The world of finance is constantly evolving, with various economic indicators and market trends shaping the way investors make their decisions. This week’s trade overview includes reports from companies like Nvidia, Intel, On Holding, Walmart, Home Depot, Alibaba Group, Plug Power and many more.
At Goldman Sachs, analysts are bullish on Nvidia shares and predict that they will reach $1,100 by the end of the year. This represents an upside of over 20% from its current market price of around $900. The chip industry is expected to see increased investment in infrastructure for AI activities next year, which will support Nvidia’s financial results.
In other news, Intel stock has risen after announcing a new factory in Ireland. Swiss shoe manufacturer On Holding saw a 17% increase following positive reports, while Walmart plans to cut jobs and transition remote workers back to offices. Federal Reserve Chairman Jerome Powell expects inflation to decrease in 2024, despite recent unexpected price rises. Wall Street is experiencing slight increases, with some companies like Plug Power seeing significant gains after securing a government loan for green energy projects.
The market is reacting to various economic indicators, tariffs imposed on Chinese imports by the Biden administration and reports from companies like Home Depot and Alibaba Group. Wall Street is also seeing speculative trade around stocks like Gamestop and AMC influenced by social media activity. Trade in European and Asian markets is mixed, with fluctuations in indices and individual stock prices. The crypto sector is also seeing movement as Bitcoin
