US stocks open higher on strong earnings
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Right now, NVIDIA’s 50-day moving average is trending sideways, a clear sign that short-term momentum has stalled. The longer-term 200-day moving average is also running flat, reinforcing the idea that the stock is struggling to find its technical footing.
In the current session, PDD Holdings Inc. PDD is trading at $99.05, after a 3.82% drop. Over the past month, the stock fell by 6.18%, and in the past year, by 34.85%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio.
Nvidia started shipping its new GB200 NVL72 units this quarter and it isn't clear what the demand for these units looks like yet.
Analysts predict stock market trends this week will be influenced by Q4 earnings, FII activity, global trends, and potential trade deals. Key companies releasing earnings include ONGC, ITC, Hindalco,
Jim Cramer is suggesting that the performance of tech giants Apple and Nvidia will be an indicator of the market's health.
Shares of Palantir Technologies (NASDAQ:PLTR) slipped 0.34% over the past five trading sessions. That followed a sell-off after the company reported Q1 earnings on May 5. Still, the stock is up 8.90% over the past month and has gained more than 66% year-to-date.
NVDY stands out for income-focused investors with its high option income, despite NVDA's consolidation. Read here for an analysis of the ETF.
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Consensus predictions indicate revenue of approximately $1.23 billion for the quarter, reflecting a 9% increase year-over-year, while earnings are projected to be
Indicators such as a falling 10-year yield, a stable rupee, and contained inflation support a constructive market outlook, Motilal Oswal Private Wealth said.
Salesforce is scheduled to report fiscal first-quarter results after the closing bell Wednesday, with analysts largely bullish on the cloud software company's stock.