEX:SPY climbed 0.20% to $563.25, and the Invesco QQQ ETF NASDAQ:QQQ gained 0.25% to $481.21, according to Benzinga Pro data.
Cues From Last Week:
Wall Street extended its winning run to two straight weeks, as weak economic data and dovish Fed comments that nearly cemented the fate of a September rate cut brought buyers into the market. That said, the market witnessed intermittent volatility, primarily a result of profit-taking following the recent strong gains.
Fed Chair Jerome Powell dispelled doubts that lingered among some quarters by stating at his Jackson Hole address that the central bank may be ready for rate cuts.
The S&P 500 and the Dow Industrials ended at their highest levels since mid-July and traded just shy of their all-time highs. Small-caps outperformed last week, with the Russell 2,000 Index posting a weekly gain of 3.59% and ending at its highest level in about three weeks.
IndexWeek’sPerformance (+/)ValueNasdaq Composite+1.40%17,877.79S&P 500 Index+1.45%5,634.61Dow Industrials+1.27%41,175.08Russell 2000+3.59%2,218.70Insights From Analysts:
Following Powell’s Jackson Hole address, fund manager Louis Navellier said, “It looks like we’re going to have at least three rate cuts this year, which will be on September 18th, on November 7th two days after the election, and on December 18th. “The Fed is going to get closer to market rates, and that is very positive,” he added.
The fund managers listed the following as key catalysts that could be supportive of further gains:
Nvidia’s earnings are due Wednesday, Aug. 28, with Navellier calling for phenomenal guidance from the companyThe price consumption expenditure reading of the personal income and spending report, due Aug. 30; the fund manager expects it to be highly favorable.Pre-holiday optimism ahead of Labor Day and some consolidation after the eventSept. 10 presidential debateSept. 15 quarterly tax filing deadline; Navellier attributed the recent market softness to people selling stocks to pay tax.Sept. 18 Fed rate cut and accompanying dovish statement as well as a new dot-plot which will likely show Fed officials’ forecast for rate cuts for the rest of the year and the nextCarson Group’s Ryan Detrick said on Friday, that the advancing volume outdid declining volume by 11 times on the New York Stock Exchange. This was the most since Oct. 17, 2022, the lows of the bear market, he said, adding that since 1979, there were 47 times when advancing volume was 10 times more than declining volume.
“Higher a [year] later 85% of time and up nearly 13% on [average],” Detrick said.
Friday saw nearly 11x amount of advancing volume to declining volume at NYSE.
Most since 10/17/22 – the lows of bear market.
I found 47 other times it was 10x (since '79 using data).
Higher a yr later 85% of time and up nearly 13% on avg.
This. Is. Not. Bearish
Upcoming Economic Data
The July personal income and spending report that also comprises the Fed’s favorite inflation gauge – the core rate of personal consumption expenditure, the weekly jobless claims report and a few Fed speeches are among the key Main Street catalysts due this week.
Traders may also keep an eye on the preliminary second-quarter GDP data, the July durables goods orders report, two separate consumer confidence readings and the results of a regional manufacturing survey. A handful of housing market data also are due for the week.
On Monday, the Commerce Department will release the durable goods orders report at 8:30 a.m. EDT. Economists, on average, expect durable goods orders growth of 4% month-over-month, reversing June’s 6.7% drop. Core durable goods orders, which strip off the volatile transportation orders, may have remained unchanged in July following a 0.4% increase in June.
The Treasury is set to auction three and six-month notes at 11:30 a.m. EDT.
San Francisco Fed President Mary Daly is scheduled to do a TV interview at 2 p.m. EDT.
See Also:
Stocks In Focus:
Nvidia rose about a percent in premarket trading ahead of the company’s results.XPeng, Inc. NYSE:XPEV jumped over 5% following the company’s CEO Xiaopeng He boosting his stake in the company.PDD Holdings Inc. NASDAQ:PDD, a holding company of Pinduoduo, is before the market opens, while HEICO Corporation NYSE:HEI will report after the close.Commodities, Bonds And Global Equity Markets:
Crude oil futures are advanced over 1%, with the WTI-grade crude oil trading above $75-a-barrel level, and gold futures rose modestly. Bitcoin eased and yet traded firmly above the $63.5K level. The yield on the 10-year Treasury note fell 2.3 basis points to 3.784%.
Most Asian markets advanced on Monday, as Wall Street’s stellar performance last week amid rate-cut hopes catalyzed a rally in the region. The Japanese market pulled back, dragged by the yen’s strength. South Korea’s Kospi also ended lower for the day.
European stocks showed tentativeness in early trading.
Read Next:
Fed Is All But Decided On September Rate Cut: Here’s Why It May Not Provide The Lift Wall Street Is Betting OnImage Via Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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coindeskjapan:5af8f17408457:0 | BTCUSDT | エヌビディアの決算発表を控え、AIトークンが市場をリード──ビットコインは6万4000ドルを割る | coindeskjapan | https://www.coindeskjapan.com/ | 2024-08-26T09:40:00+00:00 | https://ja.tradingview.com/news/coindeskjapan:5af8f17408457:0/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BINANCE:ETHUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'BINANCE:SOLUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCSOL'}, {'symbol': 'BINANCE:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}] | /news/coindeskjapan:5af8f17408457:0/ | JA | ビットコインBINANCE:BTCUSDは、ジャクソンホール講演での好意的なコメントを受けて8月23日に5％上昇した後、26日のアジア取引時間には6万4000ドル台を割り込んだ。アメリカ連邦準備制度理事会（FRB）のジェローム・パウエル（Jerome Powell）議長は23日に、金融緩和サイクルは来月から始まると述べた。主要トークンは24日まで急騰したが、過去24時間ではわずかな損失を記録した。イーサリアムBINANCE:ETHUSDは2700ドル強で取引され、ソラナBINANCE:SOLUSDとエックス・アール・ピーBINANCE:XRPUSDはそれぞれ158ドルと58セントで取引されて… |
ETH、SOL、XRPなどの主要暗号資産は、週末に全般的に上昇したものの、過去24時間ではわずかに損失を示した。人工スーパーインテリジェンス・アライアンスのFETやビットテンソルのTAOのようなAI関連トークンは、エヌビディアの決算報告を前に、それぞれ8.8%と4.7%上昇し、市場の上昇を牽引した。CoinDesk20指数が追跡する広範な暗号資産市場は、利下げと経済の安定化による継続的な市場改善への期待から、横ばいで推移した。ビットコインBINANCE:BTCUSDは、ジャクソンホール講演での好意的なコメントを受けて8月23日に5％上昇した後、26日のアジア取引時間には6万4000ドル台を割り込んだ。
アメリカ連邦準備制度理事会（FRB）のジェローム・パウエル（Jerome Powell）議長は23日に、金融緩和サイクルは来月から始まると述べた。
主要トークンは24日まで急騰したが、過去24時間ではわずかな損失を記録した。イーサリアムBINANCE:ETHUSDは2700ドル強で取引され、ソラナBINANCE:SOLUSDとエックス・アール・ピーBINANCE:XRPUSDはそれぞれ158ドルと58セントで取引されていた。一方、トロン（TRX）は、現在進行中のミームコインの熱狂がトークンへの需要を増やし続けているため、3%急騰した。
時価総額が大きいトークンによる広範な暗号資産市場の動きを示すCoinDesk20指数（CD20）は0.44％下落した。
トレーダーは、現在の上昇が今後数カ月続くと予想していると述べている。
「インフレは今や多かれ少なかれ制御されているため、市場の焦点は労働市場と、FRBがアメリカ経済のソフトランディングに成功するかどうかに移るだろう」と、Metalphaのシニアアナリスト、ルーシー・フー（Lucy Hu）氏は26日、テレグラムのメッセージでCoinDeskに語った。「経済が安定する一方で利下げが行われ、トランプ氏が当選すれば暗号資産に優しい政策が実施される可能性があるため、今後数カ月は市場心理が改善し続けると予想している」。
エヌビディアの決算を前にAIトークンが急騰
アジアのトレーダーが人工スーパーインテリジェンス・アライアンス（Artificial Superintelligence Alliance）のトークンであるFETやビットテンソルのTAOに資金を投入したため、人工知能（AI）トークンが26日の市場をリードした。AIトークンへの動きは、28日に予定されているエヌビディア（Nvidia）の決算報告を期待してのものだ。
FETはアジア時間午後に8.8%上昇しており、TAOは4.7%上昇している。
エヌビディアは歴史的に、成長するAIトークンの先駆けであり、トークンはその決算を期待して上昇している。
ファクトセット（Factset）が調査したアナリストは、今四半期の1株当たり利益が前年比141％増の65セント、売上高が113％増の287億2000万ドルに達すると予想し、超大型イベントになると予想している。
これはエヌビディアにとって5四半期連続の3桁成長で、FRBが9月に利下げを実施する可能性が高いことから、ハイテク分野は年内いっぱいは好調に推移すると予想されている。
｜翻訳：CoinDesk JAPAN
｜編集：井上俊彦
｜画像：Shutterstock
｜原文：AI Tokens Lead Crypto Market Ahead of Nvidia Earnings, Bitcoin Under $64K
| crypto | null | null | null |
cointelegraph:2c76324f1094b:0 | BTCUSDT | BTC price dip gone by September? 5 things to know in Bitcoin this week | cointelegraph | https://cointelegraph.com | 2024-08-26T08:48:52+00:00 | https://www.tradingview.com/news/cointelegraph:2c76324f1094b:0-btc-price-dip-gone-by-september-5-things-to-know-in-bitcoin-this-week/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cointelegraph:2c76324f1094b:0-btc-price-dip-gone-by-september-5-things-to-know-in-bitcoin-this-week/ | EN | Bitcoin heads into the August monthly close with a welcome recovery as BTC price action targets $65,000.The largest cryptocurrency has delivered a remarkable show of strength over the past week, and traders hope the good times will continue.A sideways weekend aside, Bitcoin BINANCE:BTCUSD is cement… | Bitcoin heads into the August monthly close with a welcome recovery as BTC price action targets $65,000.
The largest cryptocurrency has delivered a remarkable show of strength over the past week, and traders hope the good times will continue.
A sideways weekend aside, Bitcoin BINANCE:BTCUSD is cementing its gains and is now up an impressive 40% from the month’s $45,500 lows.
Thus, the coming monthly candle close should provide an interesting trading environment as anticipation grows over a breakout from a nearly half-year-long consolidation phase.
Can Bitcoin finally retackle all-time highs?
Month-to-date, BINANCE:BTCUSD is now almost back at its starting position, but plenty of volatility catalysts await.
Macroeconomic data will come thick and fast toward the end of the week, presenting a fresh test of nerve for the increasingly risk-averse Bitcoin short-term holder cohort.
Fundamentals, meanwhile, look good, with mining difficulty due a modest uptick in the coming days.
Sentiment is back in neutral territory, with the average crypto investor leaving their cold feet behind with impressive speed.
Cointelegraph takes a closer look at the state of play on Bitcoin ahead of a key week for the cryptocurrency that was battling calls for a fresh bear market just a fortnight ago.
Bitcoin monthly close in the spotlight
Bitcoin is firmly bouncing back after a harrowing start to August, but traders’ attention is now on the monthly close.
Such events constitute volatility triggers on their own, and while up 40% versus the month’s lows, BTC price action has much to contend with.
“Bitcoin Fought its way back to an almost break even August,” popular trader Daan Crypto Trades summarized on X alongside data from monitoring resource CoinGlass.
Order book liquidity insights nonetheless show formidable resistance lingering overhead, with spot BTC price separated from all-time highs by a wall of asks.
“Now let’s see if there’s also fuel to actually push higher for a change,” Daan Crypto Trades continued.
A further post acknowledged the unprecedented length of BTC price consolidation following its last all-time high in mid-March.
“Bitcoin It has been close to 6 months of ‘Consolidation’ at the previous cycle high,” he told followers.
“This is by far the longest time it took to break a previous all time high. It was also the quickest price has made a new all time high in a cycle (before the halving). It all balances out.”
Fellow trader Crypto Tony joined those calling for a solid reclaim of support to sustain further recovery moves.
Data from Cointelegraph Markets Pro and TradingView showed BINANCE:BTCUSD at the time of writing at around $63,700, having stayed flat throughout the weekend.
PCE week arrives mid countdown to Fed rate cut
The Fed’s “preferred” inflation metric forms one of the week’s macroeconomic data highlights as markets become more confident over financial policy easing.
The July print of the Personal Consumption Expenditures (PCE) index is due on Aug. 30, a day after US second-quarter gross domestic product data.
Both will follow a key earnings report from NVidia — an event that has become a yardstick for tech industry health this year.
Trading resource The Kobeissi Letter thus told X followers to “buckle up for a wild week ahead.”
“Nvidia earnings and PCE inflation in the same week make for great trading conditions,” it wrote.
PCE comes at a time when markets have baked in 100% odds of an interest rate cut in mid-September while also giving increasing credence to this cut being more than the minimum 0.25%.
The latest data from CME Group’s FedWatch Tool puts the odds of a 25-basis-point and 50-basis-point cut at 61.5% and 38.5%, respectively.
“Rate cuts are confirmed for Sep but there was no indication on how much, so August Payrolls will be critical,” trading firm QCP Capital wrote in an update to Telegram channel subscribers over the weekend.
“A 25bp cut is likely to be bullish, while a 50bp cut could indicate the Fed is taking acute action to prevent the economy from falling flat.”Mining difficulty set to resume uptrend
Bitcoin network fundamentals show signs of an about-turn after testing conditions over the past month.
The latest estimates from monitoring resources BTC.com and MiningPoolStats show the mining sector forging a path higher despite reports of a profitability squeeze.
Mining difficulty, which dropped by 4.2% at its last automated readjustment, is set to recover by 2.8% this week.
This will leave the metric inches from a new all-time high, canceling out the effects of the early-August BTC price slump below $50,000.
At the same time, raw hashrate readings suggest an uptrend still firmly in place for the processing power dedicated to mining, with a new all-time high spike recorded on Aug. 23. This totaled 774 exahashes per second, with known pools contributing 682 EH/s.
Earlier, Cointelegraph reported that despite miner sales tailing off in recent weeks, their overall impact on BTC price action has become dwarfed by institutional investment forces.
Short-term BTC holders distribute $10 billion in a week
Bitcoin’s short-term holders (STHs) have distributed coins to the market over the past week as prices recover.
Data from onchain analytics platform CryptoQuant shows that the week-on-week net position change for the STH cohort was more than $10 billion lower as of Aug. 25.
“This indicates an increase in selling by STH,” contributor Amr Taha wrote in one of the platform’s Quicktake blog posts, referencing a chart by fellow analyst Axel Adler Jr.
STH entities are those hodling a given amount of BTC for 155 days or less, and correspond to the more speculative end of the Bitcoin investor spectrum.
Recent BTC price volatility hit the cohort hard, with mass selling at a loss recorded into the six-month lows on BINANCE:BTCUSD.
Now, the STH aggregate cost basis is in focus as a potential line of support should a new price dip begin.
The combined STH cost basis currently stands at $63,600, per data uploaded to X by investment firm MS2 Capital.
Among the speculators, those hodling for up to a month have a lower cost basis of between $60,000 and $62,000.
Crypto launches higher from brink of “extreme fear”
Perhaps unsurprisingly, last week’s BTC price recovery had an instant effect on crypto market sentiment.
Related: MATIC, SUI, RENDER and TAO could soar if Bitcoin holds $64K
This is reflected in the Crypto Fear & Greed Index, which has more than doubled its readings in a matter of days — from 26 100 on Aug. 21 to 55 100 at the time of writing.
The sentiment shift to which that change corresponds suggests that the average crypto investor’s mindset has gone from the verge of “extreme fear” to knocking on “greed.”
The recovery is echoed by a CryptoQuant metric dedicated to Bitcoin futures market sentiment. This narrowly avoided a trip to “extreme fear” in August.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
| crypto | null | null | null |
cryptopotato:4320d7272094b:0 | BTCUSDT | BTC Price Stopped at $65K, FET and Other AI Tokens Skyrocket (Market Watch) | cryptopotato | https://cryptopotato.com | 2024-08-26T08:43:07+00:00 | https://www.tradingview.com/news/cryptopotato:4320d7272094b:0-btc-price-stopped-at-65k-fet-and-other-ai-tokens-skyrocket-market-watch/ | null | [{'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCGBP', 'logoid': 'country/GB', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cryptopotato:4320d7272094b:0-btc-price-stopped-at-65k-fet-and-other-ai-tokens-skyrocket-market-watch/ | EN | Bitcoin had a relatively quiet weekend but jumped to just over $65,000 on Monday morning when the bears stepped up and stopped any further increases.TON has recovered some ground since yesterday’s massive crash, while TRX has neared $0.17 once again. The other larger-cap alts are a lot less eventfu… | Bitcoin had a relatively quiet weekend but jumped to just over $65,000 on Monday morning when the bears stepped up and stopped any further increases.
TON has recovered some ground since yesterday’s massive crash, while TRX has neared $0.17 once again. The other larger-cap alts are a lot less eventful.BTC Halted at $65K
Last Monday started with a nosedive for the primary cryptocurrency as the asset failed to conquer the coveted $60,000 level decisively and slumped by two grand. However, it bounced off in the following days and remained in a tighter range between $59,000 and $60,000 by Friday.
That’s when the landscape changed on the heels of positive developments on US soil. First, Fed Chair Jerome Powell said the time had come for the central bank to cut the interest rates. Later that day, Robert F. Kennedy withdrew his 2024 presidential campaign and publicly endorsed the self-proclaimed ‘crypto choice’ – Donald Trump.
