|Bid||105.38 x 2200|
|Ask||105.49 x 1300|
|Day's Range||105.00 - 105.88|
|52 Week Range||68.76 - 141.60|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||28.76|
|Earnings Date||Oct 23, 2019|
|Forward Dividend & Yield||1.48 (1.41%)|
|1y Target Est||129.23|
Chipmaker Nvidia is at the forefront of AI and machine learning, but earnings and share prices have dived. Here is what fundamental and technical analysis say about buying Nvidia stock now.
Continued high chip inventories pose a challenge for the semiconductor industry as it attempts to climb out of its current down cycle. Memory and analog chipmakers have the most inventory.
Wednesday's gain may not have been enough to carry the S&P 500 index all the way back above its pivotal 50-day moving average line, but the 1.08% rally was enough to get stocks to within striking distance of that feat.Source: Shutterstock General Electric (NYSE:GE) did much of the heavy lifting, gaining more than 5% after Citigroup suggested its turnaround effort "could be more significant" than the market presently appreciates. Meanwhile, Roku (NASDAQ:ROKU) may have made less of an overall impact, but still logged a bigger gain by rallying nearly 8% after D.A. Davidson analyst Tom Forte upped his target to $185 -- the highest on Wall Street.Despite the rising tide, however, not every name was a winner. American Eagle Outfitters (NYSE:AEO) tumbled more than 11% after reporting same-store sales growth of 2%, versus the 6% analysts were modeling.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Best Tech Stocks to Buy Right Now As for names worth a closer look as we move into the home stretch of the short trading week, however, take a look at stock charts of Iqvia Holdings (NYSE:IQV), Xilinx (NASDAQ:XLNX) and Norfolk Southern (NYSE:NSC). Here's why, and what may come next. Norfolk Southern (NSC)The past few weeks have been tough ones for railroad stocks. Norfolk Southern has been no exception.Since the middle of last month, things have seemingly changed. NSC stock appears to have found support -- or perhaps made support -- before matters got too far out of hand. While there's reason for optimism, there's also reason for concern. One more slip-up from here could crack a couple of different key floors and send Norfolk shares off the rails. * Click to EnlargeOne of those floors is $168.37, plotted in white on the daily chart. Shares have been unable and unwilling to move below that market since the middle of last month. * Zooming out to the weekly chart of NSC stock, it's clear there's another support line at work. The line that connects most, even if not all, the major lows since 2016 is once again being tested. * Should the two floors snap and let the bears continue on, there's not much historical precedent for the next-best landing spot. The most-likely level is December's bottom around $140. Iqvia Holdings (IQV)It's been anything but a straight-line effort, but Iqvia Holdings has been a surprisingly rewarding name over the past several years. Buying on the dip has been a savvy strategy' It still is.To that end, though some could and would argue that the lull witnessed since late June technically qualifies as a dip since it was stopped at an established technical floor, that may not be the case at all. One stumble could easily break that support level and send IQV stock to a better-established support level. And, the subtle clues suggest that's the more-likely outcome here. * Click to EnlargeThe make-or-break level on the daily chart is $150.63, marked in white in the graph. * On the weekly chart, however, the floor of interest is different. The line that connects the key lows since late December, marked in yellow, is being tested. * Should either or both floor fail to keep Iqvia propped up, the next most=likely support level is near $120. That's where the lower boundary of a trading range established in 2016 and 2017 lies, marked as a dashed blue line. * It's been relatively uneven, but it's difficult to say the daily chart's volume bars aren't more bearish than bullish. That is to say, the red lines are taller and more frequent than the green volume bars. Xilinx (XLNX)Finally, with just a quick glance, it seems Xilinx shares have sidestepped trouble. Finding the same floor they found in May, the pullback that started in late July has been halted as of last week. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off A closer look at the chart of XLNX stock, however, reveals shares may not be as risk-free as first thought. The stock is finding resistance at a place it can't afford to face resistance, and that could buy the bears just enough time to shore up their defensive line and force Xilinx to lose ground. One small stumble could get very big, very fast. * Click to EnlargeThe support in question is right around $97.40, plotted as a yellow line on both stock charts. Notice that's also the upper boundary of the gap left behind in January, begging to be closed now. * Not only would a move to fill in that gap possibly start a self-fueling selloff, it could lead the purple 50-day moving average line all the way below the green 200-day line. That's a sell signal in and of itself. * The last bastion of hope in the event of should the support at $97.40 snap is the 61.8% Fibonacci line around $92.64.As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 3 Big Stock Charts for Thursday: Xilinx, Norfolk Southern and Iqvia Holdings appeared first on InvestorPlace.
