Why? Despite the fact that analysts and experts have been predicting the US stock market crash during pash year S&P500 doubled since March 2020 crush and NASDAQ is also gaining permanently…
Is Nvidia a Buy ahead of Earnings?
2021-08-12 • Updated
What will happen?
Nvidia will unveil its financial results for the second quarter at midnight from August 18 to August 19 GMT+3 (MetaTrader time). The 2nd quarter was challenging for the company as it was coping with the chip shortage. This problem keeps weighing on the company. Is Nvidia still a buy? Yes! Nvidia is up nearly 50% in 2021, despite many challenges.
The company has been unable to meet consumer demand because of the global chip shortage. A reduced supply has created a deficit of chips in the market and pushed the semiconductors’ prices up. On the one hand, Nvidia gained from it, but if it had more GPUs to sell, its financial results will be even higher. Anyway, Nvidia has managed to show record revenue for the first quarter.
Nvidia has implemented a 4-to-1 stock split on July 20. A lower price has made the stock more accessible for investors!
Analysts forecast that Nvidia’s earnings per share will be $1.02, while revenue – $6.32 billion. In general, when the actual numbers are greater than expected, the stock price rises. In case of worse-than-expected results – it falls. This time, analysts expect a slowdown, and if Nvidia surprises investors, it may rocket after the report.
The stock price is just under $200.00. It is struggling to cross this resistance level, but if it manages to do so, it will jump to the next round number of $210.00. Support levels are at the recent lows of $190.00 and $185.00.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
- Open an account in FBS Trader or the MT5 account in your personal area.
- Start trading!
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
Where is it used? Aluminum is used in the metallurgical industry in the production of many metals…
The Turkish lira has been pressed by Turkey’s central bank (CBRT). Analysts believe USD/TRY will reach 10.00 by the year's end.
One of the largest tech companies in the US will reveal its financial results for the third quarter already tonight after the market closing! Await the release at the midnight (GMT+3).
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currencies…