Did you know that the technology sector has consistently been one of the fastest to recover after major market downturns?

Investing in innovative and high-growth sectors can provide stability and potential gains during uncertain times.

In this edition, we bring you these three articles:

• Political Turmoil Doesn’t Dampen Market Rally: First, the stock market continues to demonstrate surprising resilience 📢

• Musk’s Endorsement Of Trump: Next, Tesla's stock experiences a sharp rally as Elon Musk endorses Trump ✔️

• What’s Next For Nvidia? Finally, anticipation builds around Nvidia’s upcoming earnings report 💻

Stay tuned as we look into these stories and explore what they mean for traders and investors in today's market. Have a great read!

Political Turmoil Doesn’t Dampen Market Rally 📢

The stock market and the US economy have remained resilient in the face of global turmoil.

Doomsday forecasts had predicted that the war between Russia and Ukraine and later the war in the Middle East would decimate stock market returns.

Instead, the economy was not dented and the rally persisted 💪

Later there was much hand-wringing over the upcoming presidential elections given the heightened polarization in US society.

The stock market didn’t blink 🤷

Even Saturday’s shocking and disturbing assassination attempt against Trump hasn’t deterred the rally.

The evidence is overwhelming, we are looking at a very resilient economy and stock market.

Musk’s Endorsement Of Trump ✔️

Tesla stock has seen a sharp rally following Musk’s endorsement of Trump for president.

The theory behind the rally in the stock is that Musk’s endorsement will maintain the existing treatment for EVs, but it may go well beyond EVs, and could pave the way for Trump’s administration to be pro-autonomy driving cars.

This would likely quicken regulatory and state approval of these systems, unlocking a new, highly profitable revenue stream for the company 💰

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What’s Next For Nvidia? 💻

Excitement about the chip maker’s coming earnings could start to outweigh concerns over a market rotation away from large-cap technology stocks.

Last week Nvidia shares approached their record closing high of $135.58, set on June 18, before dropping back as investors looked to rotate away from large technology stocks and into other areas of the market.

Nvidia is expected to announce its fiscal second-quarter earnings on August 21.

Its financial forecast will be the most eagerly watched element of the report 🤩

The next stage of Nvidia’s growth is set to be driven by its next-generation Blackwell graphics-processing units and new configurations including the NVL72 AI server system, which incorporates 72 GPUs.

“We expect upside to results and guidance will be driven by continued robust demand for generative AI,” wrote KeyBanc analyst John Vinh in a research note on Monday.

“More specifically, despite the impending launch of Blackwell in 2H24, we are not seeing any signs of a demand pause as demand for H100 remains robust, as we continue to see rush orders,” he said, referring to the second half of 2024.

Vinh kept an Overweight rating and $180 target price on Nvidia stock 📈

In a similar fashion, TDCowen’s Matthew Ramsay raised his price target for Nvidia to $165 from $140 on Sunday.

He reiterated his Buy rating for the company.

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