Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

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Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

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The opening of a Starbucks near South Korea’s Demilitarized Zone (DMZ) highlights the intersection of global commerce and geopolitics, showcasing the brand’s ability to establish itself even in politically sensitive locations. Positioned in an observatory in Gimpo, just 1.4 km from North Korea, the café provides patrons with a rare view of the reclusive state while enjoying the familiarity of a latte. This unique location is expected to attract both domestic and international visitors, capitalizing on the DMZ’s status as an unlikely tourist destination.

While Starbucks often tailors its expansion strategies to local cultural and economic contexts, this store’s strategic placement reflects its ambition to tap into South Korea’s thriving coffee culture while offering a distinctive experience. Tourists passing through military checkpoints and viewing North Korean territory emphasize the symbolic and literal bridging of starkly different worlds—a marketing narrative that could further boost Starbucks’ appeal.

From a business perspective, this venture demonstrates Starbucks’ commitment to innovation in location strategy, leveraging geopolitical intrigue to drive foot traffic. However, given the ongoing tensions on the Korean peninsula, the store’s proximity to such a contentious border could pose operational and reputational risks. Overall, this opening underscores the brand’s global reach and ability to find opportunity in unconventional markets.

Sturbucks Stock Chart Analysis

This 15-minute chart for Starbucks Corporation (SBUX) highlights recent price action. The stock is trading at $101.51, down 0.21% for the day. The overall trend on this timeframe shows a sharp rally early in the week, followed by a pullback and consolidation.

The chart indicates a recent high of $103.33, which may act as a key resistance level. The price retreated from this level and found support near $97.11. This bounce shows potential buyer interest around the lower levels. The recovery on the 27th suggests renewed bullish momentum but is tempered by some sideways trading in the most recent sessions.

The Relative Strength Index (RSI) is at 50.37, which reflects neutral momentum. It suggests neither overbought nor oversold conditions, indicating potential indecision among market participants.

From a technical perspective, the key zones to watch include resistance at $103.33 and support at $97.11. A break above resistance could pave the way for further upside, while a drop below support might indicate renewed bearish sentiment.

Traders may look for confirmation through volume or additional indicators, as the sideways consolidation suggests a lack of strong conviction in either direction at the moment. A breakout or breakdown is likely to set the next trend.

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Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, edged lower early Tuesday as investors remained cautious ahead of a pivotal week for the markets. Nvidia (NVDA), a key driver of the tech sector, continued its decline, shedding 4.2% Monday after a 3.2% drop on Friday. The stock is testing support at its 10-week moving average, a critical technical level.

Nvidia’s performance is closely watched due to its leadership in artificial intelligence. AI has been a major theme driving market gains in 2024. A break below the 10-week line with high trading volume could signal further downside. This may trigger broader weakness in tech-heavy indices like the Nasdaq. Conversely, a strong rebound would suggest renewed investor confidence. This could offer a potential entry point for investors bullish on the AI sector.

Meanwhile, market participants are awaiting the release of the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, later this week. The data will provide critical insights into inflation trends and could shape expectations for the Fed’s policy trajectory.

With uncertainty looming, traders should remain vigilant, focusing on key technical levels and macroeconomic data to guide investment decisions.

Nvidia Stock Chart Analysis

NVDA/USD 15-Minute Chart

The 15-minute chart of NVIDIA Corporation (NASDAQ: NVDA) shows a steady downtrend over recent sessions, with the stock declining from its high near $152.89 to its current level at $135.93. The price action indicates persistent selling pressure, as lower highs and lower lows dominate the chart. The sharp drop around November 24 suggests increased bearish momentum, likely driven by negative sentiment or external factors impacting the broader semiconductor industry.

The RSI (Relative Strength Index) is currently at 29.18, indicating that the stock is in oversold territory. This suggests that a short-term bounce could occur, though the overall trend remains weak. The failed attempts to hold support levels near $138 and $140 further highlight the bearish outlook.

