The poster child of the AI theme is reporting earnings this week, with options markets implying a close to 10% move for Ndivia on their earnings release this week.
Given the over 6% weighting in the S&P and close to 12% weighting in the Nasdaq it can really move the needle should earnings offer meaningful positive or negative surprises.
At this stage it feels like a lot of good news have been priced in, and arguably means that the size of beat and guidance needs to be solid to hold up to what is priced.
Another name to keep on the radar is Salesforce with a chunky weighting of close to 5% in the Dow.
This article was written by Arno V Venter at www.forexlive.com.
Recent Posts
Categories
Related Articles
Mixed end to the day for the major indices
The major US stock indices are closing the day with mixed results....
Qualcomm has approached Intel about a takeover in recent days
Shares of Intel are trading up 5.82% after reports from the WSJ...
EURUSD held the support outlined in the morning kickstart video and bounced. What next?
Earlier today, in the kickstart video, I outlined the following key support...
Fed Harker: There is a risk that inflation decline could stall
Fed's Harker who has already spoken earlier today, is back on the...
Leave a comment