A 20-year-old professional trader has revealed his innovative trading strategy known as “MoneyLine.” This simple line on a chart helps determine when to buy and sell without the need for complicated indicators. Nic Chahine has successfully used this method to win 83% of his options purchases. In recent options activity for Oracle (NYSE:ORCL), there has … Read more
Cisco Systems, Inc. (NASDAQ:CSCO) saw a slight increase of 0.1% in its shares on Friday, reaching a high of $46.80 and closing at $46.64. The trading volume was significantly lower than average at 2,448,325 shares. Wall Street analysts have given mixed ratings to the company, with some raising price targets and others downgrading their ratings. … Read more
In a recent CNBC segment, Jim Cramer emphasized the importance of holding onto Nvidia stock amid the AI revolution. He advised investors to keep Nvidia as a long-term investment rather than trading it, emphasizing the company’s dominance in the AI chip market. Nvidia recently surpassed Wall Street’s profit expectations, reaching a share price of over … Read more
Stocks took a hit on Thursday, with the Dow Jones Industrial Average experiencing its worst day of the year in 2024. Despite a post-earnings surge in NVIDIA, the overall market failed to see a significant lift. The Dow Jones, consisting of 30 stocks, dropped by 605.78 points, or 1.53%, marking its most significant decline of … Read more
Financial giants have recently shown a bearish movement towards IBM, with analysis revealing 8 unusual options operations. Among these operations, 25% of traders were bullish and 50% showed bearish trends. The options history included 6 put options valued at $189,283 and 2 call options valued at $83,475. The big players in the market have been … Read more
Deep-pocketed investors have recently taken a bullish stance on Oracle (ORCL), according to public options filings analyzed by Benzinga. This significant move suggests that something significant may be on the horizon, although the identities of these investors remain unknown. Benzinga’s Options Scanner highlighted 11 unusually high options activities for Oracle, indicating a level of activity … Read more
Nutanix, Inc. (NASDAQ: NTNX) saw its stock price reach a new 52-week high on Tuesday, trading as high as $73.37 and closing at $72.39 on a volume of 404,157 shares. Wall Street analysts have been bullish on NTNX stock, with several raising their target prices and giving the stock buy ratings. The stock’s 50-day moving … Read more
Nvidia reported strong first-quarter results, with adjusted earnings of $6.12 per share on revenue of $26.04 billion, driven by a 427% rise in data center revenue. The company’s data center growth was fueled by increased shipments of the NVIDIA Hopper GPU computing platform used for training various AI applications. Looking ahead to the fiscal second … Read more
Nvidia reported strong first-quarter results, with adjusted earnings of $6.12 per share on revenue of $26.04 billion, surpassing analyst expectations. The company experienced a 427% rise in data center revenue, driven by demand for AI-driven applications. Nvidia also provided optimistic guidance for the current quarter, expecting revenue of $28 billion, above estimates of $26.54 billion. … Read more
The S&P 500 and Nasdaq closed at record highs before Nvidia’s first-quarter earnings report. The market has been influenced by AI technology and increased demand for data centers in the utility sector. AI has been a prominent theme in earnings reports across all sectors. Investors are eagerly waiting for Nvidia’s earnings, especially given the high … Read more