Nvidia Bounces After Touching Mini Support, Wait For Micron Earnings, Airbus Falters
Portfolio Pulse from The Arora Report
Nvidia (NVDA) has bounced off a mini support zone after an 18% drop, with future movements potentially influenced by Micron Technology (MU) earnings. Airbus (EADSY) faces supplier issues, and early trade shows positive money flows in several tech giants. Investors are advised to maintain a protection band strategy.
June 25, 2024 | 6:35 pm
News sentiment analysis
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NEGATIVE IMPACT
Airbus is facing issues due to problems at suppliers, similar to Boeing's previous challenges.
Supplier issues could negatively impact Airbus's operations and stock price, similar to past issues faced by Boeing.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Neutral money flows in Meta Platforms during early trade.
Neutral money flows suggest a balanced sentiment among investors, likely resulting in stable short-term price movements.
CONFIDENCE 65
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Neutral money flows in Microsoft during early trade.
Neutral money flows suggest a balanced sentiment among investors, likely resulting in stable short-term price movements.
CONFIDENCE 65
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Micron's upcoming earnings report is expected to influence Nvidia's stock movements.
Micron's earnings report is a key event that could affect Nvidia's stock price, making it important for investors to monitor.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Mixed money flows in Invesco QQQ Trust Series 1 during early trade.
Mixed money flows indicate uncertainty among investors, likely resulting in volatile short-term price movements.
CONFIDENCE 65
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Mixed money flows in SPDR S&P 500 ETF Trust during early trade.
Mixed money flows indicate uncertainty among investors, likely resulting in volatile short-term price movements.
CONFIDENCE 65
IMPORTANCE 30
RELEVANCE 50
POSITIVE IMPACT
Positive money flows in Apple during early trade.
Positive money flows indicate investor confidence in Apple, potentially leading to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Positive money flows in Amazon during early trade.
Positive money flows indicate investor confidence in Amazon, potentially leading to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Positive money flows in Alphabet during early trade.
Positive money flows indicate investor confidence in Alphabet, potentially leading to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Nvidia bounced off the top band of a mini support zone after an 18% drop. Future movements may be influenced by Micron's earnings.
Nvidia's bounce from a support zone suggests a potential short-term recovery. However, Micron's upcoming earnings could impact NVDA's price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Positive money flows in Tesla during early trade.
Positive money flows indicate investor confidence in Tesla, potentially leading to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50