Will Nvidia save the market? 🚀 US market outlook + Earnings preview🔥
Recap: S&P 500 Recent Performance: November 1–17, 2024
The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ has demonstrated strong gains this year, but November has seen mixed momentum: November 1–8: The index surpass past 6,000 (ATH: 6017🥳🥳🥳), supported by solid earnings reports, improved consumer sentiment, and optimism about future Federal reserve rate cuts. November 11–17: The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ retreated to $S&P 500 Index (.SPX.US)$ 5,870 due to: Stretched valuations in tech stocks (RSI: Above 70), concerns over prolonged high interest rate and Geopolitical tensions from the Middle East conflict, creating uncertainty.
Market Outlook:
$S&P 500 Index (.SPX.US)$ While the year-to-date performance reflects resilience (+24.56%), caution is warranted. Interest rate decisions and inflation pressures could limit upside, increasing the probability of a short-term pullback. Investors should balance their portfolios by hedging against potential corrections.Consider $ProShares UltraPro Short S&P500 ETF (SPXU.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Earnings Focus: $NVIDIA (NVDA.US)$ Q3 FY2024 (November 20)
$NVIDIA (NVDA.US)$, the leader in AI chip manufacturing, will announce earnings on November 20 after market close.
Key Highlights: •Revenue Expectations: $33.03 billion (+82% YoY). •Earnings per Share (EPS): $0.70 (+88.11% YoY). •Data Center Segment: Anticipated to contribute $29.1 billion (+100.48% YoY), comprising 90% of Nvidia’s revenue. •AI Dominance: Nvidia holds a 95% market share in data center AI chips and has unmatched demand for its Hopper and next-gen Blackwell GPUs.
Key Challenges: •Supply chain constraints could cap near-term growth, despite overwhelming demand.
Strategic Insights:
$NVIDIA (NVDA.US)$ aggressive $50 billion stock buyback reflects confidence in long-term valuation growth. Analysts are overwhelmingly bullish, raising price targets as $NVIDIA (NVDA.US)$ maintains AI leadership in data centers. Recommendations:
•Growth Investors: Accumulate $NVIDIA (NVDA.US)$ on dips post-earnings. The long-term AI-driven growth potential justifies current valuations.
•Risk-Averse Investors: Wait for supply chain risks to stabilize before increasing positions.
The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ has demonstrated strong gains this year, but November has seen mixed momentum: November 1–8: The index surpass past 6,000 (ATH: 6017🥳🥳🥳), supported by solid earnings reports, improved consumer sentiment, and optimism about future Federal reserve rate cuts. November 11–17: The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ retreated to $S&P 500 Index (.SPX.US)$ 5,870 due to: Stretched valuations in tech stocks (RSI: Above 70), concerns over prolonged high interest rate and Geopolitical tensions from the Middle East conflict, creating uncertainty.
Market Outlook:
$S&P 500 Index (.SPX.US)$ While the year-to-date performance reflects resilience (+24.56%), caution is warranted. Interest rate decisions and inflation pressures could limit upside, increasing the probability of a short-term pullback. Investors should balance their portfolios by hedging against potential corrections.Consider $ProShares UltraPro Short S&P500 ETF (SPXU.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Earnings Focus: $NVIDIA (NVDA.US)$ Q3 FY2024 (November 20)
$NVIDIA (NVDA.US)$, the leader in AI chip manufacturing, will announce earnings on November 20 after market close.
Key Highlights: •Revenue Expectations: $33.03 billion (+82% YoY). •Earnings per Share (EPS): $0.70 (+88.11% YoY). •Data Center Segment: Anticipated to contribute $29.1 billion (+100.48% YoY), comprising 90% of Nvidia’s revenue. •AI Dominance: Nvidia holds a 95% market share in data center AI chips and has unmatched demand for its Hopper and next-gen Blackwell GPUs.
Key Challenges: •Supply chain constraints could cap near-term growth, despite overwhelming demand.
Strategic Insights:
$NVIDIA (NVDA.US)$ aggressive $50 billion stock buyback reflects confidence in long-term valuation growth. Analysts are overwhelmingly bullish, raising price targets as $NVIDIA (NVDA.US)$ maintains AI leadership in data centers. Recommendations:
•Growth Investors: Accumulate $NVIDIA (NVDA.US)$ on dips post-earnings. The long-term AI-driven growth potential justifies current valuations.
•Risk-Averse Investors: Wait for supply chain risks to stabilize before increasing positions.
Nvidia personal Price Target: $180
Earnings Calendar (November 18–22)
November 19:![]()
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• $Walmart (WMT.US)$: Expected EPS of $0.53 (+3.9% YoY) and revenue of $167.55 billion (+4.2%). Look for growth in U.S. net sales (+3.6%) and international sales (+6.5%).
