Latest news with #JJKinahan
Economic Times
18-05-2025
- Business
- Economic Times
US stock market outlook: Will S&P 500, Dow Jones, Nasdaq open in green on Monday?
US stock market prediction is out and S&P 500, Dow Jones, and Nasdaq investors will eye positive trading. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs US stock market and the Wall Street's key indexes -- S&P 500 Dow Jones , and Nasdaq -- will look to continue its positive momentum throughout the week starting on April have staged a massive recovery since President Donald Trump's April 2 announcement set off extreme volatility and sent stocks plunging. The benchmark S&P 500 index is up over 18 per cent from its April closing low and has erased its losses for the stock market just continues to bounce back, experts told Reuters.A batch of U.S. retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market's sharp in the coming week also include apparel maker Ralph Lauren and off-price retailer TJX Cos, with the various reports offering insight into a number of consumer segments, investors topic of interest is whether shoppers will "trade down" to less expensive items "because people are nervous about rising prices," said JJ Kinahan, CEO of IG North America and president of online broker Tastytrade.A1. US stock market indexes are S&P 500, Dow Jones, and Nasdaq.A2. The benchmark S&P 500 index is up over 18 per cent from its April closing low and has erased its losses for the year.
Time of India
18-05-2025
- Business
- Time of India
US stock market outlook: Will S&P 500, Dow Jones, Nasdaq open in green on Monday?
US stock market and the Wall Street's key indexes -- S&P 500, Dow Jones , and Nasdaq -- will look to continue its positive momentum throughout the week starting on April 19. Stocks have staged a massive recovery since President Donald Trump's April 2 announcement set off extreme volatility and sent stocks plunging. The benchmark S&P 500 index is up over 18 per cent from its April closing low and has erased its losses for the year. The stock market just continues to bounce back, experts told Reuters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo A batch of U.S. retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market's sharp rebound. Results in the coming week also include apparel maker Ralph Lauren and off-price retailer TJX Cos, with the various reports offering insight into a number of consumer segments, investors said. Live Events One topic of interest is whether shoppers will "trade down" to less expensive items "because people are nervous about rising prices," said JJ Kinahan, CEO of IG North America and president of online broker Tastytrade. FAQs Q1. What are key indexes of US stock market? A1. US stock market indexes are S&P 500, Dow Jones, and Nasdaq. Q2. How is S&P 500 index performing? A2. The benchmark S&P 500 index is up over 18 per cent from its April closing low and has erased its losses for the year.
Yahoo
30-01-2025
- Business
- Yahoo
Is Marvell Technology (MRVL) the Unstoppable Tech Stock to Buy Right Now?
We recently published a list of . In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other unstoppable tech stocks to buy right now. The technology sector continues to be driven by rapid innovation and the adoption of cutting-edge technologies. Advances in technology are significantly impacting lives, industries, and economies worldwide, with the integration of AI and ML revolutionizing workflows, enhancing productivity, and creating new revenue opportunities. Organizations around the globe are undergoing digital transformation to stay competitive, streamline operations, improve customer engagement, and drive innovation in their products and services. With substantial growth potential, the technology sector has consistently outperformed other sectors. In 2024, the S&P 500 Information Technology Sector Index rose by approximately 37%, outpacing the broader S&P 500 Index by an impressive 11.5%. This performance has led to skyrocketing market capitalizations for tech sector companies, prompting caution regarding high valuations. Following the market downturn triggered by DeepSeek's emergence, JJ Kinahan, CEO of IG North America, stated in an interview with BNN Bloomberg that while the market had reached incredibly high