The article discusses the recent positive performance of the stock market, with the S&P 500 up 8.2%, Dow up 6.3%, and NASDAQ up 10.8% since June. There are concerns about whether this momentum can continue through August, a historically weak month for markets. However, optimism surrounds the current revenue season, as 34% of S&P 500 companies have reported, with 80% showing positive revenue surprises.
Key companies reporting include Tesla and Alphabet, followed by Meta, Microsoft, Apple, and Amazon. Nvidia’s report at the end of August will conclude this earnings season.
In addition to earnings, the article highlights the Federal Open Market Committee (FOMC) meeting, where no immediate rate cuts are expected, but hopeful signals for future cuts may emerge. The Personal Consumption Expenditures (PCE) report, anticipated to show a moderate increase, will also be released.
It emphasizes the importance of seasonality in stock movements and introduces the new Navellier Edge Model Portfolio, a strategy that combines quantitative analysis with seasonal trends, which is available to new members after a recent webinar.
The editor, Louis Navellier, mentions his ownership of Nvidia and encourages readers to subscribe for further insights.
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