Futures markets keep the "S and P futures price" in the green following better-than-expected manufacturing PMI data. Short-term technical charts point to resistance at 5,150, where sellers may re-enter the market. While St. Joe’s rich price-to-earnings ratio makes it look expensive, our SWS DCF model offers another angle. According to this intrinsic value approach, St. Joe’s current share price of $49.26 is significantly higher than the estimated fair value of $40.79, suggesting the stock could be overvalued. Nvidia ( NVDA ) stock rose 2% before the bell on Wednesday, as investor hopes grew around AI-fueled reports from TSMC ( TSM ) and Oracle ( ORCL ). At midday, the "S and P futures price" holds near flat, reflecting balanced bidding from both long and short positions. Market watchers suggest trading volume trends will be critical in gauging next week’s directional bias.
