Nvidia Earnings And Jackson Hole Will Determine What Is Next For The Stock Market
Portfolio Pulse from The Arora Report
The future of the stock market is expected to be influenced by Nvidia's earnings and Powell’s speech at Jackson Hole. Nvidia's earnings are expected to be released on Wednesday, and Powell will be speaking on Friday. The demand for AI chips from Nvidia is exceeding supply, and Nvidia's current quarter sales are guided to $11B, but whisper numbers are around $12B. Money flows are positive in Apple, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla, but negative in Alphabet. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Interest rate cuts in China were less than expected, causing a sell off in Shanghai and Hong Kong.
August 21, 2023 | 2:28 pm
News sentiment analysis
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NEGATIVE IMPACT
Money flows are negative in Alphabet in the early trade.
Negative money flows suggest investor disinterest in the stock, which could potentially drive the stock price down in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Money flows are mixed in Invesco QQQ Trust Series 1 in the early trade.
Mixed money flows suggest a balance of investor interest and disinterest in the ETF, which could potentially keep the ETF price stable in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Money flows are mixed in SPDR S&P 500 ETF Trust in the early trade.
Mixed money flows suggest a balance of investor interest and disinterest in the ETF, which could potentially keep the ETF price stable in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Money flows are positive in Apple in the early trade.
Positive money flows suggest investor interest in the stock, which could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Money flows are positive in Amazon in the early trade.
Positive money flows suggest investor interest in the stock, which could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Nvidia's earnings are expected to influence the stock market. The demand for Nvidia's AI chips is exceeding supply, and the company's current quarter sales are guided to $11B, but whisper numbers are around $12B.
The high demand for Nvidia's AI chips and the company's strong sales guidance suggest a positive impact on the stock. However, the actual impact will depend on the actual earnings and the company's future guidance.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100