And after our own Forex Loonie, one of the loonies of the stock market family…
Robinhood On Pace For Highest Close Since November 2021
Robinhood Markets’ stock is on pace for its highest close in nearly three years as investors cheer the platform’s launch of contracts that let users bet on the outcome of the presidential election.
Shares jumped 4.3% to a high of $28.23 on Monday. If the gain holds, it would be the highest close for Robinhood shares since Nov. 26, 2021
Alphabet Stock Rises on Earnings Beat
Alphabet reported third-quarter earnings and revenue that beat Wall Street estimates. The stock was moving higher in late trading on the news.
The Google parent posted earnings of $2.12 a share for the period ending Sept. 30. That was higher than Wall Street’s consensus estimate of $1.84 a share. In the same period last year, the company reported earnings of $1.55 a share.
Revenue for the quarter of $88.27 billion beat analyst estimates of $86.39 billion. Last year, Alphabet reported revenue of $76.69 billion.
Shares of Alphabet were up nearly 5% in after hours trading on Tuesday.
A very interesting situation for a technical analysis buff like me – it has broken above every resistance there is and if succeeds in holding above 755.00 and subsequently above 740.00 , what can I say – Sky is the limit.
I can relate to the strength of this one , as who can imagine the life today without it 😀
One of my first mentors told me long ago : kiddo, first you have to learn that you buy stocks of the products you personally use – period.
What to Expect From NVIDIA’s Next Quarterly Earnings Report
With a market cap of $3.5 trillion, NVDA develops a platform for scientific computing, AI, data science, autonomous vehicles, robotics, metaverse, and 3D internet applications, as well as focuses on PC graphics by serving clients worldwide. The chip giant is expected to announce its fiscal third-quarter earnings for 2025 after the market closes on Wednesday, Nov. 20.
Ahead of the event, analysts expect NVDA to report a profit of $0.69 per share on a diluted basis, up 81.6% from $0.38 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
For the full year, analysts expect NVDA to report EPS of $2.65, up 124.6% from $1.18 in fiscal 2024. Its EPS is expected to rise 33.2% year over year to $3.53 in fiscal 2026.
AMD falls after downbeat Q4 revenue forecast
* Shares of Advanced Micro Devices AMD fall 6.6% to $155.3 in extended trading
* AMD expects Q4 revenue to be about $7.5 bln, plus or minus $300 mln, vs estimates compiled by LSEG of $7.54 bln
* AMD reports Q3 revenue of $6.82 bln, compared with analysts’ average estimate of $6.71 bln
* Stock has risen 12.8% YTD
AMD Gets an AI Boost, But Outlook Disappoints Investors
AMD shares fell about 6% in after-hours trading following a report that included a record $6.8 billion of revenue for the third quarter and a projection of roughly $7.5 billion for the current quarter. Analysts have projected sales in the current period of just above $7.5 billion.
Tesla Stock Is Rising. Growth May Come From ‘Multiple New Models.’
Tesla shares dropped on Monday for the first time since earnings were reported this past week. Tesla stock was also down slightly in early trading on Tuesday as investors continued to mull over what Elon Musk’s growth comments mean for shares.
Tesla, Inc. (TSLA) Is a Trending Stock:
Facts you should know before betting on it:
The average analyst price target for Tesla stock is about $228, according to FactSet, up about $12 since earnings were reported. Tuesday, Barclays analyst Dan Levy raised his target price to $235 from $220. He rates shares at Hold.
The post-earnings gains left Tesla stock up about 6% year to date.
Now that it entered the .5507-55 target zone (low .5545) use 5550 as the bias indicator that will dictate whether it makes a run at 5500-10 or takes a pause.
Food for thought. Yen futures are bouncing off of July 30th lows. Bank of Japan decision is tomorrow night in the Asian session. Following an historic power change in Japan just days ago. MOF officials will start getting vocal, and perhaps a bit more, if/when Yen futures hit 6500.
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