NVDA looks poised for a monster earnings report at the end of the month - based on META capex, AMD, and TSM reports.
NVDA started the day at $90'ish, maybe you got it for lower than $98?
Nope. Unless it opened below 98 which I don’t think happened
I don't think it's a terrible spot to add a little. I think there's some support in this low to mid 90s area. It held the area you acquired it most of the day, except at the open. Round number-ish area of 100 too. Longer term I still think the company is fine and who knows where the bottom ultimately ends up.
Well there you go then you got NVDA at an area in the low-mid 90s support area. Whether it's the ultimate bottom or not, it's not a terrible spot to step in.
Tom and team held an unscheduled webinar this afternoon. Bottom line, the market is scared, but the fear is based on a recession that isn't going to happen. ISM services reported today and looked really good. The consumer is strong. Earnings are strong. It won't take much for the market to realize the economy is fine and the Feds have massive room for cuts. As such, this will end with a face-ripping rally back to ATHs. Just a matter of when.
+1
I do have two other large Tech growth ETF XLK and VUG which probably has all of the techs
That's a very good question. I literally added to all of these over the past 2 trading days. I think AAPL is going to be the big AI application winner due to their customer base and iPhone ecosystem. But seriously, can't argue with MSFT, NVDA, or AMZN. META hasn't dropped as much and CRM is a play on AI application as well.
look at the charts. It spikes then dips. Its currently at 4 year highs. Is it going to go much higher?
Too late. Can’t find any duration on fixed income. I tried but got boxed out by institutional money.
i think lower then 35ish a good bet. Hoping it is a short termer.
Global conflict is always a concern, but rarely a significant impact on the market.
None of those global concerns are new.
I went with the svix. Also bought some vix puts expiring friday. More confident on the former.
Agreed. Regarding Kamala, Tom Lee and team said the market doesn't like uncertainty. It doesn't know if she will be like Biden or better/worse for the markets and the election looks like a coin toss. She may be perfectly fine, but Kamala needs to make a few speeches to clarify.
Bought a small amount of SVIX just to kick the tires and see how it performs.
He reads it all no response because there is no explanation or defense it’s all BS.
I was a big Lee fan but his prediction of 50% gains in small caps looks like a total bust. He did not mention small caps on his last interview. He got one prediction correct in 2023 but has been wrong on small caps BIG TIME this year.
I don’t understand how such a massive rotation can occur when all you need to do is pull the holdings of major funds and you see over and over again Apple, MSFT, Alphabet, etc. Large Caps and Big Tech are held by everyone.
I’ve been buying CMG and also started a position in SweetGreen. It seems like home-cooking may be dying a slow death as the younger generations aren’t interested in spending time cooking and it’s not like it saves you money thanks to inflation. Then you have these new pop-ups like Wonder (Marc Lore’s new thing) pumping meals out of stores like Walmart and you have to “wonder” if home-cooking and fine dining will ever make a come back.
