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Dlim6745
2021-02-24
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Credit Suisse, UBS Moving Bankers to China From Hong Kong
Dlim6745
2021-02-24
Cool
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UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.</p><p>Competition is heating up in China after the nation last year allowed foreign firms to fully own their onshore securities businesses. Credit Suisse and UBS, as well as U.S. rivals such as Goldman Sachs Group Inc. and JPMorgan Chase & Co., are boosting their presence in the country, in some cases seeking to double staff, to chase after profits that are estimated to reach $47 billion in investment banking alone by 2026.</p><p>Veteran banker Houston Huang, who oversaw China deal-making for JPMorgan Chase & Co. from Hong Kong, relocated in February to Shanghai after being named chief executive and head of investment banking for its securities joint venture on the mainland, people familiar said.</p><p>Media representatives at the Swiss firms and JPMorgan said they couldn’t comment.</p><p>Having bankers in Hong Kong, long a bridge between the West and China, is becoming less crucial as the mainland market opens. The moves are in part prompted by concerns over continued restrictions on travel to and from Hong Kong, which is making it hard to do deals on the mainland. The city has struggled to stamp out a fourth coronavirus wave, while in mainland China it’s largely business as usual.</p><p>UBS and Credit Suisse both have aggressive plans to expand on the mainland. UBS in late 2018 became the first global investment bank to gain control of a local securities joint venture.</p><p>Helman Sitohang, the Credit Suisse Asia Pacific chief executive officer, said in an interview last week that the bank is seeking to gain full control over its venture as soon as possible. The bank plans to double its headcount in the country and has been working to upgrade its infrastructure as well as moving bankers to China.</p><p>Credit Suisse and UBS both ranked outside of the top 10 last year arranging Chinese share sales on the mainland and in Hong Kong, trailing China’s biggest firms as well as Morgan Stanley and Goldman Sachs, data compiled by Bloomberg show.</p><p>UBS ranked third in advising on mergers and acquisitions in China over the past 12 months, trailing CICC and Goldman Sachs. 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China’s tax rate is as high as 45%, while Hong Kong’s is about 15%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Suisse, UBS Moving Bankers to China From Hong Kong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse, UBS Moving Bankers to China From Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 15:26 GMT+8 <a href=http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest growing major economyCredit Suisse Group AG and UBS Group AGare relocating a number of bankers to ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBS":"瑞银"},"source_url":"http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103996457","content_text":"Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest growing major economyCredit Suisse Group AG and UBS Group AGare relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms.Credit Suisse recently moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to the mainland, according to people familiar with the matter who asked not to be named discussing internal decisions. UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.Competition is heating up in China after the nation last year allowed foreign firms to fully own their onshore securities businesses. Credit Suisse and UBS, as well as U.S. rivals such as Goldman Sachs Group Inc. and JPMorgan Chase & Co., are boosting their presence in the country, in some cases seeking to double staff, to chase after profits that are estimated to reach $47 billion in investment banking alone by 2026.Veteran banker Houston Huang, who oversaw China deal-making for JPMorgan Chase & Co. from Hong Kong, relocated in February to Shanghai after being named chief executive and head of investment banking for its securities joint venture on the mainland, people familiar said.Media representatives at the Swiss firms and JPMorgan said they couldn’t comment.Having bankers in Hong Kong, long a bridge between the West and China, is becoming less crucial as the mainland market opens. The moves are in part prompted by concerns over continued restrictions on travel to and from Hong Kong, which is making it hard to do deals on the mainland. The city has struggled to stamp out a fourth coronavirus wave, while in mainland China it’s largely business as usual.UBS and Credit Suisse both have aggressive plans to expand on the mainland. UBS in late 2018 became the first global investment bank to gain control of a local securities joint venture.Helman Sitohang, the Credit Suisse Asia Pacific chief executive officer, said in an interview last week that the bank is seeking to gain full control over its venture as soon as possible. The bank plans to double its headcount in the country and has been working to upgrade its infrastructure as well as moving bankers to China.Credit Suisse and UBS both ranked outside of the top 10 last year arranging Chinese share sales on the mainland and in Hong