Stocks Destined for a Plunge so Don't Let Thursday's Epic Dow Rally Fool You

Will the markets end the week on an upbeat note after Thursday's big rally? Who knows. But at least Nvidia beat profit estimates nicely.
Author:
Publish date:

Don't think for one hot second we are headed for a mind-blowing late August rally in the markets. 

Despite the Dow Jones Industrial Average's I:DJI big rally Thursday, there remains an array of growing risks not priced into stocks. Chief among them: inflation and peaking corporate profit margins. 

Meanwhile, Action Alerts PLUS holding Nvidia (NVDA) - Get Report had a mixed second quarter. Results looked great on the surface, but there were some holes and guidance was OK.

For a high growth stock such as Nvidia, OK isn't good enough. Jim Cramer's Action Alerts PLUS research team drops the mic on Nvidia with this headline to members: "We Still See Significant Upside With Nvidia."

Time will tell.

Register for the free 'Morning Jolt' daily newsletter here.