Way off Target & Waiting on NVDA

[] the retailer posts poor earnings and warns of a weakening consumer [View in browser]( [View in browser]( [] MAY 22, 2024 [] [] PROSPERITY PUB MARKET TALK Way off Target & Waiting on NVDA Target (TGT) crashed as much as 10% overnight before recovering slightly. Target’s pre-market earnings report left a lot to be desired, with the retailer falling short of Wall Street expectations for last quarter and lowering forward-looking expectations for the current quarter. The retailer placed the blame at the feet of weakening consumer demand, saying consumers were tightening their wallets and seeking out value. That falls in line with an article that our own Nate Tucci wrote 3 weeks ago, finding that [consumer confidence has been weakening for months](. But all isn’t bad in retail land. Walmart, possibly the ultimate value-retailer, actually reported better-than-expected earnings last week, telling inventors that shoppers were prioritizing food and essentials. Some recent economic data — such as a weakening labor market — has been pointing to signs that the Fed’s rate hike campaign, in which it raised rates between March 2022 and July 2023, might finally be having its desired effects. This point is an important one that our friend, Jeffry Turnmire has often brought up: The Fed’s interest rate campaign is inherently flawed — not only because the Fed is making decisions based on backward-looking data, but because rate hikes take 18-24 months to filter down and have their effects on the economy. In other news, Fed minutes were released at 2pm Eastern today, with markets initially reacting down sharply, as the S&P took out the lows of the past two days. Meanwhile, all eyes are on NVDA’s after-hours earnings report. A positive report could send the world’s 3rd largest company by market cap shooting upward. If the company doesn’t deliver on earnings, Jeffry Turnmire has downside targets of 720 and possibly even 300. — The Prosperity Pub Team [] [] Most Investors Are Not Even Aware… In less than 30 days, we could face the biggest market event of the year — possibly bigger than the election. Reuters reports we’re setting up for the "greatest credit bubble in human history," and Business Insider warns the setup looks just like Black Monday in 1987. Economic expert Alex Reid shares how he plans to survive and thrive in this earth-shattering event! [Click here to hear what he has to say!]( [] [] GUY COHEN’S TRADE RADAR Trade What You See Last week I said “there is upside potential, but don’t take it for granted as one twitch could spark a nasty whipsaw.” That didn’t happen last week, but now that we’re somewhat extended that likelihood is much greater. So, play each trade by its merits, be cautious with your P1 profit targets… Protect them quickly. Our market timing is a real strength that few others possess. Being good at market timing enables you to swim WITH the tide. All the indices are extended past their 50-dmas. A modest pullback is likely. Keep sticking with our game plan of AAA setups near Key Levels. Don’t get distracted by missed opportunities. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] [] [] MAY 22, 2024 [] [] PROSPERITY PUB MARKET TALK Way off Target & Waiting on NVDA Target (TGT) crashed as much as 10% overnight before recovering slightly. Target’s pre-market earnings report left a lot to be desired, with the retailer falling short of Wall Street expectations for last quarter and lowering forward-looking expectations for the current quarter. The retailer placed the blame at the feet of weakening consumer demand, saying consumers were tightening their wallets and seeking out value. That falls in line with an article that our own Nate Tucci wrote 3 weeks ago, finding that [consumer confidence has been weakening for months](. But all isn’t bad in retail land. Walmart, possibly the ultimate value-retailer, actually reported better-than-expected earnings last week, telling inventors that shoppers were prioritizing food and essentials. Some recent economic data — such as a weakening labor market — has been pointing to signs that the Fed’s rate hike campaign, in which it raised rates between March 2022 and July 2023, might finally be having its desired effects. This point is an important one that our friend, Jeffry Turnmire has often brought up: The Fed’s interest rate campaign is inherently flawed — not only because the Fed is making decisions based on backward-looking data, but because rate hikes take 18-24 months to filter down and have their effects on the economy. In other news, Fed minutes were released at 2pm Eastern today, with markets initially reacting down sharply, as the S&P took out the lows of the past two days. Meanwhile, all eyes are on NVDA’s after-hours earnings report. A positive report could send the world’s 3rd largest company by market cap shooting upward. If the company doesn’t deliver on earnings, Jeffry Turnmire has downside targets of 720 and possibly even 300. — The Prosperity Pub Team [] [] Most Investors Are Not Even Aware… In less than 30 days, we could face the biggest market event of the year — possibly bigger than the election. Reuters reports we’re setting up for the "greatest credit bubble in human history," and Business Insider warns the setup looks just like Black Monday in 1987. Economic expert Alex Reid shares how he plans to survive and thrive in this earth-shattering event! [Click here to hear what he has to say!]( [] [] GUY COHEN’S TRADE RADAR Trade What You See Last week I said “there is upside potential, but don’t take it for granted as one twitch could spark a nasty whipsaw.” That didn’t happen last week, but now that we’re somewhat extended that likelihood is much greater. So, play each trade by its merits, be cautious with your P1 profit targets… Protect them quickly. Our market timing is a real strength that few others possess. Being good at market timing enables you to swim WITH the tide. All the indices are extended past their 50-dmas. A modest pullback is likely. Keep sticking with our game plan of AAA setups near Key Levels. Don’t get distracted by missed opportunities. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](