The futures for the Dow Jones, S&P 500, and Nasdaq 100 were relatively flat as the stock market prepares to open on Tuesday. Nvidia stock is showing a new buy point, and GameStop saw a significant spike in its stock following the return of Keith Gill, also known as “Roaring Kitty” on social media. The upcoming highlight will be the Labor Department’s inflation report.
Keith Gill reemerged on social media after three years, sparking a surge in GameStop and AMC Entertainment stocks. Tuesday’s focus will be on the Labor Department’s producer price index, expected to show a slight increase in wholesale inflation for April.
Investors are also anticipating the consumer price index and retail sales data for April later in the week. Amidst the recent market gains, it is crucial to monitor the exposure level and stay informed about potential breakouts with services like IBD MarketSurge and IBD Stock Lists.
It’s essential to keep an eye on stocks like JPMorgan, Merck, NetApp, and NXP Semiconductors, which are either near or in a buy zone in the current market conditions. Additionally, companies like Nvidia and Tesla are also making notable moves in the stock market, presenting potential opportunities for investors.
