The S&P 500 and Nasdaq jumped Thursday morning on a strong earnings report from Nvidia.

NVIDIA Corp. (Nasdaq: NVDA) beat both top- and bottom-line estimates and reported stronger-than-expected revenue guidance for the second quarter, causing shares to surge 25%.

Its rally lifted other semiconductor stocks, with Advanced Micro Devices Inc. (Nasdaq: AMD) and Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) each rising about 9% and the VanEck Semiconductor ETF (Nasdaq: SMH) jumping 6.7%.

In this morning’s stock market recap video, I’ll discuss what to expect from the market in the wake of today’s GDP… why I’m watching out for bonds… why I’m not falling for “the banana in the tailpipe” with NVDA earnings… three key sector momentum levels… what’s in the FOMC minutes vs. what Powell really said… plus my favorite ETF and option pick right now!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

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Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.

Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to [email protected]!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.