## Today's Catalyst Results
How did scheduled events play out?
- **Earnings Reports** - Several companies reported earnings today, with notable performances from **Huntsman Corporation (HUN)**, which surged 24% ahead of earnings, and **Teradyne (TER)**, which saw a 24% increase as 11 analysts raised their price targets after strong earnings. - Market reaction: Positive momentum in stocks, reflecting investor optimism.
## Surprise News Today
Unexpected developments that moved markets:
- **$TICKER** - **Amazon.com, Inc. (AMZN)** fell today as Jim Cramer remarked that he does not believe the stock's downside is overdone, suggesting tomorrow could be "pretty ugly." - Market reaction: **AMZN** shares experienced increased selling pressure amid concerns over future performance.
- **$TICKER** - **Nvidia Corporation (NVDA)** faced scrutiny as analysts suggested the stock is "cheap" compared to previous valuations, raising questions about its potential for growth. - Market reaction: Mixed sentiment; some investors see this as a buying opportunity while others remain cautious.
## After-Hours Catalysts
Earnings and events happening tonight:
- **$TICKER** - **Micron Technology, Inc. (MU)** - Analysts are closely watching for any guidance on semiconductor demand, which could influence investor sentiment tomorrow.
## Tomorrow's Calendar
Key events scheduled for tomorrow:
- **Jobs Report** - Time: 8:30 AM ET - Watch for: The report's impact on market sentiment, particularly in relation to inflation and Fed interest rate policies.
## This Week Ahead
Other catalysts coming this week:
- **February 7**: **Tesla, Inc. (TSLA)** earnings report expected, which could provide insights into the EV market's performance.
## Highest Conviction Setup
Based on today's action and upcoming catalysts:
- Stock: **Nvidia Corporation (NVDA)**
- Catalyst: Analysts highlighting the stock's current low valuation and potential for growth.
- Thesis: Given the surge in AI investments, **NVDA** is positioned to capitalize on increased demand for its GPUs, making it a strategic buy.
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