The S&P 500 has three hurdles to clear before a move to 8,000, says this strategist
MarketWatch·- Fundstrat strategist Tom Lee predicts the S&P 500 could rally toward the 7,900 to 8,000 level if upcoming macroeconomic and corporate events proceed without negative surprises. - The three key hurdles for the market include July core PCE data, Nvidia's second-quarter earnings, and a speech by Fed Chair Kevin Warsh at the Jackson Hole symposium. - Lee expects these events to confirm cooling inflation, reinforce AI conviction, and maintain a dovish Federal Reserve stance, supporting a broader market rally.Nvidia Stock: Last Chance to Buy NVDA Before It Smashes Q2 Earnings Expectations?
Tip Ranks·- Nvidia is scheduled to report its fiscal Q2 results, with Wall Street expecting $92.27 billion in revenue and adjusted earnings of $2.09 per share. - Wall Street analysts maintain a bullish outlook, driven by strong AI demand, upcoming Rubin shipments, and significant financing deals supporting chip demand. - Despite strong historical performance and consensus buy ratings, options markets are pricing in a 5.92% post-earnings stock move amid high investor expectations.Nvidia, Zoom Communications and 3 Stocks to Watch Heading Into Wednesday
benzinga_article·- Nvidia is anticipated by Wall Street to report quarterly earnings of $ 2.09 per share on $ 92.01 billion in revenue. - Intuit posted upbeat fourth-quarter financial results with revenue of $ 4.35 billion but issued fiscal year 27 guidance below estimates, causing its shares to tumble 10.2 %. - Zoom Communications reported better-than-expected second-quarter financial results while issuing soft third-quarter guidance, leading to a 5 % drop in its shares.Nvidia Stock Price Forecast: Ahead of Q2 Earnings, Can It Push Stock to a Record High?
TradingKey·- Nvidia will release its Q2 fiscal 2027 financial report on August 26, with market expectations focusing on data center revenue, the Vera Rubin platform progress, Q3 revenue guidance, and gross margins. - The options market expects a 5.4% stock price swing post-earnings, and analysts note that beating expectations across all key metrics may be required to push the stock to a new record high. - Technically, Nvidia recently ended a 7-day losing streak, with key support at the $200 level and primary resistance in the $228 to $230 range before challenging its $236.54 all-time high.Japan, South Korea Stocks Close Higher After Volatile Trading as Samsung Electronics, SoftBank Lead; Kioxia Falls Against Trend
TradingKey·- Japanese and South Korean stock markets closed higher following volatile trading sessions on August 26. - The KOSPI Index rose 0.97 % to reclaim 6,800 points, and the Nikkei 225 gained 0.62 % to return to 66,000 points. - Markets were supported by overnight US equity gains, cooling Treasury yields, and strong performances from heavyweights like Samsung Electronics and SoftBank.Shay Boloor Highlights Nvidia's 'Fundamentally Illogical' Valuation Discount As NVDA Eyes 'World Leader' Status In CPUs
benzinga_article·- Futurum Equities Chief Market Strategist Shay Boloor highlighted a research note from Raymond James describing Nvidia's valuation discount as fundamentally illogical. - Raymond James reported that Nvidia trades at under 15 times estimated 2027 GAAP earnings compared to 19 times for the S&P 500, while projecting the company could become the world leader in CPU revenue by 2028. - Backed by robust financial execution and projected 20% sales and net income growth, Raymond James raised Nvidia's stock price target to $ 352 from $ 330 while maintaining a Strong Buy rating.NVIDIA earnings preview: AI capex, Blackwell ramp and 216.40 bullish breakout hold the key
Market Pulse·- NVIDIA faces a critical test of AI demand as it must prove Data Centre growth justifies its US$ 5.2 trillion valuation. - Third-quarter guidance is crucial, where strong forecasts will support the AI trade and cautious outlooks could trigger de-risking. - A move above the key 216.40 breakout level may revive the medium-term uptrend, while a daily close below 195.95 would invalidate the bullish setup.Stock Market: Will S&P 500 Open Up or Down Today?
benzinga_article·- U.S. stock futures showed mixed movements as markets awaited Nvidia’s earnings report, PCE inflation data, and updates on the Strait of Hormuz. - Brent crude fell to $85.27 a barrel and WTI dropped to $80.31 following diplomatic talks and mine-clearing efforts. - Meanwhile, the Polymarket crowd reflected a 50 % chance of a higher open for the S&P 500 on August 26.Jim Cramer Sees 'No Real Competitors' to Nvidia, Even as Sam Altman Says OpenAI 'Made a Chip and It Is Fast'
benzinga_article·- OpenAI announced its first custom inference chip, Jalapeño, developed with Broadcom to lower AI costs and improve efficiency. - Benchmark results indicate Jalapeño outperforms Nvidia systems in performance per watt and latency, with deployment planned for late 2026. - Financial commentator Jim Cramer expressed skepticism regarding the chip's ability to genuinely threaten Nvidia's market dominance.Japan, South Korea Stocks Diverge Ahead of Nvidia Earnings: KOSPI Surges Past 6,800, Nikkei Opens Lower, Samsung Electronics and SK Hynix Buck Trend
TradingKey·- Japan and South Korea stock markets diverged during the August 26 trading session, with the KOSPI Index surging past 6,800 points while the Nikkei 225 Index opened lower and slid 0.42% to 65,578.15 points. - South Korean heavyweights Samsung Electronics and SK Hynix advanced 1.07% and 0.89% respectively, while Japanese stocks experienced mixed results and exporter profit expectations faced pressure from a strengthening yen. - Investor caution ahead of Nvidia's upcoming earnings report and Federal Reserve policy signals drove the divergence across regional markets.U.S. Stock Futures Flat Ahead of Nvidia (NVDA) Q2 Results
Tip Ranks·- U.S. stock futures remained relatively flat on Tuesday evening as investors anticipated upcoming inflation data and Nvidia's second-quarter earnings report. - The market awaited the release of the July PCE inflation report alongside results from major technology firms like CrowdStrike, Salesforce, Okta, and HP. - Nvidia was expected to report an EPS of $2.10 on $92.18 billion in revenue, with its market capitalization exceeding $5 trillion giving the report significant potential to influence the broader market.Top 5 US Stock Gainers/Losers (>100B) (8.25)
Top Gainers&Losers·- Major U.S. stock indices closed higher on August 25, with the Nasdaq Composite rising 0.66 %, the S & P 500 up 0.32 %, and the Dow Jones increasing 0.3 %. - Robinhood and Bank of Nova Scotia recorded notable gains of 8.17 % and 7.18 %, with turnover reaching 2.7 billion dollars and 390 million dollars respectively. - Palo Alto Networks and CrowdStrike experienced declines of 3.13 % and 2.78 %, despite strong year-to-date gains of 84.5 % and 58.2 %.