NVDA Aug 2024 715.000 put
| Previous Close | 2.0800 |
| Open | 2.0800 |
| Bid | 1.6700 |
| Ask | 1.9400 |
| Strike | 715.00 |
| Expire Date | 2024-08-16 |
| Day's Range | 2.0800 - 2.0800 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 9 |
- Yahoo Finance Video
Nvidia comeback, FedEx, Rivian and Volkswagen: 3 Things
Nvidia (NVDA) rallied in Tuesday's session, snapping a three-day losing streak that dragged tech-heavy market indexes (^DJI, ^IXIC, ^GSPC) down along with it. FedEx (FDX) shares are jumping in pre-market trading after beating fiscal fourth-quarter earnings estimates and opening up more about the success of the delivery company's cost-cutting efforts. Rivian (RIVN) stock surges after Volkswagen (VOW3.DE, VWAGY) announced a $5 billion investment into a joint EV venture. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
FedEx earnings, Cybertruck recall: Market Domination Overtime
On today's episode of Market Domination Overtime, hosts Julie Hyman and Josh Lipton analyze the market close and some of the biggest stories of the trading day. The Dow Jones Industrial Average (^DJI) reversed course from its Monday gains, closing Tuesday's session lower by over 290 points. Meanwhile, the Nasdaq Composite (^IXIC) soared by 220 points. Federal Reserve leaders spoke on Tuesday, outlining their thoughts on the current state of the economy. Pence Capital Management chief investment officer Dryden Pence signals the potential for one interest rate cut at the end of the year, explaining, "[The Fed] would like to pivot, but I think it continues to move to the right because you have this tremendous robustness of the American economy. I think what people have forgotten is we've added so many workers; we've added 6.1 million new people working in this country since the height of pre-pandemic. When you think about that, that's like adding the entire labor force of Illinois, and that's like adding the entire GDP of France, which is the seventh largest country in the world. And so we've grown France in the last four years." FedEx (FDX) reported fourth quarter earnings that topped Wall Street expectations. The shipping giant reported adjusted earnings of $5.41 per share compared to the estimated $5.34. Pence points to a reacceleration in e-commerce and improved margins as tailwinds for the company. On the autos front, shares of Rivian (RIVN) jumped after Volkswagen (VWAGY, VOW.DE) announced it would invest up to $5 billion as part of a joint venture. Meanwhile, Tesla (TSLA) is under pressure after announcing its fourth recall of the Cybertruck. Finally, Julie Hyman and Josh Lipton break down what to watch on Wednesday, June 26, from Nvidia's (NVDA) shareholder meeting to Chipotle's (CMG) 50-for-1 stock split. This post was written by Melanie Riehl
- Yahoo Finance Video
'Weaponized FOMO' has been a theme of market rally, Nvidia
Shares of Nvidia (NVDA) are rebounding in Tuesday's session after a three-day sell-off. Interactive Brokers Chief Strategist Steve Sosnick joins Market Domination to discuss Nvidia's stock movement and the broader tech rally. "It's Nvidia's market and we're all just trading in it," Sosnick explains. He notes how Nvidia has been spearheading the tech sector's growth (XLK) and the broader market rally (^DJI, ^IXIC, ^GSPC). While the tech sector's rally may spark concerns, he notes that its recent dip isn't a problem "because of end-of-the-quarter factors making it more of a rotation." "These companies do earn very good money. And someone asked me today, 'Would you buy Nvidia at these levels?' And my comment was kind of neither here nor there because it's not cheap, but it's not expensive either, because they do earn ridiculous amounts of money. It's just how much growth is priced in," Sosnick explains. He points to "weaponized FOMO" as one of the themes driving the market rally: "For institutional portfolio managers, it's the real deal. And the reason being is they can't be behind their peers. So, if that guy over there is making a ton of money in Nvidia or that guy's making it in GameStop (GME), I may not have put all my chips on the table. That's fine. But if I'm an institutional investor, I can't professionally be in that bottom quartile. I can't miss this rally," he explains. Sosnick adds that this creates a "piling effect" where stocks become very heavily weighted. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
