Jerome Powell signals Fed easing cycle, but caution is warranted given the labor market's rapid weakening and persistent inflation. Retail earnings highlight margin pressures from tariffs, with Walmart and Home Depot both warning of price hikes to offset rising costs.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is set to report its second quarter results amid expectations of robust growth across its data center and compute segments, according to analysts at UBS. Ahead of next week's report, the firm raised its price target to $205 from $175 and maintained a ‘Buy' rating.
Markets move on gaps between reality and expectations. I expect the gap that could emerge after Nvidia reports second-quarter earnings next Wednesday will move markets more than what Federal Reserve Chair Jerome Powell said on Friday in Jackson Hole, Wyoming.
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Nvidia (NASDAQ: NVDA) has been showing exceptional financial strength, currently trading near its yearly high and enjoying a market cap of $4.27 trillion.
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