Traders are always on the lookout for the latest trends in the stock market, trying to predict which way the market will move next. The recent rebound in the market has left many wondering what to expect in the next trading session. Here’s a breakdown of what to watch out for in the coming days.
Inflation is a key factor that investors are keeping an eye on. The producer price index and consumer price index data are set to be released, providing insights into the current state of inflation in the USA. Economists are predicting a slight increase in inflation numbers, which could impact market movement.
Gold prices have been on the rise, with the commodity up nearly 3% in the past week. This could be a sign of investors seeking safe-haven assets amidst market volatility. Similarly, the VanEck Gold Miners ETF has seen a 4.4% increase in the past week.
Home Depot, a major player in the home improvement industry, is set to report quarterly numbers. The stock has remained relatively flat since the last report three months ago, but is still down 13% from its March high.
Boeing, an airline maker, will be reporting July orders and deliveries. The stock has seen a 10% decrease since the last report a month ago, and is down 38.6% from its 52-week high in December.
Nvidia has been making headlines with its recent rebound. The stock was up 4.1% today and has seen an 8.5% increase in the past five sessions. Despite this, Nvidia remains 22.5% below its 52-week high.
Other tech giants like Meta, Apple, Microsoft, Alphabet, and Amazon are also experiencing fluctuations in their stock prices. These companies are all down from their recent highs, signaling potential market shifts in the tech sector.
Tesla’s competition in China will also be under scrutiny, with Chinese competitors like Li Auto, Xpeng, BYD, Zeekr, and Nio experiencing declines in stock prices. This could indicate challenges for Tesla in the Chinese market.
Lastly, 13F filings will provide insights into the stocks that major fundrunners are buying and selling. Warren Buffett’s Berkshire Hathaway is one filing that many are paying attention to, with the stock up 19% so far in 2024.
Overall, the stock market forecast is filled with uncertainty as investors navigate through economic data, company earnings reports, and global market trends. It will be interesting to see how these factors play out in the next trading session and beyond.