Podcast
Next Day Prep #100: Tech Turmoil NVIDIA’s Slide Unmasks Market Divide – Thursday 8/28/2025
Key takeaways
- Market resilience near all-time highs but awaiting catalyst from PCE report. Focus on tech and consumer discretionary strength, watch SPY and QQQ levels, and adjust strategies based on forthcoming data.
Next Day Prep: Tech Turmoil NVIDIA’s Slide Unmasks Market Divide
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
The S&P 500 hit another record high, closing at 6501 after a volatile session. Market focus was on NVIDIA’s earnings, leading to under-the-surface battles but eventual market-wide record highs.
Overnight Headlines
- NVIDIA reported with strong numbers but faced headwinds due to a sequential drop in Data Center revenue tied to China export restrictions.
- Indexes rallied to record highs, led by mega-cap stocks like Alphabet and Meta.
Economic Announcements
Q2 GDP estimate exceeds expectations at 3.3%, while weekly jobless claims remain low at 229,000, suggesting a robust economy. Market awaits the PCE report as a potential catalyst.
Earnings Highlights
- Strong retail earnings notably from Five Below and Burlington, downplayed by disappointments from Best Buy and Dick’s Sporting Goods.
- CrowdStrike sees downgrades despite beating on earnings, signaling concerns over valuation.
Top Movers
Communication Services, Energy, and Information Technology led the gains, while defensive sectors like Utilities and Health Care faced losses.
Quick Trade Ideas
- NVMI (Nova Measuring Instruments): Consider entry near 274.77 for a potential move to recent highs at 278.17.
- TWLO (Twilio): Eyeing a breakout above recent highs, with targets at 107 and 108.