Key support is now around $135.50, as this aligns with the session’s low. A breakdown below this level could accelerate selling pressure toward the next psychological support at $130. On the upside, resistance is visible at $138, and a sustained move above this level could attract buyers, potentially leading to a retracement toward $140.

Traders should watch volume patterns and RSI divergence for signs of a reversal. However, caution is warranted, as the overall trend remains bearish.

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Kohl’s Corporation (NYSE: KSS) shares plunged 11% following a disappointing Q3 earnings report and a sharp downgrade of its fiscal 2024 outlook. The department store chain reported adjusted earnings per share of $0.20, significantly below analysts’ expectations of $0.31. Revenue declined 8.8% year-over-year to $3.51 billion, missing the consensus estimate of $3.65 billion, while comparable sales fell 9.3%, reflecting continued weakness in its core apparel and footwear categories.

In response to the challenging environment, Kohl’s cut its full-year earnings forecast. The new range is $1.20 to $1.50 per share. This is a stark reduction from its prior outlook. It is also below Wall Street’s consensus of $1.86. The company now expects full-year net sales to decline by 7%-8%. Comparable sales are projected to drop 6%-7%. This signals further headwinds in the months ahead.

CEO Tom Kingsbury acknowledged the struggles in key categories but highlighted growth in segments like Sephora and home decor. However, these gains were insufficient to offset the broader declines. On a positive note, gross margin improved slightly, rising 20 basis points to 39.1%, and inventory levels were reduced by 3% year-over-year.

Kohl’s is facing mounting challenges. Weak consumer demand is weighing

Kohl’s shares Chart Analysis

KSS/USD 15-Minute Chart

The 15-minute chart of Kohl’s Corporation (NYSE: KSS) demonstrates significant price action and momentum shifts over recent sessions. After a prolonged downtrend, the stock bottomed near $16.12 on the 20th before experiencing a sharp bullish reversal. A strong green candlestick on the 22nd signals robust buying interest, pushing the price above $18.

The RSI (Relative Strength Index) initially showed oversold conditions below 30 before recovering, peaking above 70, signalling overbought territory during the recent surge. Currently, RSI is at 55.71, suggesting neutral momentum but leaning towards consolidation. The price now sits around $18.34, reflecting a slight pullback after reaching a session high of $18.74.

Resistance appears near $18.50–$18.75 as the price struggled to maintain upward momentum. Support levels can be observed around $17.00–$17.50, offering potential entry points if a retracement occurs. The recent price breakout and volume spikes suggest a bullish bias in the short term, though continued strength is contingent on holding above $18.

Traders should monitor RSI divergence and volume patterns to confirm a potential continuation of the uptrend or a reversal. A break above $18.75 could pave the way for higher highs, while failure to hold $18 may signal a correction toward key support zones.

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NVIDIA Corporation (NASDAQ: NVDA) has faced turbulence since its third-quarter guidance failed to match the market’s lofty expectations. Despite the initial disappointment, analysts at Jefferies remain optimistic, highlighting strong demand for NVIDIA’s chips as a key driver of long-term growth.

In its Q3 earnings report on November 20, NVIDIA exceeded both revenue and earnings expectations but offered slightly above-consensus Q4 guidance, which left some investors underwhelmed. However, Jefferies believes the market is underestimating NVIDIA’s robust demand pipeline, positioning the stock favourably for significant growth through 2025 and beyond.

Key catalysts include the anticipated release of NVIDIA’s Blackwell chips, which are expected to see demand far outpacing supply for several quarters post-launch. Additionally, the Hopper architecture remains in strong demand and is likely to drive sales well into the first half of 2025. At the recent SC24 SuperCompute conference, Jefferies noted that only select lead customers and ODMs could secure NVIDIA’s products, underscoring the limited supply amidst red-hot demand.

