Afternoon Note
All major indices are in the red today, as the market braces for NVDA earnings, with the Nasdaq Composite selling off the most, down 1.06%.
Shares of Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) hit $1 trillion in market cap today and becomes the first US company outside of Technology to cross this market cap.
The Fear & Greed Index remains unchanged since last week and still stuck on neutral.
Utilities (XLU), Health Care (XLV), and Financials (XLF) are the only three sectors in the green so far today. The two sectors lagging the most are Technology (XLK), down 1.43% and Consumer Discretionary (XLY), falling 1.08%.
Shares of Super Micro Computer, Inc. (SMCI) led the Technology sector lower on news of potential accounting misrepresentations.
All eyes on Jensen Huang who is becoming an influencer outside the world of tech. The betting is that the company beats consensus and the shares surge, which has happened five times in the last six releases.
There is light participation with volume still below-average at the NYSE and Nasdaq.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
1,078 |
1,210 |
Decliners |
1,678 |
2,814 |
New Highs |
177 |
95 |
New Lows |
20 |
86 |
Up Volume |
345.8 million |
922.35 million |
Down Volume |
1.05 billion |
2.12 billion |
Comments |
I rolled the dice and bought NVDA at $108.69 and AMD at $130.06 on the dips. I will buy again below those prices. I'm accumulating for my kid and grandkids. Chips rule baby! Tom Hall on 8/28/2024 7:34:34 PM |
Tweet |
11/21/2024 9:38 AM | SOME BOTTOM FISHING AMID ALL THE CHASING |
11/20/2024 1:11 PM | All Eyes on Nvidia |
11/20/2024 9:50 AM | GENERALS TO THE RESCUE |
11/19/2024 1:30 PM | Shaken Off Fears |
11/19/2024 9:37 AM | TERRA FIRMA |
11/18/2024 12:57 PM | Animal Spirits |
11/18/2024 9:35 AM | FAST MOVING DEVELOPMENTS & EMOTIONS |
11/15/2024 1:12 PM | Continued Pressure |
11/15/2024 9:43 AM | CERTAIN CUTS (TRUMP ADMIN) & UNCERTAIN CUTS (POWELL) TRIP RALLY |
11/14/2024 1:38 PM | Muted |
11/14/2024 9:57 AM | Just Win |
11/13/2024 1:21 PM | Rate Cut Bets |
11/13/2024 10:01 AM | RENEWED HOPE FOR PEACE & STRENGTH |
11/12/2024 1:33 PM | Profit Taking Tuesday |
11/12/2024 9:47 AM | FLAME ON |
11/11/2024 1:07 PM | Tired Rally |
11/11/2024 9:49 AM | The Markets Are Pumped |
11/8/2024 1:04 PM | Stellar Week |
11/8/2024 9:47 AM | POWELL GETS TOUGH (WITH TRUMP, NOT INFLATION) |
11/7/2024 12:57 PM | Rate Decision |
11/7/2024 9:55 AM | THE SWAGGER IS BACK |
11/6/2024 1:25 PM | Trump Trade Bonanza |
11/6/2024 9:47 AM | Election Rally |
11/5/2024 12:54 PM | Holding the Script |
11/5/2024 9:50 AM | VOTE, AMERICA |
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