In June, Nvidia’s stock rose despite a split earlier in the month. However, sentiment towards the company has turned bearish recently due to concerns about the fully priced growth being factored into the stock and insider trading issues. Market technicians are also predicting a potential market correction, leading investors to consider reducing exposure to Nvidia … Read more
NVIDIA Corp. shares have rebounded following a recent correction, with one analyst suggesting the company’s market capitalization could reach $4 trillion in the future. Wedbush analyst Daniel Ives referred to the recent stock decline as a short-term pullback, predicting a bullish case of $200 per share for Nvidia. Ives also praised Nvidia CEO Jensen Huang … Read more
:max_bytes(150000):strip_icc()/MarketBlogImage-final-6ac06c7b9250446a8e86c566b11e02e1.png?w=1500&resize=1500,1013&ssl=1 "Nvidia Surges on Dow Jones Today After Brief Pullback; Nasdaq Also Rises")
SolarEdge Technologies (SEDG) experienced a significant drop in shares following news of a client’s Chapter 7 bankruptcy filing and an inability to pay off debts amounting to $11.4 million. As a result, the company warned of potential spending issues in the current quarter and initiated a new bond sale worth $300 million. This news caused … Read more
US markets closed mixed on Monday with industrial companies lifting the Dow while some popular tech names dragged down the Nasdaq. Analysts noted a wait-and-see attitude as major events loom this week including a US presidential debate and key inflation data. The Dow Jones Industrial Average finished up 0.7 percent at 39,411.21. Despite this, the … Read more
NVIDIA (NVDA) is a major focus for investors on Wall Street as they anticipate the company’s upcoming earnings report. The tech giant currently makes up about 5% of the S&P 500 index. Meanwhile, Target (TGT) is under pressure after releasing its first-quarter earnings, which fell short of Wall Street’s expectations with sales declining about 3% … Read more
On Friday, June 16th, our subscribers opened their email to find my June Vertical Options Trader picks. After looking over the trades, subscribers logged into their brokerage accounts and bought call spreads on Wayfair (W). At the time, each spread cost about $286. By Friday, July 14th, those subscribers closed out each position for $819. However, … Read more