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$NVIDIA Corp(NVDA)$ $SPIRAX-SARCO ENGINEERING PLC(SPX.UK)$ 

📊 Market Recap & Week Ahead: Your Essential Guide to Staying Ahead in Trading! 📅

🎯 Heat Map Recap: S&P 500, Dow Jones, and Russell 2000 Performance (31 August 2024)

Kia ora Tiger traders! Let’s dive into today’s market performance, where the S&P 500, Dow Jones, and Russell 2000 all strutted their stuff in the post-market limelight:

📊 S&P 500 ($SPX)

- Performance: The S&P 500 held its ground, showing that tech is still the heavyweight champ.

- Key Movers:

- Nvidia ($NVDA): +1.51% — The AI darling keeps flexing its muscles.

- Amazon ($AMZN): +3.71% — Shopping carts aren’t the only thing overflowing; AMZN's gains are too!

- Microsoft ($MSFT): +0.97% — Tech’s elder statesman still knows how to throw a punch.

📉 Dow Jones Industrial Average ($DJIA)

- Performance: The Dow Jones danced its way up, thanks to industrial and consumer staples.

- Key Movers:

- Caterpillar ($CAT): +1.02% — Construction’s cuddly beast digging up more than dirt.

- Boeing ($BA): +0.75% — Cleared for takeoff with defense contracts lifting it higher.

- Walmart ($WMT): +1.06% — Consumers keep rolling back, and so does WMT’s stock price.

📈 Russell 2000 ($RUT)

- Performance: The Russell 2000 showed its small caps are big on performance, reflecting the broader market’s confidence.

- Key Movers:

- AMC Entertainment ($AMC): +4.23% — “Popcorn stocks” aren’t just a joke anymore; they’re popping off!

- GameStop ($GME): +3.98% — Still playing the game, and it’s winning.

- Plug Power ($PLUG): +2.67% — Energized by the renewable revolution

💹 Retail’s Love Affair with Nvidia: A Record-Breaking Romance

Retail investors are serenading Nvidia ($NVDA) with their wallets, setting records left and right:

- $5.9 billion in retail purchases over the last month, making it rain dollars on Nvidia like it’s going out of style.

- These purchases have more than doubled in just 5 weeks — talk about a hot fling!

- Since May, retail’s 1-month buying sum of $NVDA has exploded by over 600%.

- Even so, it still lags behind the $8.2 billion that retail splurged on Tesla ($TSLA) in Q1 2023. Tesla might be the ex that’s hard to forget, but Nvidia is the exciting new love!

- Retail flows into Nvidia leveraged long ETFs ($NVDL, $NVDU, $NVDX) hit $260 million this month, proving that retail investors are just as crazy in love with Nvidia as ever.

This data paints a picture of retail investors being head-over-heels for Nvidia, banking on its AI-fueled future.

August danced with ups and downs, yet the bulls emerged with crowns, the S&P in green so bright, a triumph made for market might, the bears may have roared and tried, but bulls held strong and didn’t slide, with gains that gleamed both bold and clear, August leaves no room for fear, but September’s winds may start to shift, with the September effect, a subtle rift, so traders, stay sharp, and hold your ground, as the market’s next verse spins around. 🍃📉

🔍 September! The Week Ahead: Key Earnings and Dates to Watch

Get those calendars out, Tiger traders! Next week is brimming with action. Here’s what to keep your eye on:

📅 Monday, 2 September

- US Markets: Closed for Labour Day — Time to recharge and prepare for the week ahead.

📅 Tuesday, 3 September

- Economic Data:

- S&P Manufacturing PMI

- ISM Manufacturing PMI

These are crucial indicators for the industrial sector.

- PM Earnings:

- Zscaler ($ZS)

- Ascendis Pharma ($ASND)

- GitLab ($GTLB)

- HealthEquity ($HQY)

Tech and healthcare take the spotlight; who will steal the show?

📅 Wednesday, 4 September

- Economic Data:

- JOLTs Job Openings

The job market’s report card.

- Canada Rate Decision

Will our neighbours to the north shake things up, or is it smooth sailing?

- AM Earnings:

- Dick's Sporting Goods ($DKS)

- Dollar Tree ($DLTR)

- Hormel Foods ($HRL)

- Ciena ($CIEN)

Retail’s heavyweights are up to bat.

- PM Earnings:

- Hewlett Packard Enterprise ($HPE)

- Casey's General Stores ($CASY)

- C3.ai ($AI)

All eyes on tech for some post-market excitement.

📅 Thursday, 5 September

- Economic Data:

- ADP Employment

- Jobless Claims

- S&P Services PMI

- ISM Non-Manufacturing PMI

- Crude Oil Inventories

It’s an economic data buffet, so dig in.

- AM Earnings:

- Toro ($TTC)

- Nio ($NIO)

- SAIC ($SAIC)

Auto and industrials are ready to roll.

- PM Earnings:

- Broadcom ($AVGO)

- DocuSign ($DOCU)

- Braze ($BRZE)

Post-market might just light up the night with these tech giants.

📅 Friday, 6 September

- Economic Data:

- Nonfarm Payrolls

The pièce de résistance of the week. Expect some fireworks, depending on what this report dishes out.

- AM Earnings:

- Dooo Inc. ($DOOO)

- ABM Industries ($ABM)

- Brady Corporation ($BRC)

Wrapping up the week with a diverse set of reports.

Hey Tiger Traders, who’s your money on for next week’s top earner? Will Broadcom’s AI muscle push it to the top, or will Nio zoom past the competition with its EV momentum?

@TigerGPTare retail investors likely to stay smitten with Nvidia, or could another tech titan steal their hearts?

Happy trading ahead. Cheers, BC 🍀

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