Wide Open Agriculture (WOA:AU) has announced Clarification to Offtake & Distribution Agreement
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Blackstone Minerals (BSX:AU) has announced IDM and Blackstone Confirm Rich Copper-Gold Zone at Mankayan
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Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”
Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap.
“We are very close,” he said. “Remember this is a long-time, infinite race.”
Nvidia has become key to the world economy over the past few years as it makes the chips powering the majority of recent advanced AI applications. The company faces growing hurdles in the U.S., including tariffs and a pending Biden-era regulation that would restrict the shipment of its most advanced AI chips to many countries around the world.
The Trump administration this month restricted the shipment of Nvidia’s H20 chips to China without a license. That technology, which is related to the Hopper chips used in the rest of the world, was developed to comply with previous U.S. export restrictions. Nvidia said it would take a $5.5 billion hit on the restriction.
Huawei, which is on a U.S. trade blacklist, is reportedly working on an AI chip of its own for Chinese customers.
“They’re incredible in computing and network tech, all these central capabilities to advance AI,” Huang said. “They have made enormous progress in the last several years.”
Nvidia has made the case that U.S. policy should focus on making its companies competitive, and that restricting chip sales to China and other countries threatens U.S. technology leadership.
Huang called again for the U.S. government to focus on AI policies that accelerate the technology’s development.
“This is an industry that we will have to compete for,” Huang said.
Trump on Wednesday called Huang “my friend Jensen,” cheering the company’s recent announcement that it planned to build $500 billion in AI infrastructure in the U.S. over the next five years.
Huang said he believes Nvidia will be able to manufacture its AI devices in the U.S. The company said earlier this month that it will assemble AI servers with its manufacturing partner Foxconn near Houston.
“With willpower and the resources of our country, I’m certain we can manufacture onshore,” Huang said.
Nvidia shares are down more than 20% this year, sliding along with the broader market, after almost tripling in value last year. The stock fell almost 3% on Wednesday.
This post appeared first on NBC NEWS
Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development.
Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push the company to increase investments in the U.S. It comes as drugmakers brace for Trump’s levies on pharmaceuticals imported into the country — his administration’s bid to boost domestic manufacturing.
“If I know that there will not be tariffs … then there are tremendous investments that can happen in this country, both in R&D and manufacturing,” Bourla said on the call, adding that the company is also hoping for “certainty.”
“In periods of uncertainty, everybody is controlling their cost as we are doing, and then is very frugal with their investment, as we are doing, so that we are prepared for remit. So that’s what I want to see,” Bourla said.
Bourla noted the tax environment, which had previously pushed manufacturing abroad, has “significantly changed now” with the establishment of a global minimum tax of around 15%. He said that shift hasn’t necessarily made the U.S. more attractive, saying “it’s not as good” to invest here without additional incentives or clarity around tariffs.
“Now [Trump] I’m sure — and I know because I talked to him — that he would like to see even a reduction in the current tax regime particularly for locally produced goods,” Bourla said, adding a further decrease would be would be a strong incentive for manufacturing in the U.S.
Unlike other companies grappling with evolving trade policy, Pfizer did not revise its full-year outlook on Tuesday. However, the company noted in its earnings release that the guidance “does not currently include any potential impact related to future tariffs and trade policy changes, which we are unable to predict at this time.”
But on the earnings call on Tuesday, Pfizer executives said the guidance does reflect $150 million in costs from Trump’s existing tariffs.
“Included in our guidance that we didn’t really speak about is there are some tariffs in place today,” Pfizer CFO Dave Denton said on the call.
“We are contemplating that within our guidance range and we continue to again trend to the top end of our guidance range even with those costs to be incurred this year,” he said.
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President Donald Trump used to refer to Jeff Bezos as “Jeff Bozo.” Now, after more drama between the two men, Trump is calling the Amazon founder a “good guy.”
Amazon’s earnings report, scheduled for Thursday, already had investors on edge due to the president’s sweeping tariffs and the potential impact they’ll have across the tech giant’s numerous businesses. With its stock price down 17% this year, Amazon is expected to report its slowest rate of revenue growth for any period since 2022, and that doesn’t reflect the levies announced in early April.
