%% More, before ??LOL Actually i did sell some qqq related today ; Stock Traders Almanac likes longs on NQ for this week They maybe right, cut a loss\ on QID
Here's what Wall Street expects of Nvidia in the quarter, as compiled by Bloomberg, versus how it performed in the same quarter last year. Revenue: $16.1 billion expected versus $5.93 billion in Q3 last year Adjusted EPS: $3.36 expected versus $0.58 in Q3 last year Data center revenue: $12.82 billion expected versus $3.83 billion in Q3 last year Gaming revenue: $2.7 billion expected versus $1.57 billion in Q3 last year Investors will also be focused on the company's revenue outlook, with Wall Street expecting fourth quarter guidance to come in at $17.8 billion. Revenue guidance is where the company has surprised investors most in 2023. In August, the stock hit an all-time high after Nvidia reported second quarter results that smashed Wall Street's expectations on both revenue and earnings per share, as well as guidance that exceeded lofty estimates. Back in May, one analyst referred to the company's forecast as "guidance for the ages." "We expect NVDA to beat/raise consensus when it reports on Nov. 21," Bank of America research analyst Vivek Arya wrote in a note previewing the earnings release. The firm remains positive on the stock, calling the valuation "compelling" and noting seasonal trends remain favorable. But the stock stumbled for a few months following its August report as investors began to question Nvidia's valuation, while updates on chip restrictions in China also challenged assumptions about the ultimate size of the market the company may be selling into. In an SEC filing after the announcement, the company said it does not expect a near-term impact from the new restrictions. Stifel analyst Ruben Roy told Yahoo Finance Live he expects similar commentary from Nvidia on Tuesday. "We think that there's quite a bit of demand globally, ex-China," Roy said. "So, certainly, in the US, the big cloud service providers ... we think that's going to continue to be a very big opportunity for Nvidia going forward. But even outside of the US and in areas like Europe, Japan, South Korea, you name it, there's a lot going on with AI ... Nvidia remains, in our view, the best way to position for that growth." Nvidia has been a driver of momentum in the stock market this year as a key member of the "Magnificent Seven" stocks — along with Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Tesla (TSLA). Together, these stocks have gained more than 70% this year through mid-November against a 6% rise for the remaining 493 stocks in the S&P 500.
It's the holidays of course stocks have to go up I laugh when they question the Santa clause rally even after stocks have skyrocketed 10% in the last 3 weeks.
Jeff Bezos 'aggressive' again Tuesday selling more Amazon stock after unloading shares last week, sources say PUBLISHED TUE, NOV 21 2023 11:14 AM ESTUPDATED 2 HOURS AGO
%% OCT is usUally UP\not even a rally. [oct2023] Can go Hi /sky high / even SPY. NOV seems like they catch up for missing the usualy OCT up Hi /sky HI, fed rate help/AI + NOV seasonals. ONE reason markets tend to do worse [down more in SEPT + frequently better in 1st + 4th quarter,than average Stock Traders Almanac/ averages bear + bull markets /I dont
You guys still don't realize how unstoppable this market is. Who cares if it's 7 stocks? The post above me is literally the market now. Any time you see a quick violent drop, it's always answered by a V. I know my posts can seem repetitive, but I don't don't know what else to say. It doesn't matter how narrow or whatever this rally is, the point is it's so protected from any drop that even the smallest of drops just forces this to go even higher.
%% Good points; even though you ignored SEPT drop \OCT down. Good thing for US we can read price data. 7 stocks /LOL that just proves the advantage of a good benchmark like SPY, VOO, QQQ........ Super stock pickers like Peter Lynch,Mr Greenblatt ....... can be a bit rare