levels, macroeconomic concerns such as inflation and high interest rates persist. He also suggests that developments related to DeepSeek provided an excuse for profit-taking with a 'reset' occurring in tech stocks. Now the focus should shift to earnings and the actual benefits derived from those substantial investments. On a positive note, in his report on December 13, Adam Benjamin, Sector Portfolio Manager at Fidelity Investments, highlighted that the sector benefited in 2024 from outstanding results in the semiconductor industry, reflecting major corporate investments in AI infrastructure. He remains optimistic for 2025, as evident from his positive outlook: 'The outlook for the sector in 2025 and beyond may be bright, as tech companies continue to innovate and digitization and automation become increasingly important in our lives. I believe the next phase of development could present opportunities for software firms, as the application layer begins to roll out generative AI agents across end markets, and as the full benefits of AI begin to be realized. Progress may not be linear, though, and investors must be mindful of stock valuations and the timing and potential impact of further technological advances in the field, as well as the broader macroeconomic environment.' To identify the 10 best unstoppable stocks, we conducted extensive research to compile a list of fundamentally strong U.S.-listed companies that performed well in 2024 and are expected to continue their success in 2025. Our focus included technology companies with a market capitalization of $2 billion and above. We screened our coverage based on the following criteria: 1. Stock price should have outperformed the S&P 500 Index in 2024 (+22% rise in share price); 2. must have reported positive revenue growth over the last 5 years; 3. EPS growth for the next year is expected to be over 25%; 4. It should have a potential upside of at least 10%. Ultimately, the stocks were ranked in ascending order of their hedge fund sentiment as per Insider Monkey's database of 900 hedge funds, as of Q3 Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). An assembly line in a semiconductor factory, with workers at their stations. Marvell Technology, Inc. (NASDAQ:MRVL) is a supplier of data infrastructure semiconductor solutions for end-markets spanning from the data center market to enterprise networking, carrier infrastructure, consumer, and automotive/industrial. Its current product portfolio includes custom Application Specific Integrated Circuits ('ASICs'), electro-optics, ethernet solutions, fibre channel adapters, processors and storage controllers. The key growth drivers for Marvell Technology, Inc. (NASDAQ:MRVL) are the rising demand for data infrastructure solutions, the widespread adoption of AI and machine learning technologies, and the expansion of cloud computing services. Marvell's platforms, custom compute offerings and strategic partnerships are enabling the company to capture a larger share of the data infrastructure market. The company has a notable presence in the semiconductor industry, especially within the data infrastructure and networking segments. Its robust market position, significant opportunities in AI computing, and strategic alliances make the company make it a solid investment opportunity. The company pegs its data center accelerated compute addressable market at $202 billion by 2028, rising at a CAGR of 24% from 2023. Melius Research has recently initiated coverage of Marvell Technology, Inc. (NASDAQ:MRVL) with a Buy rating and a target price of $188. The analyst anticipates that Marvell will benefit from Microsoft's anticipated increase in investments. He also believes that the market consensus has yet to fully account for Marvell's long-term goal of capturing a 20% market share in the custom accelerator market for major cloud providers. In his view, the company's growth potential is significant, particularly driven by the AI trend. Overall, MRVL ranks 2nd on our list of unstoppable tech stocks to buy right now. While we acknowledge the potential of MRVL to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MRVL but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
Is NVIDIA Corporation (NVDA) the Unstoppable Tech Stock to Buy Right Now?
