FMP
Nov 20, 2024 4:30 AM - Parth Sanghvi
Image credit: Mitesh
The S&P 500 closed in green, with a 0.6% gain driven by strength in the technology sector, led by Nvidia ahead of its earnings. Positive sentiment in growth stocks further fueled the rally, with tech-heavy indices outperforming other segments of the market.
Nvidia shares surged 3.9%, continuing its upward trajectory amid high expectations for earnings. Its growth has reinforced optimism across semiconductor and AI-linked companies.
Stay updated on corporate performance by analyzing quarterly financials with the Earnings Historical API.
The Russell 2000 Index also saw gains as investors shifted towards smaller-cap growth stocks, highlighting renewed risk appetite.
While the tech sector thrived, other parts of the market struggled due to concerns about monetary policy. Investors remain cautious as Federal Reserve officials hint at potential policy adjustments.
Track rate-sensitive sectors with the Sector Historical API for deeper insights into market shifts.
Nvidia's leadership continues to shape market trends, acting as a catalyst for the tech sector's strong performance. However, broader concerns about monetary policy keep the market balanced between optimism and caution. As earnings season unfolds, monitoring key indicators and sectoral movements will remain critical for informed investment decisions.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...