Good MorningEquity markets advanced on Wednesday, led by NVIDIA and hope that AI would drive the company to new highs: those hopes were met. The company's Q2 revenue is 33% better than the company's "jaw-dropping" guidance, and guidance was raised again. The takeaway from the report is that data centers and big tech are shifting away from traditional computing into high-speed computing and AI, and NVIDIA is the foundation of AI.
The news sent shares of NVIDIA up more than 5.0% in premarket trading, and the rally should continue. The guidance will lead the analysts to up their targets for the Q3 and FY results and the longer-term outlook. The question for investors is if it's time to go all-in on AI and if that means chasing NVIDIA shares higher. Given the results, it is possible that NVIDIA shares could gain another high-double-digit advance before the end of the year. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Industrials | | Even with this month’s pullback, it’s been a strong 2023 for the Nasdaq-100. The widely followed index is up more than 30% year-to-date and back within striking distance of its November 2021 all-time high. It is a recovery led by mega caps NVIDIA, Meta Platforms and Tesla, which now make... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Markets | |
You've probably heard the terms "bear market" and "recession" tossed around when people discuss the economy, but what do they mean, and how are they different?
When comparing bear market vs recession, think of a bear market as the big drop on a rollercoaster, while a recession is more like a pro... Read the Full Story |
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Industrials | |
So you're looking for top-rated AI mutual funds to cash in on the current gold rush into artificial intelligence without buying individual stock? After reading, you'll know which funds have a proven track record and might be worth investing in.
Although the brave new world of AI can be intimidat... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Discretionary | |
Auto parts stocks shifted gears this year, naming new CEOs to the 3 largest players. While O’Reilly Automotive (NASDAQ: ORLY) and Autozone (NYSE: AZO) chose to go the internal route to help ensure a smooth transition, Advance Auto Parts (NYSE: AAP) looked outside the company.
Given the rece... Read the Full Story |
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Consumer Discretionary | |
Shares of Lowe's Companies Inc. (NYSE: LOW) stock are up over 3% in early trading after the home improvement retailer posted mixed earning results. On the earnings call, management noted that consumers taking on small projects helped offset the macro headwinds, causing them to hold off on larger p... Read the Full Story |
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From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Communication Services | |
For Walt Disney Co. (NYSE: DIS) shareholders, their brokerage statements haven’t exactly been the happiest place on earth. The stock has lagged the S&P 500 for the past 10 years, although it’s certainly grown earnings and had numerous business successes during that time.
In the mo... Read the Full Story |
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Communication Services | |
Telecom stocks have long been popular value plays for investors seeking a superior dividend yield with a modestly conservative investment approach. Household names like Comcast (NASDAQ: CMCSA), T-Mobile US (NASDAQ: TMUS), and AT&T (NYSE: T) have long been the favorites and most significant by ... Read the Full Story |
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Materials | | Commodities are flying across many screens, for traders and investors alike, as volatility seems to be drawn to that tiny - yet essential - pocket of the economy. These volatile periods may stress many participants' profit and loss statements. However, the smart ones will know how to benefit from th... Read the Full Story |
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Technology | |
After numerous delays in its attempts to acquire Activision Blizzard Inc. (NASDAQ: ATVI), Microsoft Corp. (NASDAQ: MSFT) finally blinked, agreeing to sell cloud streaming rights for all current and new Activision Blizzard PC and console games released over the next 15 years to French game publishe... Read the Full Story |
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Consumer Discretionary | |
The Q2 results from Dick’s Sporting Goods (NYSE: DKS) have it and other sporting goods names moving lower but don’t read too much into the move. Dick’s results were deeply impacted by shrinkage, which is a growing problem for the entire industry. Target (NYSE: TGT), another big n... Read the Full Story |
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Thursday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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