JUMP REPORT
| Avg Daily Volume: 10,662,325 Market Cap: 14.87B Sector: Technology Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .14/share REV: 678.7 /M
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LAST QTR: EPS: .16/share ACTUAL: .17/share (BEAT)
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NEXT QTR: EPS: .16/share REV: 688.6/M
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FULL YR: EPS: .86/Share REV: 2,960/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 14.2, -5.8, 2.76
EXPECTED JUMP MOVE: 10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
We’ve also got a look at tech news and a couple of stocks to watch.
For years, growth stocks have been beneficiaries of outsized gains compared to the averages. The best growth stocks have 3 traits: strong fundamentals, great technicals, and a history of Big Money activity in the shares. Outlier stocks see a lot of Big Money buying.
Shares of Marvell Technology Group (NASDAQ: MRVL) have been in fine form over the past six months, beating the broader market comfortably on the back of robust demand for its chips, which are used in several fast-growing applications such as 5G wireless networks, cloud computing, automotive, and the industrial market. Shares of the company are taking off in October thanks to a spate of price-target upgrades by Wall Street analysts in response to Marvell’s investor day presentation, which pointed toward an acceleration in the company’s revenue and earnings. Rosenblatt Securities, for instance, raised its price target on Marvell stock to $100, which implies a 53%-plus upside from current levels, while Jefferies’ price target of $82 points toward 25% upside.
Marvell (NASDAQ: MRVL) is pleased to announce that it has been awarded Light Reading’s Leading Lights Public Company of the Year. The Leading Lights is the telecom industry’s most prestigious awards program, recognizing top companies and executives for their outstanding achievements in next-generation communications technology, applications, services, strategies and innovations. The Leading Lights winners were announced during an online awards ceremony on October 8, 2021.
Holding onto Marvell Technology MRVL was worth it, Stephen “Sarge” Guilfoyle wrote in a recent Real Money Pro column. While he considered bailing several times last spring, the stock has rewarded his patience, and now appears set for a new growth spurt following an upbeat investors day. “As time has worn on, it became obvious … that this firm is key to the data center, which is now expected to drive 40% of revenue generation,” Guifoyle wrote recently on Real Money.
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