Beat the street: NVIDIA earnings could cause big stock market swings; FOMC minutes; Oil
Can NVIDIA's results impress enough to keep the stocks grind-up in play, or are traders in for a shock? Traders eye the latest FOMC minutes and Fed speakers for more clues on the timing of the first Fed rate cut.
Oil traders ponder 'higher for longer' interest rate landscape.
(AI Video Summary)
NVIDIA's forthcoming earnings
In today’s "Beat the street" video hosted by Angeline Ong, the focal points are NVIDIA’s forthcoming earnings, potential Fed rate cuts, and overall market sentiment ahead of the Wall Street open. Key insights include NVIDIA's ability to outperform expectations and possibly implement measures like a stock split to sustain upward momentum, despite high expectations baked into its stock price. Chris Vecchio from Tastylive emphasises the necessity for traders to hedge their positions via strategies like selling call spreads on NVIDIA due to its high implied volatility.
Fed minutes and actions
Additionally, Fed minutes and actions were discussed, hinting at prolonged higher interest rates, which influences the broader financial markets. The conversation also briefly touches on the tech-heavy NASDAQ index and the consumer confidence depicted through Target’s earnings results, stressing the interrelation of stock performance, consumer behavior, and ongoing financial policies.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
