Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $160.00 short put and a strike $150.00 long put offers a potential 27.39% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $2.15 would be kept by the premium seller. The risk of $7.85 would be incurred if the stock dropped below the $150.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Nvidia is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Nvidia is bullish.
The RSI indicator is at 57.6 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Nvidia
Can AMD Stock Break Out to $37?
Fri, 19 Jul 2019 18:45:57 +0000
Advanced Micro Devices (NASDAQ:AMD) stock has been red-hot, hitting new 52-week highs earlier this month. When it comes to returns, AMD stock is crushing its peers like Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC).Source: Shutterstock Even better, InvestorPlace readers who followed my advice have been crushing the trade too, riding the surge from about $30 to $34 and cashing out on its run into resistance. Now we have to consider when to buy AMD stock again and decide whether it can break out over its stiff resistance. * 10 Tech Stocks That Are Still Worth Your Time (And Money) $34 has proven to be a tough nut to crack, but with the trend pointing higher, a breakout could be looming. AMD stock price fell slightly on Wednesday as it failed to exceed $74. Advanced Micro Devices stock was down over 2% in early trading on Thursday, thanks to a downgrade by Mizuho. In mid-afternoon trading today, the stock is down 0.2% to $32.90.InvestorPlace – Stock Market News, Stock Advice & Trading TipsMizuho analysts downgraded the stock to "neutral" from "buy," but raised their price target to $37 from $33. The new target is more than 10% above the current price of Advanced Micro Devices stock. Not that it matters all that much, but it's worth pointing out that the Street-high target for AMD stock is $43, about 30% above its current levels.So can Advanced Micro Devices stock reach $43? Trading AMD Stock Click to EnlargeA look at the weekly chart above shows a pretty simple layout. AMD stock is being pushed higher by uptrend support (depicted by the blue line) and is finding resistance at $34. It temporarily broke above this mark earlier this week, but it wasn't able to stay above it.That's not surprising, given how much resistance the shares face at $33-$34. In fact, I'd argue that it's healthy for AMD stock to back off its recent run a bit. The more shallow the dips become and the more times it tests $34, the more likely it is to push through that level.This is setting up as a textbook ascending triangle formation. That's where a stock makes a series of higher lows, led higher by uptrend support, while regularly failing at a static level of resistance. That's exactly what Advanced Micro Devices stock is doing now.That doesn't guarantee that AMD stock will break out or that it will push through $34. Advanced Micro Devices stock very well could lose uptrend support and tumble lower in the ensuing months. I would absolutely love another shot at AMD near the 10-week moving average, which is currently at $30.60, or near its uptrend support.That would require a fall of about 7.5% of AMD stock price, which I'm not sure we'll get. The company reports its earnings on July 30, so investors looking to ride some pre-earnings momentum or those looking to avoid a potentially large move should keep that date in mind.So what's the plan? Those who love AMD stock can gobble it up on any of these pullbacks. For more prudent investors, buying Advanced Micro Devices stock on a deeper pullback or on a breakout over $34 are possibilities. Like I said, I would love to buy AMD after it retests its support. Valuing Advanced Micro DevicesWhy is Advanced Micro Devices stock doing so much better than its peers? In 2019, AMD stock is up 78%, compared to just 28% and 5% for NVDA and INTC, respectively. Over the past 12 months, the performance gaps are even more stark.AMD stock price has surged 97% in the last year, while NVDA has fallen almost 33%. Ouch. Intel is down about 5% during that span. This difference in performance is why I recommended a basket approach more than a year ago to protect against risk. While Nvidia has underperformed Intel, imagine owning just Intel or just Nvidia and watching AMD double. That's frustrating.Luckily though, AMD's fundamentals are improving.While Nvidia makes the best-in-class chips, AMD's products are making up ground. AMD's products are being incorporated into more PCs, gaming consoles and other systems, enabling the company to generate strong top- and bottom-line growth. While Intel is struggling to generate growth and while Nvidia has negative metrics in 2018, AMD continues to pump out solid results.Analysts, on average, expect AMD's revenue to eke higher by 6.3% this year to $6.88 billion. In 2020 though, the consensus forecast calls for a 22%surge to almost $8.5 billion. The company's earnings forecast is even more impressive, with average estimates calling for 43.5% growth this year and an acceleration up to 56% growth in 2020.In 2020, the consensus estimate calls for earnings of $1.03 per share, which leaves AMD stock trading at roughly 32 times next year's consensus EPS outlook. That's a little pricey, considering how much better Nvidia's margins are than AMD's. But assuming AMD can meet the consensus growth estimates, the valuation of AMD stock isn't all that unreasonable.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Can AMD Stock Break Out to $37?Â appeared first on InvestorPlace.