BTCreacted with immediate gainsand soared to $65,000 by Saturday morning. Although it failed to double down on this run, itspentthe weekend at around $64,000.
Ahead of theupcoming eventful week, it tapped a new multi-week peak of $65,150 earlier today but was quickly stopped and pushed south to just under $64,000 as of now. This means its market cap has slipped to $1.260 trillion, but its dominance over the alts is still close to 54%.FET Gains 62% Weekly
After the arrest of Pavel Durov, Telegram’s CEO, in France on Saturday evening, Toncoin’s native token slumped hard by over 20% at one point due to the relationship between the two. TON has managed to recover a small portion of the losses and is above $5.6 after dropping below $5.3 yesterday.
The other larger-cap alt with an impressive increase on a daily scale is TRX. As a result, Tron’s biggest coin is up to $0.166. In contrast, ETH, BNB, XRP, ADA, BCH, and DOT are with minor losses.
FET has taken the main stage from the top 50 alts, having surged by 9% in the past day and more than 60% on a weekly basis. Other AI-related tokens, such as TAO, RNDR, and INJ, are also in the green now.
The total crypto market cap has lost some traction since yesterday and is down to $2.343 trillion on CG.
| crypto | null | null | null |
coindesk:f020f8a3b094b:0 | BTCUSDT | Bitcoin ETFs Log $250M Net Inflows, Highest Since July, After Rate Cut Signal at Jackson Hole | coindesk | https://www.coindesk.com/ | 2024-08-26T08:42:57+00:00 | https://www.tradingview.com/news/coindesk:f020f8a3b094b:0-bitcoin-etfs-log-250m-net-inflows-highest-since-july-after-rate-cut-signal-at-jackson-hole/ | null | [{'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/coindesk:f020f8a3b094b:0-bitcoin-etfs-log-250m-net-inflows-highest-since-july-after-rate-cut-signal-at-jackson-hole/ | EN | U.S.-listed spot bitcoin {{BTC}} exchange-traded funds (ETFs) recorded over $252 million daily net inflows on Friday, their highest level since July 23, as favorable comments at the Jackson Hole symposium buoyed risk assets, including bitcoin.Trading volumes for the eleven ETFs crossed $3.12 billio… | U.S.-listed spot bitcoin {{BTC}} exchange-traded funds (ETFs) recorded over $252 million daily net inflows on Friday, their highest level since July 23, as favorable comments at the Jackson Hole symposium buoyed risk assets, including bitcoin.
Trading volumes for the eleven ETFs crossed $3.12 billion to mark their highest level since July 19, SoSoValue data shows. BlackRock’s IBIT led trading activity and inflows at $1.2 billion and $83 million, respectively.
Fidelity’s FBTC was next with $64 million in inflows, while Bitwise’s BITB took in $42 million to cross the $2 billion AUM mark for the first time. Grayscale’s GBTC was the only product showing net outflows at $35 million. However, its mini bitcoin fund BTC was in the green with $50 million inflows.
Federal Reserve chair Jerome Powell confirmed signs that the public agency is set to loosen monetary policy at the Jackson Hole symposium on Friday, with bitcoin rallying above $64,000 afterward.
"The time has come for policy to adjust," Powell said in his speech. "The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."
Crypto traders widely expect the Fed to deliver its first rate cut at its next policy meeting scheduled for September 17.
Tighter monetary policies typically dampen risk appetite in financial markets, while lower rates increase the allure of asset classes such as crypto as investors have cheaper access to capital pools.
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u_today:b10243e7b094b:0 | BTCUSDT | Bitcoin Dominance Aiming for New Multi-Year High | u_today | https://u.today | 2024-08-26T07:58:48+00:00 | https://www.tradingview.com/news/u_today:b10243e7b094b:0-bitcoin-dominance-aiming-for-new-multi-year-high/ | null | [{'symbol': 'BINANCE:ETHBTC', 'logoid': 'crypto/XTVCBTC', 'base_logoid': 'crypto/XTVCETH'}, {'symbol': 'BITSTAMP:LINKUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCLINK'}, {'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDC', 'logoid': 'crypto/XTVCUSDC', 'base_logoid': 'crypto/XTVCBTC'}] | /news/u_today:b10243e7b094b:0-bitcoin-dominance-aiming-for-new-multi-year-high/ | EN | Bitcoin's market dominance has now climbed back above the 57% level, according to data provided by TradingView. On Aug. 25, it peaked at 57.6%, coming close to reaching a new 2024 peak. Earlier this month, Bitcoin dominance surged to 57.7% reaching its highest level since April 2021. Ethereum, the… | Bitcoin's market dominance has now climbed back above the 57% level, according to data provided by TradingView.
On Aug. 25, it peaked at 57.6%, coming close to reaching a new 2024 peak.
Earlier this month, Bitcoin dominance surged to 57.7% reaching its highest level since April 2021.
Ethereum, the main Bitcoin competitor, has been lagging behind the major cryptocurrency despite the recent launch of spot ETFs in the U.S.
As reported by U.Today, cryptocurrency analyst Tuur Demeester recently predicted that the BINANCE:ETHBTC pair could end up collapsing to as low as 0.03 BTC.
Bitcoin dominance is now up 11% since the start of the year. In March, the leading cryptocurrency reached its current peak, but it has since pared some gains.
Meanwhile, Bitcoin is now back into greed territory after swiftly recovering from a devastating crash that took place earlier this month.
The Fear & Greed indicator shows 55 points out of 100 as of Aug. 26. For comparison, the cryptocurrency was in "extreme greed" territory just a few weeks ago following a massive price crash.
Over the past week, Bitcoin spot ETFs attracted a net inflow of $506 million. BlackRock's IBIT accounted for the majority of these inflows with $318 million. The net value of these products now stands at $58.4 billion.
This week, Bitcoin could experience increasing volatility because of the upcoming macro data in the US, including the core PCE index for July.
| crypto | null | null | null |
cryptopotato:47f4cddbd094b:0 | BTCUSDT | Very Important Cardano (ADA) Update, Bullish Ripple (XRP) Price Outlook, and More: Bits Recap August 26 | cryptopotato | https://cryptopotato.com | 2024-08-26T07:51:16+00:00 | https://www.tradingview.com/news/cryptopotato:47f4cddbd094b:0-very-important-cardano-ada-update-bullish-ripple-xrp-price-outlook-and-more-bits-recap-august-26/ | null | [{'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCGBP', 'logoid': 'country/GB', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}, {'symbol': 'BITSTAMP:BTCEUR', 'logoid': 'country/EU', 'base_logoid': 'crypto/XTVCBTC'}] | /news/cryptopotato:47f4cddbd094b:0-very-important-cardano-ada-update-bullish-ripple-xrp-price-outlook-and-more-bits-recap-august-26/ | EN | TL;DRCardano’s Change of PlansCardano’s ADA made the headlines last week when registering a substantial price increase and briefly surpassing $0.40 for the first time since the end of July. The price has since retraced to where it currently trades at around $0.378.One factor fueling the rally could… | TL;DR
Cardano’s Change of Plans
Cardano’s ADA made the headlines last week when registering a substantial price increase and briefly surpassing $0.40 for the first time since the end of July. The price has since retraced to where it currently trades at around $0.378.
One factor fueling the rally could have been the anticipation of a major upgrade on the Cardano network known as the Chang Hard Fork.
The development, which focuses on complete decentralization and community-driven governance within the ecosystem, was initiallyscheduledto go live on the mainnet on August 27. Nonetheless, it was recently rescheduled for September 1.XRP About to ‘Go Crazy?’
Ripple’s XRP experienced a severe collapse during the crypto market crash on August 5, when its price plummeted below $0.50. However, the negative trend was reversed following a major development on the Ripple v. SEC front.
Judge Torresruledthat the company must pay a $125 million fine for violating certain securities laws. The sum might sound substantial, but in fact, it represents a 94% deduction from the regulator’s demand for $2 billion. Many industry participants viewed the decision as a victory for Ripple, while the price of XRP shot above $0.60.
Over the past week, the token’s valuation hovered between $0.57 and $0.62 before settling at its current level of approximately $0.59 (per CoinGecko’s data).
One well-known analyst who believes that XRP is gearing up for a bull run is DustyBC. He presented a rather simple price chart that shows the asset trading towards the upper boundary of a flag pattern. If broken to the upside, it could trigger a violent move toward $2, he assumed.BTC’s Resurgence
The primary cryptocurrency has been the talk of the town lately, with its price soaring by nearly $5K in a matter of 24 hours. The rally started on August 23 following an announcement from the Chairman of the US Federal Reserve, Jerome Powell.
He assured that the entity will start lowering interest rates as the timing of the move would depend on “incoming data, the evolving outlook, and the balance of risks.” Many industry participants expect such a pivot as early as next month.
Cutting interest rates would make money-borrowing cheaper and could increase the investor appetite for risk-on assets such as Bitcoin (BTC). As such, it is no wonder that the leading digital asset spiked to almost $64,500 following that speech.
Meanwhile, the independent presidential candidate Robert F. Kennedy suspended his campaign and endorsed the Republican Donald Trump. This was seen as a positive factor for BTC, considering the latter’s pro-crypto stance.
Currently, BTC trades at around $63,800, slightly retracing from the local top of $64,700 registered several hours ago.
| crypto | null | null | null |
coindesk:b962b7226094b:0 | BTCUSDT | AI Tokens Lead Crypto Market Ahead of Nvidia Earnings, Bitcoin Under $64K | coindesk | https://www.coindesk.com/ | 2024-08-26T07:32:48+00:00 | https://www.tradingview.com/news/coindesk:b962b7226094b:0-ai-tokens-lead-crypto-market-ahead-of-nvidia-earnings-bitcoin-under-64k/ | null | [{'symbol': 'BINANCE:XRPUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCXRP'}, {'symbol': 'PYTH:NVDA', 'logoid': '', 'base_logoid': ''}, {'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'PYTH:AI', 'logoid': '', 'base_logoid': ''}] | /news/coindesk:b962b7226094b:0-ai-tokens-lead-crypto-market-ahead-of-nvidia-earnings-bitcoin-under-64k/ | EN | Bitcoin {{BTC}} slid under the $64,000 level in Asian trading hours Monday, after a 5% bump on Friday following favorable comments from Jackson Hole.U.S. Federal Reserve Chairman Jerome Powell said on Friday that a monetary easing cycle will begin next month - easing headwinds around risk assets as… | Bitcoin {{BTC}} slid under the $64,000 level in Asian trading hours Monday, after a 5% bump on Friday following favorable comments from Jackson Hole.
U.S. Federal Reserve Chairman Jerome Powell said on Friday that a monetary easing cycle will begin next month - easing headwinds around risk assets as the lure of cheap money helped buoy prices.
Major tokens jumped through Saturday, but registered slight losses in the past 24 hours. Ether {{ETH}} traded just over $2,700, while Solana’s SOL and xrp BINANCE:XRPUSD were changing hands at $158 and 58 cents, respectively. Meanwhile, while Tron’s TRX jumped 3% as an ongoing memecoin frenzy continues to add demand for the token.
The broad-based CoinDesk 20 (CD20), a liquid index of the largest tokens by market capitalization, was lower by 0.44%.
Traders said they expect the current rally to continue in the next few months.
“As inflation is more or less under control now, the market focus will shift to the labor market and on whether Fed will successfully deliver a soft landing for US economy,” Lucy Hu, senior analyst at Metalpha, told CoinDesk in a Telegram message Monday. “We expect the market sentiment will continue to improve in the next few months as rate cuts are on the way while the economy stabilizes and potential crypto-friendly policies if Trump gets elected.”
AI tokens charge ahead of Nvidia earnings
Artificial Intelligence tokens led the market on Monday, as traders in Asia poured money into FET, the token of the 'Artificial Superintelligence Alliance', as well as Bittensor (TAO). The move in to AI tokens comes ahead of Nvidia's PYTH:NVDA widely anticipated earnings on August 28.
FET is up 8.8% as of early afternoon Hong Kong time while (TAO) is up 4.7%.
Historically, Nvidia has been a bellweather for the growing AI token space with tokens edging up in anticipation of its earnings.
Analysts polled by FactSet expect this quarter's earnings per share to be a blockbuster event with earnings of 65 cents per share, a 141% increase from the previous year, with revenue expected to reach $28.72 billion, up 113%.
This would be Nvidia's fifth consecutive quarter of triple-digit growth, with the tech sector expected to perform strongly throughout the rest of the year given that the Fed will likely cut rates in September.
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newsbtc:7a0c759b3094b:0 | BTCUSDT | Crypto Analyst Sounds Alarm: Here’s Why It’s Your ‘Last Chance To Buy Bitcoin’ | newsbtc | https://www.newsbtc.com | 2024-08-26T07:00:56+00:00 | https://www.tradingview.com/news/newsbtc:7a0c759b3094b:0-crypto-analyst-sounds-alarm-here-s-why-it-s-your-last-chance-to-buy-bitcoin/ | null | [{'symbol': 'OANDA:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}, {'symbol': 'BITSTAMP:BTCUSDT', 'logoid': 'crypto/XTVCUSDT', 'base_logoid': 'crypto/XTVCBTC'}] | /news/newsbtc:7a0c759b3094b:0-crypto-analyst-sounds-alarm-here-s-why-it-s-your-last-chance-to-buy-bitcoin/ | EN | Trying to time the Bitcoin bottom as the perfect time to buy is a pursuit for many cryptocurrency traders. As a result, crypto analysts have used various indicators in the quest to predict the best time to buy Bitcoin. This pursuit has not waned even with the BTC price hitting a new all-time high e… | Trying to time the Bitcoin bottom as the perfect time to buy is a pursuit for many cryptocurrency traders. As a result, crypto analysts have used various indicators in the quest to predict the best time to buy Bitcoin. This pursuit has not waned even with the BTC price hitting a new all-time high earlier this year, as crypto analyst R.N. Elliot has sounded the alarm for what he believes is the best time to buy the leading cryptocurrency.
Time To Buy Bitcoin
The analyst’s chart to a “Double Zigzag” pattern that has formed for Bitcoin. As the name implies, it includes two different zigzags, both of which are likely to play out the same way. Since the first pattern has already been completed, which the crypto analyst places with the BTC all-time high above $73,000.
Since the analyst believes that the second zigzag pattern could form the same way, it’s likely it has already playing out following a crash from $70,000 to below $50,000. If this analysis is right, then it could mean that the Bitcoin price is ready to recover from here.
From here, a Bitcoin recovery could put the price above $74,000, which would mean a bran-new all-time high for the pioneer cryptocurrency. Additionally, such a surge would have a market-wide impact, triggering another possible bull run for altcoins alike.
Using The Elliot Wave To Time The Bottom
Elliot’s analysis focuses on the popular Elliot Wave tool as a way to predict when would be the best time to start buying Bitcoin. This tool uses a series of waves in an attempt to predict when the price might rise and fall, suggesting periods of bearish and bullish momentum. By applying this tool, the crypto analyst believes he has been able to pinpoint an end to the bearish trend.
Going by the crypto analyst’s predictions, the time to start buying Bitcoin is now as the zigzag pattern is still in progress. As for the Elliot Wave theory, the crypto analyst explains that Bitcoin is in the third wave. However, this isn’t a standalone wave with a prediction that it will consist of five subwaves.
As this wave progresses, Elliot expects that an “Expanding Diagonal” pattern could be formed. According to the analyst, this pattern usually arises in an unstable market. However, with the formation continuing, he believes that the price will rise.
The targets for the Bitcoin price rally are placed at $84,331.6 for a short wave and $106,219.6 in the event of a longer wave. Regardless of the length of the wave, either of these price points would guarantee a brand-new peak for the pioneer cryptocurrency.
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beincrypto:12d2984cd094b:0 | BTCUSDT | Crypto Markets Eye Key US Economic Events This Week as Bitcoin Clings to $64,000 | beincrypto | https://beincrypto.com/ | 2024-08-26T06:32:06+00:00 | https://www.tradingview.com/news/beincrypto:12d2984cd094b:0-crypto-markets-eye-key-us-economic-events-this-week-as-bitcoin-clings-to-64-000/ | null | [{'symbol': 'BINANCE:BTCUSD', 'logoid': 'country/US', 'base_logoid': 'crypto/XTVCBTC'}] | /news/beincrypto:12d2984cd094b:0-crypto-markets-eye-key-us-economic-events-this-week-as-bitcoin-clings-to-64-000/ | EN | Cryptocurrency traders and investors are closely monitoring key events on this week’s US economic calendar. As Bitcoin BINANCE:BTCUSD maintains a price above $64,000, these events could trigger significant market fluctuations.The crypto market, largely driven by retail investors, remains susceptibl… | Cryptocurrency traders and investors are closely monitoring key events on this week’s US economic calendar. As Bitcoin BINANCE:BTCUSD maintains a price above $64,000, these events could trigger significant market fluctuations.
The crypto market, largely driven by retail investors, remains susceptible to economic pressures and regulatory uncertainties. With these factors at play, traders are eager to see how the week unfolds.
Key US Economic Events This Week
Bitcoin is eyeing further gains, supported by the Federal Reserve’s recent dovish tone. This week’s US economic events could heavily influence retail sentiment, potentially setting the stage for the next price movement in crypto markets. Several key items on the economic calendar hold the potential to impact Bitcoin and broader crypto prices, making them critical for traders to watch.
Consumer Confidence Index
The Conference Board is set to release the US Consumer Confidence Index on August 27, the last Tuesday of the month. This index offers insights into spending trends by reflecting consumer attitudes, buying plans, and vacation intentions.
