Nvidia Earnings Loom Over Market as Shares Test $235 Ceiling and 10-Year Yield Tops 4.65%
Updated
Updated · CNBC · May 18
Nvidia Earnings Loom Over Market as Shares Test $235 Ceiling and 10-Year Yield Tops 4.65%
2 articles · Updated · CNBC · May 18
$235 is the key near-term level traders are watching for Nvidia ahead of Wednesday's earnings, after the stock climbed from about $165 over the past six weeks.
Jay Woods said a familiar beat-and-raise quarter could push Nvidia back through that ceiling, calling it the market's biggest potential tailwind; he sees $215 as minor support and $200 as major support.
4.65% on the 10-year Treasury yield is the other pressure point this week, with Woods warning a sustained break above it makes a move toward 5% technically plausible and could weigh on equities.
e.l.f. Beauty is another earnings name on Woods' radar, with the stock offering what he called an under-the-radar setup that could rebound toward $65 to $70 on strong results.
Can e.l.f. Beauty's celebrity brand acquisition offset the financial pressure from new U.S. tariffs?
Will a potential U.S.-China deal on AI chips become the next major catalyst for Nvidia's stock?
Can Nvidia's AI surge overcome the market-wide threat of a 5% U.S. Treasury yield?