Discover key market trends, stock movements, and economic data from last week, including Nvidia earnings, geopolitical risks, and major trades. Find out what’s next for the market!
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Market Overview: February 24 - 28
Last week was full of uncertainty, with major corrections shaking the market, only to be followed by a late-week recovery. The S&P 500 barely held above its 50-day moving average, while economic data, geopolitical tensions, and earnings reports heavily influenced investor sentiment.
Key economic indicators included:
Durable Goods: 3.1% (higher than expected)
GDP Growth: 2.3% (down from 3.1%)
Core PCE: 0.3% (as expected)
Personal Income: 0.9% (higher than expected)
Personal Spending: -0.2% (lower than expected)
Major Stock Movers: AI Stocks & Nvidia Earnings
Nvidia’s earnings report was highly anticipated. Despite exceeding expectations, the stock saw immediate post-earnings volatility, reflecting high investor expectations and market uncertainty.
Nvidia (NVDA)
Earnings Beat: EPS and revenue exceeded estimates
Stock Movement: Initially dropped post-earnings before recovering slightly
Current Price: $NVDA Yahoo Finance Chart
Other AI-related stocks saw declines early in the week, followed by rebounds on Friday.
Geopolitical Impact: Trump & Zelensky
Trump’s latest tariff announcements on Canada, Mexico, and China added to the market's volatility. Additionally, a televised exchange between Trump and Zelensky rattled investor confidence.
Market Sentiment: Increasing geopolitical risk, adding to economic concerns.
Trades & Portfolio Adjustments
Here’s what I bought, sold, and adjusted in my portfolio:
Closed Positions
Chipotle (CMG): Closed due to concerns over consumer spending slowdown
HP (HPQ): Exited after lackluster earnings and weak growth outlook
Broadcom (AVGO): Closed position as stock showed sideways movement
Walmart (WMT): Sold after weak forward guidance
JPMorgan Chase (JPM): Trimmed due to overvaluation concerns
Reduced Positions
Eli Lilly (LLY): Reduced to 1.63% of my portfolio due to high valuations
Procter & Gamble (PG): Trimmed to 3.8% after strong rally
AbbVie (ABBV): Reduced as RSI hit overbought territory
Added Positions
Hims & Hers Health (HIMS): Increased to 5.66% despite current losses (-11.29%)
GE Vernova (GEV): Energy infrastructure play with AI power demand
Brookfield Corporation (BN): Long-term investment with strong fundamentals
Palantir (PLTR): Added after major pullback, waiting for breakout
Rocket Lab (RKLB): Invested post-correction, strong earnings beat
Realty Income (O): REIT yielding 5.54%, added for defensive exposure
New Positions
Nvidia (NVDA): Initiated position, looking for long-term hold
Berkshire Hathaway (BRK.B): Small position, waiting for better entry
PepsiCo (PEP): Added ahead of dividend X-date
Merkle Group: Insurance & reinsurance holding, similar to Berkshire Hathaway
Diamondback Energy (FANG): Entered energy sector with a small stake
Caterpillar (CAT): Infrastructure play as a long-term bet
MicroStrategy (MSTR): Bitcoin exposure play, short-term trade
Kinder Morgan (KMI): Added gas transport company for AI-driven energy demand
Risk Assessment for Next Week
Key upcoming economic events:
ISM Manufacturing PMI
ISM Services PMI
Non-Farm Payrolls & Unemployment Rate
Risk Factors:
MACD Indicator: Still showing sell signals → Medium Risk
RSI: Sitting at 44, moving up → Medium Risk
Geopolitical Events: Trump & Zelensky tensions → High Risk
Seasonality: March historically strong → Low Risk
Corporate Buybacks: Nvidia buybacks could provide support → Low Risk
Overall Market Risk: 50% (Neutral)
Final Thoughts & Market Outlook
I remain cautiously optimistic but fully invested. The next week is a coin flip, so I’ll be watching economic data closely. If volatility spikes, I’ll consider locking in some gains and raising cash levels.
Stay safe, manage risk, and trade smart!
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