How To Trade Top Stocks: Why Apple, Nvidia Breakouts Still Worked Despite 'Light Volume'
Fri, 19 Jul 2019 15:59:35 +0000
Sometimes, a fantastic breakout by a high-quality growth stock starts in average or barely higher than usual volume. Why?
Netflix Stock: How I Knew to Sell BEFORE It Got Crushed
Fri, 19 Jul 2019 14:24:17 +0000
Thursday was an awful day for Netflix (NASDAQ:NFLX) stock — probably its worst in eight years.That was the last time the company reported a quarterly loss in U.S. subscribers. And this morning, Netflix did just that: Over the last quarter, Netflix reported a net loss of 126,000 U.S. subscribers. Analysts with FactSet were expecting a 352,000 gain!Worldwide, Netflix did manage a net gain in subscribers (of 2.7 million)…but only half as many as expected (5 million).InvestorPlace – Stock Market News, Stock Advice & Trading TipsThis has created some controversy on Wall Street about whether to abandon NFLX – one of the most popular stocks around. Morgan Stanley says Netflix stock is still a long-term buy; Wedbush Securities says that is "idiotic."But ultimately, NFLX was down 11% on the news, and that says it all.This is, again, a significant reversal. Netflix stock had been chugging along just fine, prior to Thursday. And last month, we cashed out a 120% gain on NFLX in my Accelerated Profits service!So, today I want to talk about how to know when to sell.Our exit from NFLX was extremely well timed – but not because of any particular genius on my part. (Although I do like to think, after 40 years, I've learned a thing or two.)It was because I know how to read the signs. And if the other so-called "experts" had taken a good, hard look at Netflix's last earnings release – they might have avoided this, too!Back in June, Netflix stock was a great performer. And in the previous quarter, U.S. subscriptions had gained 1.7 million! Overall, subscriptions were up 26% year-over-year. And earnings per share were up, too, by 18.8%.But there was a big red flag, too. As I put it in my "sell" alert on June 11:"For the second quarter, Netflix provided weaker-than-expected guidance. As a result, analysts have slashed earnings per share estimates and are now looking for a 34.1% drop in earnings. Let's take that as our cue to exit. NFLX is up about 7% in the past week, so if you bought NFLX at the time of my original recommendation, you'll exit the stock with about a 120% gain. Sell NFLX."Analyst Earnings Revisions are a big factor in my Portfolio Grader system. And on Thursday, NFLX investors may have wished they'd heeded that warning. My guess is that a lot of folks "fell in love" with NFLX. But I don't believe in falling in love with a stock. I'm a numbers guy…and when the numbers turn south, I get out.In January, we took profits in NVIDIA Corporation (NASDAQ:NVDA) for similar reasons.NVDA stock is one of my favorites of recent years and had been a top performer for nearly three years. Demand for its graphics chips had skyrocketed – until it stumbled in the third quarter of 2018, when the company fell short of its sales forecasts.The company guided below expectations as well, which is what really hit the stock.As the share price grew more volatile and analysts kept lowering their forecasts for NVDA stock, I knew it was time to collect our winnings. So, in Accelerated Profits, we closed our position on a bounce for a whopping 166% profit.Now, a "sell" in our short-term system does not mean that a stock is a bad long-term investment. It very well could be a great long-term investment.But to generate consistent short-term profits, we've found that a decline in fundamental indicators is a clear sign to move on, take profits, and focus on stocks with superior ratings.Our system is very picky. It demands excellence from stocks. We don't let our money sit in a stock with declining ratings when we know it can be deployed into stronger stocks. After all, I believe our money deserves the very best, and you deserve the very best, too. Where I See the Best Opportunity NowThe investment potential in 5G wireless is huge; whoever controls 5G would essentially control the internet several years from now.There are a lot of companies out there that are jumping on the 5G bandwagon, but it's all about finding the right company that offers significant long-term potential.I have found just that name. In my Growth Investor service, I recommended a not-so-well-known electronics company that is helping some of the big ones move into the 5G space.To learn more, I strongly suggest you go here to watch my presentation on the huge technological shift going on at now. And if you sign up now, you'll receive my 1 Investment for the Coming 5G Revolution absolutely free. It tells you absolutely everything you need to know about 5G and the best way to play it. Click here for the details.The post Netflix Stock: How I Knew to Sell BEFORE It Got Crushed appeared first on InvestorPlace.
TSMC’s and Samsung’s Rivalry Fuels Rumors
Fri, 19 Jul 2019 13:03:19 +0000
Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, competes with Samsung Foundry (SSNLF) and Global Foundries.
Nvidia returns us to the moon in time for Apollo 11's 50th anniversary
Fri, 19 Jul 2019 13:01:23 +0000
Nvidia has recreated the Apollo 11 moon landing in modern graphics to demonstrate what astronauts saw 50 years ago.
Also on Market Tamer…
Follow Us on Facebook