Nvidia reports 88% jump in revenue and tops estimates, driven by demand for AI chips https://www.cnbc.com/2023/08/23/nvidia-nvda-earnings-report-q2-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Nvidia reported second-quarter earnings that beat elevated expectations for earnings
https://tokenist.com/foreign-investors-sold-9-8b-of-chinese-stocks-this-month/
In August 2023, foreign investors set a new record by divesting $9.8 billion in Chinese stocks, driven by escalating concerns over China's crumbling property market. This historic monthly sell-off highlights the crisis's impact on the local stock market, with offloaded stocks t
For real what’s the deal with the market? It feels like nothing makes sense now.
Yes the stock might be overvalued, but the earnings went great and it went up 10% in pre market.
So why now everything crashes like this?
https://www.marketwatch.com/articles/nvidia-tesla-stock-price-value-d7cbbd62
Summary from WOC Street:
Tesla stock was down in midday trading on Thursday, potentially due to Nvidia's blowout earnings.
Nvidia reported sales of $13.5 billion, beating its own guidance, and expects to produce $16 billion in third-quarter sales.
Nvidia stock rose
ENPH had a great quarterly report, has a decent P/E ratio. Makes some great products with growing industry wide demand.
I am long 400 sh at $145 and feeling the hate. I thought that seemed low at the time but Ok, I'll sell covered calls to weather the drop. Today I see a new analyst price target at $31. Really? Another today is for $267. That seems like the analysts don't understand what's going on either.
Suggestions? Stay with the CC
Amid some claims that NVDA is currently overvalued, I think it is undervalued and continue to hold and buy NVDA stock. What do you think?
For one analysis closer to the middle of the analyst price targets (currently ranging from $475 to $1100) see Morgan Stanley's research update today, August 24th, 2023 (by Joseph Moore, Mason Wayne, Shane Brett):
"Last quarter was the first time in semis history that we
I heard a commentor somewhere mention it in passing, but they didn't explain it in detail.
They hypothesized that people would have calls on NVDA which went up a lot in the after hours last night, but that today "they" (market makers/hedge funds/someone?) would push the price down to avoid having to pay out for those calls.
Can someone explain this in more depth?
Also, can someone who actually worked in an institution/hedge fu
https://www.cnn.com/2023/08/23/business/credit-card-debt-macys/index.html
“The speed at which the increase occurred for us and the broader credit card industry…was faster than planned,” Adrian Mitchell, Macy’s chief operating officer and chief financial officer, told analysts during an earnings call on Tuesday, adding that this problem “accelerated” in June and July.
Disney finished the session near $82.50. The lowest recorded price since 2014.
Disney reported a heightened PE last quarter due to a charge taken to reduce streaming contracts and other agreements. Ultimately, this should show better earnings in future quarters as it’s a one time charge.
Disney plus is nearing profitability as it narrowed streaming losses as reported on the last earnings call.
This is the daily discussion, so anything stocks related is fine, but the theme for today is on stock options, but if options aren't your thing then just ignore the theme and/or post your arguments against options here and not in the current post.
Some helpful da