Market Insights
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Bears Rejected: Nasdaq Reclaims Leadership on AI, Earnings Growth
Strong earnings and optimism about rate cuts seem to be overpowering bearish news in the stock market. The S&P 500 rose less than 0.1 percent between Friday, May 17, and Friday, May 24. The index recovered from a sharp drop on Thursday and stayed above its...
These AI Stocks Could Be Active With Nvidia Earnings Later Today
Nvidia releases earnings today, and it could impact other stocks in the AI space. While per-share earnings are expected to increase about 8 percent from the previous quarter, attention could focus on demand trends. Some investors have worried that the planned launch...
Chart of the Day: Oracle May Have Found Support
Oracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support. The first pattern on today’s chart is the gap higher on March 12 after earnings surprised to the upside. ORCL retraced the move and is starting to...
AI Boom Fades as Fundamentals Weaken: Earnings Recap
Most of the big earnings reports have now occurred, and so far they've done little to boost the market. Companies like Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Caterpillar (CAT) and Intel (INTC) reported profits above Wall Street estimates. However...
Nasdaq Surges as Traders Buy the Dip Before Fed Meeting
Stocks are rebounding as key earnings beat estimates and investors get comfortable with fewer rate cuts. The S&P 500 rose 2.7 percent between Friday, April 19, and Friday, April 26. The Nasdaq-100 jumped 4 percent. Those were the biggest weekly gains for both...
Chart of the Day: Does ARK Innovation Have Downside Risk?
The ARK Innovation ETF has chopped in a range for the last two years, and some traders may expect a push back to longer-term lows. The first pattern on today’s chart is the rounded top in February and March. It was slightly below the peak of ... For more,...
Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?
Chip stocks like Nvidia led the market to new highs last earnings season. The opposite could be happening this time. The Philadelphia Semiconductor Index fell 9.2 percent between Friday, April 12, and Friday, April 19. It was the index's biggest weekly drop in almost...
Chart of the Day: Palantir Stabilizes Above Old Highs
Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may...
Chart of the Day: Nvidia and the Midcap Breakout
Megacap growth stocks like Nvidia have outperformed for years. But traders looking for the trend to change may see more evidence of a shift. Today’s idea considers three charts. The first shows how NVDA rallied 93 percent this year above its previous record high. It...