$NVIDIA Corp(NVDA)$ ๐๐บ๐ ฑ๏ธ๐๐ ป๐ ป๐ ธ๐๐ ท๐บ๐
๐ข๐ผ๐ The Great Market Balancing Act โ Will NVDA Tip the Scales? ๐๐ผ๐ข
Tฤnฤ koe i tฤnei ahiahi everyone!
Barcodeโs Broader Market Update for the 14th of November New Zealand ๐ณ๐ฟ time.
๐ Market Overview:
Todayโs markets were on a roller-coaster ride! The S&P 500 (SPY) played peek-a-boo, bouncing high and pulling back like itโs trying to stay on an invisible tightrope ๐ข. SPY currently floats just above a crucial support zone, hinting at either a steeper drop or a rebound rally. The Dow and NASDAQ joined the dance with modest gains, seemingly holding their breath ahead of NVIDIAโs earnings next week.
๐ Broader Market Indices:
โข S&P 500 (SPY): ๐ $597.19 (+0.50%) โ holding its breath up high; any slip could mean a quick fall!
โข Dow Jones: ๐ Just enough gain to make investors smile but with a cautious eyebrow raise.
โข NASDAQ: ๐ป Chugging along, but itโs all eyes on tech, especially NVDAโs performance next week.
๐ My Chart Insights:
SPY is set for a pivotal day tomorrow with the PPI report at 8:30 am and Powell speaking at 3 pm. Current levels show $598.00 as the midline, a key support level for calls to hold. If SPY pushes above the bands, it could test between $600.50 and $601.45. On the downside, SPY might dip into the $595.20 to $594.20 range. Notably, the daily and weekly top bands both align at $595.20, forming a robust line of defence that could block further descent. Expect some volatility ahead! My SPY chart hints at a pattern shaping up for a potential breakout or breakdown, with key dates approaching around the 20th.
๐ผ Sector Highlights:
โข Small Caps: Showing some strength but still tiptoeing.
โข Biotech: Experimental and unpredictable โ think of it as the โmad scientistโ of sectors! ๐งช
โข Gold: Shining a bit dimmer today โ waiting for the next glittery rally โจ.
โข Transports: Moving but slowly; if the broader market goes down, this sector might follow suit.
๐ค Fun Fact:
Did you know? The term โSanta Claus Rallyโ was coined in the 1970s, describing a tendency for stocks to rise in the last week of December through the first two trading days of January. Could 2024 bring us another year-end boost? ๐ ๐
๐ฎ Looking Ahead:
Expect some choppiness as we approach NVIDIAโs earnings on the 20th. Historically, November sees solid performance, but early December often brings a dip. If NVDAโs report resembles last yearโs, we may see an initial rally followed by a drop โ classic post-earnings action! Stay vigilant, trade cautiously, and keep an eye on those critical support and resistance zones.
Hey Tiger Traders, whatโs your bet? Will NVIDIA light up the charts or cause a pre-holiday slump?
TigerGPT, what patterns should we keep an eye on for SPY in the short term?
Happy trading ahead. Cheers, BC ๐๐๐
@Tiger_comments @TigerPicks @TigerObserver @TigerStars @TigerPM @Daily_Discussion @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.
Based on the analysis of NVIDIA Corp (NVDA), here are some key points to consider:
Business and IndustryNVIDIA Corp is a leading technology company that specializes in designing and manufacturing graphics processing units (GPUs) and other key technologies. The company operates in the semiconductor industry and is known for its dominance in the gaming and data center markets. With the increasing demand for advanced graphics and artificial intelligence, NVIDIA's business is expected to grow in the future.
Earnings and Future Growth
The latest earnings forecast for NVIDIA Corp shows strong growth expectations. For the fiscal year 2027, the forecasted EPS is $4.88 USD, with a forecasted gross income of $216.72 billion USD and a forecasting EBIT of $141.06 billion USD.
In the fiscal year 2025, the forecasted EPS is $2.85 USD, with a forecasted gross income of $125.96 billion USD and a forecasting EBIT of $82.96 billion USD.
In the fiscal year 2026, the forecasted EPS is $4.13 USD, with a forecasted gross income of $182.35 billion USD and a forecasting EBIT of $120.28 billion USD.
Analyst Recommendations and Target PriceAccording to analysts, there are 21 recommendations for NVIDIA Corp, with 36 buy and 6 hold ratings. The target price forecasted by 49 analysts has a mean estimate of $152.65 USD, with a low estimate of $75.40 USD and a high estimate of $202.79 USD.
Capital Flow and Support/Resistance Price
The recent 5-day capital flow data for NVIDIA Corp shows mixed inflows and outflows, indicating uncertainty in investor sentiment.
The support price as of November 13th is $115.82 USD, while the resistance price is $146.32 USD. These levels represent critical support and resistance zones for the stock.
Recent Earnings ResultsThe earnings data for the fiscal quarter ending in 2025Q2 shows an EPS of $0.68 USD for NVIDIA Corp. The company has demonstrated strong profitability, with a gross profit margin of 75.15% and a net profit margin of 55.26%. Other ratios and indicators indicate healthy financial performance.
Stock PriceAs of November 14th, the stock price of NVIDIA Corp is $146.27 USD.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. It is essential to conduct thorough research and consider various factors before making any investment decisions.
Risk Disclaimer: The information provided here is for reference only and does not constitute investment advice. The inherent risks in the stock market and the normal fluctuations in stock prices should be considered. Investors should think independently and make their own investment decisions.
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