Jump Report
| Avg Daily Volume: 12,942,127 Market Cap: 111.36B Sector: Technology Short Interest: 2.4 |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: .79/share REV: 2,200/M
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LAST QTR: EPS: .80/share ESTIMATED: .75/share (BEAT)
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NEXT QTR: EPS: 1.11/share REV: 2,540/M
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FY19: EPS: 5.30/share REV: 11,120/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 55% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 6.04, -20.14, -5.32
POTENTIAL JUMP MOVE: 9-11%
Links To Latest News and Headlines
Dow Jones futures were little changed Monday as the stock market saw Tesla stock surge above $1 trillion in value. Facebook earnings beat.
Shares of Nvidia (NASDAQ: NVDA) rose 2% on Monday following bullish analyst commentary. Piper Sandler analyst Harsh Kumar reiterated his overweight rating on Nvidia’s stock. Nvidia’s stock is a buy, according to analysts at Piper Sandler.
Nvidia (NVDA) closed at $231.66 in the latest trading session, marking a +1.94% move from the prior day.
Intel has its sights set on regaining lost business from Apple, explains CEO Pat Gelsinger at Yahoo Finance’s All Markets Summit.
Intel CEO Pat Gelsinger’s full interview with Yahoo Finance anchor & Editor-at-Large Brian Sozzi. Pat discusses the impact of the worldwide chip shortage on Intel’s business as well as how he is transforming the company into a tech industry leader.
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
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ANALYSIS:
Stockjumpers trajectory analysis reveals a positive market reaction to the target’s release news. We see a pop in price post release based on a beat and higher than expected guidance. This stock has soared over the years but the last few quarters the price has dropped and was certainly overbought. We think this quarter will look different – though perhaps not a huge move.
We are LONG on this event
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TRADE PLAN:
ENTRY: BUY – end of day
STOP LOSS: 5%
TAKE PROFIT: 8%
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UPDATE: (2:40PM) We remain biased long on this event.
POST RELEASE ACTION:
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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.