$Bristol-Myers Squibb(BMY)$ Bristol-Myers BMY shares rise 8.5% at open after better-than-expected quarterly results and strong demand for 'new drugs'.BMY showed Q3 revenue of $12.2 billion, beating the consensus of $11.55 billion, up 9% y/y.Revenue was primarily driven by higher demand for Opdivo, Reblozyl, Camzyos and Opdualag, which grew around 18% as reported, partially offset by Abecma.The company posted adjusted earnings per share of $2.07, compared to $1.75 a year ago, beating the consensus of $1.63.BMY also raised its earnings guidance for this year to $0.60-$0.90 per share from the previously reported $0.40-$0.70.
$Bristol-Myers Squibb(BMY)$ rebounds from multiyear low. Undervalued, however this is not a true LT value creating pharma stock. Huge dividend stopped the bleeding. Needs big growth driver going forward. Acquisitions are necessary. Why not entering the huge obesity market?Image
$Bristol-Myers Squibb(BMY)$ I have been trading all week but didn't have the will to post.I have been working on a lot of new things for trading in the background which I am eager to share once everything is done. But just wanted to update y'all. I traded BMY Have a good weekend超过4 的免费“立即购买”和“购物”GIF 动图和贴纸- Pixabay
$Bristol-Myers Squibb(BMY)$ BMY bought this in June at 41.88. It felt undervalued and left for dead with so many drugs coming online. Really made no sense at the time. This earnings release is not a surprise to me and it made sense. Up we go
$Bristol-Myers Squibb(BMY)$ Did anyone not think this was a buy of a lifetime when it dropped to $39. There are many times Mr. Market throws bargains at us but our job as investors is to take advantage of these bargains. BMY is a solid blue chip company.
$Micron Technology(MU)$ Been following MU and investing in it on and off since 2018.In 2018 MU was earning $2+ a quarter. They topped at 64, then were in the 40s. Then they announced a $2.70 EPS in a quarter (ie, PE of 4). They guided the next quarter for around 2.20. The stock tanked as everyone knew the upcycle was over.2 quarter later EPS was like 0.7 or something.Last CYCLE the peak EPS wasnt as high as 2.70. Last Cycle the trough EPS was MUCH lower than 0.7, it was like -1.90 or something.So all in all, MU's current cycle has a lower EPS at both trough AND peak compared to 2018... yet the stock traded at 140 when it was 64 in 2018.tl;dr its overvalued as fuck and if you are long MU right now, you are now learning what investing in MU is like an
$Micron Technology(MU)$$Advanced Micro Devices(AMD)$ and its EPS at both trough and peak are much lower than the 2018 DRAM cycle when MU peaked at 64 vs peaking at 140 this time.I almost always get burnt shorting so i tend to not do it unless I REAALY have a good reason (i shorted AMD at 226 lol) but MU at 140 was such a clear and obvious short
$Micron Technology(MU)$ followed the Bear Flag on the weekly chart that I mentioned . It played out this morning. I'm guessing MU will probably fill the gap at $96.25 that I mentioned on 6/20/24. There's a 95% chance it will get filled. It's actually best that it get filled since we are so close to it. Better now than for MU to move up and then come down again. Mr Market will not forget about that gap.
$Micron Technology(MU)$ I'm not currently a buyer of semiconductor stocks, but I still have a strong liking for Micron Technology (MU). Over the past couple of months, I've closed my position, capitalizing on the recent market movements. However, I'm keeping a close eye on MU, and if the stock price reaches around $96—which I consider a realistic move within this ongoing downtrend—I would be very interested in re-entering the market.
$Micron Technology(MU)$ trade idea Interesting chart here for a few reasons. There are three key supports: $105/$101/$95We took a hard bounce off of $105 WITH a liquidity grab with clearing out all order blocks at previous double bottom ($105.63)This is a strong entry and we know immediately if it’s not going to hold where stop is, our next two areas for a second chance entry. Entry: $107.50$109/$112.80/$117/$127If we stop out at loss of relative low, we have a liquidity zone down to $101/$95. I will also watch for support pickup there if the entry doesn’t play out Image
$NVIDIA Corp(NVDA)$$Alphabet(GOOG)$The catalyst was bad earnings in a few large companies.Google and Tesla both had bad earnings. Tesla was pretty bad and they got hammered. The numbers in Google werent terrible but in the earnings call, they basically said they believe in AI in the long run, but in the short term, its predominantly a large cost, not a money maker. This resulted in Google getting sold down 7% or so. People then sell NVDA as they are the biggest AI stock. NVDA was already on shaky footing after they seriously tested the 118 support level on Friday, only to catch a bid at the end of the day to close above. Early on NVDA broke 118 support and then slammed down thr
$NVIDIA Corp(NVDA)$Except the infrastructure for AI and massive cloud computing is still under construction. . And the leader in supplying this is NVDA.Yes, it's expensive. Like IBM was in 1962. And IBM had almost TWO DECADES of getting More expensive.Until there's widespread adoption of a competitor's product, there's no reason (other than better growth rates) to sell NVDA. Just trim a little off the sides!
