Dow Jones futures edged higher Sunday night, while S&P 500 futures and Nasdaq futures rose along with crude oil prices. President Donald Trump reportedly has toughened terms for a potential Iran deal framework, according to multiple reports. The U.S. widened AI chip exports to bar Chinese firms' overseas units from accessing cutting-edge Nvidia and Advanced Micro Devices (AMD) chips.
Broadcom (AVGO), Ciena (CIEN), CrowdStrike Holdings (CRWD), Palo Alto Networks (PANW), Argan (AGX) and Credo Technology (CRDO) are notable earnings reports this coming week, with Broadcom stock, Ciena, Argan and Credo all close to buy areas. The jobs report looms Friday.
The stock market hit fresh highs this past week on U.S.-Iran deal hopes. Some AI infrastructure firms, notably optical stocks such as Lumentum (LITE), came under pressure. Software continued to recover on strong earnings reports.
Five members of the elite trillion-dollar club are near buy points: Tesla (TSLA), Google-parent Alphabet (GOOGL), Amazon.com (AMZN), Nvidia (NVDA) and Eli Lilly (LLY).
Nvidia stock, Google, Eli Lilly and Broadcom are on Leaderboard. Google stock, Credo Technology, Argan, CrowdStrike and Broadcom are on the IBD 50. Google, Broadcom, Palo Alto Networks and Amazon stock are on the IBD Big Cap 20. Broadcom stock is on IBD Sector Leaders.