# Stocks Surge Amid Tariff Talks: Key Economic Data Ahead
This week, stocks experienced a rally, with all major indexes climbing higher. Notably, Bitcoin also saw an uptick. The optimism mainly stems from discussions regarding tariffs, suggesting the United States could be nearing trade deals with several nations, including China.
Whether this rally is stable or merely a temporary uptick remains to be seen. Next week promises a wealth of economic data that may influence market direction. On Wednesday, investors will receive the latest update on the Personal Consumption Expenditures (PCE) Index, with early indications hinting at potentially strong figures. Following that, the April jobs report will be released on Friday, both events likely to be impactful for the markets.
Peak Earnings Season Draws Attention
Additionally, the earnings season is in full swing, with major companies like Meta Platforms Inc. (NASDAQ: META) and Apple Inc. (NASDAQ: AAPL) scheduled to report next week. Market analysts will be monitoring these high-profile earnings closely.
Market Insights from Industry Analysts
Articles by Jea Yu
Technical analysis revealed a noteworthy “Death Cross” pattern forming in the Nasdaq 100 and S&P 500, explained by Jea Yu. This pattern warrants caution, as investors must differentiate between meaningful signals and mere noise when making trading decisions.
Yu also identified opportunities in the space sector, specifically highlighting AST SpaceMobile Inc. (NASDAQ: ASTS), which is focused on creating the first space-based cellular broadband network through strategic partnerships with industry leaders.
Concerns have emerged regarding waning demand for data centers, causing many AI stocks to retreat from their peak valuations. Nevertheless, Yu suggested potential in Applied Digital Inc. (NASDAQ: APLD), advising investors on when it might be wise to buy.
Articles by Thomas Hughes
In the current volatile market, panic selling can create valuable opportunities for long-term investors. Thomas Hughes provided insights into several fundamentally strong stocks worth considering. One stock mentioned, Whirlpool Corporation (NYSE: WHR), boasts a 9% dividend yield, encouraging investors to consider a contrarian approach during this dip.
ServiceNow Inc. (NYSE: NOW) also became a focal point after seeing a significant drop of over 40%. Following a strong earnings report, sentiment has shifted positively, suggesting a buying opportunity as analysts turn bullish.
Tesla and Other Notable Earnings Reports
Articles by Sam Quirke
Tesla Inc. (NASDAQ: TSLA) drew attention with its recent earnings call. Although the results were disappointing, Sam Quirke noted that this outcome was likely baked into the stock’s price. Additionally, comments from Elon Musk regarding increased involvement with the company sparked cautious optimism among analysts and investors.
Quirke addressed the technical indicators surrounding Qualcomm Corp. (NASDAQ: QCOM), suggesting a potential upward move post-earnings report on April 30. He also pointed out that Amazon.com Inc. (NASDAQ: AMZN) could use the current earnings season to shift the narrative surrounding its stock, which remains down 30% from its all-time high.
Technology Sector Dynamics
Articles by Chris Markoch
Microsoft Corp. (NASDAQ: MSFT) saw its stock decline by over 8.6% as analysts expressed concerns about OpenAI’s acquisition plans concerning Windsurf. Chris Markoch proposed this as a potential buying opportunity for investors looking to reenter the tech market.
Palantir Technologies Inc. (NASDAQ: PLTR) continues to announce significant deals, including a recent partnership with Anduril and SpaceX, which could enhance its recurring revenue. Meanwhile, CrowdStrike Holdings Inc. (NASDAQ: CRWD) is showing bullish signs as its stock consolidates at critical technical levels ahead of upcoming earnings.
Investor Strategies in Uncertain Times
Articles by Ryan Hasson
Current market volatility reinforces the importance of focusing on stocks held by Warren Buffett. Ryan Hasson highlighted notable stocks in Buffett’s portfolio as models of strong investing strategies.
RocketLab USA Inc. (NASDAQ: RKLB) continues to attract interest, with new contracts potentially boosting its performance as the earnings report approaches. Alphabet Inc. (NASDAQ: GOOGL) was a subject of headlines this week due to its ongoing antitrust case; however, Hasson reminded investors of the robust underlying business aspects advocating for a bullish outlook.
Emerging Opportunities in the Materials Sector
Articles by Gabriel Osorio-Mazilli
Gold remains a popular investment choice, yet Gabriel Osorio-Mazilli highlighted another metal that is gaining traction in the market. He also analyzed the options market, pointing out two travel stocks experiencing unusual activity that could provide nimble investors with opportunities for profit.
Lastly, discussions around tariffs have impacted Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM), but Osorio-Mazilli suggested underlying factors that may continue to bolster the company’s stock performance.
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Investors Eye Promising Growth Amid Tariff Concerns
Articles by Leo Miller
Leo Miller analyzed the recent earnings report from ASML Holding (NASDAQ: ASML), a key player in developing advanced chips. ASML enjoys a monopoly in this field, making its performance significant. Although the stock experienced a notable sell-off post-earnings, investors reacted to a specific metric. However, Miller highlighted why analysts are raising their price targets, indicating substantial upside potential for the stock.
In the same chip sector, Miller discussed two lesser-known semiconductor companies that may rise to the prominence of NVIDIA Corp. (NASDAQ: NVDA). These companies could potentially experience robust earnings growth paired with attractive valuations.
Netflix Inc. (NASDAQ: NFLX) remains one of the best-performing stocks, largely due to its defensive characteristics. However, the company is still pushing for aggressive growth, with ambitions to be a trillion-dollar stock by 2030. Miller provided insights into why this goal may not be as unrealistic as it appears.
Articles by Nathan Reiff
Investors may feel frustration over the inconsistent stock recovery following the tariff sell-off. Nathan Reiff outlined three dynamic momentum stocks with catalysts that could drive further upward movement in the current rally.
The trade tensions have impacted the quantum computing sector, resulting in a decline for D-Wave Quantum Inc. (NYSE: QBTS). Reiff pointed out that astute investors who recognize the long-term potential of this industry might see QBTS stock as an appealing investment given its current valuation.
While the strategy of buying the VOO ETF may work well for many fund investors, those seeking targeted investment themes can benefit from three new ETFs launched this year, which show strong potential for returns, according to Reiff.
Before making your next trade, consider the following:
MarketBeat tracks top-rated and high-performing analysts on Wall Street, focusing on the stocks they recommend daily. The team has identified five stocks that expert analysts are quietly suggesting to clients as potential buys, with none of the big-name stocks included on this list. Analysts believe these five companies present strong investment opportunities now.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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