Finding top semiconductor stocks to buy involves understanding the health of markets that purchase chips for their products. Chip stocks have risen on hopes for a late 2019 market recovery.
Apple is opening up to the idea of third-party repairs, the trade war headwind looms larger, its product launch event is scheduled for Sep 10 and it apologizes for privacy missteps.
CEO of Xilinx Inc (30-Year Financial, Insider Trades) Victor Peng (insider trades) sold 6,489 shares of XLNX on 08/28/2019 at an average price of $100 a share. Continue reading...
On CNBC's "Mad Money Lightning Round," Jim Cramer said Cyberark Software Ltd (NASDAQ: CYBR ) might be one of the great buys. Cramer wouldn't buy more Novocure Ltd (NASDAQ: NVCR ). He would take ...
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Intel's (INTC) first AI-chip to facilitate companies having higher workloads with accelerated inference. Notably, Facebook is already utilizing the chip.
Nvidia (NASDAQ:NVDA) stock was a Wall Street darling not too long ago. But lately it has lost its shine and now cannot hold a rally long enough to flip this massive down slide that started last year. Year-to-date, Nvidia stock still lags the chip champ Advanced Micro Devices (NASDAQ:AMD) by more than half.Source: Shutterstock On its way up to $290 per share, NVDA rode the Bitcoin craze up fast. But as the Bitcoin mining headlines faded, the Nvidia stock price fell off a cliff. Ironically, at the highs of almost $300 per share the consensus among experts was that NVDA was a must-buy. Now that it's a lot cheaper with almost all the same fundamentals that supported the rally, it's hard to find any fans of it on Wall Street.Fundamentally speaking NVDA stock is not cheap at 45 price-to-earnings ratio. But owning it at these levels for the long term is not likely to be a giant debacle. This is especially true for patient investors. The company is well set to capitalize on several segments for the next decade of tech.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Marijuana Stocks to Buy Now Shorter-term, it is important to pay attention to what the clues in the Nvidia stock chart suggest. There are definite levels that stand out from the latest price action. What You Should Expect From NVDA NowTraders reacted positively to the earnings report this week. NVDA spiked 15% and is now trying to hold the rally in order to extend it. It is important for it to hold higher-lows and break out from $180 per share. If the bulls are able to do this, Nvidia stock should trigger a bullish cup-and-handle breakout to target $200 per share or higher.This won't be easy and there will be resistance, first at the neckline, then at $194 per share. These two levels have been significant prior failure zones. So the onus is on the NVDA stock bulls to prove that they can hold the trend of higher-lows in order to attack the neckline that has so far proven so elusive.For that to happen, Nvidia will need the help of the general markets. This week is another potentially pivotal week for stocks, as today we get the Federal Reserve minutes from their last meeting. And on Friday we hear from the Chairman himself. Recently Fed head Jerome Powell's effect on the markets has been very violent. So coming into the event on Friday the NVDA trade is somewhat binary. Short term, it has more gambling than investing in it.The fear index -- the CBOE Volatility Index (INDEXCBOE:VIX) -- is still elevated but nowhere near critical levels. Only days ago it was pushing $25 per share and now it's below $20. So there is no obvious ramp up in fear, even as equities hang this close to all-time highs in the S&P 500 for example. * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio In other words, this market is indeed climbing the wall of worry. And with a little bit of luck, the rally continues so that Nvidia stock can actually breakout of this funk and recover some old glory.Depending on the portfolio, it is okay to hold or buy NVDA here in anticipation of the breakout as long as investors place proper stops below.Alternatively, instead of buying upside hope, we can sell downside risk into the Nvidia stock price. For example, you can sell the Dec $130 put and collect $2 per contract to open. This way you don't even need a rally to profit as long as Nvidia stock stays above that level, you are a 100% winner. The breakeven from that trade would be at $128 per share. Below it, you would own the shares and accrue losses.Regardless of what you decide to do, you should do it in tranches. This leaves room for adjusting the risk if and when it's needed.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Nvidia Stock Finally Has What It Takes to Break Out of $200 Again appeared first on InvestorPlace.
New Virtex UltraScale+ Device Enables the Creation of Tomorrow's Most Complex Technologies SAN JOSE, Calif. , Aug. 21, 2019 /PRNewswire/ -- Xilinx, Inc. (NASDAQ: XLNX), the leader in adaptive and intelligent ...
Most big semiconductor stocks jumped after U.S. Commerce Secretary Wilbur Ross said he'll grant a 90-day reprieve allowing Huawei to continue buying components from U.S. firms.
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As US semiconductor companies firms adjust their supply chains to avoid tariffs, they are coming to terms with the trade restrictions on Huawei.