[Bull Market Leader] Why This Stock Could Lead the Markets Into a New Bull Market

Not only that, find out inside what market indicators may trigger a massive bull market this summer! Picks from the Editor SPONSORED (Newsletter Continues Below) Sponsored [Own These Stocks Before The Next Bull Run]( It is no secret that the best time to buy stocks is when their prices are low – and our research team has identified a handful of solid businesses with stocks that are currently “on sale” compared to where they were 2 years ago.[Download this FREE Report Revealing These Stocks]( By clicking the link you are subscribing to the Summa Money Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( Nvidia's Impressive Earnings to Finally Prod the Bull Out of the Pen  Hi Traders,  Before we begin today’s newsletter, you've got an important date to circle on your calendars. Just 11 days from now, and starting on June 5 at 9:00 AM, we at Traders on Trend is launching an event you won't want to miss: the Summer Market Summit. We've curated a power-packed lineup of 32 of the industry's top traders and stock market savants, each ready to offer their unique viewpoints, insights, and wisdom. Whether you're new to trading or a seasoned pro, this summit is your golden ticket to the trading insights you've been waiting for.  Don't forget, the Summer Market Summit is just around the corner! And we will reveal more details as the date nears, so make sure to watch this space! [To join, all you have to do is click this link!]( Moving on to our newsletter: Finding the next big thing versus the fleeting fancy of the week is the equivalent of separating wheat from chaff in the investment world. You want to find that diamond in the rough before everyone else does, while avoiding the red-tinted aftermath of a bubble burst. And here comes Nvidia, as a frontrunner in artificial intelligence hardware and software, Nvidia has certainly turned heads. Its shares leaped an impressive 24.6% to $380 in after-hours trading on Wednesday, resulting in a year-to-date gain of over 160%. All this hoopla followed the company’s Q1 results, which didn't just meet expectations - they left them in the dust. The company's executives provided insight during an earnings call, hinting at an exciting future.  Nvidia has seen a surge in demand related to generative AI and large language models, propelling the firm's data center visibility into the future and prompting substantial procurement of supply for the latter half of the year. They envision this sector dominating a significant chunk of the trillion-dollar industry over the next decade. This performance puts Nvidia on the map in a big way. Come Thursday’s market session, the company's market-cap gain could exceed $185 billion, pushing it past heavyweights like Meta or Tesla. This robust performance has sparked a positive sentiment for peer companies like Advanced Micro Devices Inc, C3.ai, and Palantir, causing them to ride the wave higher. Yet, despite the celebration, there's a note of caution to be heard. Artificial intelligence is like a tantalizing mystery box that has yet to be fully unwrapped. There's no doubt that it will be a game-changer, but it's crucial not to get swept up in the hype. Remember when the Internet of Things, Web 3.0, the metaverse, DeFi, blockchain, and NFTs were all the rage? Many of these sectors experienced a decline from their initial highs when the news cycle winded down. So, tread carefully and don't lose sight of lasting impacts, like those of smartphones, streaming, e-commerce, and the cloud. Scanning the comments section, the voices of investment enthusiasts provide a range of perspectives. Some laud Nvidia's impressive revenue and research and development investment, while others draw parallels between AI and monumental inventions like electricity. But amid the AI bubble talk, one point stands out: the stock market isn't always about justifying valuations. Sometimes, it's more of a dance than a math equation. This year, AI has been a buzzing topic, with much of the media's spotlight shining on giants like Microsoft and Alphabet. They've also been covering Nvidia’s role as an AI-enabling chip provider. However, I expect the narrative to shift in the second half of the year. The spotlight should expand to cover AI's influence on sectors like digital content, marketing, chip-making, and healthcare. This shift could push other stocks into prominence and might just wake up the sleeping bull in the bullpen.  Keep on keeping up!  John @ Traders on Trend  (In the next article: Market indicators also suggest a massive bull market can be triggered this summer. Want to learn more? Find out below! 👇) Sponsored [This Trade Has Paid Out 99.1%]( We’ve made THIS simple trade over and over again… for years. The result? It’s cashed in winning trades 99.1% of the time. We call it the “310F Trade.” Getting into this “rinse and repeat” trade each Tuesday… could double your money by Friday. Sound too good to be true?[See how we’ve done it, week after week...for YEARS]( [Privacy Policy/Disclosures]( Check the Free Presentation Today ☝ SPONSORED Why These Indicators Point to a Summer Bull Run of Epic Proportions  If you're an investor playing the numbers game, then you've probably heard of the Atlanta Fed’s GDPNow forecast. This sharp tool in the economist's toolkit offers a snapshot of U.S. GDP growth for the current quarter, based on economic data that's already been reported. And let me tell you, this forecast doesn't just have a seat at the table – it's often at the head of it, serving up some consistently accurate predictions of economic growth. As of May 21, the forecast was whistling a tune of 2.9% GDP growth. What does that mean? Well, in my book, it's setting the stage for a gloriously bullish market this summer. And here are three reasons why I think this bull is ready to run a marathon, not just a sprint. First up is Personal Consumption Expenditures (PCE). On May 17, the Fed foresees a 1.6% annualized rise in PCE. And let's face it, in the U.S., the consumer is king. With consumer spending making up over two-thirds of U.S. economic activity, this metric is the pulse of the economy. Take General Electric (NYSE:GE) or Snowflake (NASDAQ:SNOW) as examples.  (article continues below) Sponsored [ACT NOW: These Are The Top Profitable Stocks of 2023]( The stock market is currently in a volatile state, and uncertainty is rampant. However, there is no reason to panic. In fact, now is the ideal time to purchase stocks.[Go HERE to see the Potential Investing Opportunity]( By clicking the link you are subscribing to the Summa Money Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( SPONSORED  🔼 Pay attention, this is worth your time! ☝  (article continues)  Both rely heavily on consumer behavior, impacting their respective airplane engine and cloud-based data platform businesses. A healthy PCE suggests a happy market. Next, let's talk about Uncle Sam's spending habits. The Fed expects government spending to rise by a real, annualized rate of 2.1% this quarter. Why? Thanks to increased state and local government hiring, a windfall from the federal Infrastructure Law, and a boost in defense spending. Sure, this might be akin to drinking from a debt firehose in the long-term, but for now, it's raining jobs and dollars. That's good news for the market as increased employment and wages often translate into heightened consumer spending. Lastly, let's not forget about Residential Investment. Despite interest rates playing party pooper to the housing sector, the Atlanta Fed is predicting a positive flip – a 0.6% real annualized increase in residential investment this quarter. For perspective, housing typically contributes about 15-18% to GDP. This means a revitalized housing market could serve as a significant boon for the economy, benefiting everyone from homebuilders to raw material suppliers. An added bonus is the likely boost to consumer spending via job creation and wage growth. As an investor, you might be wondering what to watch in the coming months. Keep your eyes on these indicators. They're like the traffic lights of the stock market. And right now, it looks like we've got green all the way. But remember, no matter how promising the road ahead looks, always keep your seatbelt fastened in the investing world. Because as we all know, markets can be as predictable as a cat on a skateboard.   Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit tradersontrend.com/terms for our full Terms and Conditions.   [UNSUBSCRIBEÂ]( TradersOnTrend.com  COE MEDIA.   1126 S Federal Hwy Unit #827   Fort Lauderdale, FL 33316Â