Nvidia (NVDA) Offering Possible 37.93% Return Over the Next 37 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $395.00 short put and a strike $385.00 long put offers a potential 37.93% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $395.00 by expiration. The full premium credit of $2.75 would be kept by the premium seller. The risk of $7.25 would be incurred if the stock dropped below the $385.00 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 59.76 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

Buy Nvidia (NVDA) Stock Because $500 Is Around the Corner, Says 5-Star Analyst
Tue, 14 Jul 2020 00:42:55 +0000
If you’re looking for a large-cap success story from this coronavirus-stained year, look no further than GPU giant Nvidia (NVDA). Driven by two segments – gaming and data center – perfectly suited to the times, investors have rewarded Nvidia with share gains of over 70% year-to-date. So, is now the time to reduce exposure to this impressive performer?Au contraire, says Rosenblatt analyst Hans Mosesmann, who argues Nvidia’s “data center and gaming tailwinds are just getting started.” The 5-star noted, “We continue to like the Nvidia story over the long-term, as we see the secular shift to data processing units within the data center, the entrance into new markets (inference, analytics, machine learning), and strategic partnerships (Mercedes-Benz, potentially others) helping to drive strong revenue growth over the coming years.”Mosesmann doesn’t expect data center momentum to slow down anytime soon. With the recent addition of data specialist Mellanox, the segment now makes up 40% of Nvidia’s overall business. Along with Mellanox, Mosesmann sees additional tailwinds stemming from the A100 Tensor Core GPU – the world's fastest cloud and data center GPU – and “the secular shift within the data center to the data processing unit (DPU).”As for gaming, with most games now able to run on different platforms, Nvidia will benefit from users’ ability to purchase new GPUs along with new consoles. Therefore, the launch of new gaming consoles during the holiday season should act as another tailwind for Nvidia “for many quarters.”Add to the mix Nvidia’s new partnership with Mercedes, in which the two are collaborating on self-driving vehicles using Nvidia’s DRIVE platform – set to hit the market in 2024 – and Mosesmann makes a bold, yet realistic prediction.“We would not be surprised if this initial partnership between Nvidia and Mercedes leads to a string of additional partnerships for Nvidia, as the Nvidia DRIVE platform is the only other platform outside of Tesla that can bring software and AI capabilities to the car,” the analyst said.To this end, Mosesmann maintains a Buy recommendation on Nvidia shares and raises the price target from $400 to $500. What’s in it for investors? Upside potential of 19%. (To watch Mosesmann’s track record, click here)Nvidia has received strong support from Mosesmann’s colleagues, too. Its Strong Buy consensus rating is based on 27 Buys, 4 Holds and 1 Sell. However, given those outsized gains, the $397.38 average price target implies a modest downside. (See Nvidia stock-price forecast on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

US Indexes End Mostly Lower Monday After Morning Rally
Mon, 13 Jul 2020 23:00:15 +0000
S&P; 500 down 0.94% Continue reading…

US STOCKS-S&P 500 and Nasdaq end lower after sharp drop in tech titans
Mon, 13 Jul 2020 20:40:31 +0000
The S&P 500 and Nasdaq ended lower on Monday, pulled down by Amazon, Microsoft and other recent big-name leaders of Wall Street's recent rally. The S&P 500 dipped after briefly touching its highest level since Feb. 25. Stocks that outperformed in recent months, including Amazon , Microsoft, Nvidia and Facebook , ended down more than 2% after gaining earlier in the day.

NVIDIA Names John Dabiri to Board of Directors
Mon, 13 Jul 2020 13:00:10 +0000
SANTA CLARA, Calif., July 13, 2020 — NVIDIA today announced that it has named to its board of directors John Dabiri, the Centennial Professor of aeronautics and mechanical.

Here's What We Learnt About The CEO Pay At NVIDIA Corporation (NASDAQ:NVDA)
Mon, 13 Jul 2020 10:53:41 +0000
Jensen Huang became the CEO of NVIDIA Corporation (NASDAQ:NVDA) in 1993, and we think it's a good time to look at the…

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