The tension got amped up early this week.
The White House on Tuesday criticized Amazon for reportedly planning to display on its site how much the new tariffs on top U.S. trading partners are driving up prices for consumers. After the story was published by Punchbowl News, Trump called Bezos to complain.
Amazon swiftly responded and said no such change was coming.
“This was never approved and is not going to happen,” Amazon wrote in a blog post that totaled 31 words.
President Trump frequently hurled insults at Bezos during his firm term in the White House, largely because of the Amazon founder’s ownership of the Washington Post. Bezos has recently gone out of his way to try and mend the relationship, traveling to Washington, D.C., for the inauguration in January.
The president said he was pleased with their latest phone call.
“Jeff Bezos was very nice,” Trump told reporters later on Tuesday. “He was terrific. He solved the problem very quickly and he did the right thing. He’s a good guy.”
Amazon clarified that it was only considering displaying the import fees on products sold on its discount storefront, Amazon Haul, which competes with ultra-cheap Chinese retailer Temu. Products on Haul cost $20 or less and many of them are sold direct from China using the de minimis trade exemption. That loophole is set to go away next month after Trump signed an executive order, making it more expensive to ship those products to the U.S.
The clash with Trump highlights the pressure Amazon is under to blunt the impact of Trump’s aggressive tariffs on Chinese imports, which total 145%. The company faces significant exposure to the tariffs, primarily through its retail unit. Amazon sources some products from China, while many sellers on its third-party marketplace rely on the world’s second-largest economy to make or assemble their products.
The topic of tariffs will hover over Amazon’s first-quarter earnings report. Investors will want to know how higher import costs could impact its margins, and whether uncertainty around the tariffs has caused shoppers to be more cautious with their spending.
For the quarter, Amazon is expected to report earnings per share of $1.37 and revenue of $155.04 billion, according to LSEG, which would represent annual growth of just over 8% and would be the slowest rate of expansion since the second quarter of 2022.
Amazon CEO Andy Jassy told CNBC earlier this month that the company hasn’t seen a drop-off in consumer demand. Amazon is “going to try and do everything we can” to keep prices low for shoppers, including renegotiating terms with some of its suppliers, Jassy said. But he acknowledged some third-party sellers will “need to pass that cost” of tariffs on to consumers.
Analysts at UBS said in a note to clients on Tuesday that at least 50% of items sold on Amazon are subject to Trump’s tariffs and could become more expensive as a result.
“Consumers therefore might have to make more difficult choices on where to allocate their dollars,” wrote the analysts, who have a buy rating on Amazon shares.
Amazon has reportedly pressured some of its suppliers to cut prices to shrink the impact of Trump’s tariffs, according to the Financial Times.
Some sellers have already raised prices and cut back on advertising spend as they contend with higher import costs. Others are looking to secure new suppliers in countries like Vietnam, Mexico and India, where tariffs are increasing under Trump, but are mild compared with the levies imposed on goods from China.
Temu and rival discount app Shein implemented price hikes on many items last week. Temu has since added “import charges” ranging between 130% and 150% on some products.
Wall Street will likely be focused on Amazon’s commentary surrounding business conditions going forward. The third quarter will include the results of Amazon’s Prime Day shopping event, typically held in July across two days. Amazon sellers previously told CNBC they may run fewer deals for this year’s Prime Day to conserve inventory or because they can’t afford to mark down products any further.
Bank of America analysts said in a note to clients this week that it sees the potential for Amazon to give a “wider guidance range” in its earnings report on Thursday, “though the impact may be bigger in the third quarter.”
Analysts at Oppenheimer said investors are “highly uncertain” as to the impact of tariffs on Amazon’s e-commerce business. The firm has an outperform rating on Amazon’s stock.
“We are assuming Q3 is the quarter most impacted as sellers should still have pre-tariff inventory through May and therefore don’t need to raise prices yet,” the analysts wrote.
Amazon didn’t provide a comment beyond its short statement on Tuesday.
