Nvidia stocktwits
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Nvidia stocktwits
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Nvidia stocktwits
The stock market has experienced a sharp run over the last three trading weeks, with just three down days for the Nasdaq With the tech-heavy index pausing at its July peak, investors are looking for a catalyst to push it to new heights. After popping on Monday, both of these charts have spent this week consolidating below their former highs as they await some potential news to entice new buyers. While everyone is focused on technology stocks, another market sector has been performing quite well. The cyclical sector is also a widely-watched proxy for how investors feel about the economy.
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Before the print, we noted that Nvidia had only seen a downside surprise in earnings vs. However, with analyst estimates high and bullish sentiment roaring into the print, bears thought the contrarian view might have paid off.
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