Buying pressure on the Dow Jones Industrial Average has reached historic levels across multiple time frames, according to SentimenTrader. In a recent note, Jason Goepfert, senior research analyst, pointed out that the Dow has risen in 152 of the past 250 trading days—an impressive win rate of nearly 61%. The...
Analysts are confident that Nvidia’s new Blackwell chip lineup is positioning the company for a strong financial performance next year. While Nvidia’s most recent earnings report didn’t exceed forecasts as significantly as in prior quarters, many on Wall Street believe the company is set to outperform moving forward. Cantor Fitzgerald...
DataTrek’s Nicholas Colas points out that the financial sector is “much more than just banks,” as investors await JPMorgan’s third-quarter earnings report, expected Friday. Last week, all three major U.S. stock indexes posted gains for the fourth straight week, driven by a stronger-than-expected jobs report. The financial sector of the...
As third-quarter earnings season begins, Goldman Sachs has once again raised its target for the S&P 500. Led by David Kostin, the Goldman Sachs team has now increased its forecast for the S&P 500 to 6,000 in the next three months, up from the previous estimate of 5,600. Looking further...
Stock market often experience a downturn in the three months following a presidential inauguration. No matter who wins the U.S. presidential election, the stock market tends to face challenges after Inauguration Day in January. Since the creation of the Dow Jones Industrial Average (DJIA) in 1896, one of its weakest...
The SPDR Gold Shares ETF saw a strong surge in the third quarter, fueled by growing investor optimism that the Federal Reserve could successfully achieve a “soft landing” for the U.S. economy. By the end of September, many investors appeared more confident that the Fed could lower inflation without triggering...
