Note the wording...business as usual....beat on a lowered estimate and share price takes off.
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Here come Nvidia earnings...Nvidia, the semiconductor manufacturer, was scheduled to report earnings results after the bell on Thursday.
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Nvidia earnings: One more shoe to drop for beleaguered chip makerNvidia Corp. has one more shoe to drop, namely its view of 2019, following a quarter where the chip maker cut its outlook twice, and analysts have been busy lowering their expectations leading up to earnings.
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Traders expect Nvidia to see a huge move on earningsSemiconductors are surging this year. The SMH ETF is up 17 percent in 2019, with a number of names in the group soaring double digits. Nvidia reports earnings Thursday, and the options market is still expecting a big move for the chip stock. Bearish signal then If positive trade was yesterday. Nvda would be better ER tonight so is the $SPY
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Nvidia set to report earnings after the bellNvidia's revenue is expected to fall considerably after the company said it was having inventory issues. Option traders are moving this one. Implied move +/-7%, so it was in line and it jumps over 8% on bad numbers, “better than feared.” Trading 2x as high as peers and lost 29% of business in 1 year. Option traders are a virus. Short the stock at opening bell.
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Nvidia Earnings: What to WatchNvidia is set to report earnings a little more than two weeks after the chip maker slashed its revenue forecast, citing slowdowns on multiple business fronts.
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Pot, soda and videogame earnings are on Wall Street’s to-do listEarnings Watch: Aurora Cannabis and Canopy Growth to show off legal-pot earnings; Pepsi and Coke square off; Nvidia and Activision follow rough week for videogame publishers
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