Category: Analysis & Opinion
-
Week Ahead: Inflation In The United States And China Are The Highlights Of The Week
The forthcoming week will have global financial markets keenly observing the US inflation report slated for release on Thursday, as well as the ongoing earnings season. Market participants in the US will be watching producer prices and the Michigan Consumer Sentiment in addition to notable updates from China regarding its inflation and trade data, GDP…
-
Nvidia Can Be THE AI Stock Market Darling: Upgrade To Buy Rating & $400 Target
Report written by Chaim Siegel of Elazar Advisors, LLC We’re moving to a Buy Rating on Nvidia. The main driver for Nvidia is Data Center. The company said on their last earnings call that Data Center should accelerate this quarter and continue to accelerate through the year. Running that through to 2024 gets me nice…
-
Banks Surprise on the Upside
Sticks and stones may break my bones but there will always be something to upset the markets. First the coronavirus pandemic, then inflation, and now corporate results. Even though Friday’s reports came in better than many had feared, analysts still expect a 4.8% decline in S&P 500 earnings. The paradox is that stronger numbers will…
-
Why Did The Market Drop?
“From a small seed a mighty trunk may grow”, also the saying may not be exactly about financial markets, but there is no better way to describe the short but intense last week. To begin with, for the first time in U.S. history, an ex-U.S. president was indicted on criminal charges. Precisely, for falsifying business…
-
NVDA: Set for a pullback?
Nvidia Corporation (NASDAQ:NVDA) is a semiconductor company that has gained a reputation as a leader in the graphics processing unit (GPU) market. The company’s stock has been on a steady rise, with the price on a rampage in March 2023 on the back of all the AI euphoria. However, despite the upward trend, there are…