Nvidia (NVDA) Offering Possible 39.66% Return Over the Next 22 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $170.00 short put and a strike $165.00 long put offers a potential 39.66% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $3.58 would be incurred if the stock dropped below the $165.00 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 63.79 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nvidia

Investors Look for Support Despite Yield Curve
Mon, 25 Mar 2019 23:16:58 +0000
How much of a cause for concern is the inverted yield curve? Semiconductors led the selling, but investors don't appear ready for hedges.

Micron (MU) Earnings & Revenue Are Expected to Decline Beyond 2019
Mon, 25 Mar 2019 21:07:09 +0000
Micron Technology (MU) posted worse-than-expected earnings and revenue results last week as the chip firm faces a significant decline in DRAM and NAND pricing, along with reduced demand from the likes of Apple (AAPL). Shares of MU briefly climbed in response to the report and Micron stock is up roughly 27% this year. But the chipmaker's outlook appears rough going forward.

Nvidia: So Much Steam in This Rally
Mon, 25 Mar 2019 20:43:28 +0000
Shares of Nvidia Corp. (NVDA), the world's largest manufacturer of graphics processing units, dropped more than 50% between September and December 2018. The company announced its fourth-quarter results on Feb. 14. Warning! GuruFocus has detected 2 Warning Sign with NVDA.

How Morgan Stanley Says Investors Should Prepare for a Slowdown
Mon, 25 Mar 2019 18:30:02 +0000
Morgan Stanley: ‘Get Defensive’ on Inverted Yield Curve(Continued from Prior Part)Morgan Stanley bearish on S&P 500 Morgan Stanley chief equity strategist Michael Wilson’s year-end target for the S&P 500 (SPY) is among the most bearish

Nvidia (NVDA): Investor Day Sets Bullish Tone for the Stock
Mon, 25 Mar 2019 18:12:41 +0000
Nvidia (NVDA) hosted an Investor Day last week, one that had increased importance as the company’s stock has dropped more than 50% since its 2018-high. Based on analyst responses and a quick uptick in share prices, Nvidia did a good job conveying a positive message on the health of its company. The company said that inventory challenges it faced in late-2018 were behind them, as it remains confident that growth will continue coming from auto, data-centers and gaming. While investors have generally had confidence in Nvidia’s long-term potential, it has been the short-term questions that have dogged the stock. With these seemingly being past the company, good times are ahead. Tigress analyst Ivan Feinseth agrees with this premise, as he continues to rate the company a Buy. (To watch Feinseth's track record, click here)Speaking on data centers, Feinseth says Nvidia’s acquisition of Mellanox “increases [its] data center capabilities and reduces dependence on gaming.” The company acquired Mellanox Technologies earlier in March for $6.9 billion, as Feinseth believes the company expanded “its expertise in the growing data center components market.” Furthermore, “the acquisition will further accelerate NVDA’s integration of its GPUs in data centers driving faster innovation and processing of data, and integrating AI capabilities in large databases.”On its Turing Architecture, Feinseth points out this is “driving the next generation of GPU technology.” The analyst believes it “enables real-time graphic ray tracing which is a rendering technique for generating images by tracing the path of light as pixels in an image plane and simulating interactions with virtual objects. It increases the capabilities of producing very high degrees of visual realism which has many applications including e-sports, gaming, and in computer-generated video production.” This product will be increase offerings to media and entertainment, and manufacturing industries, among others.  Feinseth remains bullish on NVDA stock "as new data center opportunities along with an expected turnaround in gaming GPUs in the second half of this year will overcome near-term headwinds.” The analyst says, “recent weakness from macro headwinds and a significant drop in demand from crypto mining will start to turn later in this year,” which will provide a boost to its stock. Furthermore, “NVDA continues to evolve into a platform provider with expertise in graphics processing, computing, and deep learning. GPUs for gaming and artificial intelligence for high-performance computing and cloud data centers are NVDA’s key growth drivers.”All in all, Nvidia, which was one of Wall Street’s hottest stocks for much of the past few years, hit a few speed bumps in 2018. But the analyst community is still optimistic about the company in the long run. TipRanks analysis of 32 analyst ratings on Nvidia shows a Moderate Buy consensus, with 21 analysts recommending Buy, ten recommending Hold and one saying Sell. The average price target is $188.38, representing a 9.5% upside to current levels. (To see NVDA’s price target on TipRanks, click here) Read more on NVDA:Nvidia’s (NVDA) Analyst Day Spotlights the Value of an Ecosystem, But the Stock Is Overvalued, Says NeedhamNvidia’s (NVDA) GPU Technology Conference Kicks Off; Rosenblatt Maintains Buy on the StockNvidia (NVDA) Makes an Eyebrow-Raising Acquisition; Here’s What Analysts Had to SayTechnology Stocks This Week: Nvidia (NVDA) Doubles Down on Data Center, Key Tech Players Team Up for CXL Interconnect More recent articles from Smarter Analyst: * Square (SQ) Stock Has 20% Upside Potential, Says Top Analyst * Stock Market Reaction to Micron (MU) Earnings Was Positive, but Short-Lived; MKM Weighs In * There’s No Middle Ground for Tesla (TSLA) Stock * Qualcomm (QCOM) Stock Remains an Attractive Dividend Pick

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