Futures: Nvidia EPS surges again; is enough?

Dow Jones futures, S&P 500 futures and Nasdaq futures were little changed after the bell. Nvidia (NVDADespite another strong beat and raise report, the late faltered.


Nvidia’s earnings have a huge impact on the market rebound and artificial intelligence stocks. Microsoft (Microsoft Corporation), Advanced Micro Devices (AMD), Google parent company letter (Google), meta platform (Mehta), Palantir Technology (PLTR) and super microcomputer (SMCI) is located in or near the buying area.

The major stock indexes pulled back slightly during the session on Tuesday, with Nvidia reporting earnings and small-cap stocks falling sharply. The stock market rebound still looks strong, although many leading stocks are extending their gains.

In addition to NVIDIA, urban clothing store (urban network), HP (HPQ), Autodesk (ADSK) and local (Delo) also released its earnings report Tuesday night.

ADSK and URBN stocks initially rose but reversed lower after closing in buy range. DLO stock plunged after third-quarter earnings per share and revenue fell. HP stock fell on mixed results.

Microsoft stock, Nvidia and Meta platforms are all live IBD rankings.META stock is now online swing traderMSFT stock is located at IBD Long-Term Leader Nvidia stock, Microsoft and AMD are all on the list IBD50Microsoft, Meta Platforms and SMCI stocks are among IBD Large Cap 20.

Dow Jones Futures Today

Dow Jones futures are trading at fair value. S&P 500 futures fell 0.1% and Nasdaq 100 futures fell 0.1%. Nvidia stock is a major component of the S&P 500 and Nasdaq 100, along with many other large-cap AI stocks.

Remember what you did that night Dow Jones Futures and other places that won’t necessarily translate into actual transactions on the next regular basis stock market Meeting.

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Stock market rebounds

Stock market gains retreated slightly on Tuesday as investors took profits ahead of Nvidia’s earnings report.

The Dow Jones Industrial Average fell 0.2% on Tuesday stock market tradingThe S&P 500 also fell 0.2% and the Nasdaq fell 0.6%.

The Nasdaq 100 retreated from Monday’s 52-week high.

The small-cap Russell 2000 index fell 1.3%, hovering below its 50-day line.

U.S. crude oil prices fell 6 cents to $77.77 a barrel.

The 10-year Treasury yield was flat at 4.42%.

Minutes of the Federal Reserve meeting from October 31 to November 1 showed that policymakers were still worried about inflation and did not consider cutting interest rates. The Fed minutes will have little impact on the stock market or Treasury yields.

Monday’s market rally into a strong trend looks healthy. Tuesday was only the third losing day for the S&P 500 and Nasdaq since bottoming in late October. Leading stocks performed well, although many continued their uptrends.


Among growth ETFs, iShares Expanded Tech-Software Sector ETF (IGV) were slightly lower on Tuesday. Microsoft stock is a major component of IGV. VanEck Vectors Semiconductor ETF (SMH) fell 1.5%. Nvidia stock is the #1 ranked stock in the SMH, of which AMD stock is a prominent member.

The ARK Innovation ETF reflects the more speculative story stocks (alke) fell 2.25%, with the ARK Genomics ETF (arkg) slip 3.7%

SPDR S&P Metals & Mining ETF (XME) rose 0.25%, Global X U.S. Infrastructure Development ETF (pave) fell 0.3%. SPDR S&P Homebuilders ETF (Xin Hong) fell 0.9%. Energy Select SPDR ETF (XLE) fell 0.2%, with the Healthcare Select Sector SPDR Fund (XLV) exceeds 0.6%

Industrial Select Sector SPDR Fund (XLI) and Financial Select SPDR ETF (XLF) fell slightly by 0.1%.

The five best Chinese stocks to watch right now

NVIDIA Earnings

Nvidia profits soar It grew 593% compared with the same period last year, and revenue jumped 206% to US$18.12 billion, both easily exceeding third quarter expectations. The AI ​​chip giant also guided higher.

But after blowout beat-raising reports in Q1 and Q2, will this please investors?

NVDA shares fell in slightly more active overnight trading. The stock fell 0.9% to 499.44 in Tuesday trading, still within range of the 476.09 buy point. double bottom base.

Artificial Intelligence Stocks

Microsoft’s stock price rose slightly in after-hours trading. On Tuesday, the stock price fell 1.2% to 373.07 points, with a range of 366.78 points. bottom of cup Buy some. A longer pause will allow the moving average to catch up.

The OpenAI drama isn’t over yet, but Microsoft may well end up strengthening its hand.

AMD shares are lower in long-term trading. Shares fell 1.9% to 119.18 on Tuesday. Nvidia competitor is currently trading at 122.41 Cup with handle Buy some.

Google shares were slightly lower in late trading. Shares edged up 0.5% to 136.97 on Tuesday. Investors can use Thursday’s high of 137.22 as an early entry opportunity. flat baseThe official buying point is 141.22.

Meta stock was little changed overnight.On Tuesday, the stock edged down 0.9% to 337.01, at buying area The integration dates back to late July.

PLTR stock edged lower in long-term action. On Tuesday, shares plunged 7.2% to x19.8 in an external downside reversal.Palantir stock falls back below 20.24 cup buy point, according to data Market Smith AnalysisOn Tuesday, Palantir won a contract with Britain’s National Health Service, albeit an expected one.

SMCI shares were steady in overnight trading. After rising 5.55% on Monday, shares fell 4.8% to 289.85 on Tuesday, arguably providing an early entry point. AMD stock has a 317.50 buy point from a less than ideal double bottom buy point.

Tim the market with IBD’s ETF market strategy

what to do now

Stock market gains have eased slightly, but November showed some real strength.

Investors should take advantage of the massive buying opportunities of the past few weeks and make large investments. At this time, many leading stocks are extending. The market pause will allow some stocks to form new buying points or additional entry points.

The market rally is in a strong trend, so investors can try to hold on to potential winners for the long term and prefer to bet on aggressive growth stocks. But stick to the selling rule.

Remember to look for new settings and update your watchlist.

read overall view Stay up to date with market direction and leading stocks and industries every day.

Follow Ed Carson on X/Twitter: @IBD_ECarsonThe thread is located at @edcarson1971 With the blue sky @edcarson.bsky.social Get stock market updates and more.

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