Markets Rise Despite Challenges, NVIDIA Hits Milestone
- Markets saw a late-morning dip but recovered, with the Dow up +217 points, S&P +37 points, Nasdaq +0.94%, and Russell 2000 +1.07%. NVIDIA hit a $4 trillion market cap, Microsoft at record highs, Fastenal trading at 40x forward earnings, and Bitcoin reaching $112K.
- Amazon Prime Day started weak, down 41% from last year’s record sales of $14.2 billion. FOMC minutes released with some members pushing for rate cuts soon. Trump’s new tariff threats add uncertainty to trade deals.
- Tomorrow brings earnings reports from Delta, Conagra, and Helen of Troy. Weekly Jobless Claims show a drop in new claims but continuing claims remain high. Analysts are watching for trends in the labor market.
- Zacks Investment Research recommends 5 stocks set to double, with potential for +100% gains. These picks are under the radar and offer a great opportunity for investors. Links provide free stock analysis reports for Amazon, Microsoft, Delta, Fastenal, NVIDIA, Conagra, and Helen of Troy.
Read more at Nasdaq: Markets Rally Ahead Despite Potential Complications