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• $XPeng (XPEV.US)$: EV growth remains a focus despite market competition.
November 20:![]()
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• $NVIDIA (NVDA.US)$: Key earnings release as detailed above.
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• $Snowflake (SNOW.US)$: Cloud data storage growth positions it as a long-term buy despite short-term volatility.
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• $Palo Alto Networks (PANW.US)$: Cybersecurity demand remains robust.
November 21–22:
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• $Baidu (BIDU.US)$: Watch for AI-related innovations and cloud business growth.
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•Economic Data: U.S. Manufacturing PMI and services PMI will provide key insights into economic momentum. Consider $CBOE Volatility S&P 500 Index (.VIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$
November 19:
November 20:
November 21–22:
🇨🇳 Chinese Tech Stocks: Performance & Recommendations
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. $Futu Holdings Ltd (FUTU.US)$ (Earnings: November 20): •Benefiting from increased trading activity and market optimism. Recommendation: A strong earnings report could spark renewed interest; consider a tactical buy.
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$PDD Holdings (PDD.US)$ •Continued domestic and international expansion. Recommendation: A good value play for growth-oriented investors in Chinese e-commerce.
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $Hang Seng Index (800000.HK)$ $CSI300 Volatility Weighted Index (000803.SH)$ •High volatility but attractive for short-term bullish trades during Chinese stimulus announcements. Recommendation: Use with caution; ideal for experienced traders.
🇨🇳 Broader Chinese Market Insights: •Government stimulus is improving sentiment, but regulatory and geopolitical risks persist.
Actionable Investment Strategies
1. Diversify Between Growth and Defensive Stocks: •Tech: $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $NASDAQ 100 Index (.NDX.US)$ : $NVIDIA (NVDA.US)$ and $Snowflake (SNOW.US)$remain long-term leaders in AI and cloud sectors. Accumulate on dips.
•Defensive Energy Stocks: $Occidental Petroleum (OXY.US)$ $Exxon Mobil (XOM.US)$ hedge against inflation and geopolitical tensions.
2. Hedge Against Volatility: •Use ETFs like $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ and $ProShares UltraPro Short S&P500 ETF (SPXU.US)$ to protect gains.
3. Monitor Macroeconomic Data: •U.S. Manufacturing and Services PMIs on November 21–22 could impact Federal Reserve policy expectations. Adjust equity exposure accordingly. $CBOE Volatility S&P 500 Index (.VIX.US)$
4. Tactically Play Chinese Stocks: •Favor $PDD Holdings (PDD.US)$ and $Futu Holdings Ltd (FUTU.US)$ for fundamental strength. •Use $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ for short-term trades in response to Chinese market sentiment.
🇨🇳 Broader Chinese Market Insights: •Government stimulus is improving sentiment, but regulatory and geopolitical risks persist.
Actionable Investment Strategies
1. Diversify Between Growth and Defensive Stocks: •Tech: $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $NASDAQ 100 Index (.NDX.US)$ : $NVIDIA (NVDA.US)$ and $Snowflake (SNOW.US)$remain long-term leaders in AI and cloud sectors. Accumulate on dips.
•Defensive Energy Stocks: $Occidental Petroleum (OXY.US)$ $Exxon Mobil (XOM.US)$ hedge against inflation and geopolitical tensions.
2. Hedge Against Volatility: •Use ETFs like $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ and $ProShares UltraPro Short S&P500 ETF (SPXU.US)$ to protect gains.
3. Monitor Macroeconomic Data: •U.S. Manufacturing and Services PMIs on November 21–22 could impact Federal Reserve policy expectations. Adjust equity exposure accordingly. $CBOE Volatility S&P 500 Index (.VIX.US)$
4. Tactically Play Chinese Stocks: •Favor $PDD Holdings (PDD.US)$ and $Futu Holdings Ltd (FUTU.US)$ for fundamental strength. •Use $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ for short-term trades in response to Chinese market sentiment.
🔮: $S&P 500 Index (.SPX.US)$ & $NASDAQ 100 Index (.NDX.US)$ outlook (18-22 Nov) 🔥.
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Retracement/correction is healthy sign of market performance. Buying strong companies and having diamond hand in long run definitely helps! Buy on dips!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Hi I’m @whyalwayschin. Investment Mantra: Swim with the big boys!
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Big Dipper : No
Bear Bear Craig OP Big Dipper : Problem
103750289 : <130
Bear Bear Craig OP 103750289 : Buy if below 130.
PrimeTimeFortySix : Save the market? From a pullback?
Bear Bear Craig OP PrimeTimeFortySix : More than a pullback. An impending deep market correction is brewing
Coach Donnie : Nvidia stock rises on AI spending, chip deal ahead of earnings
Coach Donnie : Let’s break records $NVIDIA (NVDA.US)$
Macdonell J : Overheat issues with Blackwell chips