What to Expect When Expecting Fed Rate Cuts, Nvidia's, and BHP's Results

What to expect when expecting Fed Rate cuts: Markets generally rally over 6-12 months after the first cut of the cycle. So watch $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ and $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ which are popular on moomoo.

Gold has rallied to new record highs following the last three Fed rate cuts. WATCH the Weekly for more. Or click here, for more on gold,

Nvidia's $NVIDIA (NVDA.US)$ results could fire up a lightning rally not just for the tech sector and chipmakers, but for the broader market as well, given its weight in some of the world's biggest ETFs. We have usually seen a post-earnings day share price jump of 14%. In the last quarter alone, Nvidia's shares surged 9% following its earnings report. We are approaching the show-me moment. We know 60% of its clients are Nasdaq 100 companies, and we want to see a broadening of its client base and increased spending over the next 12 months. Nvidia options suggest its shares will jump 9% after its results are released. WATCH the Weekly for more.

BHP's $BHP Group Ltd (BHP.AU)$ full-year earnings will be in focus on Tuesday and expectations are low, as the iron ore price has gone up and down like a yo-yo, but now sits at the same price as 12-months ago. The market will be focusing on BHP's guidance and whether it will increase exposure to future-facing commodities, which BHP previously said are key to driving growth. Investors will want to hear about BHP's copper growth strategy, especially since it failed to take over Anglo American but recently bought a 50% stake in Filo earlier this year to develop a copper district in Argentina. Secondly, it will be telling if BHP adjusts its focus materially, given China's new focus for the next two decades is on future-facing commodities and its shift away from a property-driven economy (which could dampen the outlook for iron ore). This is also key, as BHP makes 48% of its revenue from iron ore, 31% from copper, and 21% from coal.

The Middle East conflict has dangerously escalated. Israel declared a 48-hour state of emergency after launching a pre-emptive strike on Hezbollah sites in southern Lebanon as the Iran-backed militant group prepared its response to the killing of its military chief last month. After attacks escalated over the weekend, both sides pulled back with ceasefire talks taking place. However, more discussions are expected. Watch defence stocks and ETFs such as $Ishares Trust U.S. Aerospace & Defense Etf (ITA.US)$