High consumer confidence typically correlates with increased spending, potentially boosting economic activity. Such optimism might lead to greater investments in assets like Bitcoin. On the flip side, low consumer confidence, signaling reduced spending, could prompt the Federal Reserve to maintain a dovish stance, leading to more liquidity in the financial system.
In this scenario, Bitcoin could benefit as investors turn to it as an alternative store of value and inflation hedge. Given this backdrop, Tuesday’s data will be pivotal for crypto markets, offering a snapshot of consumer sentiment regarding the economy. The current forecast stands at 100.5, a slight increase from 100.3.
Initial Jobless Claims
Crypto markets are also closely watching Thursday’s initial jobless claims report, which will offer fresh insights into the US labor market’s health. Recently, the number of Americans filing new unemployment claims has edged higher, signaling a gradual cooling of the labor market — a factor that has encouraged the Fed’s cautious stance on rate cuts.
The last reported figure was 232,000, with a middle projection of 234,000 for the upcoming data. According to the Labor Department, initial jobless claims increased by 4,000 to a seasonally adjusted 232,000 for the week ending August 17, while economists expected 230,000.
A higher-than-anticipated rise in jobless claims could point to economic instability, driving investors toward Bitcoin as a hedge against traditional markets. Conversely, a drop in claims may boost confidence in traditional assets, potentially diverting capital away from cryptocurrencies. With the Fed closely monitoring labor conditions, these numbers will be key for both traditional and crypto investors alike.
GDP
This week’s second revision of Gross Domestic Product (GDP) data, scheduled for Thursday, is a critical release for the markets. GDP measures the overall economic output and health of a country by calculating the total value of goods and services produced.
A positive revision would signal robust economic growth, potentially driving investors to riskier assets like Bitcoin and other cryptocurrencies. On the other hand, a downward adjustment could dampen sentiment, leading to a pullback in crypto prices as investors grow cautious.
In the previous report, GDP grew at an annualized rate of 2.8% in Q2, surpassing the 1.4% pace recorded in Q1. This steady growth has helped ease recession fears, suggesting resilience in the broader economy. If confirmed by Thursday’s data, investor optimism could spill over into the crypto market, reinforcing Bitcoin’s appeal as a high-reward asset.
Personal Income and PCE Index
The US Bureau of Economic Analysis (BEA) is set to release personal income, spending, the PCE index, and core PCE data on Friday. These figures will provide crucial insights into inflation and consumer behavior, directly influencing the Federal Reserve’s next moves.
Weaker personal income and spending data, paired with softer inflation, could pave the way for a 50-basis-point rate cut in September. Such a dovish approach from the Fed could boost demand for riskier assets like Bitcoin. However, if spending power drops sharply, recession fears might resurface, potentially dampening Bitcoin demand.
The Personal Consumption Expenditures (PCE) index, especially the core PCE excluding food and energy prices, will be a key inflation gauge. A higher-than-expected core PCE reading would indicate persistent inflationary pressures, leading investors to seek alternative assets like Bitcoin, which is often viewed as an inflation hedge. On the flip side, a lower core PCE index could reduce demand for cryptocurrencies as investors turn to more stable investments.
Consumer Sentiment
Markets also brace for the University of Michigan’s Consumer Sentiment survey release for August on Friday. This data shows the gap between the US economy’s continued strength and how households feel about their personal financial situation.
If the data shows consumers are still struggling with inflation and high interest rates while also worrying more about their jobs, crypto could react in different ways. Notably, consumer sentiment is much more sensitive to inflation, while consumer confidence is more sensitive to the labor market.
Ultimately, the relationship between crypto and US macroeconomics is not always straightforward. The market reacts to data releases in unexpected ways determined by what transpires in the days leading to the data release date. It is worth mentioning that all of the above data will affect the S&P500 Index (SPX) and, therefore, also impact Bitcoin.
US Government Bitcoin Supply Overhang
The US government’s Bitcoin holdings remain a significant concern for the market. According to Arkham Intelligence, the government currently holds around 203,239 BTC. Any large transfer from this inventory could trigger fears of an oversupply, potentially driving Bitcoin’s price below the $60,000 mark.
According to BeInCrypto data, Bitcoin is currently trading at $64,067, reflecting a 0.23% dip since the market opened on Monday. Further developments this week could determine its next directional move.
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DJN_DN20240825001042:0 | NVDA | Stocks Poised for Higher Open — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-25T22:44:00+00:00 | https://www.tradingview.com/news/DJN_DN20240825001042:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NYSE:JWN', 'base_logoid': 'nordstrom'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:ULTA', 'base_logoid': 'ulta-beauty'}] | /news/DJN_DN20240825001042:0/ | EN | By Janet H. ChoStocks are poised for a higher open on Monday, ahead of artificial intelligence chip maker Nvidia's highly anticipated earnings on Wednesday and the release of the Federal Reserve's preferred inflation gauge on Friday.On Sunday night, Dow Jones Industrial Average futures rose 24 poin… | By Janet H. Cho
Stocks are poised for a higher open on Monday, ahead of artificial intelligence chip maker Nvidia's highly anticipated earnings on Wednesday and the release of the Federal Reserve's preferred inflation gauge on Friday.
On Sunday night, Dow Jones Industrial Average futures rose 24 points or 0.1%, while the S&P 500 futures rose 0.1%, and Nasdaq Composite futures gained 0.1%.
While Nvidia's earnings report after Wednesday's closing bell is the main earnings event of the week, other S&P 500 companies reporting include PDD Holdings on Monday, Nordstrom on Tuesday, CrowdStrike on Wednesday, and Lululemon Athletica and Ulta Beauty on Thursday.
Among this week's notable economic events, the Census Bureau will release its durable goods report for July on Monday. Analysts expect new orders for manufactured durable goods to increase 6.8% in July, after falling 6.7% in June, according to FactSet.
On Tuesday, S&P CoreLogic will release its Case-Shiller Home Price Indexes for June, and the Conference Board will report the Consumer Confidence Index for August.
On Wednesday, Federal Reserve Bank of Atlanta President Raphael Bostic will speak at the Stanford Club of Georgia and the Stanford Black Alumni Association — Atlanta.
On Thursday, the Bureau of Economic Analysis will release its second preliminary estimate of second-quarter gross domestic product growth. Consensus estimate is for real GDP to have grown at a seasonally adjusted 2.8% annual rate, matching the advance estimate published in July. Atlanta Fed President Bostic will speak to Georgia Tech's Scheller College of Business Management of Financial Institutions class.
Also Thursday, the National Association of Realtors will release its Pending Home Sales Index, a leading indicator of housing activity, for July. Economists surveyed by FactSet expect a 1.3% month-over-month increase, following a 4.8% gain in June. The Labor Department will report initial jobless claims for the week ended Aug. 24.
On Friday, the BEA will release the personal consumption expenditures price index for July. Consensus estimate is for the PCE price index to increase 2.6% year over year, one-tenth of a percentage point less than in June, according to FactSet. Core PCE excluding volatile food and energy prices is expected to rise 2.7%, also one-tenth of a percentage point less than June.
Also Friday, the University of Michigan will release its final consumer sentiment index for August, and the Institute for Supply Management will release the Chicago Business Barometer for August.
Write to Janet H. Cho at janet.cho@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
| stocks | null | null | null |
DJN_DN20240825000533:0 | NVDA | Nvidia, Best Buy, and Salesforce Earnings; Inflation and Housing Data; and More to Watch This Week — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-25T18:00:00+00:00 | https://www.tradingview.com/news/DJN_DN20240825000533:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NYSE:JWN', 'base_logoid': 'nordstrom'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:BBY', 'base_logoid': 'best-buy'}, {'symbol': 'NASDAQ:CRWD', 'base_logoid': 'crowdstrike'}, {'symbol': 'NYSE:HPQ', 'base_logoid': 'hp'}] | /news/DJN_DN20240825000533:0/ | EN | By Nicholas Jasinski and Connor SmithHighly anticipated earnings from Nvidia, the Federal Reserve's preferred inflation gauge, and the latest housing-market data will be the final week of August's highlights.The highlight on the earnings calendar will be Nvidia's results on Wednesday evening. As th… | By Nicholas Jasinski and Connor Smith
Highly anticipated earnings from Nvidia, the Federal Reserve's preferred inflation gauge, and the latest housing-market data will be the final week of August's highlights.
The highlight on the earnings calendar will be Nvidia's results on Wednesday evening. As the poster child for the artificial-intelligence trade, they'll be sure to move the market, one way or the other. Other companies reporting this week will include PDD Holdings on Monday; Box on Tuesday; Salesforce, CrowdStrike, HP Inc., Okta, and Chewy on Wednesday; and Dell Technologies and Marvell Technology on Thursday.
More retailers are reporting results this week, including Nordstrom on Tuesday, followed by Abercrombie & Fitch, Bath & Body Works, Five Below, Kohl's, and Victoria's Secret on Wednesday. Best Buy, Burlington Stores, Lululemon Athletica, Ulta Beauty, and American Eagle Outfitters report on Thursday.
On Friday, Fed officials will get a look at the July personal consumption expenditures price index. Economists' consensus estimate is for the index to be up 2.6% from a year earlier. The Fed has a 2% annual inflation target.
Other data to watch this week include the Census Bureau's durable goods report for July on Monday and the Conference Board's Consumer Confidence Index for August on Tuesday. There will also be fresh housing data in the form of the S&P CoreLogic Case-Shiller Home Price Indexes for June on Tuesday and the National Association of Realtors' Pending Home Sales Index for July on Thursday. The Bureau of Economic Analysis will release its second preliminary estimate of second-quarter gross domestic product growth also on Thursday.
Monday, 8/26
The Census Bureau releases the durable goods report for July. Consensus estimate is for new orders for manufactured durable goods to increase 6.8% month over month, according to FactSet. Durable goods orders fell 6.7% in June.
PDD is scheduled to release quarterly results.
Tuesday, 8/27
S&P CoreLogic releases its Case-Shiller Home Price Indexes for June. In May, the national home price index reached a new high, rising 5.9% year over year.
The Conference Board releases its Consumer Confidence Index for August. Expectations are for a 100 reading, three-tenths of a percentage point lower than July's reading, per FactSet.
Nordstrom and Box are scheduled to release quarterly results.
Wednesday, 8/28
Nvidia, with a more than $3 trillion market capitalization, reports quarterly results on Wednesday after the market close will likely move the market, one way or the other. Wall Street expects the company to report earnings of 65 cents per share on sales of $28.7 billion, according to FactSet. The chip maker's guidance and management commentary on customers' investments in AI technology will be the most telling.
Salesforce, CrowdStrike, HP Inc., Li Auto, Pure Storage, Okta, J.M. Smucker, Chewy, Affirm, Abercrombie & Fitch, Bath & Body Works, Five Below, Foot Locker, Kohl's, Victoria's Secret, and B. Riley Financial are also expected to report earnings.
Thursday, 8/29
The Bureau of Economic Analysis releases its second preliminary estimate of second-quarter gross domestic product growth. Consensus estimate is for real GDP to have grown at a seasonally adjusted annual rate of 2.8%, matching the advance estimate published in July.
The National Association of Realtors releases its Pending Home Sales Index, a leading indicator of housing activity, for July. Economists surveyed by FactSet forecast a 1.3% month-over-month increase for the index, following a 4.8% gain in June.
Dell, Marvell, Autodesk, Lululemon, MongoDB, Best Buy, Ulta, Burlington, Campbell Soup, Birkenstock, Ollie's Bargain Outlet, American Eagle Outfitters, Academy Sports and Outdoors, and Polestar Automotive are scheduled to report quarterly results.
Friday, 8/30
The BEA releases the personal consumption expenditures price index for July. Consensus estimate is for the PCE price index to increase 2.6% year over year, one-tenth of a percentage point less than in June, according to FactSet The core PCE, which excludes volatile food and energy prices, is expected to rise 2.7%, also one-tenth of a percentage point less than the previous month.
Write to Nicholas Jasinski at nicholas.jasinski@barrons.com and Connor Smith at connor.smith@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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DJN_SN20240825000920:0 | NVDA | Powell says time has come for rate cuts. Here's the opportunity for investors. | market-watch | https://www.tradingview.com/news/providers/market-watch/ | 2024-08-25T16:01:00+00:00 | https://www.tradingview.com/news/DJN_SN20240825000920:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'AMEX:VNLA', 'base_logoid': 'henderson-diversified-income'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_SN20240825000920:0/ | EN | By Joy WiltermuthInvestors consider which parts of markets still have room to run as the Fed moves closer to its first interest rate cut in four yearsFederal Reserve Chair Jerome Powell on Friday delivered his clearest message yet to financial markets that the time has arrived for lower interest ra… | By Joy Wiltermuth
Investors consider which parts of markets still have room to run as the Fed moves closer to its first interest rate cut in four years
Federal Reserve Chair Jerome Powell on Friday delivered his clearest message yet to financial markets that the time has arrived for lower interest rates.
It's a moment Powell has been warming up to for months, prompting investors to consider which parts of markets still have room to run as the Fed moves closer to its first rate cut in four years.
The three major U.S equity indexes ended Friday near record territory after Powell's brief speech at Jackson Hole, Wyo., the dollar DXY traded at its lowest level in more than a year against a basket of major currencies and prices for U.S. bonds jumped as yields fell.
Powell's theme differed greatly from his "mic drop" speech two years ago at the same symposium that warned of "pain to households and businesses," but Daniel Siluk, head of global short-duration and liquidity at Janus Henderson Investors, said it carried a similar weight.
His remarks were a bit of a "victory lap" for the Fed boss, he said, pointing to Powell's success in guiding the economy through a pandemic, toward a soft economic landing, while also taming inflation and battling "once-in-a-century" type of uncertainty.
"Now they can shift focus to the real economy, which basically means the labor market," Siluk said.
What's price in?
Rate-sensitive parts of the stock market staged a big rally in the past week, even as the S&P 500 index SPX finished trade at a 18.1% gain so far for 2024 as of Friday, the Dow Jones Industrial Average DJIA closed 9.3% higher and the Nasdaq Composite Index COMP was up 19.1% on the year, according to FactSet.
Small-caps RUT roared 3.2% higher on Friday alone, while the real estate component of the S&P 500 XX:SP500.60 rose 2%. The equal-weight S&P 500 index XX:SP500EW closed deeper in record territory, advancing a broadening out of the rally beyond a few technology giants.
Looking ahead, the fate of small-caps likely hinges on Fed rate cuts, financial conditions, volatility in the broader equity and rates market, as well as the sturdiness of the labor market.
"It's not just one factor," said Roosevelt Bowman, senior investment strategist at Bernstein Private Wealth Management. "That's where some investors get caught off guard," he said.
Yet, the big risk for stocks would be a sharp deterioration in the labor market. "I think that's where you end up with a less friendly environment for the equity market, and small-cap underperformance," Bowman said.
Why bonds can shine
It has been a brutal few years in bonds, with paltry yields leaving banks and other major bond buyers vulnerable to paper losses once the Fed began aggressively jacking up short term interest rates in 2022.
Bond yields spiked thereafter, but lingering doubts about whether or not the Fed was done raising rates, even through the beginning of 2024, kept investors on edge.
Powell's speech on Friday helped lay more of that uncertainty to rest. "It solidifies that a rate cut is extremely likely in September," said Collin Martin, a fixed-income strategist for the Schwab Center for Financial Research.
On the flip side, the remarks also may have narrowed the window for investors to lock in bond yields - while they still can.
"We think history shows that no one can correctly and consistently predict interest rates," Martin told MarketWatch. While yields already may have peaked, bonds still can help protect portfolios, especially if stocks swoon like they did in early August.
With the 10-year Treasury yield BX:TMUBMUSD10Y ending Friday at 3.806% - well below the 5% peak in October - the time could be ripe to add bonds outside of U.S. government debt.
A high-quality strategy could include corporate bonds of companies with robust balance sheets, Martin said, which offer a spread, or extra compensation, above risk-free Treasurys.
Leslie Falconio, head of taxable fixed-income strategy, UBS Global Wealth Management, said the roughly $9 trillion market for U.S. mortgage bonds with government backing looks attractive at yields above 5%, in a Friday client note.
Sales of existing homes went into hibernation after the Fed began hiking rates in 2022, but rate cuts should make 30-year fixed-rate mortgages slightly more affordable. Policies that might help tackle the affordability crisis for first-time buyers have been in the spotlight ahead of November's U.S. presidential election.
Bowman at Bernstein said investors sitting in cash risk missing out on locking in yields, but also on potential price appreciation on bonds, once the Fed starts cutting rates.
Siluk, who oversees the Janus Henderson Short Duration Income ETF VNLA, has been jumping on opportunities in the global rates market as central bank policies diverge, but also in the short-term debt of global financial companies and in securitized debt.
He isn't sold on the 100 basis points of Fed rate cuts priced into markets through year-end, when looking at the CME FedWatch tool.
"My view is front-end markets have probably gone too far in terms of how aggressive the Fed will be this calendar year."
For the week ahead, a major item on the calendar is earnings from AI-darling Nvidia Corp., (NVDA) which are due on Wednesday, and could help gauge enthusiasm for other megacap tech stocks. Investors will hear from several other Fed speakers throughout the week, get revised GDP data for the second quarter on Thursday and review the personal-consumption expenditures price index for July on Friday.