This post appeared first on NBC NEWS
The S&P 500 index managed to log one of its strongest weeks in 2025. Short-term breadth conditions have improved, and the crucial 5500 level has now been broken to the upside. Are we in the later stages of a countertrend rally, or just in the early innings of a broader recovery for stocks?
Let’s review three key charts together and evaluate the evidence.
Trendline Break Suggests Further Short-Term Strength
My daily chart of the S&P 500 has featured a thick pink trendline since March, when a lower peak around 5800 provided a perfect opportunity to define the downtrend phase. With the quick reversal off the early April low around 4850, the SPX has finally broken back above this trendline.
To be clear, after a breakout of this magnitude, I’m always looking for confirmation from the following day. Will additional buyers come in to push this chart even further to the upside? Assuming that’s the case, then I’m immediately drawn to a confluence of resistance in the 5750-5850 range. The 200-day moving average is currently sitting right around the late March peak, and both of those levels line up well with a price gap back in November 2024.
If the S&P 500 can finally break above that resistance range, I would expect much further upside for risk assets.
Breadth Conditions Confirm Short-Term Market Strength
One of the biggest improvements I’ve seen coming out of the early April low is the upgrade in short-term breadth conditions. The McClellan Oscillator has broken back above the zero level, most days this week saw more advancers than decliners, and the Bullish Percent Index has definitely improved.
In the bottom panel, we can see that the S&P 500 Bullish Percent Index has risen from a low just above 10% at the April low to finish this week at 64%. That confirms that over half of the S&P 500 members generated a point & figure buy signal in the month of April!
But the middle panel shows the real challenge here, in that long-term measures of breadth are still clearly in the bearish range. Just 35% of the S&P 500 stocks are above their 200-day moving average, similar to the S&P 500 and Nasdaq 100. It’s only if this indicator can push above the 50% level that the S&P 500 could stand a real chance of sustainable gains above 5750.
The Stoplight Technique Lays Out a Clear Playbook
I love to overlay a “stoplight” visualization on a chart like this, helping me clarify how I’ll think about risk depending on where the S&P 500 sits at any given point.
I would argue that a confirmed break above resistance at 5500 brings the S&P 500 chart into the “neutral” bucket. In this way, we’re respecting the fact that a rally from 4850 to 5500 is a fairly impressive feat, but also acknowledging that the SPX remains below its most important long-term trend barometer, the 200-day moving average.
If we see further gains in the weeks to come, the SPX may indeed push into the bullish range, which for me would mean a push above 5750-5800. In that scenario, the S&P 500 would be clear of its 200-day moving average, and I would feel much more comfortable adding risk to the portfolio. Until and unless we see that upside follow-through, though, I’ll remain comfortably defensive.
RR#6,
Dave
P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!
David Keller, CMT
President and Chief Strategist
Sierra Alpha Research LLC
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.
Speaking overall, the stock market hasn’t changed course after last week’s bounce; the upside momentum is still here, albeit acting a little tentative. One piece of news that may have helped move the market higher on Tuesday, though, was President Trump’s decision to scale back on auto tariffs.
Investors seem to be looking forward to any news of progress on trade negotiations and key economic data, namely Q1 GDP, March personal consumption expenditures price index (PCE), and the April jobs report. There are also some important earnings this week, including META Platforms, Inc. (META), Microsoft Corp. (MSFT), Amazon.com, Inc. (AMZN), and Apple, Inc. (AAPL), among others. So, don’t be surprised if there’s some turbulence this week.
Recent economic data hasn’t moved the needle much. The latest JOLTS report showed fewer job openings in March, but layoffs declined. This indicates the labor market is still strong. The April nonfarm payrolls report on Friday will bring more clarity.
Consumer confidence took a hit, falling to its lowest reading since May 2020. This drop reflects concerns about tariffs and how they might push up prices. The bottom line is that consumers are nervous about what’s ahead.
Technical Update
Despite its bounce, the S&P 500 ($SPX) is still down around 9.0% from its February high, but up about 15% from its April lows. The weekly chart below has the Fibonacci retracement levels from the October 2022 lows to the February 2025 highs. The index bounced off its 50% retracement level and is now above its 38.2% level. It’s also trading below its 40-week simple moving average (SMA), which is the equivalent of a 200-day SMA.