Kong, trailing China’s biggest firms as well as Morgan Stanley and Goldman Sachs, data compiled by Bloomberg show.UBS ranked third in advising on mergers and acquisitions in China over the past 12 months, trailing CICC and Goldman Sachs. The Swiss bank’s standing was boosted by its work on a natural gas pipeline deal.Other banks such as Morgan Stanley have also been moving people out of Hong Kong to bases on the mainland.But banks have had some difficulties in persuading Hong Kong-based senior bankers to move to due to higher taxes, lifestyle differences and family reasons.China recently signaled it would start taxing its citizens living abroad, though questions remain how broadly the authorities will apply the new rules in Hong Kong. China’s tax rate is as high as 45%, while Hong Kong’s is about 15%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363518308,"gmtCreate":1614152674004,"gmtModify":1704888784310,"author":{"id":"3576752726543395","authorId":"3576752726543395","name":"Dlim6745","avatar":"https://static.tigerbbs.com/d68d5e924307d752c83be76877bed2b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576752726543395","authorIdStr":"3576752726543395"},"themes":[],"htmlText":"Cool ","listText":"Cool ","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363518308","repostId":"1147931936","repostType":4,"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":363516359,"gmtCreate":1614152791171,"gmtModify":1704888785764,"author":{"id":"3576752726543395","authorId":"3576752726543395","name":"Dlim6745","avatar":"https://static.tigerbbs.com/d68d5e924307d752c83be76877bed2b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576752726543395","authorIdStr":"3576752726543395"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363516359","repostId":"1103996457","repostType":4,"repost":{"id":"1103996457","pubTimestamp":1614151573,"share":"https://ttm.financial/m/news/1103996457?lang=&edition=fundamental","pubTime":"2021-02-24 15:26","market":"us","language":"en","title":"Credit Suisse, UBS Moving Bankers to China From Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1103996457","media":"Bloomberg","summary":"Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest ","content":"<ul><li>Swiss firms are relocating bankers to lift China dealmaking</li><li>Global banks build up in world’s fastest growing major economy</li></ul><p>Credit Suisse Group AG and UBS Group AGare relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms.</p><p>Credit Suisse recently moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to the mainland, according to people familiar with the matter who asked not to be named discussing internal decisions. UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.</p><p>Competition is heating up in China after the nation last year allowed foreign firms to fully own their onshore securities businesses. Credit Suisse and UBS, as well as U.S. rivals such as Goldman Sachs Group Inc. and JPMorgan Chase & Co., are boosting their presence in the country, in some cases seeking to double staff, to chase after profits that are estimated to reach $47 billion in investment banking alone by 2026.</p><p>Veteran banker Houston Huang, who oversaw China deal-making for JPMorgan Chase & Co. from Hong Kong, relocated in February to Shanghai after being named chief executive and head of investment banking for its securities joint venture on the mainland, people familiar said.</p><p>Media representatives at the Swiss firms and JPMorgan said they couldn’t comment.</p><p>Having bankers in Hong Kong, long a bridge between the West and China, is becoming less crucial as the mainland market opens. The moves are in part prompted by concerns over continued restrictions on travel to and from Hong Kong, which is making it hard to do deals on the mainland. The city has struggled to stamp out a fourth coronavirus wave, while in mainland China it’s largely business as usual.</p><p>UBS and Credit Suisse both have aggressive plans to expand on the mainland. UBS in late 2018 became the first global investment bank to gain control of a local securities joint venture.</p><p>Helman Sitohang, the Credit Suisse Asia Pacific chief executive officer, said in an interview last week that the bank is seeking to gain full control over its venture as soon as possible. The bank plans to double its headcount in the country and has been working to upgrade its infrastructure as well as moving bankers to China.</p><p>Credit Suisse and UBS both ranked outside of the top 10 last year arranging Chinese share sales on the mainland and in Hong Kong, trailing China’s biggest firms as well as Morgan Stanley and Goldman Sachs, data compiled by Bloomberg show.</p><p>UBS ranked third in advising on mergers and acquisitions in China over the past 12 months, trailing CICC and Goldman Sachs. The Swiss bank’s standing was boosted by its work on a natural gas pipeline deal.</p><p>Other banks such as Morgan Stanley have also been moving people out of Hong Kong to bases on the mainland.</p><p>But banks have had some difficulties in persuading Hong Kong-based senior bankers to move to due to higher taxes, lifestyle differences and family reasons.