-Joy Wiltermuth
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
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DJN_DN20240824001428:0 | 7203 | The Plug-In Hybrid Car Starts to Win Over Buyers — WSJ | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-25T03:06:00+00:00 | https://www.tradingview.com/news/DJN_DN20240824001428:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'TSE:7203', 'base_logoid': 'toyota'}, {'symbol': 'MIL:STLAM', 'base_logoid': 'stellantis'}, {'symbol': 'NYSE:F', 'base_logoid': 'ford'}, {'symbol': 'NYSE:GM', 'base_logoid': 'general-motors'}, {'symbol': 'XETR:VOW', 'base_logoid': 'volkswagen'}] | /news/DJN_DN20240824001428:0/ | EN | By Christopher OttsThe plug-in hybrid, long a fringe technology in the car business, is gaining some traction.As automakers slow-walk plans to roll out more fully electric vehicles in response to lighter-than-expected consumer interest, more are embracing plug-in hybrids, which run on battery power… | By Christopher Otts
The plug-in hybrid, long a fringe technology in the car business, is gaining some traction.
As automakers slow-walk plans to roll out more fully electric vehicles in response to lighter-than-expected consumer interest, more are embracing plug-in hybrids, which run on battery power for about 20 to 40 miles before reverting to a gas engine.
The technology has been on the market for more than a decade, but sales hadn't taken off until recently. Some automakers shied away from offering them because of the added cost and engineering complexity — they essentially require two ways to power the car, packed under one hood. The relatively small number of models available also were pricier than gas-powered cars, limiting their appeal.
Now, car companies are finding more reasons to offer plug-in hybrids, which provide another path beyond full EVs to meet tougher U.S. tailpipe-pollution rules. Ford Motor said this past week that it canceled plans for a fully electric large SUV and instead will offer hybrid versions, potentially including plug-ins.
The number of plug-in-hybrid models on sale in the U.S. has nearly doubled since 2019, to 47, according to automotive-research site Edmunds. These include well-known nameplates such as the Toyota RAV4 and Ford Escape compact SUVs.
Dealers say some car shoppers who are interested in going electric still want the security of a gas engine. Buyers also are finding that, with hefty support from automakers and the federal government, plug-in hybrids can sometimes be the cheapest option.
Bria Adams, a 28-year-old firefighter from Central Massachusetts, once considered herself a "naysayer" on electric vehicles. This past spring, though, she pounced on a plug-in hybrid Jeep Wrangler at her local dealership that was about $200 a month cheaper to lease than the gas SUVs she browsed.
Adams said the Jeep is surprisingly quiet when running on electricity. "It was definitely a switch from driving pickup trucks for most of my life," she said.
Toyota Motor in the early 2000s popularized conventional hybrids with its original Prius, which combines a small battery and motor to assist the gas engine and improve fuel efficiency. Plug-in hybrids like the Prius Prime take the concept further, with batteries large enough to power the car on electricity alone for short trips.
A few years ago, plug-in hybrids seemed destined to fade as the industry rushed to develop full EVs. Now some automakers are giving them another look, partly because EV demand has been lighter-than-expected.
For example, General Motors was one of the first companies to offer a plug-in hybrid with its 2010 launch of the Chevrolet Volt. The Detroit automaker phased out the Volt in 2019, declaring its future in EVs. Now GM plans to bring back plug-in hybrids, starting in 2027.
Plug-in hybrid sales in the U.S. jumped 59% in the first quarter of this year from a year earlier, and their share of the overall market — while still small — has roughly doubled since 2022, to 2.4%, according to research from Cox Automotive.
The technology is growing at a faster rate globally, led by China, where plug-in hybrids are projected to account for 15% of the market this year, according to consulting firm AlixPartners.
In the U.S., much of the growth of plug-in hybrids has been driven by regulations, analysts say.
The Jeep Wrangler and Grand Cherokee alone accounted for about one-third of U.S. plug-in hybrid sales during the first half of 2024, according to data from research firm Motor Intelligence.
Yet, there is "limited natural demand" among Jeep customers for electric range in their rugged SUVs, said John Morrill, who owns Planet Chrysler Jeep Dodge in Franklin, Mass. Sales of the plug-in Jeeps are supported by "very aggressive" manufacturer discounts of up to $12,000 a vehicle, plus a $7,500 federal tax credit if the vehicles are leased, he said.
"A lot of people come in and say, 'I don't want a hybrid,'" Morrill said. But after the salesperson explains it is $70 cheaper a month than the gas version, "they say, 'I'll take the hybrid.'"
Global automaker Stellantis, parent company of Jeep, Ram, Dodge and Chryser, has paid hefty federal fines for failing to meet emissions rules in the past, a byproduct of its fuel-thirsty vehicle lineup. The company, which only this year started selling a fully electric vehicle in the U.S., is leaning into plug-in hybrids as a way to comply with state and federal laws.
Stellantis in recent years has limited the stock of regular, gas-only Jeeps for Morrill and other dealers in about a dozen states that have adopted California's stricter emissions rules.
"Plug-in hybrids balance the need to reduce vehicle emissions and offer consumers an entry point to electrified vehicles," a Stellantis spokesperson said.
Now, federal regulatory changes will ensure more plug-in hybrids hit the market in coming years, auto executives and analysts say.
The Environmental Protection Agency in March completed new tailpipe-emissions thresholds to crack down on pollution limits for model years 2027 through 2032. The EPA said plug-in hybrids would likely play a bigger role in helping the industry hit those targets than the agency originally envisioned.
Mainly because of the EPA rules, Toyota will expand its plug-in hybrid lineup from the RAV4 and Prius, while making plug-ins more widely available, said David Christ, group vice president at Toyota Motor North America.
German auto giant Volkswagen is strongly considering plug-in hybrids for its U.S. lineup, said Lyndon Lie, executive vice president of Volkswagen Group of America. For now, it is a better business than EVs, he said.
"You can make money on a [plug-in hybrid] or at least break even...and give the customer something that they are more comfortable with," he said.
Plug-in hybrids have their detractors. Some clean-energy advocates say they have fewer environmental benefits than advertised because many drivers don't plug them in and rely mostly on the gas engine.
Adams, though, routinely charges her Wrangler at her firehouse, and loves saving on gas. "And I feel like I'm doing a little bit for the environment," she said. "A tiny amount."
Write to Christopher Otts at christopher.otts@wsj.com
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benzinga:cbf1acbbf094b:0 | MSFT | Leaked Data: Huge Pay Gap In Favor Of AI Engineers At Microsoft | benzinga | https://benzinga.com/ | 2024-08-24T17:15:28+00:00 | https://www.tradingview.com/news/benzinga:cbf1acbbf094b:0-leaked-data-huge-pay-gap-in-favor-of-ai-engineers-at-microsoft/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:cbf1acbbf094b:0-leaked-data-huge-pay-gap-in-favor-of-ai-engineers-at-microsoft/ | EN | Leaked Microsoft Corp. pay data shows a substantial disparity in favor of AI engineers, underlining the company’s significant investment in AI.What Happened: Several Microsoft employees voluntarily disclosed their salary and promotion details through an unofficial spreadsheet. This document, which… | Leaked Microsoft Corp. pay data shows a substantial disparity in favor of AI engineers, underlining the company’s significant investment in AI.
What Happened: Several Microsoft employees voluntarily disclosed their salary and promotion details through an unofficial spreadsheet. This document, which includes over 500 entries, offers a glimpse into the tech giant’s compensation structure.
The data analysis indicated that the average total compensation for software engineers in Microsoft’s newly formed AI organization was $377,611, a figure that’s at least $120,000 higher than the averages in other Microsoft divisions.
This team was established in March to enhance Microsoft’s consumer-AI strategy, under the leadership of DeepMind co-founder Mustafa Suleyman.
Despite a company-wide salary freeze and a decrease in bonus and stock award budget last year, Microsoft resumed performance-based pay raises this year.
Also Read:
The pay gap between Microsoft’s AI division and the rest of the company is clear, emphasizing the company’s significant commitment to AI.
While the data is based on self-reporting by Microsoft employees and may not provide a comprehensive view, it does underscore the pay disparity within the company.
Why It Matters: The pay gap underscores Microsoft’s strategic focus on AI. The company’s significant investment in AI is a part of its long-term strategy to stay competitive in the rapidly evolving tech industry.
The formation of a new AI division and the hiring of high-profile AI experts like DeepMind co-founder Mustafa Suleyman further highlights this focus.
The pay disparity is a clear indication of the value Microsoft places on AI expertise, reflecting the growing importance of AI in the tech industry.
Read Next
This content was partially produced with the help of and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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barchart:1519c3899094b:0 | MSFT | MSFT vs. ORCL: Which AI Software Stock is a Better Buy? | barchart | https://www.barchart.com/ | 2024-08-24T15:30:02+00:00 | https://www.tradingview.com/news/barchart:1519c3899094b:0-msft-vs-orcl-which-ai-software-stock-is-a-better-buy/ | null | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NYSE:ORCL', 'base_logoid': 'oracle'}, {'symbol': 'NYSE:PLTR', 'base_logoid': 'palantir'}] | /news/barchart:1519c3899094b:0-msft-vs-orcl-which-ai-software-stock-is-a-better-buy/ | EN | The thunderous rally in artificial intelligence (AI) stocks has been hard to miss. As OpenAI's ChatGPT gained mainstream acceptance, investors have made a beeline for stocks with exposure to the booming AI market. As one of the primary drivers of the overall market action for the better part of the… | The thunderous rally in (AI) stocks has been hard to miss. As OpenAI's ChatGPT gained mainstream acceptance, investors have made a beeline for stocks with exposure to the booming AI market. As one of the primary drivers of the overall market action for the better part of the last two years, it's fair to say that AI has well and truly arrived, with the investing theme firmly entrenched in the minds and portfolios of most market participants.
But with the AI market, valued at about $621 billion in 2024, projected to clock a CAGR of 20.4% between now and 2032 to reach a staggering size of $2.7 trillion, this trend still seems to be in its early innings. To best leverage the expected long-term growth in AI, investors should be wary of deploying their capital into the stocks of dubious companies that are “AI pretenders” rather than real innovators working on and benefiting from the technology, as the obvious parallels to the around the turn of the millennium cannot be missed.
Here is where Microsoft NASDAQ:MSFT and Oracle NYSE:ORCL come into the picture. Having been around for decades and survived a few challenging business cycles - including the aforementioned tech bubble - these two software giants are now moving into the forefront of the AI revolution, albeit in different ways. With well-established fundamentals and strong business prospects, stocks of both tech giants have garnered positive reviews from the analyst community, and are projected to deliver outsized earnings growth. But which one is a better fit for your portfolio? Here's a closer look at both.
Microsoft
Co-founded by Bill Gates almost five decades ago, Microsoft NASDAQ:MSFT began as a small software startup and has now grown into a multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its key products have become household brand names over the years, including Windows, MS Office, Azure, and Xbox. The company commands a gargantuan market cap of $3.08 trillion.
, and it also offers a modest dividend yield of 0.72%. The company has been raising dividends for the past 19 years, and with a payout ratio of just 25.4%, there's room for additional growth.
Microsoft's latest quarterly results were impressive, after the company's fiscal Q4 revenue and earnings came in ahead of consensus estimates. MSFT reported revenues of $64.7 billion in Q4, up 15.2% from the previous year. A 31% YoY increase in Service and other revenues drove the overall growth, as revenues from the Product segment dipped 21.6% in the same period.
EPS grew by 10% from the prior year to $2.95, outpacing the consensus estimate. Notably, this marked the eighth consecutive quarterly earnings beat by the company. Overall, over the past 10 years, Microsoft's revenue and EPS have clocked CAGRs of 10.94% and 14.85%, respectively.
Net cash from operations soared to $37.2 billion in the fourth quarter, up from $28.8 billion in the previous year, as the company closed the quarter with a cash balance of $18.3 billion.
As for Microsoft's AI capabilities, its multi-billion dollar investment in OpenAI's ChatGPT is well known. Moreover, in Q4, the company spent $19 billion as capex on AI.
Apart from that, Microsoft's generative AI assistant, Copilot, is now integrated into various apps and platforms within its ecosystem, which resulted in a 60% increase in its customer count yearly. This demonstrates the product's quality and adoption.
Additionally, Azure AI customers grew 60% year over year, with the cloud segment reporting revenues of $28.5 billion (up 18.9% YoY). The company highlighted growth in $10 million and $100 million+ deals for Azure and Microsoft 365, indicating strong customer commitments to long-term AI-led contracts.
Looking ahead, analysts are forecasting forward revenue growth of 14.65% and EPS growth of 16.60% for MSFT, compared to the sector medians of 6.47% and 6.98%, respectively.
Overall, analysts have deemed the stock a “Strong Buy” with a mean target price of $499.58, which denotes an upside potential of roughly 20% from current levels. Out of 39 analysts covering the stock, 35 have a “Strong Buy” rating, 3 have a “Moderate Buy” rating, and 1 has a “Hold” rating.
Oracle
Founded in 1977 and based out of Austin, Oracle NYSE:ORCL is a multinational computer technology corporation specializing in enterprise software, cloud computing systems, and computer hardware. The company's primary offerings are software licensing, cloud services, and hardware sales. ORCL currently commands a market cap of $380.5 billion.
Oracle's share price is up about 31.9% on a YTD basis, beating the broader equities market, and it also offers a dividend yield of 1.16%, backed by 9 years of consistent growth. With a modest payout ratio of just 28.73%, Oracle has scope to raise its dividends further in the years ahead.
However, Oracle's results for the latest quarter were not up to the mark, as its fiscal fourth-quarter revenue and earnings failed to surpass expectations. However, revenues increased by 3.3% from the prior year to $14.3 billion, with its cloud services business rising by 9.2% in the same period to $10.2 billion.
EPS dipped by 2.4% from the prior year to $1.63, missing the consensus estimate of $1.65. This was the first time in seven quarters that Oracle's EPS missed estimates.
Oracle generated net cash from operations of $18.7 billion in FY24, up from $17.2 billion in FY23, with a rise in free cash flow to $11.8 billion from $8.5 billion in the prior year. Overall, the company closed the quarter with a cash balance of $10.4 billion. Although this is much lower than its debt levels of $86 billion, most of its debt is more than five years out.
Currently, Oracle is innovating in AI by training models directly on customer data, within their infrastructure. This enhances privacy, security, and accuracy by eliminating the need to transfer sensitive information to the cloud. Its competitive advantage lies in the fact that its cloud area network is nimbler than its peers, leading to lesser costs for its customers. This has led to the “world's most successful and accomplished AI companies to use Oracle cloud services and data centers,” according to CEO Safra Catz.
Oracle has bagged some key customers, too, including a $10 billion cloud contract received from Elon Musk-led startup xAI. Reportedly, Musk wants to rent Oracle's cloud servers for several years. Oracle also recently formed a pact with data analytics company Palantir NYSE:PLTR to offer AI solutions to governments and businesses. Moreover, in early June, it signed an agreement with OpenAI, despite OpenAI's close relationship with Microsoft and its existing usage of Microsoft Azure, to provide additional cloud capacity.
Furthermore, Oracle has integrated generative AI features into their Fusion Cloud Applications Suite. This suite offers a comprehensive set of ERP, EPM, SCM, HCM, and Customer Experience tools built on the Oracle Cloud platform. The impact is evident, as Oracle has secured at least 40 new billion-dollar AI contracts that haven't yet been implemented, showcasing the value proposition of this approach.
Analysts are forecasting ORCL to deliver robust earnings growth going forward. On average, forward EPS growth is expected to be 21.29%, well above the sector median of 6.98%. ORCL is currently priced cheaper in terms of its projected earnings growth, although its earnings per share are not quite in the same league as $3 trillion giant Microsoft.
Overall, analysts have a rating of “Moderate Buy” for ORCL stock, with a mean target price of $149.64 - which denotes an upside potential of roughly 7.5% from current levels. Out of 29 analysts covering the stock, 17 have a “Strong Buy” rating and 12 have a “Hold” rating.
On the date of publication, Pathikrit Bose did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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barchart:58e9dcbe0094b:0 | NVDA | Should Nvidia Investors Be Worried About Supply Chain Issues Ahead of Earnings? | barchart | https://www.barchart.com/ | 2024-08-24T11:00:02+00:00 | https://www.tradingview.com/news/barchart:58e9dcbe0094b:0-should-nvidia-investors-be-worried-about-supply-chain-issues-ahead-of-earnings/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:AMD', 'base_logoid': 'advanced-micro-devices'}, {'symbol': 'NASDAQ:INTC', 'base_logoid': 'intel'}] | /news/barchart:58e9dcbe0094b:0-should-nvidia-investors-be-worried-about-supply-chain-issues-ahead-of-earnings/ | EN | As Nvidia NASDAQ:NVDA gears up to release its Q2 2025 earnings after the market closes this Wednesday, Aug. 28, investors are eager to see if the AI chip leader can keep its edge. The global artificial intelligence (AI) market is expected to hit $1.8 trillion by 2030, and Nvidia's performance is vi… | As Nvidia NASDAQ:NVDA gears up to release its Q2 2025 earnings after the market closes this , investors are eager to see if the AI chip leader can keep its edge. The global artificial intelligence (AI) market is expected to hit $1.8 trillion by 2030, and Nvidia's performance is viewed as a key bellwether for the sector, thanks to its dominant presence in AI infrastructure - including hyperscale data centers.
That's why reports of production issues with the company's Blackwell AI chips have sparked concerns ahead of earnings. While CEO Jensen Huang had previously projected this year, reports now indicate that Foxconn won't ramp production until the first quarter of calendar year 2025, and investors will certainly be on the earnings call.
However, brokerage firm Barclays said in a recent note that the delay hasn't really affected Nvidia's supply chain, with analyst Tom O'Malley adding that the Blackwell setback "seems like the normal cadence of a qualification cycle, not a material design flaw."
