Nvidia’s Earnings – 5 Things to Keep an Eye On
Three months ago, Nvidia Corp. (NVDA) soundly beat its July quarter (fiscal second quarter) estimates and issued above-consensus October quarter sales guidance. Yet with the stock up about 60% on the year going into earnings, shares sold off the next day.
But that selloff didn’t last long: Nvidia is now up 22% from where it traded prior to the July quarter report, and sports a whopping $125 billion market. That spells a pretty high bar for its October quarter report, which arrives after the close on Nov. 9.
Nvidia Looks Overvalued Ahead Of Third-Quarter Earnings: Analyst
Graphics-chip maker Nvidia (NVDA) on Wednesday received a cautious report from a Wall Street analyst ahead of the company’s fiscal third-quarter report, due out after the market close Thursday. Off Deutsche Bank analyst Ross Seymore said Nvidia is likely to deliver solid results and guidance, but any upside is already reflected in Nvidia’s share price.
“While raising our estimates across a number of Nvidia’s business lines is a positive, we believe much of this goodness is already reflected in the company’s valuation and we therefore maintain our hold rating,” Seymore said in a report.
While reiterating his hold rating on Nvidia stock, Seymore upped his price target to 190 from 145. Nvidia shares dropped 1.4% to close at 209.16 on the stock market today. Nvidia hit a record high of 212.90 on Tuesday.
NVIDIA Earnings: With Its Stock Up 99% in 2017, the Company Has a Lot to Prove
On Thursday, the artificial intelligence (AI) player reports Q3 results — here’s what to expect. https://www.fool.com/investing/2017/11/08/nvidia-earnings-on-thursday-with-its-stock-up-99-i.aspx
Today's Trading Lesson
The Structure You Need to Succeed
We are experiencing a shift in how to earn a living as a trader. Many stock traders are in need of aspirin, especially day traders. The pieces are moving but too many traders are not adapting.
I have witnessed this multiple times, you shouldn’t begin believing you are unlucky to start now. When stock quotes changed from fractions to decimals we felt the same way.
But eventually adapted, and thrived.
You need to see things the same way to succeed at trading, especially if you’re a day trader. The market is not going to adapt to you. Pay attention to the leaks in your trading, figure out where you can make little changes. Make one at a time, don’t make them drastic, all-at-once type of changes.
Mark Douglas said it best in his ground-breaking book Trading in the Zone. Stock traders need structure to succeed in a random environment.
Trading success comes from your definite plan, not from the market. I have outlasted thousands of traders because I paid attention and adapted. My core philosophy of tracking order flow and momentum will never change, how I interact and manage trades does.
Today's Trade of the Day | 11-9-17
Don't let this bad boy get away from your tracking journal. Game planning a $106.50 sell stop. Normally would look for $100 as a target but I see further downside, so planning a target to cover @ $92. If you're a news trader you will love this statement. ..
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Stock Market Sector Performance
Stocks to Trade | Thursday Edition 11-9-17
Bullish Momentum: WB, LEN, TSCO, CRM, CCI
Bearish Momentum: twx, w, evhc, dish, roku
Bullish Order Flow: WB, CRM, QCOM, CCI, ADBE, FSLR, LRCX, AMZN, AAPL, EL, AVGO, DLTR, MA, LYB, BA, FB, MCD, MAR, AET, UNH, CAT, NVDA, BABA, EOG, JUNO
Bearish Order Flow: twx, w, evhc, dish, expe, celg, tsla, tjx, aal, jwn, aap, cvs, pm, ctrp, luv, low, momo, cah, hog, nwl, trip
Double Normal Volume: TWX, QCOM, MNK, TRIP, ATVI, AAOI, CLR, MAR, LEN, WB
Inside Days: cmcsa, mu, vz, fb, cvs, wmb, kss, car, tsla, gps, schw, csx, htz, cf, cah, nem , skx, lb, amgn, cat
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