From Investors Business Daily: 2024-05-13 16:57:00

On Tuesday, Dow Jones, S&P 500, and Nasdaq futures remained steady ahead of the market open. Nvidia stock hit a new buy point, while GameStop surged after Keith Gill, also known as “Roaring Kitty,” returned to social media. Inflation data from the Labor Department is awaited. Keith Gill reemerged on social media after three years, sparking a surge in GameStop and AMC stocks. The Labor Department will release the producer price index report, with estimates of a 0.3% monthly increase and 2.2% annual rise. Wednesday will see the release of the consumer price index and retail sales data. Dow Jones tech icons Apple and Microsoft had mixed results on Monday, with Apple up 1.8% and Microsoft down 0.3%. The 10-year U.S. Treasury yield was at 1.48%, and oil prices closed around $79.20 a barrel. In terms of stock market actions, NetApp, NXP Semiconductors, Taiwan Semiconductor, and Tradeweb Markets are worth watching, with JPMorgan and Merck also in focus. Additionally, there are several stocks in or near buy zones, including American Express, Chipotle, Texas Roadhouse, and Tradeweb Markets. The Magnificent Seven stocks to watch include Nvidia and Tesla, while Dow Jones leaders Apple and Microsoft are also in the spotlight as they navigate market fluctuations.



Read more at Investors Business Daily: Nvidia’s Buy Point; GameStop Rockets 74% On ‘Roaring Kitty’