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
Investing.com – U.S. stock futures dropped on Wednesday, after a modest uptick in Treasury yields weighed on stocks in the previous session. Markets are looking ahead to fresh retail earnings, with investors keen for any insight into the impact of President Donald Trump’s punishing tariffs on prices. Nvidia (NASDAQ:NVDA) CEO Jensen Huang comments on U.S. curbs on artificial intelligence chip exports to China, while inflation in the U.K. surges.
Druckenmiller has traded in Wall Street’s AI darlings for another trillion-dollar tech giant.
Nvidia announced it would make its NVLink technology available to other AI accelerators, such as custom ASICs made by cloud giants. At Computex in Taiwan last weekend, artificial intelligence (AI) GPU leader Nvidia (NASDAQ: NVDA) made a very interesting announcement: It will open up its NVLink technology to other chipsets besides those made by Nvidia, in a product called NVLink Fusion. Rather, Nvidia CEO Jensen Huang thinks whole servers or even complete racks can function as one “giant chip.”
We recently published a list of 10 AI Stocks Investors Are Watching Today. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks that investors are watching today. Speaking on CNBC’s “Halftime Report”, CEO of Ritholtz Wealth Management and CNBC PRO contributor Josh Brown said […]
(Bloomberg) — Nvidia Corp. chief Jensen Huang blasted the “failure” of US restrictions intended to help contain China’s technological ascent, calling on the White House to lower barriers to AI chip sales before American firms cede that market to up-and-coming rivals such as Huawei Technologies Co.Most Read from BloombergCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?Chicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtNJ Transit Makes Deal With Engineers, Ending Th
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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.