FIGURE 1. WEEKLY CHART ANALYSIS OF S&P 500. The index has bounced off its 50% Fibonacci retracement level, and breadth is improving. However, the market appears to be in a wait-and-see mode, and any negative news could send the index lower. Chart source: StockCharts.com. For educational purposes.
It’s encouraging to see the S&P 500 Bullish Percent Index (BPI) above 50%, and the percentage of S&P 500 stocks trading above their 200-day moving average showing slight signs of reversing from a downtrend. However, the S&P 500 appears indecisive and is waiting for some catalyst to move the index in either direction.
Does the daily chart show a different scenario? Let’s take a look.
FIGURE 2. DAILY CHART ANALYSIS OF S&P 500. The 50% Fibonacci retracement level is an important level to monitor since it could act as a support level. Resistance levels to the upside are the 50-day moving average, the 61.8% Fib retracement level, and the 200-day moving average. Chart source: StockCharts.com. For educational purposes.
The daily chart of the S&P 500 above shows the index trading below its 200-day SMA. In addition, the 50% Fibonacci retracement level (from the February 2025 high to the April 2025 low) is acting as a support level. One point to note is the wide-ranging days in April, which have subsided toward the end of the month. This suggests investors have calmed down—the Cboe Volatility Index ($VIX) has pulled back and is now below 30.
The short-term perspective shows the trend is leaning toward moving higher. Keep an eye on the 5500 level as support and the 50-day SMA as the next resistance level. If the S&P 500 can break above the 61.8% Fibonacci retracement level with strong momentum, that’s reason to be optimistic. A break above the 200-day SMA would be more optimistic.
While the S&P 500 is inching higher, something is brewing beneath the surface—a shift toward the more defensive sectors.
Sector Rotation: Defensive Gains
The Relative Rotation Graph below shows that for the week, defensive sectors—Consumer Staples, Utilities, and Health Care—are leading, while offensive sectors, like Technology, Consumer Discretionary, and Communication Services, are lagging.
FIGURE 3. RELATIVE ROTATION GRAPH. Defensive sectors are leading while offensive sectors are lagging. Monitor sector rotation carefully as we head into a volatile trading week. Chart source: StockCharts.com. For educational purposes.
This isn’t unusual, since investors are feeling more cautious and looking for stability.
What’s Ahead?
There’s still key economic data to monitor this week. Here’s what’s ahead:
- Wednesday: March personal consumption expenditures (PCE), the Fed’s favored inflation measure. A stronger-than-expected number could send the market lower since it may make the Fed more hawkish. There’s also the Q1 GDP growth, which will indicate if economic growth is stalling or continues to be strong.
- Friday: April nonfarm payrolls will give us an idea of the strength of the labor market. Evidence of a strengthening labor market would reduce the probability of an interest rate cut, which could put pressure on stocks.
Closing Position
The market is feeling cautious, waiting for the next catalyst to send stock prices higher or lower. And any of this week’s events—economic data, big tech earnings, and trade talks—could make or break this week’s price action. However, even if the S&P 500 trends higher, it doesn’t necessarily mean the big tech growth stocks are leading the move higher. Do a sector drill-down from our new Market Summary page and invest accordingly.
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
If you’ve been exploring ways to take your options trading to the next level, the OptionsPlay Add-On for StockCharts is the single most impactful upgrade you can make. And now, it’s even better.
Courtesy of a big and highly-anticipated update, the Strategy Center within the OptionsPlay Add-On now runs directly on your ChartLists—allowing you to discover optimal Covered Calls, Short Puts, Debit and Credit Spreads, and Iron Condors on the stocks you follow or scan for. This new feature turns OptionsPlay into a fully personalized strategy engine, delivering the options ideas you need, when you need them.
What Makes the OptionsPlay Add-On So Powerful?