As the Q2 earnings report approaches, the big question is: Can Nvidia continue its streak of earnings dominance amid production hiccups and rising competition in the AI chip space? Let's dive into what to expect from the company's earnings and its strategic role in the fast-changing AI world.
Can NVDA Hit New Highs After Earnings?
Nvidia NASDAQ:NVDA, which is known for its groundbreaking work in GPUs, has grown into a full-fledged computing powerhouse. The company makes most of its money through its computing and networking segment, which covers AI and data center solutions, as well as its graphics segment.
As Nvidia heads into its upcoming earnings report, its financial health is rock-solid, thanks to its strong market position and asset-light business model. In the past year, its stock has skyrocketed by a whopping 173.2%, reflecting just how well it's performing in the AI and graphics processing markets.
NVDA set an all-time high of $140.76 in June, and the shares are down about 12% from that high. Analysts at Citi are among the bulls forecasting fresh highs for Nvidia stock after earnings.
In its Q1 earnings report, Nvidia reported record revenue of $26.04 billion for Q1 2025, up 18% from the previous quarter and a massive 262% from the year before. The data center segment alone brought in $22.6 billion, a jaw-dropping 472% increase from the previous year. This huge growth is mainly because Nvidia is crushing it in the AI world, where hyper-scalers like Microsoft NASDAQ:MSFT and Meta Platforms NASDAQ:META are snapping up its GPUs for data centers.
Since Nvidia is a designer and not a manufacturer of chips, its profits are looking great, too. Its gross margin went up to 78.4% in Q1 from 64.6% a year ago, showing that it's running more efficiently and has pricing power. The net income for the same period was $14.9 billion, a mind-blowing 628% increase from the previous year, proving that Nvidia can turn its revenue growth into serious profits.
These results are reflected in its valuations. Nvidia's forward P/E ratio is 46.55, way higher than the tech sector average of 23.23. But given Nvidia's explosive growth and ability to reflect its dominant AI market position directly in its bottom-line results, this premium valuation seems fair.
Income investors should note that NVDA plays it safe when it comes to dividends. The company recently bumped up its quarterly dividend by 150% to $0.10 per share, which now translates to $0.01 on a post-split basis. The modest dividend yield of 0.03% is fairly typical for tech giants, which often prefer to reinvest and buy back shares rather than pay out dividends. As Nvidia keeps innovating and executing its growth strategies, it's in a great position to maintain its market dominance and drive long-term value for investors.
Nvidia's Growth Engines
Nvidia's early bets on AI and its knack for constantly innovating have helped it stay ahead of the pack and cash in on the AI market's explosive growth. Notably, Nvidia views robotics as the next wave in AI, and they've been proactive in attempting to extend their dominance into this niche - which could end up being the secret sauce behind its next phase of growth.
Recently, Nvidia rolled out some major upgrades to the Universal Scene Description (OpenUSD) framework, making it easier for industries like robotics and engineering to adopt it. While creative industries have dominated generative AI so far, the company believes this platform can help usher in the “generative AI boom for heavy industries.”
On top of that, they launched the AI Foundry service, which puts Nvidia at the forefront of generative AI. This lets companies create “custom AI supermodels,” leveraging the latest open LLMs from Meta, that fit their specific needs like a glove.
This continued drive for innovation should help Nvidia fend off challenges from rivals like Advanced Micro Devices NASDAQ:AMD, which have so far attempted to compete with the AI chip market leader primarily on price.
What's the Analyst Forecast for NVDA?
Nvidia's own Q2 outlook is bullish, projecting revenue of $28.0 billion at the midpoint - up more than 100% year over year. If they hit this target, it would be another quarter of amazing growth. Nvidia also expects to keep its impressive profit margins, with GAAP and non-GAAP gross margins expected to be 74.8% and 75.5%, respectively, plus or minus 50 basis points.
Overall, analysts are overwhelmingly positive about Nvidia's prospects. Out of 39 analysts, the consensus is a resounding "strong buy." Breaking it down, 34 analysts say "strong buy," 2 suggest a "moderate buy," and only three recommend a “hold.”
Analysts have set an average price target of $141.65 for Nvidia's stock - about 9.6% higher than Friday's close, and slightly above that June high.
While analysts at KeyBanc and Raymond James have echoed the upbeat tone from Barclays around Blackwell delays, Dan Ives from Wedbush Securities thinks Nvidia's upcoming earnings report on Aug. 28 will be a pivotal moment for the tech industry.
He stresses that investors worldwide will be closely watching CEO Jensen Huang's insights on the huge demand for AI chips through 2025. Ives believes this will be another "drop the mic moment" for tech, highlighting Nvidia's central role in shaping the AI landscape.
However, amid these glowing reviews, it's worth pointing out that there are some potential challenges that could impact Nvidia's short-term performance. A sluggish PC market, economic uncertainty, trade tensions with China and geopolitical saber-rattling around Taiwan, and increasing competition from rivals like AMD - and even Intel NASDAQ:INTC - are all factors to watch. Despite these risks, Wall Street remains optimistic about Nvidia's prospects, focusing on its long-term potential in AI, high-performance computing, autonomous vehicles, and the metaverse.
Should You Be Worried About Nvidia's Supply Chain Ahead of Earnings?
All of that said, Nvidia investors shouldn't lose sleep over supply chain concerns ahead of earnings. Despite the Blackwell delays, channel checks from multiple analysts seem to confirm there's no critical impact to the upcoming results. Coupled with Nvidia's stellar financial performance, dominant market position in AI, and rock-solid balance sheet, the company seems well-positioned to weather any potential storms. While the stock's valuation might raise a few eyebrows, Nvidia's consistent ability to innovate and capitalize on the AI boom suggests it's still got plenty of gas in the tank for the long haul.
On the date of publication, Ebube Jones did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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tradingview:9d6bd2c74094b:0 | NVDA | Nvidia's Q2 Results Anticipated to Surpass Estimates | tradingview | https://www.tradingview.com/news/providers/tradingview/ | 2024-08-24T08:11:33+00:00 | https://www.tradingview.com/news/tradingview:9d6bd2c74094b:0-nvidia-s-q2-results-anticipated-to-surpass-estimates/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/tradingview:9d6bd2c74094b:0-nvidia-s-q2-results-anticipated-to-surpass-estimates/ | EN | Nvidia Corp, a leading technology company, is set to announce its latest quarterly results next week. The company's fiscal second-quarter results are expected to be driven by the continued demand for artificial intelligence-related hardware. The company is projected to report per-share earnings of… | Nvidia Corp, a leading technology company, is set to announce its latest quarterly results next week. The company's fiscal second-quarter results are expected to be driven by the continued demand for artificial intelligence-related hardware. The company is projected to report per-share earnings of $0.67 on revenue of $29.99 billion for the July quarter. This projection is higher than previously estimated by Wedbush Securities, which has also raised the price target on NVIDIA to $138 from $120, while maintaining an outperform rating.
The upcoming fiscal year for Nvidia is also a topic of interest, with analysts modeling about $150 billion in data-center revenue. The company's new chip, Blackwell, is reported to be facing slight shipment delays at the outset. However, there is assurance of a sampling timeline for Blackwell in the fall that could spur robust performance in the first half of calendar 2025 and onward.
Nvidia Corp. is scheduled to report fiscal second-quarter results after the Aug. 28 closing bell. The company has beat profit and sales expectations and provided upbeat guidance for the past six quarters. The stock (NVDA) has soared to record highs after previous earnings reports. The options market is pricing for a $12.58 move in Nvidia's stock the day after earnings.
The company is expected to report earnings of 65 cents per share on sales of $28.7 billion. The chip maker's guidance and management commentary on customers' investments in artificial-intelligence technology will be the most telling.
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benzinga:1658f9fb4094b:0 | MSFT | ChatGPT-Maker OpenAI Taps Former Meta Exec To Drive Strategy Amid Growing Exodus | benzinga | https://benzinga.com/ | 2024-08-24T07:03:12+00:00 | https://www.tradingview.com/news/benzinga:1658f9fb4094b:0-chatgpt-maker-openai-taps-former-meta-exec-to-drive-strategy-amid-growing-exodus/ | null | [{'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/benzinga:1658f9fb4094b:0-chatgpt-maker-openai-taps-former-meta-exec-to-drive-strategy-amid-growing-exodus/ | EN | After a series of high-profile employees left ChatGPT-parent OpenAI, the startup has onboarded former Meta Platforms, Inc. NASDAQ:META executive, Irina Kofman. What Happened: Kofman will be reporting directly to OpenAI CTO Mira Murati and will initially focus on safety and preparedness, reported Bl… | After a series of high-profile employees left ChatGPT-parent OpenAI, the startup has onboarded former Meta Platforms, Inc. NASDAQ:META executive, Irina Kofman.
What Happened: Kofman will be reporting directly to OpenAI CTO Mira Murati and will initially focus on safety and preparedness, reported Bloomberg, citing a company spokesperson.
According to Kofman's LinkedIn page, she has served as a senior director of product management for generative AI at Meta for five years.
See Also:
Earlier in June, OpenAI also added former Instagram and Twitter (now rebranded as X) executive Kevin Weil as chief product officer.
The startup has also onboarded former Nextdoor CEO Sarah Friar as chief financial officer, the report noted.
Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.
Why It Matters: Microsoft Corp.-backed NASDAQ:MSFT OpenAI has also seen . This includes one of OpenAI's co-founders John Schulman and researcher Jan Leike, who have joined Anthropic, a rival to OpenAI.
In May, OpenAI chief scientist Ilya Sutskever also announced his departure from the company after nearly a decade.
In August, another OpenAI co-founder Greg Brockman also announced that he is .
The AI startup has also been involved in a talent war with other tech companies. In April, Tesla and SpaceX CEO Elon Musk also said that OpenAI has been aggressively poaching engineers from his EV giant.
Check out more of Benzinga's Consumer Tech coverage by following this link.
Read Next:
Justin Bieber, Eminem, Drake, And Linus Tech Tips Had Their YouTube Accounts Hacked: The Streaming Giant Now Has A Solution – An AI ChatbotPhoto courtesy: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_DN20240823009207:0 | NVDA | Preview — Barron's | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-24T01:45:00+00:00 | https://www.tradingview.com/news/DJN_DN20240823009207:0-preview-barron-s/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240823009207:0-preview-barron-s/ | EN | Tuesday, 8/27S&P CoreLogic releases its Case-Shiller Home Price Indexes for June. In May, the national home price index reached a new high, rising 5.9% year over year. On Thursday, The National Association of Realtors releases its Pending Home Sales Index, a leading indicator of housing activity, f… | Tuesday, 8/27
S&P CoreLogic releases its Case-Shiller Home Price Indexes for June. In May, the national home price index reached a new high, rising 5.9% year over year. On Thursday, The National Association of Realtors releases its Pending Home Sales Index, a leading indicator of housing activity, for July. Economists forecast a 1.3% month-over-month increase for the index, following a 4.8% gain in June.
Wednesday, 8/28
Nvidia's reports quarterly results on Wednesday after the market close, probably moving the market, one way or the other. Wall Street expects the $3 trillion-market-cap company to report earnings of 65 cents per share on sales of $28.7 billion. The chip maker's guidance and management commentary on customers' investments in artificial-intelligence technology will be the most telling.
Friday, 8/30
The Bureau of Economic Analysis releases the personal consumption expenditures price index for July. Consensus estimate is for the index to increase 2.6% year over year, a tenth of a percentage point less than in June. The core PCE, which excludes volatile food and energy prices, is expected to rise 2.7%, also a tenth of a percentage point less than the previous month.
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DJN_DN20240823009182:0 | NVDA | A Value Maven's View of GM, IAC, And the Mag 7 — Barron's | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-24T01:30:00+00:00 | https://www.tradingview.com/news/DJN_DN20240823009182:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:CSCO', 'base_logoid': 'cisco'}, {'symbol': 'NYSE:GM', 'base_logoid': 'general-motors'}, {'symbol': 'NASDAQ:IAC', 'base_logoid': 'iac-interactivecorp'}] | /news/DJN_DN20240823009182:0/ | EN | Samantha McLemore of Patient Capital sees plenty of value in the Magnificent Seven, and in small-caps and energy shares. By Reshma KapadiaSamantha McLemore recently did something she hasn't done in a long time: She attended a value-investing conference.In the age of the Magnificent Seven — a group… | Samantha McLemore of Patient Capital sees plenty of value in the Magnificent Seven, and in small-caps and energy shares. By Reshma Kapadia
Samantha McLemore recently did something she hasn't done in a long time: She attended a value-investing conference.
In the age of the Magnificent Seven — a group of high-price technology stocks that has propelled the stock market to new heights — value-investing gatherings, and value investors, have become harder to find. Yet McLemore, the founder and chief investment officer of Patient Capital Management, remains a member of that club, with a penchant for undervalued and unloved stocks that deserve more attention.
McLemore began her investing career in 2002 working for the legendary value investor Bill Miller. Over time, the pair refined their approach to focus on classically cheap stocks and "quality compounders" — companies whose growth prospects were underappreciated by the market. McLemore and Miller co-managed the Miller Value Partners Opportunity Equity strategy for many years, until she bought the strategy last year and renamed it Patient Opportunity Trust (ticker: LGOAX).
The strategy has returned an average annual 10% in the past five years, lagging behind peers as the market charged higher. But the fund's 30% return in the past 12 months has beaten 95% of its peer group, according to Morningstar. Barron's spoke with McLemore before the market's steep selloff in early August, and again on Aug. 20, about why she likes Nvidia, General Motors, and energy stocks, and where she thinks Bitcoin is headed. An edited version of the conversations follows.
Barron's: Is the bull market, especially the bull market in megacap tech stocks, over?
Samantha McLemore: For context, markets rise 70% of the time. We are still in a bull market, possibly the later stages of one . If we don't have a recession, where small-cap stocks are sitting now doesn't make sense. As the Federal Reserve cuts interest rates, smaller companies will do better and the market will broaden out. But I don't think technology stocks will go down.
Some of the Magnificent Seven stocks are among the best companies that ever existed if you look at their dominance, competitive advantages, free-cash-flow margins, and return on capital. Alphabet, for example, is trading at a discount to the market multiple after its latest quarterly earnings. That's astounding because it's a great company with great comparative advantages.
What makes you confident that the artificial-intelligence boom isn't a repeat of the late-1990s dot-com bubble — and that Nvidia isn't this cycle's Cisco Systems?
We bought Nvidia when it was trading around 25 times earnings and everyone was worried about the sustainability of earnings and an earnings cliff, likening it to Cisco after the infrastructure buildout of the late 1990s. At the end of the second quarter, Nvidia was trading at 47 times earnings. Cisco peaked at 150 times earnings — and that's not to say Nvidia will get there.
Whether Nvidia can continue to grow its earnings power will [determine the trajectory of the stock]. I don't see much risk in the short term: Meta Platforms, Microsoft, and Alphabet are talking about continuing to grow capital spending next year as the AI data-center buildout continues. Shortages of GPUs [graphics processing units] will continue, especially with the launch of Nvidia's new Blackwell chip later this year.
What will be a signal to sell Nvidia?
It is more valuation-based. We are always looking at scenarios. Nvidia has been crushing every quarter for a year. CEOs want to make the decision to invest more [in AI] rather than getting caught behind. I don't see it ending soon.
We focus on how quickly the company can grow over the long term. We aren't assuming Nvidia sustains [current] operating profit margins of 65%, but rather, low-40% Microsoft-like margins. [CEO] Jensen Huang's vision is to create the platform for accelerated computing, the future of computing. Nvidia has hardware and software elements with a developer base, which should help the durability of its competitive advantage. If it earns 10% a year, it would beat the market. But it's going to be lumpy.
Nvidia is at the forefront of the AI revolution and is capturing most of the profit pool in AI, as of now. In the short term, there are still a lot of fundamental tailwinds in technology and AI. We have to see how it plays out, but everyone is looking for those names.
Which stocks or sectors have been overlooked?
Look at General Motors, trading at four times earnings with a midteens return on capital. Paul Jacobsen, the chief financial officer, was at Delta Air Lines as CFO. He is supercreative and started buying back stock aggressively.
People are worried about the sustainability of the internal-combustion-engine business, but it is still growing. And GM is shrinking shares outstanding by about 17% since the second quarter of 2023. If GM continues to shrink its shares at this pace for the next five years, shares outstanding would decline by 63% and earnings-per-share growth would be 22% higher even if net income is flat.
Where else are you finding opportunities?
Small-cap companies are much more sensitive to rate cuts than large-caps, as they have more floating-rate debt. Thus, they have done worse than large-caps, and expectations are much lower. A lot of the companies trade together, but some have resilient business models with a lot of potential.
We have been adding to IAC. The stock is down 25% since July 2023, despite the massive improvement in the business. IAC is run by some of the world's best capital allocators, Barry Diller and Joey Levin, who have a great long-term record of compounding capital and doing deals that add value.
When you value IAC's 20% stake in MGM Resorts International and [home-improvement resource] Angi, plus cash on the balance sheet, you get a stock price that is a bit higher than the current price [at $51]. But you are getting a lot other businesses — including Dotdash Meredith and Care.com — effectively for free. The stock gets a 20% conglomerate discount. We value all the pieces at about $90 a share.
What is the market missing about IAC?
IAC is beating expectations, but smaller companies are just out of favor and it's a complicated business. IAC bought Meredith, with brands like People and Better Homes & Gardens, at the peak in 2021. They didn't appropriately appreciate where we were in that market cycle, and that it will take time for [the market] to get confidence in the trends in the business. But in the past year, we saw improvements: Dotdash Meredith reached operating profitability in the most recent quarter, and the digital piece of the business is growing at a low-double digit pace.