$NVIDIA Corp(NVDA)$The Aug call will be a great barometer for where and how much big tech is spending right now. If they beat consensus yet again, it will likely be a rising tide that lifts a lot of boats.What I appreciate about NVDA is that its real valuation is not obfuscated by brand loyalty like TSLA and to a lesser extent AAPL. The AI hype cycle is winding down: they will move with the fundamentals and projected real spending on AI, not black magic. We're finally getting back to where the financial rubber meets the road with NVDA.Just be aware that YoY changes for NVDA will not be as profound at this upcoming call, given their already spiking financials from 12 months ago. EPS in 2023 tripled between May and Aug rep
$NVIDIA Corp(NVDA)$Man this is such a manipulated stock. Every time we go higher to reclaim our pre-market price we get kicked back down. How did the best stock become the most manipulated stock. It's really hard to reconcile this change from often being green to getting pushed back into the red every day.
$NVIDIA Corp(NVDA)$Big week coming for NVDA next week. We shall see but I believe this Correction for NVDA is now over and big money will move in by close to buy up all the cheap shares and change the tone of the market next week and will be GREEN next week to wrap up a great July and also AI will be the talk of the town again.
$Broadcom(AVGO)$ Bingo someone below caught on the GPT connection. OpenAl announced SearchGPT and a few days ago news broke out that they were in talks with AVGO on a custom Al chip. Google uses TPU's from AVGO for their entire search infrastructure. Same thing might be happening here with OpenAl.
$Broadcom(AVGO)$ Broadcom (AVGO) alerted puts at the open a day in advance and also alerted long-term calls in advance, providing ample time for people to prepare.And always knows what I’m seeing. This approach ensures that traders can actually learn the thought process behind the trade instead of just jumping right into it. As of now, AVGO has seen a 25% gain on puts, and calls are now in the green. Broadcom's performance, with puts gaining significantly and calls turning profitable.
$Broadcom(AVGO)$ the Price to Forward E's looking quite tempting indeed, especially with AVGO. As @Alphanso_AI suggests, it's a solid buy with an 8.0/10 rating, stemming from strong profitability and capable management. To sum it up, AVGO's future seems bright according to Alphanso's assessment.Rocket Launch GIF
$Broadcom(AVGO)$ it's an encouraging sign to see AVGO bouncing back like this. Seems like the tide is turning in our favor. According to @Alphanso_AI, the company holds a promising buy rating with a score of 8.0/10, based on its sound profitability and management. So, great things could be on the horizon!
$Broadcom(AVGO)$$NVIDIA Corp(NVDA)$ AVGO silicon is more power efficient than NVDA. H100 takes 700+ watts of power AVGO 5nm XPU can do 600 watts and AVGO next generation 3nm XPU can do even less than that. The current fear is the sizes of these AI clusters are getting so big and consuming so much power their running out of data center space and power capacity to handle it. They need alternatives to power hungry nvda GPU’s and that’s where AVGO custom silicon is the solution everyone needs. Nvidia is currently facing overheating and excessive power consumption issues when running latest Samsung HBM3 stacks on their latest chip. AVGO doesn’t have none of these issues. Hence why AVGO continues to win their
$NVIDIA Corp(NVDA)$$Alphabet(GOOG)$The catalyst was bad earnings in a few large companies.Google and Tesla both had bad earnings. Tesla was pretty bad and they got hammered. The numbers in Google werent terrible but in the earnings call, they basically said they believe in AI in the long run, but in the short term, its predominantly a large cost, not a money maker. This resulted in Google getting sold down 7% or so. People then sell NVDA as they are the biggest AI stock. NVDA was already on shaky footing after they seriously tested the 118 support level on Friday, only to catch a bid at the end of the day to close above. Early on NVDA broke 118 support and then slammed down thr
$Bristol-Myers Squibb(BMY)$ Bristol-Myers BMY shares rise 8.5% at open after better-than-expected quarterly results and strong demand for 'new drugs'.BMY showed Q3 revenue of $12.2 billion, beating the consensus of $11.55 billion, up 9% y/y.Revenue was primarily driven by higher demand for Opdivo, Reblozyl, Camzyos and Opdualag, which grew around 18% as reported, partially offset by Abecma.The company posted adjusted earnings per share of $2.07, compared to $1.75 a year ago, beating the consensus of $1.63.BMY also raised its earnings guidance for this year to $0.60-$0.90 per share from the previously reported $0.40-$0.70.
