![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Chris Tyler holds long positions in Advanced Micro Devices (AMD) (either directly or indirectly), but no other positions in securities mentioned in this article. A portion of this video is sponsored by The Motley Fool. The company announced its preliminary financial results for the second quarter two weeks ago. And in today’s very bearish market environment, that means waiting to buy a Nvidia collar, let alone NVDA stock, with a more clear-cut advantage is the smarter money play. In this video, I will talk about the key points that were mentioned during the Nvidia stock earnings call. The price has been going up and down for this period, and there has been a 4.53 gain for the last 2 weeks. During the last trading day the stock fluctuated 4.22 from a day low at 131.03 to a day high of 136.56. And with enough strategic adjustments over time, investors with a NVDA stock collar can even capture profits in a bear market.īottom line though, starting that sort of campaign with the odds of not being immediately underwater is a personal preference. The NVIDIA stock price fell by -0.60 on the last day (Thursday, 6th Oct 2022) from 132.09 to 131.30. While the collar strategy is directionally bullish, when actively managed, it can be traded to allow for accumulating on stock weakness with vastly reduced risk. And in conjunction with an options collar spread, a hedged position might be considered despite the threat of lower share prices. To be fair, NVDA stock is the type of industry-leading, large-capitalization stock which could be a core holding in investors’ portfolios. Coupled with a marginally out-of-position weekly stochastics and NVDA stock price that’s not wildly oversold, there’s simply insufficient evidence to own shares, while ignoring the increased risk of additional downside. Of concern, if it can’t hold support there’s a more substantial air pocket that opens Nvidia up to a challenge of the $100-$115 area. Several percent below, a Fibonacci-based two-step pattern completes and could act as support for a bottom. Technically, NVDA stock is currently testing its 62% retracement level of its Covid-19 cycle. Given an intolerant environment and incredibly unforgiving earnings season, it’s the better risk-adjusted position at the moment. NVDA Stock Has Earnings RiskĮntering Wednesday’s session, it’s hard to get onboard with a stock which most of Wall Street is overly keen on and collectively long and wrong.Īnother strike against NVDA stock is direct competitor Advanced Micro Devices (NASDAQ: AMD).ĭespite its own huge earnings beat, AMD can be picked up for roughly its pre-report stock price. Nevertheless, it’s positive on Nvidia’s data center business, and Susquehanna maintained its “buy” rating and less-tempered $280 price target compared to NVDA stock’s price of $165.95. The firm outlined some concern over shrinking GPU prices tethered to gaming and crypto mining and warned the outfit’s habitual “beat and raise” practice is at risk. Within that upbeat crowd, investment bank Susquehanna has chimed in on Nvidia in front of earnings. As well, of 45 analysts polled by CNN, Nvidia shares maintain a community of bulls with 32 rating shares a buy compared to just one sell recommendation. ![]() NVDA stock sports a median 12-month price target of $310 and premium of nearly 92% to Tuesday’s closing print. And analysts are fairly confident Nvidia can continue to produce the goods. If Wall Street is correct, the results would keep Nvidia’s attractive growth narrative of the past handful of years intact. Profits are expected to climb by a similar and robust 42% on earnings of $1.29 per share. (32:45) Jason Moser and Andy Cross discuss the possibility of DraftKings signing an exclusive partnership with ESPN, and share two stocks on their radar: Alphabet and Dream Finders Homes.What Wall Street Is Saying Ahead of NVDA Stock EarningsĪhead of Wednesday night’s NVDA stock first-quarter earnings report consensus views are forecasting sales growth of 43% on revenues of $8.1 billion. (19:11) Malcolm Ethridge, host of "The Tech Money Podcast", weighs in on prospects for more interest rate hikes, expectations for earnings season, why he's watching seasonal hiring, and the S&P 600. ![]() The latest from McCormick, Peloton, and more Macy's gaining inventory insights from its own credit-card data Apple looking to boost production in India Constellation Brands posting a lost in the 2nd quarter (0:21) Andy Cross and Jason Moser discuss: Make no mistake, investors, September's jobs report is just one more indication that the Federal Reserve will increase interest rates in November. ![]()
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