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Free TheoNight Report - for Wednesday, February 21, 2024 by Brandon Chapman - What to Make of Nvidia's Earnings
Stocks got a little shot in the arm in the last hour of trading on the expectation that Jensen Huang and the Nvidia board would have good news for them. And that's what they got - big beats, particularly in the revenue column, which saw a 265% year-on-year increase.
It's tough to exaggerate how important these earnings are. Barron's called them a "referendum on the future of AI." - as good a way as any to put it. AI (or at least the anticipation of the profit potential in AI), has been a huge bull catalyst over the past year.
It might as well be a referendum on the stock market. NVDA has a market cap north of $1.6 trillion and makes up a huge chunk of the S&P 500 by weight. It's one of the most important (and some have said dangerous) stocks in the sector that leads the market higher - and lower.
Well, the numbers themselves are in, but there's still a lot to talk about. Let's get started…
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Note: Tomorrow morning at 10 AM Eastern, Gianni DiPoce is going LIVE to show the audience how to identify strong stocks the market's overlooking right now. And he'll reveal the repeatable patterns in these stocks anyone can use to put money in their pocket. There are a few spaces left for tomorrow's big event, lock one in for yourself here.
Feb 21 - Brandon Chapman - Asset Pool Drain: What It Is and What to Do About It
It's a completely overlooked force in the market and it can have a huge impact on interest, borrowing, and much more. This is what you need to know…
Feb 21 - Blake Young - Why So Much Is Riding on Nvidia
The tech-centric NASDAQ had another rough day courtesy of the tech stocks that, not long ago, led the markets higher. For instance, Palo Alto Networks' lowered guidance dealt that stock a 27% hit today. But the real make-or-break stock is Nvidia, and the news we got this afternoon. Here's why…
Feb 21 - Free eBook: The Rebel's Guide to Trading Options
No one's born knowing how to trade, of course. That's why we wrote this ebook. It's an accessible, plain English, and fun way to get started in one of the most lucrative parts of the market. Even more seasoned traders will find plenty to use here. It's all yours…
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