Beat the street: Micron; NVIDIA; Micron Technology; FedEx
Wall Street looks set to open mixed ahead of PCE and AI earnings. Traders eye NVIDIA's bounce back. Micron Technology's shares climb amid expectations its earnings will impress later.
FedEx’s better-than-expected full-year profits forecast comes after solid Q3 earnings.
(AI Video Summary)
Micron and NVIDIA share prices
In today's edition of "Beat the street" on IGTV with Angeline Ong, the focus is on the potential impacts of upcoming PCE data and Micron Technology’s earnings on the US stock market. Wall Street is experiencing mixed signals, with Micron and NVIDIA shares gaining traction due to strong anticipation around AI sector earnings.
S&P 500 and Nasdaq
The video also highlights the market’s resilience, with both S&P 500 and Nasdaq reasserting above their moving averages. The PCE data appears promising, aligning with the Fed's targets, hinting at possible easing measures by September which might boost equities.
There is also mention of seasonal strengths likely favoring stocks in the coming July weeks, while NVIDIA was recognized as a significant trade opportunity given its recent pullback.
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