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NVDA Aug 2024 685.000 put
- Yahoo Finance
There's something odd about the stock market's concentration: Morning Brief
It's no secret that a handful of tech stocks are powering the S&P 500 to record highs. But while that concentration isn't unusual, the lack of even correlation in the broader market is.
- Yahoo Finance Video
The S&P 500 and Nvidia, Chipotle stock split: Morning Brief
It's the middle of the week, but stocks aren't slowing down. The Morning Brief keeps investors informed on the latest market (^DJI, ^IXIC, ^GSPC) movements and top industry stories to start the trading day off right, hosted by Seana Smith and Brad Smith. In today's episode, Stifel Chief Equity Strategist Barry Bannister weighs in on Nvidia's (NVDA) broader market influence on tech-heavy indices like the S&P 500. CFRA Research Energy Equity Analyst and Deputy Research Director Stewart Glickman also comes on to discuss FedEx (FDX) fourth-quarter earnings. Other top trending stocks in Yahoo Finance's purview for this morning include Chipotle Mexican Grill (CMG) after its 50-for-1 stock split takes effect and begins trading at an adjusted price; Rivian (RIVN) after Volkswagen (VOW3.DE, VWAGY) announces its willingness to invest up to $5 billion in a joint EV software venture; and Southwest Airlines (LUV) as it slashes its full-year revenue guidance. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Nvidia is an 'easy match' for AI investors: Strategist
The AI trade continues to gain momentum, prompting investors to explore opportunities beyond Nvidia (NVDA). However, identifying promising stocks has proven challenging. Citi head of equity trading strategy Stuart Kaiser joins Catalysts to share his insights on the AI trade. Kaiser describes Nvidia's position in the AI trade as an "easy match," noting that some investors purchase this name to "buy the stocks that are like the pipes of the [AI] system." Despite Nvidia experiencing a significant sell-off as investors sought to diversify their portfolios, Kaiser observes, "People said, you know what, let me just go back to the clean and easy AI trade and not try to get cute with these other things." Addressing concerns about tech concentration in markets, Kaiser explains, "This is kind of how equity markets behave. Over any 12-month period, you're gonna have forty to fifty percent of returns come from just ten stocks." He further elaborates on market dynamics, stating, "There's a theme, a trend, a shift going on in the markets that tend to favor these winners. Momentum does well in those stocks." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
