Monday Market Must-Knows: February 19, 2024
The upcoming trading week is expected to be relatively flat compared to last week, with notable exceptions in the cryptocurrency market, particularly Bitcoin, which saw significant gains.
Earnings reports remain a focal point, with 771 companies scheduled to report, including major names like Walmart, Home Depot, and Nvidia, which has recently become the third largest company in the United States. Nvidia's earnings will be closely watched, as its performance could have a significant impact on the market, given its recent market capitalization surge and leadership in AI technology. Additionally, manufacturing and services data, particularly from key economies like France, Germany, and the United States, will be monitored for potential GDP impacts. Lastly, market attention will be on the release of FOMC meeting minutes, providing insight into future rate decisions and monetary policy direction. Overall, the week's focus will be on Nvidia's earnings, alongside key economic indicators and FOMC insights. As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!