You own several travel stocks. Are you concerned about consumers pulling back on spending?
We have been [experiencing] the biggest boom in travel ever, but in many instances, the stocks haven't reflected that. Since 2022, people have been concerned that the strength is on the verge of ending. Yet, [travel demand] remains strong. We see the consumer starting to weaken but expect that people will continue to prioritize travel, with most travel companies still seeing strong demand. Supply has grown among airlines, depressing prices. We own Delta Air Lines and United Airlines Holdings, which earn the majority of the industry's profits. It's a better business than the market thinks: Low-cost players are losing money so they will have to cut back — and Delta and United will benefit.
What is the case for Norwegian Cruise Line Holdings?
Norwegian beat earnings expectations on every metric and raised full-year guidance, but the stock fell because the company didn't mention "record booked positions" as it had in every quarter until the latest one. This time, Norwegian said it had "very strong bookings" and saw no weakening in demand into 2025. But the market is extremely sensitive to any sense of deterioration — and the company's debt load also makes it vulnerable on weaker days for the market.
Why aren't you as worried about the debt?
Norwegian is targeting a multiple of four times debt to Ebitda [earnings before interest, taxes, depreciation, and amortization] by 2026 and hit its deleveraging goal for the year by the second quarter. It has the capacity to fully withstand a normal recession.
What other beaten-up parts of the market are drawing you in?
Healthcare has been under pressure until recently. We have added to stocks such as Biogen, Illumina, Royalty Pharma, and CVS Health, many of which are less economically sensitive in the event of a recession.
You have also warmed to energy stocks. Why?
Companies are much more disciplined in their spending, earning good returns on capital and generating significant free cash flow, which they historically hadn't.
We are looking for companies mispriced based on where the long-term futures curve for crude is [about mid-$60s for West Texas Intermediate]. Kosmos, a deepwater exploration-and-production company with assets mostly off the coast of Africa and in the Gulf of Mexico, is mispriced at even levels below that.
Kosmos has been on a development splurge, with many of the assets going on-line in the second half of this year. Into next year, capital spending will come down, production will go up, and free cash flow will increase significantly, allowing the company to pay down debt and buy back stock. Many liquefied-natural-gas assets are coming on-line, so this is low-carbon energy with a long reserve life of 20 years. That makes Kosmos an attractive acquisition target. Shares trade around five times earnings. The company is worth 10 to 12 times earnings.
What investment risk is at the top of your list? Geopolitics. We could have a recession, and markets wouldn't do well. But there are plenty of examples through history, and losses are contained. Some scenarios are far more dire when we think about geopolitical risks with China and nuclear weapons.
How do you deal with these risks?
We entered into some agreements that let us hedge certain risks with derivatives such as credit default swaps to lay the groundwork if we think it becomes more important to do something [on that front].
What is your view of Bitcoin, given its volatile history?
[Crypto exchange] Coinbase Global weighed on our returns in 2021 to 2022 as Bitcoin suffered but has been one of our biggest contributors over the past year. I still think of Bitcoin as digital gold. Exchange-traded funds were a big step forward in broadening acceptance, and more companies, although still a small group, are talking about putting Bitcoin on their balance sheets.
There is also a lot of talk about currency debasement, fiscal deficits, and the demand for some way to preserve value. Gold has historically been the top choice, but there are benefits to a digital asset. If Bitcoin is increasingly seen as akin to digital gold, Bitcoin could get to values 10 times the current price. The younger generation is also much more enthusiastic about Bitcoin and crypto. [Former President Donald] Trump appealing to that group increases the likelihood that we will see more movement [in Bitcoin as a digital asset], even if he isn't elected president.
Didn't Bitcoin's wild ride poke holes in the idea of it being gold-like?
No. We are in the very early-stage version of gold. We always knew it would be volatile. But volatility has come down, with each drawdown less than the prior one. To get broad adoption and central-bank usage, we need to see volatility episodes continue to decline over time.
Thanks, Samantha.
Write to Reshma Kapadia at reshma.kapadia@barrons.com
To subscribe to Barron's, visit http://www.barrons.com/subscribe
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DJN_DN20240823009185:0 | 7203 | Funds: A Corporate Bond Fund That Is Low Risk and High Reward — Barron's | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-24T01:30:00+00:00 | https://www.tradingview.com/news/DJN_DN20240823009185:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NYSE:BLK', 'base_logoid': 'blackrock'}, {'symbol': 'NASDAQ:CG', 'base_logoid': 'the-carlyle-group'}, {'symbol': 'TSE:7203', 'base_logoid': 'toyota'}, {'symbol': 'NYSE:BRK.A', 'base_logoid': 'berkshire-hathaway'}] | /news/DJN_DN20240823009185:0/ | EN | By Lewis BrahamBefore they invest any money in a collateralized loan obligation, managers Jeffery Elswick and Tim Tucker of Frost Credit want to see if there's any "skin in the game."That means insider ownership by the CLO's issuers, so they're taking on more credit risk than Frost Credit. "You hav… | By Lewis Braham
Before they invest any money in a collateralized loan obligation, managers Jeffery Elswick and Tim Tucker of Frost Credit want to see if there's any "skin in the game."
That means insider ownership by the CLO's issuers, so they're taking on more credit risk than Frost Credit. "You have to make sure the issuers have skin in the game, so they lose a dollar before we lose a dollar," Elswick says.
Much like collateralized mortgage debt, which proved disastrous in the 2008-2009 crash, CLOs are bundles of loans, albeit corporate instead of mortgage ones that are issued by large institutional money managers such as Carlyle Group or Golub Capital. As diverse credit pools, they can be opaque and difficult to analyze.
Requiring that issuers who manage these loan portfolios invest their own money in the CLO reduces the chance that the issuer is simply unloading all their loans' risks onto outside investors, as they did during the mortgage crisis. Moreover, requiring that issuers own subordinate, lower-credit-quality portions of the CLO's loan portfolio ensures the issuers will face losses first in the event of defaults in that portfolio.
Frost Credit is one of the few bond funds to take full advantage of CLOs in this risk-conscious manner, and it's paid off. In the past five years, it's beaten 91% of its peers in Morningstar's Multisector Bond fund category with a 4.3% annualized return versus the category's 2.5%. In the past 10 years, it's beaten 97%. The $332 million fund's 0.98% expense ratio is higher than its category peers' 0.81% average, but its specialized nature and superior performance justify that fee.
Because CLOs generally hold floating-rate loans that increase their payouts as interest rates rise, the fund lost less than its peers during 2022's bond crash: down 7.8% versus the average category fund's 9.9% loss, and the broad bond market's 13% decline. As rates spiked, the fund's CLO weighting got as high as 26.5% by the end of 2022. (Regular bond prices move inversely with rates.)
More recently, the team has brought the fund's CLO weighting down to 16%, as rate increases are most likely over. Elswick and Tucker have also gradually upgraded the credit quality of the entire portfolio, cutting the fund's below-investment-grade or high-yield debt exposure in half, from 34% on June 30 of 2023 to 17% on June 30, 2024.
Meanwhile, higher-quality investment grade debt went from 60% to 76% during the same period. The CLO issues they hold now have credit ratings ranging between AA and BBB, Elswick says, but still typically yield in the 7% to 8% range, generally higher than comparable high yield bonds with lower credit qualities.
One recent purchase is a CLO issue called Magnetite, which has an issued coupon rate of 7.3% and is run by BlackRock, one of the world's largest and most respected money managers.
"Magnetite's a little bit on the expensive side, but they've done a phenomenal job managing their CLOs over the years," Tucker says.
Making such dramatic portfolio shifts can be tricky, but both Elswick and Tucker have decades of experience, and have long specialized in what is called "securitized credit," bundled debt such as CLOs.
In fact, before joining Frost Investment Advisors in 2011, Tucker was a director at THL Credit, the credit affiliate of a private-equity firm where he was responsible for sourcing, structuring, underwriting, and monitoring leveraged loans and high yield bonds. So, he has a former insider's view of securitized credit.
In addition to CLOs, Frost Credit currently has a 14.5% weighting in asset backed securities or ABS, bundles of, mainly, auto loans. Here again the team generally requires issuers have skin in the game.
While they have owned positions in subprime auto-loan ABS in the past, lately they've been cutting back on those as their concerns about an economic slowdown in which borrowers default grow. They have been buying prime auto ABS issued by car maker Toyota Motor.
"Toyota is nice and boring, right?" Elswick says. "You're not going to make a home run by any stretch, but they're essentially safer credits."
On the subprime side, Tucker and Elswick still like ABS issues of Tricolor Auto Securitization, which specializes in subprime loans to the Hispanic population in Texas. "We're getting paid very well for the risk we're taking," Tucker says. "And we did a ton of work on the manager. The founder [Daniel Chu] owns 35% of the business. It's risky, but it's his baby and we like how [Tricolor] really does true credit work on the [loans in its ABS portfolio]."
While credit quality can be a risk with ABS, interest-rate sensitivity tends to be less as fixed-rate auto loan maturities tend to be short-term, often two to four years. (Longer duration bonds are more rate sensitive.) This debt maturity range on the yield curve Tucker and Elswick favor currently as the curve is inverted now with long-term debt yielding less than short-term debt.
"We're nervous on the long end of the curve, 10 years, 20 years, 30-year bonds, because of what's going on with the federal government and the supply of Treasury securities," Tucker says. "But as it relates to the two-to-four year part of the curve, we think that part of the U.S. bond market is going to outperform."
As the Fed cuts rates, the shorter-end of the inverted yield curve should benefit more than the long where rates are already low.
Still, now that the rate hikes are over, all bonds should benefit from cuts, so the team has gradually increased its exposure to more traditional longer-maturity debt that is more rate-sensitive.
The fund also holds conventional high quality corporate bonds like that of train company and Berkshire Hathaway subsidiary Burlington Northern Santa Fe. "Burlington Northern is an example where we wanted to increase our allocation to investment grade rated corporates on the longer end of the [yield] curve," Elswick says.
That said, it is the managers' expertise in CLOs and ABS debt that really differentiates this fund.
Email: editors@barrons.com
To subscribe to Barron's, visit http://www.barrons.com/subscribe
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tag:reuters.com,2024:newsml_L4N3KA1G5:0 | MSFT | オープンＡＩ、戦略的イニシアチブの責任者に元Meta幹部のイリーナ・コフマン氏を起用- Bloomberg News | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T22:04:17+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3KA1G5:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3KA1G5:0/ | JA | — ソースリンク https://tinyurl.com/ycyvjtmb — 注：ロイターはこの記事を検証しておらず、その正確性を保証するものではない。 | — ソースリンク https://tinyurl.com/ycyvjtmb
— 注：ロイターはこの記事を検証しておらず、その正確性を保証するものではない。
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tag:reuters.com,2024:newsml_L4N3KA1G3:0 | MSFT | OpenAI taps former Meta executive Irina Kofman to head strategic initiatives- Bloomberg News | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T22:04:15+00:00 | https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3KA1G3:0-openai-taps-former-meta-executive-irina-kofman-to-head-strategic-initiatives-bloomberg-news/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/reuters.com,2024:newsml_L4N3KA1G3:0-openai-taps-former-meta-executive-irina-kofman-to-head-strategic-initiatives-bloomberg-news/ | EN | -- Source link: https://tinyurl.com/ycyvjtmb-- Note: Reuters has not verified this story and does not vouch for its accuracy | -- Source link: https://tinyurl.com/ycyvjtmb
-- Note: Reuters has not verified this story and does not vouch for its accuracy
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DJN_SN20240823009752:0 | NVDA | Can Nvidia's stock hit a high after earnings? Options market says it's unlikely. | market-watch | https://www.tradingview.com/news/providers/market-watch/ | 2024-08-23T20:42:00+00:00 | https://www.tradingview.com/news/DJN_SN20240823009752:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_SN20240823009752:0/ | EN | By Tomi KilgoreStock-option 'straddles' aren't priced for blowout earnings, but they do skew toward the upsideInvestors may have high hopes that Nvidia Corp. will again report strong earnings that propel its stock to record highs, but the options market appears to be saying, not so fast.The semicon… | By Tomi Kilgore
Stock-option 'straddles' aren't priced for blowout earnings, but they do skew toward the upside
Investors may have high hopes that Nvidia Corp. will again report strong earnings that propel its stock to record highs, but the options market appears to be saying, not so fast.
The semiconductor company and proxy for the artificial-intelligence boom is scheduled to report fiscal second-quarter results after the Aug. 28 closing bell.
The company has beat profit and sales expectations and provided upbeat guidance for the past six quarters, according to Bespoke Investment Group.
And more recently, the stock (NVDA) soared 9.3% to close at a record high the day after first-quarter results were reported. It also soared 16.4% to a record the day after the fourth-quarter report.
Based on current prices, with the stock surging 4.5% to close Friday at $129.28, it would only take a further increase of a little less than 5% to close above the June 18 record close of $135.58.
Read: As Nvidia earnings approach, this is the 'wildcard'
Also read: Nvidia's earnings could be noisy, but these bulls are still upbeat on the stock
Meanwhile, the pricing of an options strategy known as a "straddle" suggests a three-peat might look like a good bet. But if you looked a little closer at how the straddles are priced, you'd see that the odds of a post-earnings record were actually pretty low.
Straddles are bets on the absolute value of a stock's move after an event, meaning they are not directional. Basically, they're not unlike an over-under bet on total points scored in a football game.
According to data provided by Matt Amberson, principal at Option Research & Technology Services, straddles are priced for a $12.58 move in Nvidia's stock the day after earnings, which represents a 9.7% move at Friday's closing price.
The average post-earnings move over the past 12 quarters is $10.01, which represents a 10.5% move based on the stock price just before the first-quarter report.
Based on Friday's closing price, a buyer of a straddle would start making money if Nvidia's stock rose above $141.86 or fell below $116.70.
But keep in mind that the options market is basically like Las Vegas oddsmakers, as it uses recent and expected volatility, time until a specific event and demand to gauge how much investors may be willing to pay for a specific scenario.
And like the house in Vegas, the options market usually wins.
Susquehanna analyst Christopher Jacobson noted that the implied move of a straddle is the weighted average of all the potential moves based on different parameters.
For example, a recent drill-down into the recent pricing of more specific scenarios had put the probability of Nvidia's stock rising after earnings to $135 - or just below the record high - at 25%, and the probability of its reaching $137.50 at 22%. (The spot price used for Jacobson's analysis was near Thursday's close.)
To get to $142.50, which would mean buyers of straddles at current prices would be making money, the options market had put that probability at 16%.
Straddles aren't meant to be directional, but there is something called "skew" in the options market, in which a bullish or bearish option may be a little more expensive than its respective opposite bet with the same parameters, based on demand.
Susquehanna analyst Christopher Jacobson said that with Nvidia's options, "the skew continues to appear to be more to the upside."
He said options had placed about an 8% chance of a selloff of 19% or more after the earnings report, compared with about an 11% chance of a rally of 19% or more.
-Tomi Kilgore
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
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barchart:70c892a15094b:0 | NVDA | Goldman Sachs Makes a Bold Call on Nvidia Stock Ahead of Earnings | barchart | https://www.barchart.com/ | 2024-08-23T17:48:37+00:00 | https://www.tradingview.com/news/barchart:70c892a15094b:0-goldman-sachs-makes-a-bold-call-on-nvidia-stock-ahead-of-earnings/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:GS', 'base_logoid': 'golden-sachs-etf-trust-goldman'}, {'symbol': 'NASDAQ:SOXX', 'base_logoid': 'ishares'}, {'symbol': 'NYSE:BAC', 'base_logoid': 'bank-of-america'}] | /news/barchart:70c892a15094b:0-goldman-sachs-makes-a-bold-call-on-nvidia-stock-ahead-of-earnings/ | EN | Nvidia Corporation NASDAQ:NVDA, the Silicon Valley sensation that began as a gaming chip maker in 1993, has transformed into the crown jewel of the artificial intelligence (AI) revolution. Once known for GPUs that powered gaming, Nvidia reimagined the potential of its technology, catapulting itself… | Nvidia Corporation NASDAQ:NVDA, the Silicon Valley sensation that began as a gaming chip maker in 1993, has transformed into the crown jewel of the revolution. Once known for GPUs that powered gaming, Nvidia reimagined the potential of its technology, catapulting itself to the forefront of AI in the process.
Nvidia’s journey to a $3 trillion tech titan has been fueled by a streak of blockbuster earnings reports, with big positive surprises becoming the norm. With the company scheduled to report its fiscal Q2 earnings on Aug. 28, the question among some bulls seems to be not whether NVDA stock will beat estimates, but by how much.
Goldman Sachs NYSE:GS strategist Scott Rubner, who previously nailed the short-term market top in July, made headlines last week when he called NVDA the "most important stock" of the year, advising investors to “buy the dip” ahead of what he expects will be an earnings report significant enough to spark a market-wide rally.
Separately, Toshiya Hari recently backed a “Buy” rating on NVDA and reiterated a $135 price target on the stock ahead of earnings.
Although the has attracted quite a bit of bullish brokerage attention heading into its quarterly results, the shares are still down about 12% from their June highs. So, is now the time to snap up NVDA on the dip? Let’s find out.
About Nvidia Stock
Santa Clara-based Nvidia Corporation NASDAQ:NVDA reigns supreme in the semiconductor world, boasting a staggering $3.04 trillion market cap. Known for its blazing-fast GPUs that power gaming, data centers, and automotive tech, Nvidia continues to push boundaries.
