August 24, 2023

Markets:

Futures tied to the S&P 500 rose Thursday, as investors cheered strong second-quarter results from chipmaker Nvidia, which appeared to fuel even more excitement around artificial intelligence.

Nvidia shares popped 8% after the company reported quarterly earnings and revenue that exceeded lofty analyst expectations. The company also raised its guidance, with executives predicting third-quarter revenue would climb to $16 billion, or a year-over-year increase of 170%.

Investors also await comments from Federal Reserve Chair Jerome Powell from Jackson Hole, Wyoming, on Friday, which Wall Street hopes will provide insight toward the path of benchmark interest rates.

Portfolio:

We enter the new trading session holding positions in IOT, AEHR, COUR, NNDM, HPE, and CVE.  We anticipate a busy session ahead so pelase be ready.  The bounce and build is in effect and it'll be interesting to see if this momentum carries into Labor Day.  So many names are on the verge now for a breakout off of NVDA blockbuster report.  Premarket looks sensational for a number of names and so many opportunities are igniting.  Want to see how they open and hold.  But be ready today.