$NVIDIA Corp(NVDA)$The Aug call will be a great barometer for where and how much big tech is spending right now. If they beat consensus yet again, it will likely be a rising tide that lifts a lot of boats.What I appreciate about NVDA is that its real valuation is not obfuscated by brand loyalty like TSLA and to a lesser extent AAPL. The AI hype cycle is winding down: they will move with the fundamentals and projected real spending on AI, not black magic. We're finally getting back to where the financial rubber meets the road with NVDA.Just be aware that YoY changes for NVDA will not be as profound at this upcoming call, given their already spiking financials from 12 months ago. EPS in 2023 tripled between May and Aug rep
$Micron Technology(MU)$ Been following MU and investing in it on and off since 2018.In 2018 MU was earning $2+ a quarter. They topped at 64, then were in the 40s. Then they announced a $2.70 EPS in a quarter (ie, PE of 4). They guided the next quarter for around 2.20. The stock tanked as everyone knew the upcycle was over.2 quarter later EPS was like 0.7 or something.Last CYCLE the peak EPS wasnt as high as 2.70. Last Cycle the trough EPS was MUCH lower than 0.7, it was like -1.90 or something.So all in all, MU's current cycle has a lower EPS at both trough AND peak compared to 2018... yet the stock traded at 140 when it was 64 in 2018.tl;dr its overvalued as fuck and if you are long MU right now, you are now learning what investing in MU is like an
$Broadcom(AVGO)$$NVIDIA Corp(NVDA)$ AVGO silicon is more power efficient than NVDA. H100 takes 700+ watts of power AVGO 5nm XPU can do 600 watts and AVGO next generation 3nm XPU can do even less than that. The current fear is the sizes of these AI clusters are getting so big and consuming so much power their running out of data center space and power capacity to handle it. They need alternatives to power hungry nvda GPU’s and that’s where AVGO custom silicon is the solution everyone needs. Nvidia is currently facing overheating and excessive power consumption issues when running latest Samsung HBM3 stacks on their latest chip. AVGO doesn’t have none of these issues. Hence why AVGO continues to win their
$Taiwan Semiconductor Manufacturing(TSM)$Due to the massive R&D and capital requirements required for production at the bleeding edge nodes, TSMC can be assured its barriers to entry continue to grow.The only player to manufacture all high-end chips designed by AAPL, NVDA, AMD, AVGO, QCOM and everyone else is TSM. Even Intel is using TSM for its highest end chips. I think there is not enough appreciation for how difficult manufacturing at the bleeding edge actually is. Manufacturing at scale.The entire global semiconductor industry is going to be over $1 trillion by 2030, growing a 7 to 10% cagr. Most of the growth is going to come at the bleeding edge. TSM is not going to be suffering from excess capacity anytime soo
$Micron Technology(MU)$ trade idea Interesting chart here for a few reasons. There are three key supports: $105/$101/$95We took a hard bounce off of $105 WITH a liquidity grab with clearing out all order blocks at previous double bottom ($105.63)This is a strong entry and we know immediately if it’s not going to hold where stop is, our next two areas for a second chance entry. Entry: $107.50$109/$112.80/$117/$127If we stop out at loss of relative low, we have a liquidity zone down to $101/$95. I will also watch for support pickup there if the entry doesn’t play out Image
$Bristol-Myers Squibb(BMY)$ I have been trading all week but didn't have the will to post.I have been working on a lot of new things for trading in the background which I am eager to share once everything is done. But just wanted to update y'all. I traded BMY Have a good weekend超过4 的免费“立即购买”和“购物”GIF 动图和贴纸- Pixabay
$Micron Technology(MU)$ I'm not currently a buyer of semiconductor stocks, but I still have a strong liking for Micron Technology (MU). Over the past couple of months, I've closed my position, capitalizing on the recent market movements. However, I'm keeping a close eye on MU, and if the stock price reaches around $96—which I consider a realistic move within this ongoing downtrend—I would be very interested in re-entering the market.
