Previous close | 29.85 |
Open | 31.55 |
Bid | 33.10 |
Ask | 33.30 |
Strike | 175.00 |
Expiry date | 2025-01-17 |
Day's range | 30.90 - 33.55 |
Contract range | N/A |
Volume | |
Open interest | 45.88k |
With Nvidia's (NVDA) earnings failing to drive markets the way investors had hoped, Commerce Street Capital CEO Dory Wiley joins Market Domination to share his market outlook and discuss how investors should position themselves within the Big Tech sector. Wiley highlights the importance of Nvidia's earnings: "Nvidia drives Mag 7, Mag 7 drives the market." He acknowledges that Nvidia "blew it out of the water" with its results. However, he notes that Big Tech has been "a weak spot in the market" despite Nvidia's value proposition. Despite the recent pressure on Big Tech and the "Magnificent 7," Wiley remains optimistic about these stocks' long-term prospects: "[They] have fundamental reasons to keep growing and to keep driving the markets ... If you under-allocate, you're in big trouble." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
It’s a cute little four-door hatchback that’s three feet shorter than Tesla Model Y. With its bright yellow paint job, the Seagull looks a little like a Minion from the back, even if it looks a tad grumpy from the front. A 100% import penalty will be placed on EVs like the hot-selling BYD Seagull, or the GAC AION S, while select batteries and battery components will be hit with a 25% levy. The penalties effectively block Chinese companies from bringing their cars to America and prompt U.S. auto makers to invest in domestic EV component manufacturers.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.