Afternoon Note
All major indices are in the red today, as the market braces for NVDA earnings, with the Nasdaq Composite selling off the most, down 1.06%.
Shares of Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) hit $1 trillion in market cap today and becomes the first US company outside of Technology to cross this market cap.
The Fear & Greed Index remains unchanged since last week and still stuck on neutral.
Utilities (XLU), Health Care (XLV), and Financials (XLF) are the only three sectors in the green so far today. The two sectors lagging the most are Technology (XLK), down 1.43% and Consumer Discretionary (XLY), falling 1.08%.
Shares of Super Micro Computer, Inc. (SMCI) led the Technology sector lower on news of potential accounting misrepresentations.
All eyes on Jensen Huang who is becoming an influencer outside the world of tech. The betting is that the company beats consensus and the shares surge, which has happened five times in the last six releases.
There is light participation with volume still below-average at the NYSE and Nasdaq.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
1,078 |
1,210 |
Decliners |
1,678 |
2,814 |
New Highs |
177 |
95 |
New Lows |
20 |
86 |
Up Volume |
345.8 million |
922.35 million |
Down Volume |
1.05 billion |
2.12 billion |
Comments |
I rolled the dice and bought NVDA at $108.69 and AMD at $130.06 on the dips. I will buy again below those prices. I'm accumulating for my kid and grandkids. Chips rule baby! Tom Hall on 8/28/2024 7:34:34 PM |
Tweet |
9/13/2024 1:00 PM | Picking Up Momentum |
9/13/2024 9:48 AM | SUPERHEROES |
9/12/2024 1:02 PM | Small Caps Take The Lead |
9/12/2024 9:55 AM | TECH SAVES THE DAY |
9/11/2024 1:05 PM | CPI Fears |
9/11/2024 9:57 AM | THE ECONOMY IS UNWELL |
9/10/2024 1:17 PM | Sea of Red |
9/10/2024 9:54 AM | FEELING BUSHWACKED |
9/9/2024 1:12 PM | A Green Monday |
9/9/2024 9:43 AM | WHATEVER, JANET |
9/6/2024 1:27 PM | Topsy-Turvy Market |
9/6/2024 9:49 AM | ALL HELL TO BREAK LOOSE |
9/5/2024 1:34 PM | Lacking Conviction |
9/5/2024 10:07 AM | LOOKING FOR MOXIE |
9/4/2024 1:34 PM | Cooling Down |
9/4/2024 9:38 AM | CLOBBERED! |
9/3/2024 12:55 PM | Hissy Fit |
9/3/2024 9:37 AM | WILL THE RALLY KEEP ROLLING? |
8/30/2024 1:25 PM | End of Summer |
8/30/2024 9:44 AM | FEELING THE WARMTH |
8/29/2024 1:27 PM | Rallying even as NVDA fades |
8/29/2024 9:45 AM | NOT MEDIOCRE BUT EXPECTATIONS WERE SKY HIGH |
8/28/2024 1:54 PM | Nvidia Day |
8/28/2024 9:50 AM | DEFYING GRAVITY |
8/27/2024 1:34 PM | Nerves Ahead of NVDAs Results |
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