With ongoing tailwinds from AI-driven computing needs and data centre expansion, NVIDIA remains a leader in the semiconductor space. Investors may consider near-term price fluctuations as opportunities, as the company’s long-term growth narrative appears solidly intact.

NVIDIA Stock Chart Analysis

NVDA/USD 15-Minute Chart

This chart displays the 15-minute candlestick performance of NVIDIA Corporation (NVDA) stock. The chart reveals a period of mixed volatility with an overall consolidation pattern near the $141–$142 price range. The price opened near $141.59 and showed minor upward momentum with a daily gain of 0.20%.

Price Action: There was a notable intraday high spike to $142.12 before retracing back to a low of $140.70. The stock has been trading in a tight range recently, indicating reduced volatility toward the latter part of the session.
Resistance & Support: Resistance appears at $142, as seen in the rejection at that level. Support is forming near $140.70, which has held well during the recent downturns.
RSI Indicator: The RSI at 42.11 suggests the stock is approaching an oversold territory but hasn’t yet reached extreme levels. This indicates the potential for a reversal if buying pressure increases.

NVDA seems to be consolidating, with neither buyers nor sellers taking strong control. A breakout above $142 could signal bullish momentum, while a breakdown below $140.70 could trigger further downside. Traders should monitor volume and technical indicators for clearer signals.

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NVIDIA Corporation (NASDAQ: NVDA) reported strong fiscal Q3 results that exceeded Wall Street estimates but provided Q4 guidance that fell short of heightened investor expectations. Shares dropped approximately 3% in premarket trading following the announcement.

For Q3, NVIDIA posted earnings per share (EPS) of $0.81 on revenue of $35.1 billion, surpassing analyst expectations of $0.75 EPS on $33.09 billion revenue. A key driver was the data center segment, which generated $30.8 billion, marking a 17% sequential increase and a remarkable 112% year-over-year growth, beating forecasts of $28.84 billion.

Looking to Q4, NVIDIA projects revenue of $37.5 billion, plus or minus 2%, slightly above consensus estimates of $37.09 billion. Gross margins are anticipated at 73.0%, signaling robust profitability despite modest guidance.

Analysts expressed mixed views. Bank of America highlighted near-term investor caution due to subdued excitement but reaffirmed confidence in NVIDIA’s long-term growth potential, emphasizing its leadership in transitioning legacy infrastructure to AI-accelerated systems. Piper Sandler echoed optimism, noting that the company remains well-positioned for significant growth starting in April.

In summary, NVIDIA’s solid fundamentals and leadership in AI position it as a long-term winner, though near-term volatility may persist as investors digest its tempered Q4 outlook.

Nvidia Stock Chart Analysis

This chart displays NVIDIA Corporation’s (NVDA) stock performance on a 15-minute timeframe. The current price is $145.86, reflecting a slight increase of +0.33% during the day. The chart features candlestick patterns, showing the stock’s price movements, with highs and lows clearly marked.

The RSI (Relative Strength Index) indicator at the bottom reveals momentum dynamics. It’s hovering near 60.05, which suggests moderate bullish momentum, moving away from neutral levels. The RSI isn’t overbought yet (above 70), indicating room for further upward movement.

Recent trading action shows a recovery from a low of $137.15, with the price approaching previous resistance around $146.16. If this level breaks, it might signal a continued uptrend; otherwise, a pullback could occur. Traders should monitor the $144.76 support zone and $149.77 resistance for further signals.

Overall, NVDA’s short-term trend appears cautiously bullish, supported by improving RSI momentum.

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Starbucks Corporation (NASDAQ: SBUX) is exploring strategic partnerships for its Chinese operations amid declining demand in major markets, including the U.S. and China. The company confirmed on Thursday that it is assessing options, following a Bloomberg report suggesting Starbucks might sell a stake in its Chinese business to local investors, such as private equity firms.