With Project Groot for robots, an upgraded Isaac platform, and Jetson Thor, Nvidia is also flexing its AI and robotics muscles - but with a 95% market share in AI chips and data center GPUs, Nvidia remains the undisputed leader in this market.
NVDA stock was soaring above $1,000 before implementing a 10-for-1 stock split in June, largely to keep its shares accessible to retail investors. The chip stock has rallied an impressive 156.5% on a YTD basis and 22.4% over the past three months – crushing the S&P 500 Index’s ($SPX) returns over the same time frame, as well as the iShares Semiconductor ETF NASDAQ:SOXX.
Nvidia rewarded its shareholders with $7.8 billion in Q1 2025 through repurchases and dividends. With an 11-year streak of dividend payouts, the chip titan raised its dividend by 150%, paying out $0.10 per share to its shareholders on June 28. With its annualized dividend of $0.04 per share translating to a modest 0.03% forward dividend yield, Nvidia's 0.94% payout ratio reflects its primary focus on growth.
In terms of valuation, Nvidia stock trades at 50.11 times forward earnings - higher than the sector median of 23.75x, reflecting its powerhouse status. However, its price/earnings to growth (PEG) ratio of 1.33x is not only lower than the sector median of 1.94x, but also its historical average of 2.10x. This suggests that NVDA is still fairly priced, based on its projected earnings growth.
Nvidia’s Q1 Earnings Surge Past Wall Street’s Projections
Nvidia dazzled Wall Street in Q1 2025, continuing its streak of shattering expectations. The company’s revenue skyrocketed 262% annually to $26 billion and topped estimates by 6%, with the well-received report sending the shares up by 9.3% on May 23. Non-GAAP EPS soared 461.5% to $0.61, which also surpassed projections.
Nvidia’s AI-driven data center business surged 427% to $22.6 billion, fueled by strong demand for Hopper graphics processors, including the H100 GPU. Plus, net cash from operations hit $15.34 billion, a dramatic leap from $2.91 billion in the year-ago quarter. Nvidia closed the quarter with a $31.44 billion cash reserve, comfortably outpacing its debt.
For its upcoming fiscal Q2 report, scheduled for Aug. 28 after the market closes, the company expects $28 billion in revenue, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 74.8% and 75.5%, respectively, plus or minus 50 basis points.
Analysts following the stock are targeting Q2 EPS of $0.59, up 136% year over year, and the consensus Wall Street revenue forecast of $28.67 billion now hovers just above the midpoint of management’s own guidance.
What Do Analysts Expect for Nvidia Stock?
Goldman Sachs isn’t the only big brokerage name to weigh in bullishly on Nvidia ahead of earnings. Bank of America’s NYSE:BAC Vivek Arya named Nvidia as a top “rebound” stock after its brief dip into bear market territory, and said that concerns about a slowdown in AI spending are overblown.
“Enterprise and sovereign AI adoption has yet to start in a big way,” wrote Arya in a note to clients, and added that Nvidia’s “flagship Blackwell AI product, best suited for AI, has not even started to ship yet.”
Analysts remain overwhelmingly upbeat about Nvidia, as the stock has a consensus “Strong Buy” rating overall. Out of the 39 analysts in coverage, 34 recommend a “Strong Buy,” two advise a “Moderate Buy,” and three analysts maintain a “Hold” rating.
The mean price target of $141.65 suggests an upside potential of 10.5% from the current price levels. The Street-high target price of $200 for Nvidia implies the stock could rally as much as 56.1%.
On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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benzinga:e0b87ae2c094b:0 | QQQ | Russell 2000 Outshines S&P 500, Nasdaq 100 As Powell Eyes Rate Cuts; Dollar Sinks, Regional Banks Rocket: What's Driving Markets Friday? | benzinga | https://benzinga.com/ | 2024-08-23T17:42:55+00:00 | https://www.tradingview.com/news/benzinga:e0b87ae2c094b:0-russell-2000-outshines-s-p-500-nasdaq-100-as-powell-eyes-rate-cuts-dollar-sinks-regional-banks-rocket-what-s-driving-markets-friday/ | null | [{'symbol': 'AMEX:KRE', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:DIA', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:IWM', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:XLRE', 'base_logoid': 'sector/real-estate'}, {'symbol': 'AMEX:XLP', 'base_logoid': 'sector/consumer-staples'}, {'symbol': 'NYSE:CAVA', 'base_logoid': 'cava'}, {'symbol': 'NYSE:BILL', 'base_logoid': 'bill-com'}, {'symbol': 'NYSE:BKE', 'base_logoid': 'buckle'}, {'symbol': 'NASDAQ:ROST', 'base_logoid': 'ross-stores'}, {'symbol': 'NYSE:UI', 'base_logoid': 'ubiquiti-networks'}, {'symbol': 'NASDAQ:WDAY', 'base_logoid': 'workday'}, {'symbol': 'NASDAQ:ROKU', 'base_logoid': 'roku'}, {'symbol': 'NASDAQ:RDFN', 'base_logoid': 'redfin'}, {'symbol': 'NASDAQ:EGBN', 'base_logoid': 'eagle-bancorp'}, {'symbol': 'NYSE:UCB', 'base_logoid': 'united-community-banks-georgia'}, {'symbol': 'NASDAQ:VLY', 'base_logoid': 'valley-national-bancorp'}] | /news/benzinga:e0b87ae2c094b:0-russell-2000-outshines-s-p-500-nasdaq-100-as-powell-eyes-rate-cuts-dollar-sinks-regional-banks-rocket-what-s-driving-markets-friday/ | EN | Federal Reserve Chairman Jerome Powell has dispelled any remaining uncertainty by signaling that the central bank is preparing to shift its monetary policy, effectively paving the way for imminent interest rate cuts. His remarks triggered a rally in rate-sensitive assets and pushed the dollar towar… | Federal Reserve Chairman Jerome Powell has dispelled any remaining uncertainty by signaling that the central bank is preparing to shift its monetary policy, effectively paving the way for
His remarks triggered a rally in rate-sensitive assets and pushed the dollar towards the lowest close since July 2023.
“The time has come for policy to adjust. The direction of travel is clear,” Powell announced at theon Friday in Wyoming.
Powell expressed increased confidence in inflation returning to the 2% target and highlighted a heightened focus on the labor market, noting that conditions are cooling.
The market found significant support in Powell’s indication the Federal Reserve has “ample room” to respond to any emerging risks.
Small-cap stocks following Powell’s speech on Friday, with the Russell 2000 index surging by 3% by midday trading in New York. Traders flocked to these companies, anticipating significant relief from the prospect of lower borrowing costs.
Regional banks, as tracked by the SPDR S&P Regional Banking AMEX:KRE, were the brightest market spot, with the industry gauge rallying over 4.5%. All of its 141 constituents showed a positive performance.
In contrast, large-cap indices maintained their gains from the market open, showing only little reaction to Powell’s remarks.
In the forex market, the dollar extended its decline, falling by 0.7% and heading toward its fifth negative weekly close with the sharpest decline since mid-November 2023. The decline in Treasury yields weighed on the greenback.
Commodities rallied, with gold up over 1.1% setting fresh all-time highs, and silver soaring 2.5%. Crude oil also surged, up 2.4%, while copper gained 1.7%.
Bitcoin rose 2.25% to $61,863.
Friday’s Performance In Major U.S. Indices, ETFs
Major IndicesPrice1-day %chgRussell 20002,214.913.0%Nasdaq 10019,605.240.6%Dow Jones40,948.960.6%S&P 5005,602.010.6%According to Benzinga Pro data:
The SPDR S&P 500 ETF Trust AMEX:SPY was 0.5% higher to $559.11.The SPDR Dow Jones Industrial Average AMEX:DIA rose 0.6% to $409.93.The tech-heavy Invesco QQQ Trust Series NASDAQ:QQQ rose 0.5% to $477.32.The iShares Russell 2000 ETF AMEX:IWM rallied 3% to $220.06.The Real Estate Select Sector SPDR Fund AMEX:XLRE outperformed, by 1.6%. The Consumer Staples Select Sector SPDR Fund AMEX:XLP lagged, down by 0.2%.Friday’s Stock Movers
Restaurant chain Cava Group Inc. NYSE:CAVA rallied 23%, after upbeat financial results last quarter.Other stocks reacting to earnings were BILL Holdings, Inc. NYSE:BILL down over 5%; Buckle, Inc. NYSE:BKE up 6.9%; Ross Stores, Inc. NASDAQ:ROST up 1.3%; Ubiquiti Inc. NYSE:UI up 5.9 and Workday, Inc. NASDAQ:WDAY, up over 11%.Roku Inc. NASDAQ:ROKU rallied over 12% after Guggenheim upgraded the stock from Neutral to Buy. Mortgage-sensitive Redfin Corp. NASDAQ:RDFN rallied over 20%. Within regional banks, Eagle Bancorp, Inc. NASDAQ:EGBN, United Community Banks Inc. NYSE:UCB and Valley National Bancorp NASDAQ:VLY were the strongest performers, up 10.5%, 9.6% and 8.5%, respectively. Read More:
• Powell Removes ‘Any Uncertainty’ Around September Rate Cuts In Jackson Hole Speech: Economists
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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DJN_DN20240823006801:0 | NVDA | Nvidia Is Maintained at Outperform by Wedbush | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-23T16:45:00+00:00 | https://www.tradingview.com/news/DJN_DN20240823006801:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240823006801:0/ | EN | (16:45 GMT) Nvidia Price Target Raised to $138.00/Share From $120.00 by Wedbush | (16:45 GMT) Nvidia Price Target Raised to $138.00/Share From $120.00 by Wedbush
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urn:newsml:mtnewswires.com:20240823:A3210516:0 | NVDA | Update: Wedbush Raises Price Target on NVIDIA to $138 From $120 Ahead of Fiscal Q2 Results, Maintains Outperform Rating | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T15:26:42+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240823:A3210516:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240823:A3210516:0/ | EN | (Updates with the analyst's commentary.)Wedbush raised NVIDIA's NASDAQ:NVDA price target to $138 from $120 ahead of fiscal Q2 earnings while maintaining its outperform rating. Demand for the company's Hopper technology "remains strong minimizing the impact of any shift in Blackwell timing on near-t… | (Updates with the analyst's commentary.)
Wedbush raised NVIDIA's NASDAQ:NVDA price target to $138 from $120 ahead of fiscal Q2 earnings while maintaining its outperform rating.
Demand for the company's Hopper technology "remains strong minimizing the impact of any shift in Blackwell timing on near-term results," analyst Matt Bryson wrote in a Friday note.
Wedbush also said its "conversations with memory vendors" suggest no slowdown for artificial intelligence-related demand.
The brokerage said its conversations also "consistently indicated Blackwell's ramp will be more of a 2025 phenomena," and thereby limit the impact from delays on NVIDIA's fiscal 2025 results.
NVIDIA has an average rating of buy and price targets ranging from $90 to $200, according to analysts polled by Capital IQ.
The firm's shares rose 4% in recent trading.
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tag:reuters.com,2024:newsml_L4N3KA14G:0 | MSFT | マイクロソフト、クラウドストライクによるIT障害後にサイバーセキュリティサミット開催へ | reuters | https://www.tradingview.com/news/providers/reuters/ | 2024-08-23T15:23:43+00:00 | https://ja.tradingview.com/news/reuters.com,2024:newsml_L4N3KA14G:0/ | Copyright Thomson Reuters 2024. Click For Restrictions - https://agency.reuters.com/en/copyright.html | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:CRWD', 'base_logoid': 'crowdstrike'}] | /news/reuters.com,2024:newsml_L4N3KA14G:0/ | JA | マイクロソフト NASDAQ:MSFTは金曜日に、先月クラウドストライク NASDAQ:CRWDの欠陥アップデートにより世界的なIT障害（(link)）が発生したことを受け、サイバーセキュリティシステムの改善に関するサミットを9月に開催すると発表した。 | マイクロソフト NASDAQ:MSFTは金曜日に、先月クラウドストライク NASDAQ:CRWDの欠陥アップデートにより世界的なIT障害（(link)）が発生したことを受け、サイバーセキュリティシステムの改善に関するサミットを9月に開催すると発表した。
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benzinga:8d3f88930094b:0 | QQQ | Powell Jackson Hole Hopium Is At Hand, Nvidia Hopium Is Ahead, Carry Trade Risk | benzinga | https://benzinga.com/ | 2024-08-23T15:16:51+00:00 | https://www.tradingview.com/news/benzinga:8d3f88930094b:0-powell-jackson-hole-hopium-is-at-hand-nvidia-hopium-is-ahead-carry-trade-risk/ | null | [{'symbol': 'AMEX:SPY', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NASDAQ:AAPL', 'base_logoid': 'apple'}, {'symbol': 'NASDAQ:AMZN', 'base_logoid': 'amazon'}, {'symbol': 'NASDAQ:GOOG', 'base_logoid': 'alphabet'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}, {'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}, {'symbol': 'NASDAQ:TSLA', 'base_logoid': 'tesla'}, {'symbol': 'NASDAQ:QQQ', 'base_logoid': 'invesco'}, {'symbol': 'AMEX:GLD', 'base_logoid': 'spdr-sandp500-etf-tr'}, {'symbol': 'AMEX:SLV', 'base_logoid': 'ishares'}, {'symbol': 'AMEX:USO', 'base_logoid': 'uscf-fund'}] | /news/benzinga:8d3f88930094b:0-powell-jackson-hole-hopium-is-at-hand-nvidia-hopium-is-ahead-carry-trade-risk/ | EN | To gain an edge, this is what you need to know today.HopiumPlease click here for an enlarged chart of S&P 500 ETF AMEX:SPY which represents the benchmark stock market index S&P 500 (SPX).Note the following:Magnificent Seven Money FlowsIn the early trade, money flows are positive in Apple Inc NASDAQ… | To gain an edge, this is what you need to know today.
Hopium
Please click here for an enlarged chart of S&P 500 ETF AMEX:SPY which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
The chart shows that after tracing a V bottom on the carry trade unwind, the stock market is in the resistance zone.The RSI pattern shown on the chart is such that the stock market can go either way.Bulls are hopeful that Powell's speech at Jackson Hole today will trigger a breakout in the stock market to a new high.The consensus on Wall Street is that if the stock market does not break out above the resistance zone shown on the chart on Powell's speech, the stock market will break out on NVIDIA Corp NASDAQ:NVDA earnings.Nvidia earnings will be released on August 28 after the close. Whisper numbers continue to ratchet up as analysts compete to generate business.The best way for prudent investors to think about the market now is that almost everyone is on one side of the boat. The boat will continue to cruise just fine as long as there is no turbulence. However, the slightest turbulence can cause trouble because almost everyone is on the same side. The chart shows when the stock market recently fell on the unwind of the carry trade. The unwind was due to the Bank of Japan (BOJ) raising its interest rates and consequently strengthening the yen. A big part of the reason behind the market's rally is a statement from the BOJ saying it would not raise rates as long as the market is unstable.After the statement from the BOJ, funds are back establishing new carry trades. Prudent investors should note that Bank of Japan governor Kazuo Ueda has now stated, "If we are able to confirm a rising certainty that the economy and prices will stay in line with forecasts, there's no change to our stance that we'll continue to adjust the degree of easing." In plain English, this means the BOJ is likely to raise interest rates again. Such a raise may cause the carry trade to unwind again. Magnificent Seven Money Flows
In the early trade, money flows are positive in Apple Inc NASDAQ:AAPL, Amazon.com, Inc. NASDAQ:AMZN, Alphabet Inc Class C NASDAQ:GOOG, Meta Platforms Inc NASDAQ:META, Microsoft Corp NASDAQ:MSFT, NVDA, and Tesla Inc NASDAQ:TSLA.
In the early trade, money flows are positive in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 NASDAQ:QQQ.
Momo Crowd And Smart Money In Stocks
Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is SPDR Gold Trust AMEX:GLD. The most popular ETF for silver is iShares Silver Trust AMEX:SLV. The most popular ETF for oil is United States Oil ETF AMEX:USO.
Bitcoin
Bitcoin (BTC/USD) is range bound.
Protection Band And What To Do Now
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
Traditional 60/40 Portfolio
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever Generate Wealth Newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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urn:newsml:mtnewswires.com:20240823:A3210438:0 | NVDA | Nvidia's Quarterly Estimates Raised by Wedbush Amid Artificial Intelligence Demand | mt-newswires | https://www.tradingview.com/news/providers/mt-newswires/ | 2024-08-23T14:44:37+00:00 | https://www.tradingview.com/news/mtnewswires.com:20240823:A3210438:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/mtnewswires.com:20240823:A3210438:0/ | EN | Nvidia NASDAQ:NVDA is expected to report higher fiscal second-quarter results than Wedbush Securities previously estimated, amid no signs of a slowdown in demand for artificial intelligence-related hardware, the brokerage said in a Friday client note. Wedbush now projects the technology giant to re… | Nvidia NASDAQ:NVDA is expected to report higher fiscal second-quarter results than Wedbush Securities previously estimated, amid no signs of a slowdown in demand for artificial intelligence-related hardware, the brokerage said in a Friday client note.
Wedbush now projects the technology giant to report per-share earnings of $0.67 on revenue of $29.99 billion for the July quarter. The investment firm previously forecast EPS of $0.62 and revenue of $28.02 billion. The current consensus on Capital IQ is for normalized and GAAP EPS of $0.64 and $0.60, respectively, as well as for revenue of $28.71 billion.
