-- Nvidia provided negative news on Monday and Micron followed up with more on Tuesday. Here's the trade. -- By Bret Kenwell, TheStreet.com Yesterday it was Nvidia (NVDA) and today it's Micron (MU). Both chipmakers are moving lower on Tuesday following bearish news this week. Shortly before the open on Monday, Nvidia warned that its revenue results in the current quarter were well below expectations. The company said it generated $6.7 billion in sales last quarter. Keep in mind: This was just an update from management, not the company's quarterly results, which are due on Aug. 24. The $6.7 billion in sales misses analysts' expectations of $8.1 billion in sales and are down 19% year over year. Management pegged the miss to its gaming segment. Noteworthy: Cathie Wood was buying the dip. As for Micron, the company said it expected fiscal-fourth-quarter revenue to come in at or below the $6.8… more
Technically it was a win, thanks to the rebound effort that took shape late Friday. But, last week's 0.36% advance from the S&P 500 is a far cry from the prior week's 4.2% pop, calling the rally effort into question. And curiously, last week's highs are in line with an all-too-familiar technical ceiling. Translation: There's still a significant enough risk... more
— PayPal stock is rallying on better-than-expected earnings. Here's what the charts say now. — By Bret Kenwell, TheStreet.com Shares of PayPal (PYPL) are climbing about 10% in Wednesday's session, and for long-term bulls, it's a welcome relief. The cause of much of PayPal's pain over the past few quarters has been earnings. Now it's the bullish catalyst for today's... more
— Amazon stock is rallying on earnings, but could be nearing a key resistance zone. Here's how to trade it now. — By Bret Kenwell, TheStreet.com It's been a long time since we've been able to say this, but shares of Amazon (AMZN) are rocketing higher after earnings. Shares are up more than 11% on Friday after the company delivered... more
Another weak, another win, with the all the right people able to put the right spin on the right headlines. While several companies came up short on the earnings front and others warned of headwinds, traders were led to see the glass as half-full rather than half-empty. It's still too soon to say June's low was the market's ultimate low,... more
By Melanie Schaffer, Benzinga Editor Meta began trading in an uptrend on June 23, which looks set to continue. For the second quarter, analysts estimate Meta will print earnings per share of $2.61 on revenues of $28.97 billion. Meta Platforms is set to print its fiscal second-quarter financial results after the market closes on Wednesday. The stock was trading over... more
— GE stock is rallying for an eighth session. How long can it continue to gain? — By Bret Kenwell, TheStreet.com General Electric (GE) shares are rallying on Tuesday, up about 5.7% and trading near highs. If GE stock closes in the green, it will mark the stock's eighth straight daily gain. In that span, we've seen the stock rally... more
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