CEO Brian Niccol has emphasized the importance of understanding and adapting to the competitive Chinese market, where the coffee giant faces challenges from local players like Luckin Coffee (OTC: LKNCY). Consumer spending remains subdued in China due to a sluggish macroeconomic environment, making growth in the region more difficult. On the October 31 earnings call, Niccol acknowledged the “extreme” competition and reiterated Starbucks’ commitment to exploring partnerships to drive long-term growth.

Despite the challenges, Starbucks reaffirmed its dedication to expanding its presence in China, its second-largest market. The company is simultaneously revamping its U.S. stores and strengthening its global strategy to address shifting consumer preferences and intensifying competition.

Investors should closely monitor developments regarding potential partnerships in China, as they could impact Starbucks’ long-term growth strategy and market positioning. While near-term headwinds remain, strategic moves in this critical market could unlock future growth opportunities.

Starbucks Stock Chart Analysis

The chart displays the 15-minute price movements of Starbucks Corporation (NASDAQ: SBUX). Currently, the stock is trading at $98.26, reflecting a minor increase of 0.02% during the session. The candlestick patterns highlight periods of volatility, with the recent recovery from a low of $94.79 demonstrating a bounce back in price momentum.

The RSI (Relative Strength Index) indicator at the bottom suggests improving bullish momentum, currently at 61.68. This level indicates the stock is neither overbought nor oversold, with room for further upside. The recovery in RSI from previous lower levels (near 41.95) supports the possibility of continued bullish activity in the short term.

Key resistance is evident at $101.41, the recent high, and a break above this level could signal the potential for further upward movement. On the downside, support at $94.79 serves as a critical level to monitor, as a breach below this may indicate renewed selling pressure.

In summary, Starbucks stock shows signs of stabilization and moderate bullish sentiment, with the price attempting to push higher. Traders should watch for resistance at $101.41 and support at $94.79 to assess the stock’s next directional move. Improving RSI levels further reinforces short-term bullishness.

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Nvidia as poised to become the first $4 trillion company, driven by its AI dominance. As the AI chipmaker prepares to report fiscal Q3 earnings, expectations are high for another standout performance. Analysts anticipate a $2 billion revenue beat and robust forward guidance, which could further solidify investor confidence.

Wedbush highlights Nvidia’s leadership in AI capital expenditures, forecasting over $1 trillion in spending tied to its GPUs, which they describe as “the new oil and gold.” The company’s Blackwell chips are expected to play a pivotal role, with demand and production momentum signaling strong growth potential. CEO Jensen Huang’s commentary during the earnings call is likely to underscore this bullish outlook.

The broader market context also supports Nvidia’s trajectory. Recent AI-related results from Microsoft, Amazon, and Google demonstrate robust cloud demand, reinforcing the case for sustained AI investment. Analysts point to a favorable macroeconomic backdrop, including a potential Federal Reserve rate-cutting cycle and easing regulatory pressures, as factors that could further boost tech stocks.

Wedbush’s projection extends into 2025, with Nvidia positioned at the forefront of the AI revolution. They believe the market continues to underestimate the demand curve for AI-driven technologies, underscoring Nvidia’s path toward its unprecedented valuation goal.

Nvidia Stock Chart Analysis

Chip stocks are down 3% since the election. Meanwhile, the S&P 500 is up by about the same measure.

Nvidia has roared back strong since its July slump, rising 45% from the major August low. The chip stock — up nearly 200% this year and up over 1100% in the last two years — hit record highs following the election.

But many of Nvidia’s peers, especially smaller ones, have become a net drag on the industry and US stocks writ large since the start of the second half of the year.

Shares in chipmaker Nvidia were flat in pre-market trading ahead of the release of its highly anticipated third-quarter earnings after the bell on Wednesday.

Nvidia has become a bellwether for gauging the strength of the global push in AI, with demand for its chips as an enabler of this trend continuing to drive the company’s shares higher. The stock is up 197% year-to-date, with Nvidia recently overtaking Apple to become the world’s most valuable company, at a market capitalisation of $3.6tn (£2.8tn).

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