Nvidia (NVDA) Offering Possible 41.84% Return Over the Next 36 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $200.00 short put and a strike $190.00 long put offers a potential 41.84% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $2.95 would be kept by the premium seller. The risk of $7.05 would be incurred if the stock dropped below the $190.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Nvidia is bearish and the probability of a decline 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 71.95 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nvidia

Markets Wound Tight
Tue, 12 Nov 2019 23:32:15 +0000
Certain stocks would benefit if interest rates rise, while investors may be finding their way back to GE shares.

Nvidia (NVDA) Stock Is a Winner, but Valuation Is Pretty Full, Says Deutsche Bank
Tue, 12 Nov 2019 22:32:38 +0000
As earnings season draws to a close, there remain a few intriguing companies who have yet to file their quarterly reports. Among the more interesting of those is graphic chip giant Nvidia (NVDA), which will release fiscal third quarter results after the market close on Thursday, November 14.Investor expectations are surely riding high for the company, whose stock price has been performing wonderfully in recent months. Shares have returned 57% this year, whipping the S&P 500's 23% return, and they are just 1% off their 52-week high reached today.Analysts expect Nvidia to report revenue of $2.9 billion, down from last year’s $3.18 billion, with EPS expected at $1.58, compared to last year’s $1.84. So despite the positivity, the graphic card specialist still has a way to go as it seeks to reestablish sales growth. Nevertheless, for investors looking for year-over-year sales trend improvements, the company’s F4Q20 outlook should make for sunny reading, as the bar is set pretty low following last year’s fourth quarter, when sales plummeted by 24%.Granted, not everyone is enthusiastic about Nvidia. With the earnings report around the corner, 5-star Deutsche Bank analyst Ross Seymore remains on the fence. The analyst reiterated a Hold rating on NVDA stock, while raising his price target to $190.00 (from $160.00), which still implies about 10% downside from current levels. (To watch Seymore’s track record, click here)While remaining optimistic about the company’s potential in the secular growth markets, Seymore believes the stock price already reflects that growth opportunity. The analyst noted, “We see investors expecting a solid beat/raise heading into earnings. While NVDA’s track record of beating guidance has been strong historically (3yr avg revs +6% vs guide), that trend has become much more muted in the last year as due to the crypto bust, data center pause and gaming transitions […] We remain Impressed with NVDA's ability to address a wide array of rapidly growing sectors (AI, Datacenter, Gaming, ADAS/AV etc.) and expect optimism on these vectors to remain high heading into FY21. However, we believe much of this goodness is already reflected in NVDA's share price.”All in all, Nvidia has been one of Wall Street’s biggest standouts of 2019, and the biggest question for investors, then, is whether the stock remains attractive.The verdict: Wall Street sizes up NVDA as a ‘Moderate Buy’ stock, as the bulls edge out the cautious on the GPU leader. In the last 3 months, NVDA has received 21 bullish ratings versus 5 analysts hedging their bets, and 2 bears who doubt the rally can be sustained. That said, the $201.83 average price target shows mixed thoughts on the stock, as it represents a 4% drop from today's closing price. However, this may simply be a case of analysts playing catch-up in updating their models since NVDA's surge. (See Nvidia stock analysis on TipRanks)

Trump Trade, Walmart & Nvidia Previews & Buy CASY Stock – Free Lunch
Tue, 12 Nov 2019 19:31:07 +0000
All eyes will be on President Trump Tuesday for U.S.-China trade war updates. Walmart, Nvidia, and others are set to report their quarterly earnings. And why Casey's General Stores (CASY) is a Zacks Rank 1 (Strong Buy) right now…

Nvidia earnings: When will a new product arrive for the data center?
Tue, 12 Nov 2019 17:44:00 +0000
Nvidia Corp. needs to show signs that its data-center business is improving after two quarters of declines as industry watchers are looking for hints of new products in that arena.

Nvidia Reports Earnings on Thursday: 5 Important Things to Watch
Tue, 12 Nov 2019 17:34:00 +0000
Cloud demand trends, gaming GPU sales and Mellanox deal commentary are among the things to watch as Nvidia reports.

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