Stocks Surge to Best Week in Months as Yields Fall, Powell Comments Reassure Investors
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The stock market had its best week in months, with major indexes surging on falling yields and Powell comments. Stocks like NVDA, LULU, and SHOP flashed buy signals.
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Berkshire Hathaway, Warren Buffett's firm, reports Q3 earnings on Saturday. Investors will look for buybacks, cash levels, and equity purchases.
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Nvidia stock reclaimed its 50-day line Friday, closing in on a 476 buy point. Lululemon, Shopify, DraftKings, Zscaler, and NetEase are near buy zones.
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Tesla rebounded but hit resistance at key levels Friday. It's still below its 50-day line. Tesla and growth stocks like Shopify need more work.
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It's a time to build watchlists and identify stocks, but add exposure carefully. The rally faces resistance and could pause around 50-day lines.