From Nasdaq: 2024-05-20 10:49:00

Last week’s market reports indicated a soft landing for the economy, resulting in record highs for the stock market. This week, the Dow is above 40K for the first time, with indices drifting higher. Fed speeches and minutes from the latest FOMC meeting are expected, along with NVIDIA’s fiscal Q1 earnings report.

NVIDIA will report fiscal Q1 earnings with expectations for revenue growth of over +230% and earnings growth of +400% year over year. The stock, up nearly +200% in the past year, carries a Zacks Rank #2. The outcome will provide insight into the A.I. economy’s current status and future prospects.

A little-known chemical company, up 65% over the past year, could rival or surpass other stocks with massive growth potential. Zacks experts have selected this company as having the most explosive upside, with soaring earnings estimates and significant share repurchases. Retail investors could see substantial gains from this opportunity.



Read more at Nasdaq: Low Data Week Commences With Pre-Markets in the Green