Halftime Report

Volatile Summer or Smooth Sailing? 06/26/24

Jun 26, 2024
Experts discuss the market's volatility this summer, detailed portfolio moves, and Nvidia's impact. Calls of the day include Home Depot, Accenture, Shopify, Blackstone, and Caterpillar. Analysis on AI trends and stock performances. Banking sector stress tests and buyback implications are also covered.
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ADVICE

Nvidia Exposure

  • If you don't own Nvidia, gain exposure through an ETF like XLG for its 12% Nvidia weighting.
  • Consider options for direct Nvidia stock purchases due to its accelerating intraday volatility.
INSIGHT

Nvidia Valuation

  • Nvidia's stock price reflects future potential (Blackwell chips) and past performance.
  • High price targets and daily analyst upgrades create momentum but also risk.
INSIGHT

Nvidia Growth and Capacity

  • While Nvidia's market cap has grown significantly, future growth hinges on increased chip production capacity.
  • Current chip production is largely accounted for by major tech companies.
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