Whether you’re a beginner looking for guided trade setups or a seasoned options trader managing multiple strategies, the OptionsPlay Add-On brings you three core advantages:
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Every list of stocks is analyzed in real time to identify the highest yielding strategy—whether income-oriented like a Covered Call or directional like a Debit Spread—complete with strategy scores, max gain/loss, break-even points, and probability of success, so you are only trading the highest potential setups.
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Up until now, users have relied on daily trade ideas curated by the OptionsPlay team. These are still available—and still quite valuable. But now, you can apply the same strategy engine to your own ChartLists: your holdings, your watchlists, and your scans.
This means you can:
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Your ChartLists represent your research, your insights, and your trading edge. Now, instead of scanning for the best options strategies on our list of ideas, you can apply them directly to the stocks you’ve chosen to follow.
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- Save your Scan Results to a ChartList or Schedule your Scan to replace your ChartList
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Final Thoughts
OptionsPlay was already a powerful companion for options traders on StockCharts. But this latest update transforms it into something even more valuable—a personalized trading assistant that works with your existing workflow.
Whether you’re trading for income, growth, or hedging risk, the OptionsPlay Add-On gives you the structure, confidence, and efficiency to act decisively.
Add the OptionsPlay Add-On to your StockCharts account todayand unlock the power of strategy-driven trading on your terms.
Shares of Tesla Inc. (TSLA) have been decidedly rangebound over the last two months, bouncing between support around $220 and resistance at $290. The recent price action, as well as the momentum characteristics, have confirmed this sideways trend for TSLA. How the stock exits this consolidation phase could make all the difference!
In this article, we’ll look at this intriguing technical setup, showing how changes in momentum could confirm a new breakout phase. From there, we’ll examine how we can use a “stoplight” technique to better define risk and reward for this leading growth stock.
It’s Definitely Time to Go Fishing
Jesse Livermore famously said, “There’s a time to go long, time to go short, and time to go fishing.” And were he alive today, I think the chart of Tesla would definitely elicit a “time to go fishing” mindset for Livermore.
With the stock bouncing consistently between clear support and clear resistance, this appears to be in a straightforward consolidation phase.
After peaking in December 2024 around $480, TSLA dropped to a March 2025 low around $220. From there, the price has rotated between the 200-day moving average as resistance and that $220 level as support. To be clear, the countertrend rallies in March and April have been impressive, but they have not yet provided enough upside pressure to propel Tesla back above the crucial 200-day moving average.
Momentum Indicators Confirm the Sideways Trend
As we love to highlight on our daily market recap show, RSI can be such a valuable tool to assess the interplay between buyers and sellers. During a bullish phase, the RSI usually ranges between 40 to 80, as dip buyers use pullbacks to add to existing positions.
We can see this pattern from June 2024 through the end of January 2025, as the RSI remained above 40 on pullbacks within the bullish trend phase. Then, in February 2025, the RSI pushed below 40 as TSLA broke below its 50-day moving average. We’ve color-coded this section red, showing how the entire range of the RSI drifted lower during a clear distribution phase.
Over the last six weeks, the RSI has been in a tight range between 40 and 60. As the price of Tesla has remained rangebound, the momentum readings suggest an equilibrium between buyers and sellers. Until the RSI breaks out of its own sideways range, the chart is suggesting we wait for new information to change the picture.
A Breakout Above $290 Would Suggest a Bullish Resolution
So if we apply a “stoplight technique” to the chart of Tesla, we can better visualize how we might approach this stock from a technical perspective as we negotiate an end to this consolidation pattern.
If we see a positive resolution to the pattern, and TSLA is able to finally clear price resistance and the 200-day moving average around $290, that would indicate a new accumulation phase with further upside potential. A break below $220, on the other hand, would suggest a lack of willing buyers at support and, most likely, a new distribution phase.
As long as TSLA remains below $220 and $290, Jesse Livermore would suggest we “go fishing” instead of taking a shot at an underwhelming chart!
One more thing… I’ve heard from many investors that struggle with selling too early, leaving potential future gains on the table. Is there anything more painful than that? My recent video may give you some ideas of how to address this in your own investment process.
RR#6,
Dave
P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!
David Keller, CMT
President and Chief Strategist
Sierra Alpha Research LLC
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.