$NVIDIA Corp(NVDA)$ $Riot Platforms(RIOT)$ $SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$
💡Broader Market Update 28 August💡
🎯🎯🎯 Bitcoin’s Breakdown & NVIDIA’s Tango: A Market on the Edge! 🎯🎯🎯
💡 Market Breakdown💡
Bitcoin’s descent continues, crashing through its channel and leaving traders skeptical. Miners like Riot mirror this downturn, driving toward October lows. Confidence in Bitcoin is faltering as it struggles late in the cycle. I thought Bitcoin might hold, but at this point in the cycle, it’s like trusting a cat to guard the goldfish~risky business! Miners like Riot are in a full-blown race to the October lows, and Bitcoin’s struggle bus isn’t slowing down. We hoped for a bounce, but tonight it’s getting hammered harder than a screenwriter’s coffee mug. Unless it pulls a miraculous rebound, I’m steering clear. Like Bitcoin, semis and MAG software are also catching the weakness bug. Time to watch and wait!
💡 NVIDIA Insight:💡
NVIDIA defied recent struggles with a bounce from today’s lows, but it’s still battling resistance. With the earnings report imminent, the stakes couldn’t be higher. The NASDAQ’s downtrend only adds to the tension. If we see a post-earnings spike, savvy traders might lock in profits, wary of last year’s dip-rally pattern.
💡 Wider Market & Futures Observations:💡
- 🇺🇸 S&P 500 Index: +0.17% 📈
- 🇺🇸 Nasdaq Composite Index: +0.16% 📈
- 🇺🇸 Dow Jones Industrial Average: +0.20% 📈 (closing at 41,240.52)
The S&P flirts with record highs but lacks the force to break through, much like a marathon runner hitting the wall. Futures markets are bracing for turbulence, with traders eyeing NVIDIA’s report as a potential trigger. Sectors like semiconductors, MAG software, and biotech are weakening. The VIX, though lower, hints at brewing volatility if NVIDIA disappoints.
✅ Strategic Takeaway:
September looms large, with NVIDIA holding the key to either a market surge or a steep decline. In this delicate environment, standing by and observing might be the smartest strategy. Timing is everything.
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerPicks @TigerStars @TigerPM @TigerWire @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
NVIDIA Corp (NVDA)
Business and Industry: NVIDIA is a technology company that specializes in designing graphics processing units (GPUs) and systems on a chip (SoCs) for the gaming, professional visualization, data center, and automotive markets. The company's GPUs are widely used in gaming consoles, personal computers, and artificial intelligence applications. The gaming industry and the demand for AI technologies are expected to grow in the future, providing potential opportunities for NVIDIA.
Latest Earnings: NVIDIA reported an EPS of $0.60 for Q1 2025, with a gross profit margin of 78.35% and a net profit margin of 57.14%. The company has a strong return on investment and a positive current ratio, indicating its financial stability.
Earnings Forecast: Analysts forecast an EPS of $2.75 for 2025 and $3.81 for 2026. The forecasted gross income for 2025 is $121.63 billion, and for 2026, it is $168.61 billion. These forecasts suggest potential growth for the company.
Capital Flow: The recent 5-day capital flow data shows negative flows, indicating selling pressure on the stock. However, the 1-day data shows a net inflow of 2.70 billion USD, which may indicate some buying interest.
Trend Analysis: The stock price of NVIDIA is currently at 128.30 USD. The support price is around 111.59 USD, while the resistance price is at 129.59 USD. The average cost is 114.59 USD. The stock has shown some resilience with a bounce from recent lows.
Analyst Viewpoint: 49 analysts forecast a target price for NVIDIA. The mean target estimate is 137.88 USD, with a low estimate of 50.30 USD and a high estimate of 200.00 USD. The overall analyst recommendation for the stock is positive, with 37 buy recommendations out of 49.
Riot Platforms (RIOT)
Business and Industry: Riot Platforms is a company involved in cryptocurrency mining and blockchain technologies. It operates a mining facility in the United States and focuses on mining Bitcoin. The success of the company depends on the performance and adoption of Bitcoin.
Latest Earnings: Riot Platforms reported an EPS of -0.32 for Q2 2024, with a net profit margin of -120.61%. The company's financials show some negative figures, indicating challenges in its operations.
Earnings Forecast: Analysts forecast an EPS of -0.35 for 2025 and -0.51 for 2026. The forecasted gross income for 2025 is $645.46 million, and for 2026, it is $770.90 million. These forecasts suggest potential losses for the company.
Capital Flow: The recent 5-day capital flow data shows negative flows, indicating selling pressure on the stock. The 1-day data shows a net inflow of 14.31 million USD, which may indicate some buying interest.
Trend Analysis: The stock price of Riot Platforms is currently at 7.90 USD. The support price is around 7.87 USD, while the resistance price is at 9.57 USD. The average cost is 10.35 USD. The stock has been struggling and has not shown strong price performance.
Analyst Viewpoint: 11 analysts forecast a target price for Riot Platforms. The mean target estimate is 17.45 USD, with a low estimate of 11.00 USD and a high estimate of 23.00 USD. The overall analyst recommendation for the stock is positive, with 10 buy recommendations out of 11.
SPDR S&P 500 ETF Trust (SPY)
Trend Analysis: The stock price of SPDR S&P 500 ETF Trust is currently at 561.56 USD. The support price is around 522.67 USD, while the resistance price is at 561.57 USD. The average cost is 534.66 USD. The stock has been performing well and is near its resistance level.
S&P 500 (.SPX)
Trend Analysis: The stock price of S&P 500 is currently at 5625.8. The overall trend of the index shows positive performance.
Please note that the above analysis is for reference purposes only and should not be considered as investment advice. The stock market involves inherent risks, and it is important to conduct thorough research and analysis before making investment decisions.
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