From Nasdaq: 2024-05-17 10:21:00

On Friday, May 17th, 2024, markets are expected to take a break following a week of strong performance. Despite Leading Economic Indicators in the U.S. for April being down -0.3%, market levels remain near record highs due to lower inflation figures revealed in the recent Consumer Price Index report. Bullish sentiment prevails with positive growth across major indices.

As the week winds down, NVIDIA is preparing to report earnings on Wednesday, with a +95% year-to-date growth. The company remains a Zacks Rank #1 (Strong Buy), showcasing the potential of AI technology in visual graphics. Market participants eagerly await New and Existing Home Sales data, S&P flash PMI Services and Manufacturing, Durable Goods, and Weekly Jobless Claims in the upcoming week.

Research Chief identifies the “Single Best Pick to Double,” highlighting a company targeting millennial and Gen Z audiences with nearly $1 billion in quarterly revenue. Sheraz Mian selects this stock for its explosive upside potential, making it an ideal investment opportunity post a recent pullback. Check out the top stock recommendation and four runners-up for potential lucrative returns.



Read more at Nasdaq: Econ Data Cools Ahead of NVIDIA Earnings Next Week