While the market rise led by NVIDIA shrinks, 7 stocks approach buying points
Movements in Dow Jones futures, S&P 500 futures, and Nasdaq futures fell slightly on Sunday night, reflecting the delicate sentiment spreading in the market. Last week $NVIDIA (NVDA.US)$ The NASDAQ reached a record high due to its impressive performance, but other sectors faced headwinds and had various results in various indices.
The stock market's rise last week was a mixture of highs and lows. Despite a downward reversal on Thursday, the Nasdaq rose to unprecedented levels due to Nvidia's strong earnings and optimistic outlook. In contrast, the S&P 500 temporarily reached an all-time high, but ended the week with a slight change.
Conversely, the Dow Jones Index and Russell 2000 Index retreated, and sectors such as consumer goods, housing, commodities, and software faced significant challenges.
Going forward, market participants are eagerly awaiting key earnings reports from notable companies scheduled to be announced this week. Among them are: $Salesforce (CRM.US)$ 、 $CAVA Group (CAVA.US)$ 、 $Dell Technologies (DELL.US)$ 、 $Abercrombie & Fitch (ANF.US)$、 $Costco (COST.US)$ 、 $Pure Storage (PSTG.US)$ There are things like that. What is particularly interesting $Salesforce (CRM.US)$ It is expected that insight into the enterprise software sector will be obtained in response to Workday's weak guidance in the report.
Additionally, early Friday morning, the core personal consumption expenditure (PCE) price index, which is the Federal Reserve's main inflation indicator, will be announced. Economists expect the core inflation rate to rise moderately in the first quarter, but there is also a possibility of a slight downward correction.
Despite the fact that the US stock market will soon be closed to commemorate Memorial Day, other global exchanges will continue to operate. However, it is important to recognize that overnight movements in the futures market are not necessarily directly reflected in actual trading activity in the regular stock market session that follows.
The recent performance of various sectors and indices has been mixed, reflecting various trends in the market. The Nasdaq index reached an all-time high, supported by Nvidia's impressive performance and the subsequent sharp rise in tech stocks, but the overall market is facing challenges. The Dow Jones Industrial Average recorded a sharp decline, and the S&P 500 index closed slightly higher after reaching record levels earlier in the week. It is clear that the market is narrow, and several sectors and major stocks experienced significant declines.
Regarding exchange-traded funds (ETFs), there were noticeable movements in various sectors. $iShares Expanded Tech-Software Sector ETF (IGV.US)$ Growth oriented ETFs, such as the VanEck Vectors Semiconductor ETF, recorded significant gains.
Currently, $Microsoft (MSFT.US)$ 、 $Merck & Co (MRK.US)$ 、 $Arista Networks (ANET.US)$ 、 $Crocs (CROX.US)$ 、 $Netflix (NFLX.US)$ 、 $Eli Lilly and Co (LLY.US)$ 、 $TJX Companies (TJX.US)$ Several individual stocks are located near the buy point or within the buy zone, etc. Investors are advised to exercise caution and prudence, considering that performance is mixed and sector challenges may arise. Obtaining information, creating watch lists, and formulating exit strategies are essential, especially during periods of market uncertainty.
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