Nasdaq Poised for Rebound: Nvidia Advances, Buffett Signals Buy on Tuesday

Bengaluru, India, Karnataka, India India
Carnival Corporation and FedEx set to report quarterly earnings on Tuesday
Despite cautious investor sentiment, US Treasury Secretary Janet Yellen reminded investors that top tax rate could return to 37% from current level of 39.6%
Federal Reserve continued to monitor economic data such as personal consumption expenditures (PCE) price index and consumer confidence data, with Fed Governor Michelle Bowman forecasting no reduction in interest rates for remainder of 2024
Home prices hit new record high in April but annual growth slowed slightly compared to previous month due to low inventory and high mortgage rates
Micron Technology Inc., Broadcom Inc., Qualcomm Inc., and Super Micro Computer also saw gains in early trading on Tuesday
Nasdaq Composite Index poised for higher open on Tuesday, June 25, 2024
Nasdaq Composite Index slumped more than 1% on Monday, marking its steepest one-day fall since late April due to concerns over sustainability of equity strength and rotation away from AI-linked stocks towards other sectors
Nvidia Corporation (NVDA) advanced 2.5% before opening bell after losing $430 billion in market value in previous three days
S&P 500 Index and Dow Jones Industrial Average expected to open higher
Warren Buffett's Berkshire Hathaway Inc. (BRKB), Flowserve Corporation (FLS), and Weatherford International plc (WFRD) flashed a buy signal for investors on Monday
Nasdaq Poised for Rebound: Nvidia Advances, Buffett Signals Buy on Tuesday

In the world of technology and finance, two significant developments emerged on Tuesday, June 25, 2024. The Nasdaq Composite Index was poised for a higher open as several tech stocks attempted to rebound from recent losses. Among these was Nvidia Corporation (NVDA), which advanced 2.5% before the opening bell after losing nearly $430 billion in market value in the previous three trading days.

Meanwhile, Warren Buffett's Berkshire Hathaway Inc. (BRKB), along with Flowserve Corporation (FLS) and Weatherford International plc (WFRD), flashed a buy signal for investors on Monday.

The Nasdaq Composite Index had slumped more than 1% on Monday, marking its steepest one-day fall since late April. The selloff was driven by concerns over the sustainability of equity strength and the rotation away from AI-linked stocks towards other sectors such as utilities and energy.

Despite these developments, investors remained cautious due to deficit concerns and the impending expiration of Trump's tax cuts in 2025. US Treasury Secretary Janet Yellen reminded investors that the top tax rate could return to 37% from its current level of 39.6%.

In other news, home prices hit a new record high in April, but annual growth slowed slightly compared to the previous month. The housing market remained tight due to low inventory and high mortgage rates.

Nvidia Corporation was not the only tech stock attempting to rebound on Tuesday. Micron Technology Inc., Broadcom Inc., Qualcomm Inc., and Super Micro Computer all saw gains in early trading.

The S&P 500 Index and Dow Jones Industrial Average were also expected to open higher, while the Federal Reserve continued to monitor economic data such as the personal consumption expenditures (PCE) price index and consumer confidence data. Fed Governor Michelle Bowman forecasted no reduction in interest rates for the remainder of 2024.

Quarterly corporate earnings were also on tap for Tuesday, with Carnival Corporation and FedEx set to report before markets opened.


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Confidence

91%

Doubts
  • Is the sustainability of equity strength a valid concern?
  • Will the rotation away from AI-linked stocks towards other sectors continue?

Sources

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nasdaq poised for higher open as Nvidia firms after selloff

Yahoo Finance Ankika Biswas Tuesday, 25 June 2024 13:28
  • Unique Points
    • Nasdaq expected to have a higher open on Tuesday
    • Nvidia advanced 2.5% before the opening bell after losing nearly 13% and $430 billion in market value in the last three trading days
    • Micron Technology, Broadcom, Qualcomm were up around 1% each
    • Super Micro Computer rose 2%
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

93%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock market today: Nasdaq set for gains as Nvidia turns a corner

Yahoo Finance Karen Friar Tuesday, 25 June 2024 13:29
  • Unique Points
    • US Treasury Secretary Janet Yellen reminded investors that the Trump tax cuts are set to expire in 2025, which could result in a return of the top tax rate to 37% from 39.6%.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (80%)
    The article contains selective reporting as it only mentions the slowdown in home price growth without providing context about other economic indicators. It also uses emotional manipulation by stating 'To this point, the investment bank believes that the pandemic housing shocks still have to pass through the market.' and 'Consider this alone: No tax cut extension would mean the top tax rate would return to 37%. That's real money for real people.'
    • Consider this alone: No tax cut extension would mean the top tax rate would return to 37%. That's real money for real people.
    • The investment bank believes that the pandemic housing shocks still have to pass through the market.
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Futures Mixed As Nvidia Rebounds; 3 Stocks Flash Buy Signals

Investors.com Investor's Business Tuesday, 25 June 2024 12:14
  • Unique Points
    • Nvidia and AI stocks tried to rebound in early Tuesday trading.
    • Warren Buffett’s Berkshire Hathaway, Flowserve, and Weatherford International flashed a buy signal Monday.
  • Accuracy
    • Nvidia advanced 2.5% before the opening bell after losing nearly 13% and $430 billion in market value in the last three trading days (contradicted by fact: Nvidia and AI stocks tried to rebound in early Tuesday trading)
    • Nasdaq expected to have a higher open on Tuesday (contradicted by fact: Dow Jones futures lost a fraction vs. fair value)
    • Quarterly corporate earnings are scheduled for the day including Carnival Corp before markets open and FedEx after the bell (not contradicted but not relevant to comparison)
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains some instances of inflammatory rhetoric and appeals to authority, but no formal or blatant logical fallacies are present. The author uses phrases like 'decidedly mixed', 'keeping retreating', and 'flashed a buy signal' which can be considered as inflammatory rhetoric. The author also mentions Warren Buffett's Berkshire Hathaway flashing a buy signal, which is an appeal to authority. However, these instances do not significantly impact the overall quality of the article.
    • ]The stock market rally was decidedly mixed Monday[.
    • Warren Buffett’s Berkshire Hathaway (BRKB) flashed a buy signal Monday[.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication