Pro trader Jay Woods believes a strong earnings report from Nvidia could be the market’s “biggest and best tailwind” this week. Woods, chief market strategist at Freedom Capital Markets, highlighted Nvidia’s recent stock performance and its crucial role in the market.
He also noted concerns about the 10-year U.S. Treasury yield approaching 5%, which could pressure equities, and identified e.l.f. Beauty as an “under-the-radar” trading opportunity with potential upside on good news.