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other unstoppable tech stocks to buy right now. The technology sector continues to be driven by rapid innovation and the adoption of cutting-edge technologies. Advances in technology are significantly impacting lives, industries, and economies worldwide, with the integration of AI and ML revolutionizing workflows, enhancing productivity, and creating new revenue opportunities. Organizations around the globe are undergoing digital transformation to stay competitive, streamline operations, improve customer engagement, and drive innovation in their products and services. With substantial growth potential, the technology sector has consistently outperformed other sectors. In 2024, the S&P 500 Information Technology Sector Index rose by approximately 37%, outpacing the broader S&P 500 Index by an impressive 11.5%. This performance has led to skyrocketing market capitalizations for tech sector companies, prompting caution regarding high valuations. Following the market downturn triggered by DeepSeek's emergence, JJ Kinahan, CEO of IG North America, stated in an interview with BNN Bloomberg that while the market had reached incredibly high levels, macroeconomic concerns such as inflation and high interest rates persist. He also suggests that developments related to DeepSeek provided an excuse for profit-taking with a 'reset' occurring in tech stocks. Now the focus should shift to earnings and the actual benefits derived from those substantial investments. On a positive note, in his report on December 13, Adam Benjamin, Sector Portfolio Manager at Fidelity Investments, highlighted that the sector benefited in 2024 from outstanding results in the semiconductor industry, reflecting major corporate investments in AI infrastructure. He remains optimistic for 2025, as evident from his positive outlook: 'The outlook for the sector in 2025 and beyond may be bright, as tech companies continue to innovate and digitization and automation become increasingly important in our lives. I believe the next phase of development could present opportunities for software firms, as the application layer begins to roll out generative AI agents across end markets, and as the full benefits of AI begin to be realized. Progress may not be linear, though, and investors must be mindful of stock valuations and the timing and potential impact of further technological advances in the field, as well as the broader macroeconomic environment.' To identify the 10 best unstoppable stocks, we conducted extensive research to compile a list of fundamentally strong U.S.-listed companies that performed well in 2024 and are expected to continue their success in 2025. Our focus included technology companies with a market capitalization of $2 billion and above. We screened our coverage based on the following criteria: 1. Stock price should have outperformed the S&P 500 Index in 2024 (+22% rise in share price); 2. must have reported positive revenue growth over the last 5 years; 3. EPS growth for the next year is expected to be over 25%; 4. It should have a potential upside of at least 10%. Ultimately, the stocks were ranked in ascending order of their hedge fund sentiment as per Insider Monkey's database of 900 hedge funds, as of Q3 Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures graphics processing units (GPUs), system on a chip units (SoCs), and AI hardware and software. It primarily serves four major markets: Data Center, Gaming, Professional Visualization, and Automotive. For data centers, NVIDIA provides accelerated computing platforms and end-to-end networking solutions, including Quantum for InfiniBand and Spectrum for Ethernet, along with platforms for automated driving and AI Enterprise. NVIDIA Corp. (NASDAQ:NVDA) has evolved from a PC gaming GPU company to a dominant player in the accelerated computing space, offering full-stack computing infrastructure with data-center-scale solutions. The company's strength is evident in its commanding over 80% market share in GPUs. NVIDIA has greatly benefited from the growing adoption of AI and machine learning technologies, driving strong demand for its chips. The company's revenue, profitability, and market capitalization have surged since the introduction of GenAI models like ChatGPT. In the past year, NVIDIA Corp. (NASDAQ:NVDA) stock rose 109%, significantly outperforming the broader S&P 500 Index, which increased by only 24%. Despite a recent selloff triggered by news related to Deepseek, the stock remains a consensus Buy among analysts, who still see an upside of around 36%. Theo Mass, portfolio manager at Northcape Capital, recently remarked that the 17% overnight plunge in Nvidia shares was 'wildly overdone,' as it did not fundamentally change the growth outlook for NVIDIA Corp. (NASDAQ:NVDA). Addressing concerns about Deepseek potentially hampering demand, Northcape Capital remains bullish on NVIDIA's outlook. As Mr. Mass stated: 'The biggest game in town that these mega-cap tech companies and US chip suppliers are pursuing is still inference AI over the next five to 10 years. While training has been a significant start to the AI phenomenon, in five or 10 years, Deepseek will be a small start-up in the grand scheme of things. Nvidia has noted that 40% of their revenue is already related to inference AI, and they welcome some competition and optimization in these models. So, I'm still bullish on Nvidia.' Overall, NVDA ranks 1st on our list of unstoppable tech stocks to buy right now. While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Emirates 24/7