</p><p>China recently signaled it would start taxing its citizens living abroad, though questions remain how broadly the authorities will apply the new rules in Hong Kong. China’s tax rate is as high as 45%, while Hong Kong’s is about 15%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Suisse, UBS Moving Bankers to China From Hong Kong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse, UBS Moving Bankers to China From Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 15:26 GMT+8 <a href=http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest growing major economyCredit Suisse Group AG and UBS Group AGare relocating a number of bankers to ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBS":"瑞银"},"source_url":"http://bloomberg.com/news/articles/2021-02-24/credit-suisse-ubs-move-bankers-to-mainland-china-from-hong-kong?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103996457","content_text":"Swiss firms are relocating bankers to lift China dealmakingGlobal banks build up in world’s fastest growing major economyCredit Suisse Group AG and UBS Group AGare relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms.Credit Suisse recently moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to the mainland, according to people familiar with the matter who asked not to be named discussing internal decisions. UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.Competition is heating up in China after the nation last year allowed foreign firms to fully own their onshore securities businesses. Credit Suisse and UBS, as well as U.S. rivals such as Goldman Sachs Group Inc. and JPMorgan Chase & Co., are boosting their presence in the country, in some cases seeking to double staff, to chase after profits that are estimated to reach $47 billion in investment banking alone by 2026.Veteran banker Houston Huang, who oversaw China deal-making for JPMorgan Chase & Co. from Hong Kong, relocated in February to Shanghai after being named chief executive and head of investment banking for its securities joint venture on the mainland, people familiar said.Media representatives at the Swiss firms and JPMorgan said they couldn’t comment.Having bankers in Hong Kong, long a bridge between the West and China, is becoming less crucial as the mainland market opens. The moves are in part prompted by concerns over continued restrictions on travel to and from Hong Kong, which is making it hard to do deals on the mainland. The city has struggled to stamp out a fourth coronavirus wave, while in mainland China it’s largely business as usual.UBS and Credit Suisse both have aggressive plans to expand on the mainland. UBS in late 2018 became the first global investment bank to gain control of a local securities joint venture.Helman Sitohang, the Credit Suisse Asia Pacific chief executive officer, said in an interview last week that the bank is seeking to gain full control over its venture as soon as possible. The bank plans to double its headcount in the country and has been working to upgrade its infrastructure as well as moving bankers to China.Credit Suisse and UBS both ranked outside of the top 10 last year arranging Chinese share sales on the mainland and in Hong Kong, trailing China’s biggest firms as well as Morgan Stanley and Goldman Sachs, data compiled by Bloomberg show.UBS ranked third in advising on mergers and acquisitions in China over the past 12 months, trailing CICC and Goldman Sachs. The Swiss bank’s standing was boosted by its work on a natural gas pipeline deal.Other banks such as Morgan Stanley have also been moving people out of Hong Kong to bases on the mainland.But banks have had some difficulties in persuading Hong Kong-based senior bankers to move to due to higher taxes, lifestyle differences and family reasons.China recently signaled it would start taxing its citizens living abroad, though questions remain how broadly the authorities will apply the new rules in Hong Kong. China’s tax rate is as high as 45%, while Hong Kong’s is about 15%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363518308,"gmtCreate":1614152674004,"gmtModify":1704888784310,"author":{"id":"3576752726543395","authorId":"3576752726543395","name":"Dlim6745","avatar":"https://static.tigerbbs.com/d68d5e924307d752c83be76877bed2b7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576752726543395","authorIdStr":"3576752726543395"},"themes":[],"htmlText":"Cool ","listText":"Cool ","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363518308","repostId":"1147931936","repostType":4,"repost":{"id":"1147931936","pubTimestamp":1614152303,"share":"https://ttm.financial/m/news/1147931936?lang=&edition=fundamental","pubTime":"2021-02-24 15:38","market":"us","language":"en","title":"How to Trade Nvidia After Chipmaker Reports Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1147931936","media":"TheStreet","summary":"Nvidia was looking great but is now tumbling ahead of earnings. Is it an opportunity or a warning? ","content":"<p>Nvidia was looking great but is now tumbling ahead of earnings. Is it an opportunity or a warning? Let's look at the key levels on the chart.</p>\n<p>For as much love as Nvidia, the stock has been eerily quiet over the last several quarters.</p>\n<p>One could almost say the same thing about Advanced Micro Devices.</p>\n<p>While both sport big gains from the March 2020 low and from previous points beyond the past several quarters, the stocks have spent plenty of time consolidating.