"Nvidia has consistently managed to outperform expectations by (approximately) $2 billion, followed by guiding for $2 billion in sequential growth," Wedbush analyst Matt Bryson said in the note. "We fully expect a similar outcome in the current quarter and have adjusted our model in-line with this view."
The upside comes "exclusively" from higher data center assumptions, which "more than offset" downward adjustments the brokerage made in the chipmaker's gaming business, according to Bryson. Wedbush's recent checks with various companies suggested an increase in shipments for Nvidia's graphics processing unit microarchitecture, Hopper, as well as a ramp in GPU system production into the second half of the 2024 calendar year. There were also signs indicating no deceleration in AI-related demand, Wedbush said.
Nvidia is scheduled to report its second-quarter results next week. The brokerage expects the chipmaker to provide an update around generative AI architecture Blackwell, with Chief Financial Officer Colette Kress saying on the first-quarter earnings call that the platform will likely be globally available "later this year," according to a Capital IQ transcript.
"We believe demand for Hopper remains strong minimizing the impact of any shift in Blackwell timing on near-term results," Bryson wrote. "Our conversations have consistently indicated Blackwell's ramp will be more of a 2025 phenomena, limiting the impact we believe delays would have on (Nvidia's fiscal 2025) results."
For the full year, Wedbush estimates Nvidia to record EPS of $2.78 and revenue of $123.03 billion, up from the brokerage's prior expectation of $2.63 and $116.48 billion, respectively. The Street is looking for normalized and GAAP EPS of $2.75 and $2.61, respectively, and revenue of $121.26 billion for the 2025 fiscal year.
Wedbush reiterated its outperform rating on Nvidia's stock and lifted the 12-month price target to $138 from $120.
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zacks:09f8f7809094b:0 | NVDA | Why Nvidia (NVDA) is a Top Momentum Stock for the Long-Term | zacks | http://www.zacks.com/ | 2024-08-23T13:50:12+00:00 | https://www.tradingview.com/news/zacks:09f8f7809094b:0-why-nvidia-nvda-is-a-top-momentum-stock-for-the-long-term/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'NYSE:AI', 'base_logoid': 'c3-ai'}] | /news/zacks:09f8f7809094b:0-why-nvidia-nvda-is-a-top-momentum-stock-for-the-long-term/ | EN | For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List… | For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Nvidia NASDAQ:NVDA
NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence NYSE:AI based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.
NVDA is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. NVDA has a Momentum Style Score of A, and shares are up 10.2% over the past four weeks.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.01 to $2.69 per share. NVDA also boasts an average earnings surprise of 18.4%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, NVDA should be on investors' short list.
Zacks Investment Research
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DJN_SN20240823007367:0 | NVDA | Nvidia will look to accomplish this earnings triple play | market-watch | https://www.tradingview.com/news/providers/market-watch/ | 2024-08-23T13:41:00+00:00 | https://www.tradingview.com/news/DJN_SN20240823007367:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_SN20240823007367:0/ | EN | By Emily BaryAn analyst said Nvidia's last earnings call was one of the best he ever heard. Can the company stage a repeat performance?Nvidia Corp.'s last earnings call was one of the best that Melius Research analyst Ben Reitzes had ever heard. Can the company stage a repeat performance next week?… | By Emily Bary
An analyst said Nvidia's last earnings call was one of the best he ever heard. Can the company stage a repeat performance?
Nvidia Corp.'s last earnings call was one of the best that Melius Research analyst Ben Reitzes had ever heard. Can the company stage a repeat performance next week?
The semiconductor company's last earnings report and call featured what Reitzes described as a Triple Lindy. That's a reference to the movie "Back to School," in which a character nails a challenging dive involving rebounds off of multiple boards.
Read: As Nvidia earnings approach, this is the 'wildcard'
In Nvidia's (NVDA) case, a Triple Lindy would mean beating revenue expectations for the latest quarter by $2 billion, giving guidance for the current quarter that's $2 billion above what gets posted for the most recent quarter and saying enough to suggest another $2 billion in sequential revenue growth would be doable for the January quarter.
"As we write this piece, this scenario seems possible - but it isn't necessary for those with a long-term horizon," Reitzes wrote ahead of Nvidia's Wednesday afternoon earnings report.
He noted that it's "pretty easy to be off by a billion here and there with numbers this big," as Nvidia closes in on perhaps $105 billion of data-center revenue for fiscal 2025, which ends in January.
Don't miss: Nvidia is nearing another milestone that would showcase its stunning growth
Maybe the biggest thing management needs to do, in Reitzes' view, is give investors reason to be confident in the growth forecast for next year. For instance, analysts model about $150 billion in data-center revenue for Nvidia's upcoming fiscal year. Investors "need commentary thatBlackwell can still make the Street's forecast" look conservative, Reitzes said.
Blackwell is Nvidia's new chip, and it's reported to be facing slight shipment delays at the outset. "There is speculation that TSMC is facing challenges matching the ramp of this new technology to meet Blackwell volumes," Reitzes wrote, but Nvidia "may not need to address all the potential issues if it seems on track" and results for the latest quarter look strong.
Investors "need to be assured of a sampling timeline for Blackwell" in the fall that could spur "robust" performance in the first half of calendar 2025 and onward, Reitzes said, while sticking with his buy call and $160 target price.
Evercore ISI analyst Mark Lipacis, meanwhile, encouraged investors to buy Nvidia shares ahead of the report. He said that capital spending from hyperscale cloud providers "is one of the best indicators of demand for [Nvidia] systems," and his analysis showed a 20% sequential increase in the second quarter. Hyperscale capital expenditures could rise by 8% sequentially in the third quarter and 10% in the fourth quarter.
Lipacis looked at past examples of Nvidia product disruptions and estimates that a negative update on Blackwell could cause the stock to pull back by 5% to 10% in the near term. But the company "has proven adept at quickly coming up with alternative solutions," he said.
"Furthermore, should a delay manifest, we believe demand is so strong, particularly at Tier 2 and 3 [cloud service providers] and enterprises ... that current generation Hopper solutions would be purchased even if Blackwell was pushed," he wrote.
Lipacis rates the stock at outperform with a $150 target price, up from $145 before.
See also: Nvidia's earnings could be noisy, but these bulls are still upbeat on the stock
Jefferies analyst Blayne Curtis said that "expectations are creeping back up" for Nvidia after a volatile few months. His estimates for the October and January quarters are about $1 billion above the consensus view for revenue, numbers he sees as "achievable but likely not beatable."
"We felt OK with this setup at $100 as a positive but it becomes trickier the closer the stock gets to its prior highs," he added. Nvidia shares closed Thursday at $123.74, about 9% off their all-time closing high of $135.58.
Curtis has a buy rating on the stock.
-Emily Bary
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
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DJN_DN20240823004932:0 | NVDA | Nvidia Is Maintained at Outperform by Evercore ISI Group | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-23T13:16:00+00:00 | https://www.tradingview.com/news/DJN_DN20240823004932:0/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/DJN_DN20240823004932:0/ | EN | (13:16 GMT) Nvidia Price Target Raised to $150.00/Share From $145.00 by Evercore ISI Group | (13:16 GMT) Nvidia Price Target Raised to $150.00/Share From $145.00 by Evercore ISI Group
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DJN_DN20240823004929:0 | MSFT | Correction to Microsoft Raised a Key Growth Forecast. Why It Isn't What It Seems. — Barrons.com | dow-jones | https://www.tradingview.com/news/providers/dow-jones/ | 2024-08-23T13:16:00+00:00 | https://www.tradingview.com/news/DJN_DN20240823004929:0/ | 2024 Dow Jones & Company, Inc. All rights reserved. | [{'symbol': 'NASDAQ:MSFT', 'base_logoid': 'microsoft'}] | /news/DJN_DN20240823004929:0/ | EN | By Adam ClarkMicrosoft is making adjustments to its financial reporting that are set to boost the growth rate for its closely watched cloud-computing business. Investors should be aware it isn't a fundamental change to the business.Microsoft said Wednesday that it would rearrange its reporting. Per… | By Adam Clark
Microsoft is making adjustments to its financial reporting that are set to boost the growth rate for its closely watched cloud-computing business. Investors should be aware it isn't a fundamental change to the business.
Microsoft said Wednesday that it would rearrange its reporting. Perhaps the most important change was that it intends to rejig what it includes within its Azure cloud-computing business. Microsoft said the change would make it easier to track consumption of its services.
Some revenue from search and news advertising will now be included with Azure, while Microsoft is moving revenue associated with its Power BI data visualization product for businesses and its Enterprise Mobility and Security group out of its Azure reporting and into a separate segment. The Enterprise Mobility and Security group focuses on identity verification and device management.
This kind of accounting shuffling can seem irrelevant because it will make no difference to the company's overall revenue and earnings figures. However, how fast Azure grows is being closely tracked for signs of whether Microsoft's investment in artificial-intelligence technology will pay off in greater use of its cloud-computing services.
The effect of the changes is mixed. Microsoft said it now expects revenue in its Intelligent Cloud unit, which houses Azure, to be between $23.80 billion and $24.10 billion in the current quarter, compared with its prior expectations of $28.6 billion and $28.9 billion. It also lowered its forecast for revenue in its More Personal Computing segment, while saying there was a corresponding boost to the revenue that would be generated in its Productivity and Business Processes segment.
On the face of it, less revenue being reported in the Azure unit seems bad. The factor offsetting that is a faster rate of growth.
Microsoft said that under the new reporting structure, it expects to report a 33% increase in revenue from Azure and other cloud services in its current quarter compared with the prior year. That was up from growth in a range of 28% to 29% under the previous structure.
"While the changes are mechanical in nature and total revenue/op income/EPS are unchanged, they do suggest more stability in the Azure consumption business," wrote Citi analysts in a research note.
Perhaps more important, the contribution of AI to Azure's growth is likely to look correspondingly greater. While Microsoft didn't provide a forecast for that metric in the current quarter, it did show how the reporting changes would have affected its June quarter.
Under the new reporting structure, Microsoft would have reported 35% growth in its Azure business in the June quarter, with 11 percentage points being contributed by AI services. That compares with the reported figure of 30% growth with eight percentage points contributed by AI.
Again, it is worth reiterating that the restructuring won't change Microsoft's business overall. But the change could make growth in Microsoft's cloud-computing business look better as investors watch it, Amazon.com's AWS, and Alphabet's Google for signs that any of their cloud-computing platforms are gaining an edge with AI.
Microsoft had no comment.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
Corrections & Amplifications
Microsoft reported 30% growth for its Azure business in the June quarter, with eight percentage points contributed by AI. A previous version of this article incorrectly said AI contributed six percentage points of growth.
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zacks:f67dcd5cc094b:0 | NVDA | Nvidia (NVDA) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates | zacks | http://www.zacks.com/ | 2024-08-23T13:15:19+00:00 | https://www.tradingview.com/news/zacks:f67dcd5cc094b:0-nvidia-nvda-q2-earnings-preview-what-you-should-know-beyond-the-headline-estimates/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}] | /news/zacks:f67dcd5cc094b:0-nvidia-nvda-q2-earnings-preview-what-you-should-know-beyond-the-headline-estimates/ | EN | Analysts on Wall Street project that Nvidia NASDAQ:NVDA will announce quarterly earnings of $0.63 per share in its forthcoming report, representing an increase of 133.3% year over year. Revenues are projected to reach $28.24 billion, increasing 109% from the same quarter last year.Over the past 30… | Analysts on Wall Street project that Nvidia NASDAQ:NVDA will announce quarterly earnings of $0.63 per share in its forthcoming report, representing an increase of 133.3% year over year. Revenues are projected to reach $28.24 billion, increasing 109% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Nvidia metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Gaming' will likely reach $2.79 billion. The estimate indicates a year-over-year change of +12.3%.
Based on the collective assessment of analysts, 'Revenue- Professional Visualization' should arrive at $446.57 million. The estimate indicates a year-over-year change of +17.8%.
The collective assessment of analysts points to an estimated 'Revenue- Automotive' of $346.28 million. The estimate indicates a change of +36.9% from the prior-year quarter.
The consensus among analysts is that 'Revenue- OEM and Other' will reach $79.68 million. The estimate points to a change of +20.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Data Center' should come in at $24.60 billion. The estimate points to a change of +138.3% from the year-ago quarter.
View all Key Company Metrics for Nvidia here>>>
Shares of Nvidia have experienced a change of +10.2% in the past month compared to the +0.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), NVDA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here
Zacks Investment Research
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barchart:0968aa41f094b:0 | NVDA | Has Nvidia Stock Run Up Too Far Ahead of Its Q2 Earnings? | barchart | https://www.barchart.com/ | 2024-08-23T12:54:08+00:00 | https://www.tradingview.com/news/barchart:0968aa41f094b:0-has-nvidia-stock-run-up-too-far-ahead-of-its-q2-earnings/ | null | [{'symbol': 'NASDAQ:NVDA', 'base_logoid': 'nvidia'}, {'symbol': 'CBOE:SPX', 'base_logoid': 'indices/s-and-p-500'}, {'symbol': 'NASDAQ:META', 'base_logoid': 'meta-platforms'}] | /news/barchart:0968aa41f094b:0-has-nvidia-stock-run-up-too-far-ahead-of-its-q2-earnings/ | EN | Nvidia NASDAQ:NVDA will release its fiscal Q2 2025 earnings on Wednesday after the close of markets. As has been the case for over a year now, the company’s earnings will be closely watched by markets, and could impact not only its share price, but also that of other tech companies.With a YTD gain… | Nvidia NASDAQ:NVDA will release its fiscal Q2 2025 earnings on Wednesday after the close of markets. As has been the case for over a year now, , and could impact not only its share price, but also that of other tech companies.
, Nvidia is the best-performing S&P 500 Index CBOE:SPX stock – a position it held in 2023, as well. However, most of Nvidia’s gains came in the first half of 2024. Since then it has traded largely sideways, especially considering the furious price moves that markets have grown accustomed to over the last couple of years.
Earlier this month, NVDA stock briefly plunged below $100, and
However, the shares have since rebounded smartly, and Nvidia also reclaimed its $3 trillion market cap. While the broader market recovery did play a part, markets have been getting bullish on Nvidia heading into the Q2 confessional, and multiple brokerages have said that they expect a beat. In this article, we’ll discuss whether Nvidia stock has run up too far and too fast ahead of the report.
Nvidia Q2 Earnings Preview
Nvidia reported a stellar set of numbers in fiscal Q1, and comfortably beat on both the topline and the bottom line. Markets sent the shares higher, and Nvidia added a cool $200 billion to its market cap in a single day.
Management guided for revenues of $28 billion at the midpoint in the fiscal Q2, which was well ahead of the $26.7 billion that analysts were then modeling. Despite their generous predictions about Nvidia’s earnings, analysts' forecasts have mostly erred on the conservative side, and the company has managed to beat estimates quite easily.
Analysts expect Nvidia to post revenues of $28.6 billion in the quarter that ended July 28. Brokerages have raised the Jensen Huang-led company’s earnings estimates in recent days, and the current estimate is now even higher than the top end of its guidance.
Consensus estimates call for Nvidia to report earnings per share (EPS) of $0.59 in the quarter – a YoY rise of 136%.
What to Watch in Nvidia’s Q2 Earnings Report
During Nvidia’s fiscal Q2 earnings call, it would be pertinent to watch out for the revenue guidance for the current quarter. Analysts expect the company’s revenues to rise by 74% in the current quarter and are modeling growth to fall to 57% in the next quarter. That said, these are still formidable numbers, especially as they are now coming from a relatively higher base.
Nvidia might also provide color on its upcoming Blackwell GPUs, whose shipments are reportedly delayed. Notably, during the Q1 earnings call, Nvidia was quite upbeat on the chip, and Huang expressed optimism that Nvidia “will see a lot of Blackwell revenue this year.”
Nvidia might also brief markets on the antitrust probe that the U.S. Department of Justice has launched over its dominance in the artificial intelligence (AI) chip market. The company may also address its China business, which has suffered after the U.S. barred it from selling its top-of-the-line AI chips to the Communist country, fearing their military use.
NVDA Stock Forecast
Nvidia has a consensus rating of “Strong Buy” from the 39 analysts in coverage. The bullishness is not hard to understand, and it would be borderline professional suicide for any sell-side analyst to recommend selling a stock that has been doubling every few months.
NVDA’s current mean target price is $141.65, which is 13.7% higher than Thursday’s closing prices. Its Street-high target price is $200, which is 60% higher. Since Nvidia’s parabolic rally began in 2023, analysts have often been behind the curve in raising its target price, and the stock has traded well ahead of Wall Street's average target price many times.
KeyBanc, Citi, Goldman Sachs, and Rosenblatt Securities are some of the brokerages that expect Nvidia to beat on Q2 earnings and provide better-than-expected guidance, and have reiterated their bullish bets in recent days.
Is NVDA Stock a Buy Ahead of Earnings?
The recently concluded earnings calls of so-called hyper-scalers show that they are not backing off from AI investments. Simply put, as tech giants like Meta Platforms NASDAQ:META prepare for “years of AI investments,” it should keep Nvidia’s cash registers ringing, given its near-monopoly in that market.
That said, while Nvidia remains among the best growth names, I would be a bit wary after the sharp rally from the August lows. While I don’t see NVDA stock crashing after next week's report, given the current appetite for its AI chips, the margin of safety is a lot slimmer now than it was earlier this month. Expectations are sky-high for the chip designing behemoth, as Barron's perhaps summed up best by noting, "There’s a lot resting on Nvidia’s broad shoulders."
On the date of publication, Mohit Oberoi had a position in: NVDA , META . All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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