Nasdaq, S&P 500 Futures Point To Nervy Start As Spotlight Shifts To Nvidia Earnings; Why This Analyst Says Record High May Not Be Far Off For Market
Portfolio Pulse from Shanthi Rexaline
U.S. stock futures indicate a positive start to the week, with attention on Nvidia's earnings and Microsoft's AI team changes. Energy stocks may rise with oil prices, while bond yields are slightly up. The S&P 500 is close to its record high, with LPL Financial suggesting a new high is possible. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Microsoft and Boeing stocks are up in premarket trading, while Agilent Technologies and Zoom Video are set to report earnings. Oil prices and Bitcoin are up, while Asian markets are mixed and European stocks show mixed performance.
November 20, 2023 | 12:25 pm
News sentiment analysis
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NEUTRAL IMPACT
Agilent Technologies is set to report quarterly results, which could impact its stock depending on the outcome.
The impact on Agilent's stock will depend on whether the earnings meet, exceed, or fall short of market expectations.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 60
NEUTRAL IMPACT
Zoom Video Communications is another notable company reporting earnings, which could influence its stock performance.
Zoom's stock price will be affected by its earnings report, with the direction dependent on the financial results presented.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
Boeing's stock rose over 1.50% after an upgrade from Deutsche Bank, improving investor sentiment.
The upgrade by Deutsche Bank could lead to increased investor confidence in Boeing, potentially driving up its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft welcomed ousted OpenAI executives to form a new AI team, potentially strengthening its position in the AI sector.
The formation of a new AI team with high-profile figures from OpenAI could positively impact Microsoft's stock as it may enhance the company's AI capabilities and market position.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Nvidia's upcoming earnings report is highly anticipated and could influence the tech sector and broader market.
Nvidia's earnings have significant market impact, and positive results could lead to a lift in the tech sector and potentially the broader market.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Invesco QQQ ETF experienced premarket gains, indicating a positive start for tech-heavy stocks.
The premarket performance of QQQ, which tracks the Nasdaq-100 index, suggests investor confidence in tech stocks, potentially affecting its short-term price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SPDR S&P 500 ETF Trust saw a slight premarket gain, reflecting positive market sentiment.
The premarket gain in SPY suggests a positive sentiment that could carry into regular trading, potentially impacting its short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70