$Broadcom(AVGO)$ Broadcom (AVGO) alerted puts at the open a day in advance and also alerted long-term calls in advance, providing ample time for people to prepare.And always knows what I’m seeing. This approach ensures that traders can actually learn the thought process behind the trade instead of just jumping right into it. As of now, AVGO has seen a 25% gain on puts, and calls are now in the green. Broadcom's performance, with puts gaining significantly and calls turning profitable.
$Bristol-Myers Squibb(BMY)$ rebounds from multiyear low. Undervalued, however this is not a true LT value creating pharma stock. Huge dividend stopped the bleeding. Needs big growth driver going forward. Acquisitions are necessary. Why not entering the huge obesity market?Image
$NVIDIA Corp(NVDA)$Except the infrastructure for AI and massive cloud computing is still under construction. . And the leader in supplying this is NVDA.Yes, it's expensive. Like IBM was in 1962. And IBM had almost TWO DECADES of getting More expensive.Until there's widespread adoption of a competitor's product, there's no reason (other than better growth rates) to sell NVDA. Just trim a little off the sides!
$NVIDIA Corp(NVDA)$Google doesn’t use NVDA chipsAlso Anthropic with the number one LLM right now also doesn’t use NVDA chips, they use Google’s.Meta and Microsoft are copying google in that they’re making their own chips to ditch nvidia as well.So even if the AI bubble doesn’t pop, nvidias position is not very solid. (but also lol if bubble pops nvidia is gonna be hurt the most)Rowan Atkinson GIF
$Micron Technology(MU)$ followed the Bear Flag on the weekly chart that I mentioned . It played out this morning. I'm guessing MU will probably fill the gap at $96.25 that I mentioned on 6/20/24. There's a 95% chance it will get filled. It's actually best that it get filled since we are so close to it. Better now than for MU to move up and then come down again. Mr Market will not forget about that gap.
$Bristol-Myers Squibb(BMY)$ BMY bought this in June at 41.88. It felt undervalued and left for dead with so many drugs coming online. Really made no sense at the time. This earnings release is not a surprise to me and it made sense. Up we go
$Micron Technology(MU)$$Advanced Micro Devices(AMD)$ and its EPS at both trough and peak are much lower than the 2018 DRAM cycle when MU peaked at 64 vs peaking at 140 this time.I almost always get burnt shorting so i tend to not do it unless I REAALY have a good reason (i shorted AMD at 226 lol) but MU at 140 was such a clear and obvious short
$Broadcom(AVGO)$ the Price to Forward E's looking quite tempting indeed, especially with AVGO. As @Alphanso_AI suggests, it's a solid buy with an 8.0/10 rating, stemming from strong profitability and capable management. To sum it up, AVGO's future seems bright according to Alphanso's assessment.Rocket Launch GIF
$NVIDIA Corp(NVDA)$Everybody is looking at P/E and SP but no one seems to be looking at 5 year RSI. Every time NVDA has a big sell off the RSI goes down but the slope of the RSI low on every major sell off is going higher. The last big down move drove the RSI to 58 this recent down move has the 5y RSI at 62. That suggests there are more and more diehard long term holders coming in on a selloff. If the pattern holds, and it will IMHO, there's a lot of upside potential.
$NVIDIA Corp(NVDA)$Man this is such a manipulated stock. Every time we go higher to reclaim our pre-market price we get kicked back down. How did the best stock become the most manipulated stock. It's really hard to reconcile this change from often being green to getting pushed back into the red every day.
$NVIDIA Corp(NVDA)$$Alphabet(GOOG)$NVDA operates in a cyclical industry that has historically had a lot of boom and bust periods. Just look at where NVDA's EPS went YoY in the last decade, they've had multiple years of it shooting up or down 30%+.So given it's cyclicality, and sky high valuation, yes you're definitely taking a big risk buying NVDA now in ways that you aren't if you by GOOGL.