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Stocks Strut as S&P 500 Hits New Heights Amid Fed Feels and Earnings Extravaganza

Last week saw the S&P 500 popping champagne corks with a 2.2% surge, marking its triumphant return above 4,500 for the first time since August. This bullish tango was fueled by whispers in the wind hinting at a possible Federal Reserve flirtation with interest rate cuts, all while inflation takes a breather. The index flaunted its third straight week of gains, a streak not seen since July, as if it were the stock market’s version of a victory lap. Meanwhile, amidst this financial fandango, Federal Reserve bigwigs were tossing uncertainties like confetti—some hinting at wrapping up tightening measures while others pondered over inflation’s dance moves.

Amidst this Wall Street waltz, the Nasdaq Composite Index added 2.4% to its repertoire, while the Dow Jones Industrial Average did a nifty 1.9% high-kick. But amidst the bustling ballroom of stock talk, all eyes are now trained on the spotlight-stealer: Nvidia (NVDA), set to take center stage in the earnings arena. As the week unfurls, investors are poised, martini in hand, eagerly awaiting Wednesday’s November FOMC meeting minutes, while a cavalcade of market stars including Zoom Video, Lowe’s, Baidu, and others gear up for their earnings symphony. This week promises a financial fiesta that could rival even the most dramatic reality TV show—it’s the market’s time to shine.

Agilent, Zoom gain following earnings

Reliance Global Group, Inc. (RELI) 34% LOWER; announced it has commenced an underwritten public offering.

Agilent Technologies (NYSE:A) 5% HIGHER; beat on the top and bottom line for the fourth quarter. Guidance was mixed.

Playtika Holding Corp (NASDAQ:PLTK) 3% HIGHER; Citi upgraded from Neutral to Buy with a price target of $11.00.

Keysight Technologies (NYSE:KEYS) 2% HIGHER; posted fourth-quarter EPS and revenue above the consensus. Group Ltd ADR (NASDAQ:TCOM) 2% HIGHER; beat on the top and bottom line for its third quarter.

Stantec (NYSE:STN) 2% LOWER; offers 2.7 million shares at $92.50

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) 2% HIGHER; authorized an increase in the number of shares which may be repurchased under the Company’s existing share repurchase program.

Dentsply Sirona Inc (NASDAQ:XRAY) 2% HIGHER; the CEO and CFO each bought stock.

Zoom (NASDAQ:ZM) 1% HIGHER; beat on EPS and revenue for the third quarter and issued fourth-quarter guidance above the Street.

Xylem (NYSE:XYL) 1% HIGHER; Deutsche Bank upgraded from Hold to Buy with a price target of $120.00 (from $104.00).


Nvidia’s Money Moves: Turning Heads and Raking in the Billions

In a classic act of financial flair, Nvidia pulled off another jaw-dropping performance last quarter. Picture this: $13.51 billion in revenues, a whopping 101% leap from the year before, leaving analysts staring wide-eyed as the company stomped over their revenue predictions by a cool 21.9%.

It’s like they hit the jackpot across the board, outshining nearly every key metric. The real kicker? Their data center segment went into overdrive, powered by Nvidia’s AI chips division, and if that wasn’t enough dazzle, their revenue forecast for the next quarter just shattered every analyst’s crystal ball. Nvidia’s not just playing the game, they’re rewriting the rulebook.

Investing smartly is akin to brewing the perfect cup of coffee—blend patience with precision, let it percolate with potential, and voila! You’ve concocted a financial brew that’s not just rich in returns but also keeps your portfolio perky and robust. Like a barista crafting the ideal espresso, a savvy investor combines research, diversification, and a dash of risk management to sip on success that’s as satisfying as that first morning cup.