</p>\n<p>AMD already reported earnings in January and we saw a three-day dip as a result even though the results were solid. Will Nvidia also remain stagnant?</p>\n<p>Shares hesitantly traded down to the 200-day moving average amid the coronavirus selloff, holding up much better than most stocks. The stock then rallied 225% to its high in September, topping near $590.</p>\n<p>Earlier this month, Nvidia gave bulls a great setup, breaking out over the $590 level - which also was resistance in November, giving it a double-top look - and consolidating above $600.</p>\n<p>At Tuesday’s low, shares were down almost 11% over the prior two days as the stock got caught up in Nasdaq’s tumble. Let’s see if earnings can change the narrative.</p>\n<p><b>Trading Nvidia</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81b99c23030216590e5b769c23ecd647\" tg-width=\"1070\" tg-height=\"736\"><span>Daily chart of Nvidia stock.</span></p>\n<p>Nvidia is set to report earnings after the close on Wednesday. With momentum coming out of the stock over the last two days, it offers investors a better entry opportunity even if sentiment has soured a bit.</p>\n<p>I like the way shares are bouncing off the 50-day and 100-day moving averages and are now hovering near the $550 mark. That said, the breakout and rapid unwind ahead of earnings makes the setup more difficult.</p>\n<p>On the upside, bulls want to see shares reclaim downtrend resistance and the 10-day moving average. That will require a move above $578. However, they will mostly want to see Nvidia stock get back above $590.</p>\n<p>If it can do that, then $600-plus is in play, as well as new highs. About a year ago, this was the quarter that spurred a big breakout for Nvidia only for it to get hit a few days later amid the Covid-19 selloff.</p>\n<p>If we get a repeat performance and the stock clears the current high near $615, the 161.8% extension north of $660 could be on the table.</p>\n<p>On the downside, a break of Tuesday’s low could put range support near $500 in play. Below that and the 200-day moving average is possible, currently near $480.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Trade Nvidia After Chipmaker Reports Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Trade Nvidia After Chipmaker Reports Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 15:38 GMT+8 <a href=https://www.thestreet.com/investing/nvidia-nvda-stock-earnings-preview-trading-022321><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia was looking great but is now tumbling ahead of earnings. Is it an opportunity or a warning? Let's look at the key levels on the chart.\nFor as much love as Nvidia, the stock has been eerily ...</p>\n\n<a href=\"https://www.thestreet.com/investing/nvidia-nvda-stock-earnings-preview-trading-022321\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.thestreet.com/investing/nvidia-nvda-stock-earnings-preview-trading-022321","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147931936","content_text":"Nvidia was looking great but is now tumbling ahead of earnings. Is it an opportunity or a warning? Let's look at the key levels on the chart.\nFor as much love as Nvidia, the stock has been eerily quiet over the last several quarters.\nOne could almost say the same thing about Advanced Micro Devices.\nWhile both sport big gains from the March 2020 low and from previous points beyond the past several quarters, the stocks have spent plenty of time consolidating.\nAMD already reported earnings in January and we saw a three-day dip as a result even though the results were solid. Will Nvidia also remain stagnant?\nShares hesitantly traded down to the 200-day moving average amid the coronavirus selloff, holding up much better than most stocks. The stock then rallied 225% to its high in September, topping near $590.\nEarlier this month, Nvidia gave bulls a great setup, breaking out over the $590 level - which also was resistance in November, giving it a double-top look - and consolidating above $600.\nAt Tuesday’s low, shares were down almost 11% over the prior two days as the stock got caught up in Nasdaq’s tumble. Let’s see if earnings can change the narrative.\nTrading Nvidia\nDaily chart of Nvidia stock.\nNvidia is set to report earnings after the close on Wednesday. With momentum coming out of the stock over the last two days, it offers investors a better entry opportunity even if sentiment has soured a bit.\nI like the way shares are bouncing off the 50-day and 100-day moving averages and are now hovering near the $550 mark. That said, the breakout and rapid unwind ahead of earnings makes the setup more difficult.\nOn the upside, bulls want to see shares reclaim downtrend resistance and the 10-day moving average. That will require a move above $578. However, they will mostly want to see Nvidia stock get back above $590.\nIf it can do that, then $600-plus is in play, as well as new highs. About a year ago, this was the quarter that spurred a big breakout for Nvidia only for it to get hit a few days later amid the Covid-19 selloff.\nIf we get a repeat performance and the stock clears the current high near $615, the 161.8% extension north of $660 could be on the table.\nOn the downside, a break of Tuesday’s low could put range support near $500 in play. Below that and the 200-day moving average is possible, currently near $480.","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
