PVG Market In A Minute - May 7, 2024
We believe the question is how long this market cycle will last, which depends on the economy and making the earnings expectations for this year and next.
Read BlogWe believe the question is how long this market cycle will last, which depends on the economy and making the earnings expectations for this year and next.
Read BlogThe market found its footing in this mini-downturn around the 100-day moving average. We got less defensive in our tactical strategies, a distinction we are making, not more aggressive.
Read BlogFrom the recent market high, the S&P 500 is down about -5.4% in about 3 weeks, the Nasdaq down -7.1%, and the small cap index the Russell 2000 down about -8.5%.
Read BlogOil prices are an issue for the stock market as it will likely push inflation higher. We would expect the Israelis to respond against Iran’s oil fields, nuclear sites, or military installations.
Read BlogPCE was reported on Friday, we generally do not bother talking about old data, but we think it is important to review as the inflation data is just not continuing to decline.
Read BlogNVDA has about 95% of the market for specialized AI chips and has gross margins of 76%, similar to a software company. NVDA believes the replacement market for GPUs for CPUs is a $1 trillion revenue opportunity.
Read BlogThis is a big week for NVDA and their big conference. AI has been around for a long time in different forms. To make it really work you need speed, and that is why NVDA is the big winner...
Read BlogWe are thinking the market is going to have a reality check correction. We had three high profile names report last week that were a real gut check for the market that looked negative.
Read BlogWe sold our Emerging Healthcare Viking Therapeutics Position at $69: The company’s phase 2 data was released showing much better than expected results of13% weight loss after just 13 weeks of treatment.
Read BlogThe market reacted positively to the NVDA earnings report, up about 2% on Thursday, and the S&P 500 closed the week up just roughly 1%. It surprised It surprised us that NVDA went up so much on the report...
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