The S&P 500 futures currently trade eight points below fair value.
The major averages enter today's session with solid week-to-date gains, though in the case of the S&P 500 and Nasdaq Composite, most of the advance was achieved during Monday's rally.
Mega-cap names have faced some pressure this week as investors have rotated into more value-oriented offerings.
CNBC reports that Oppenheimer has increased its price target for NVIDIA (NVDA 192.54, -1.26, -0.7%) to $265 from $225 and maintained its "Outperform" rating ahead of the company's earnings report next week.