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Tag: WMT

Weekly Update for the week ending March 1, 2024

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The North American stock markets have had a good run through the first two months of 2024. March has a tough act to follow but the month has a reputation for being a strong month for the North American stock markets, with historical trends showing positive movement more often than not. But remember, past performance is not a guarantee of future results.

Investor enthusiasm over all things related to artificial intelligence should continue to drive the markets higher. With fourth quarter earnings almost over, investors will now cast their eyes towards the Federal Reserve. Each bit of economic news, as well as speeches from Fed officials, will be dissected in an attempt to determine when the rates could begin to fall. I am sure there will be lots of ups and downs with each bit of news, hopefully a lot more ups than downs. So, buckle up, the rollercoaster is about to leave the platform.

Weekly Update for the week ending February 23, 2024

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Nvidia (NASD: NVDA) had itself quite the week. Following an impressive earnings presentation, Nvidia not only surpassed revenue and net income forecasts but also offered future earnings guidance that exceeded analyst predictions. Consequently, Nvidia’s stock surged by 17% in just two days, reaching a new all-time high and increasing its market value by about $277 billion. This was the largest single-session market value gain in history. At one point, Nvidia’s valuation briefly exceeded $2 trillion, before settling just under the $2 trillion mark. This made it the third largest company by market capitalization, surpassing giants like Alphabet (NASD: GOOGL) and Amazon (NASD: AMZN).