During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
Nvidia: up for a gain?
2021-05-25 • Updated
What’s happening
Nvidia is reporting its Q1 earnings on May 26 Midnight/May 27 00:00 GMT +3
What’s the expectation
EPS forecast: $2.62
Most observers expect a strong report from Nvidia. The company already disclosed a preliminary estimation of April performance which is said to be upbeat. That is due to a particularly strong videogame industry position.
You can trade NVIDIA in FBS Trader
What’s in the store now
On May 21, Nvidia announced a 4-for-1 stock split. Upon the announcement, the stock price rose some 5%. Currently, it trades under $645 – the all-time high which is likely to get beaten if investors like the earnings data. In this case, the zone above $650 may be the likely target.
However, the upward channel market in the image is very strong: it has been valid for more than half a year by now, and will likely stay so – even if the stock breaks through the upside on a positive earnings report.
What’s the scenario
- Upon a strong report, the stock goes up beating or re-establishing its position around the all-time him of $645.
- Later on, the stock moves down in a correction to possibly meet the 50-MA around $585.
- Eventually, the stock will reverse to the upside continuing the upward channel and possibly aiming at $670 within the horizon of two weeks.
Similar
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Despite the positive outlook, the FBS analysts are cautious about buying the stock heading into earnings. The stock market has already experienced a significant run-up. Thus, a correction may happen this week!
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