Veteran stock trader takes hard look at Nvidia ahead of earnings
The Wall Street veteran wonders if analysts have reached a consensus on Nvidia.
The Wall Street veteran wonders if analysts have reached a consensus on Nvidia.
(Bloomberg) -- Chinese stocks have been notably calm during the recent bout of global market volatility, as investors opt to stay on the sidelines until there is clarity on tariffs and domestic stimulus. Most Read from BloombergNY Wins Order Against US Funding Freeze in Congestion FightThe CSI 300 Index has moved less than 0.5% in half of the sessions over the past month. Turnover has drifted lower as traders avoided building leveraged positions. With the broader stock market lacking direction,
KULR Technology is set to be added to the Russell 3000 Index on June 30, which is expected to increase its visibility and appeal among institutional investors.
Japan's Nikkei share average will climb about 5% by end-year as uncertainties over U.S. trade policies that have been holding the index back continue to clear up, although volatility is likely in the near term, according to equity strategists in a Reuters poll. The Nikkei is forecast to trade at 39,600 at the end of December, according to the median estimate of 17 analysts polled between May 15 and 27, up from Tuesday's close of 37,724.11. Three analysts predicted the Nikkei will top July's all-time peak of 42,426.77 by June next year, and two analysts saw it doing so by end-2026.
In the latest trading session, BlackRock (BLK) closed at $981.32, marking a +1.88% move from the previous day.
Any time an analyst cranks their price target on a stock more than 50% higher, you can bet the market will stand up and take notice. Before market open, Citigroup's Paul Lejuez raised his Five Below price target. Despite the fairly drastic move, Lejuez maintained his neutral recommendation on the stock.
American Express stock jumped on the news that consumer confidence was higher than expected in May. The Consumer Confidence Index was up for the first time in months. The move up comes as the S&P 500 (SNPINDEX: ^GSPC) jumped 2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped 2.5%.
The S&P 500 rose 2.1% on Tuesday, May 27, 2025, after President Trump postponed new tariffs on imports from Europe.
A tariff reprieve from U.S. President Donald Trump, a surprise bounce in U.S. consumer confidence and a slide in government bond yields sparked a rally across most markets on Tuesday, particularly U.S. assets, with Wall Street, Treasuries and the dollar all outperforming. In my column today I look at how much the dollar may need to fall if the Trump administration is to succeed in making a significant dent in the U.S. trade deficit. Long bond blues stress the 'bedrock': Mike Dolan 2.
NEW YORK (Reuters) -Traders in the options markets are bracing for industry-wide volatility when AI-chipmaker Nvidia reports results on Wednesday, with defensive options contracts on a major semiconductor ETF drawing heavy trading. For VanEck Semiconductor ETF, the largest semiconductors ETF with some $22 billion in assets, about 2.4 put options changed hands daily over the last 10 days against every call option traded, the most defensive the trading has been in about 10 months, according to Trade Alert data. Call options convey the right to buy shares at a fixed price in the future while put contracts offer the right to sell the shares at a given price.