NVDA Jul 2024 365.000 call
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Nvidia impact on markets, Grayscale CEO resigns: Asking for a Trend
On today's episode of Asking For A Trend, host Julie Hyman covers a diverse range of topics spanning market dynamics to succession plans. As anticipation builds around Nvidia's (NVDA) highly anticipated earnings release, stocks (^DJI, ^IXIC, ^GSPC ) are in the spotlight, with investors eagerly awaiting the potential market-moving implications. Joining the show is Ivana Deleveska, Founder and CIO of Spear Invest, who provides her insights into Nvidia's earnings outlook and the potential ripple effects on the broader markets. Additionally, Sarge986 LLC President Stephen "Sarge" Guilfoyle, brings his expertise to the table, unveiling two dominant macro trends that he believes will influence stock movements moving forward. As the episode draws to a close, Asking For A Trend shifts its focus to corporate leadership, delving into the succession plans of Grayscale's CEO, Michael Sonnenshein, who recently announced his intention to step down. This post was written by Angel Smith
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Investors eye Nvidia, Red Lobster bankruptcy: Catalysts
On today's episode of Catalysts, anchors Seana Smith and Madison Mills cover everything from AI to banks to Wrangler jeans. Ahead of the highly anticipated Nvidia (NVDA) earnings, former White House CHIPS Coordinator Aaron "Ronnie" Chatterji joins the show to dissect the impact of the Biden Administration's CHIPS Act on the semiconductor giant's operations and performance. The episode also features company updates on prominent players across various sectors. JPMorgan Chase & Co. (JPM) has raised its full-year guidance for net interest income, Micron Technology (MU) is in the spotlight after receiving an upgrade from Morgan Stanley, and Red Lobster has filed for bankruptcy. Kontoor Brands (KTB) CEO Scott Baxter joins the program to discuss how the parent company of Wrangler is navigating the current consumer landscape amid high inflation, which is straining household wallets. Baxter explains that their success stems from the fact that "the consumer right now is gonna go ahead and buy the things that they need." Furthermore, Priceline CEO Brett Keller joins the show to share his insights on consumer travel spending trends as the highly anticipated summer season approaches. This post was written by Angel Smith
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Small-caps stocks may benefit most from Nvidia market rally
Markets have been on a remarkable rally, with the Dow Jones Industrial Average (^DJI) surpassing the 40,000 mark for the first time ever last week. However, markets seem to be taking a breather ahead of Nvidia's (NVDA) much-anticipated fiscal first-quarter earnings results, expected on Wednesday, May 22. First Franklin Financial Chief Market Strategist Brett Ewing joins Catalysts to discuss how investors should navigate markets (^IXIC, ^GSPC) around certain driver events. Ewing acknowledges that Nvidia's results "will play an important role" in shaping market sentiment in the short term. However, he emphasizes that the AI trend "is longer-term," suggesting that regardless of how Nvidia's results impact the market, "it will likely recover." Additionally, Ewing notes that historically, markets tend to exhibit positive performance during election years. Despite the anticipation surrounding Nvidia's earnings, Ewing believes "we have a lot of positive tailwinds" that could contribute to market growth. He advises investors to explore opportunities in small and mid-cap stocks, which he believes could see "upside of over 40 to 60 percent over the next eighteen months." Ewing points to the Russell 2000 index (^RUT), which has been stuck in a cycle, noting "the longer they stay in the more powerful the breakout can be." When asked about how he believes a Federal Reserve rate decision will affect market dynamics, Ewing responds, "I believe that a lot of that has already been priced in, and looking forward, the market is looking at rate cuts, and I think that's what the sentiment should be." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