29-01-2025
- Business
- Emirates 24/7
US tech shares recover some losses from steep DeepSeek selloff
Technology shares on Tuesday regained some ground lost with AI chip leader Nvidia closing up 8.9% as some investors shopped for bargains after the previous day's record-breaking wipeout sparked by a low-cost Chinese artificial intelligence model that could threaten the dominance of U.S. rivals. On Monday, Nvidia lost about 17% or close to $593 billion in market value - a record one-day loss for any company, while shares of companies in semiconductor, power and infrastructure companies exposed to AI collectively shed more than $1 trillion. Monday's selloff, which hammered many tech stocks across the globe, was prompted by the release of a free AI assistant from China's DeepSeek that the startup said needed less data at a fraction of the cost of incumbent services. DeepSeek drew worldwide attention, although skepticism lingered over its cost claims. The broader technology sector came back with a 3.6% rally on Tuesday after falling 5.6% the day before. The Philadelphia semiconductor index rose 1.1% on Tuesday after falling 9.2% in the prior session, its deepest one-day percentage drop since March 2020. "Yesterday was an initial reaction. Today investors are asking if anybody did any sort of homework and made sure DeepSeek is exactly what they say it is. Can we have more proof that they really built it for so much less?" said JJ Kinahan, president of tastytrade brokerage in Chicago. Nvidia shares closed Tuesday's session at $128.99, still well below Friday's $142.62 close. Oracle finished up 3.6% after falling about 13.8% on Monday. And Marvell Technology shares rose 3.5% after falling 19% the previous day. Shares of another chip heavyweight, Broadcom, gained 2.6% on Tuesday after dropping 17.4% on Monday. Point72 Asset Management's founder, Steven Cohen, told a conference in Miami on Tuesday that "what happened with DeepSeek is actually bullish because it advances the move to artificial intelligence." Nvidia's slide on Monday did little to blunt options traders' enthusiasm for the chipmaker, with traders quick to pile back into bullish Nvidia contracts as the stock recovered. The selloff may make investors more cautious about valuations of AI-related stocks, according to Cody Acree, chip industry analyst at Benchmark Company. But the emergence of cheaper AI models will not negate the need for more advanced chips according to Acree, who expects demand for high-performance AI as well as economically sensitive offerings such as DeepSeek. Meanwhile, developers at leading U.S. AI firms were praising the DeepSeek AI models while also questioning the idea that their multibillion-dollar technology has been bested by a low-cost alternative. Sam Altman, CEO of Microsoft-backed OpenAI, called the company an "impressive model," while U.S. President Donald Trump called it "a wakeup call for our industries". "We will obviously deliver much better models and also it's legit invigorating to have a new competitor!" Altman, the head of the AI firm behind ChatGPT, said in a social media post. DeepSeek's sudden burst onto the AI scene has upended the industry's perception that China was years behind its bigger U.S. rivals. On the European side, the U.S.-traded shares of Dutch semiconductor company ASML fell almost 1% on Tuesday after losing almost 6% on Monday. NO MARGIN FOR ERROR The selloff is a reminder of how much investor capital is concentrated in such a small number of stocks that trade at a large premium to the rest of the market. Before Monday's rout, Nvidia's shares were trading at nearly 60 times the value of its earnings, compared with 22 for the entire S&P 500, according to LSEG data. The hype around AI has powered a huge flow of capital into equities, leading to an increase of around $10 trillion in the market value of "Magnificent Seven" companies since ChatGPT kicked off the AI boom in November 2022. However, the slide of Nvidia's valuation multiple to its lowest in a year, at 26.76, attracted retail investors. Data analytics firm Vanda Research showed that retail investors took advantage of the selloff in Nvidia to snap up a record net $562.2 million in the company's stock on Monday. Buy orders from retail orders outnumbered sell orders by 2:1 ratio on Monday, according to data. Much of the tech index gains on Tuesday were thanks to market heavyweights such as Apple, which finished up 3.7% and was the Nasdaq's second-biggest boost, behind Nvidia. Other big drivers of the index were Microsoft, which rose 2.9% on Tuesday more than wiping out losses from the last two sessions. Facebook parent Meta Platforms added 2.2% for its seventh straight day of gains despite Monday's volatility. A number of Big Tech companies, including Apple and Microsoft, are due to report earnings later this week and investors will likely ask about capital spending and competition in AI. Follow Emirates 24|7 on Google News.
