If earnings beat forecast, watch this stock explode. There are hints that Nvidia could miss forecasts.
Today is Tuesday, May 25, 2021. Nvidia is expected to report earnings tomorrow, Wednesday, May 26, 2021.
Nvidia announces a four-for-one split late last week and the stock surged 4%, up $25, closed at $624, on the first trading day after the announcement. In pre-market trading, before results known, NVDA is up another 1%; up over $7; and trading at $631.
Split:
- record date: June 21, 2021
- split date: July 19, 2021
- first trade date for new shares: July 20, 2021
As far as their earnings go, what we're looking at is a potential for a huge quarter for Nvidia, as much as 75% revenue growth for the quarter and as much as 83% on adjusted EPS.
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Others
RIDE: investors can't get out of Lordstown fast enough.
In February, 2021 -- just weeks ago -- this stock traded for $31. Yesterday it was a $10 stock. In pre-market trading, RIDE is down almost 15%; down $1.37; trading at $8.30.
OKE: will trend toward a 52-week high.
ET: when I was in middle school, my dad's advice when it came to investing -- "6-6-6." A company whose shares trade for $6; have a dividend of 6%; and, sport a P/E of 6. LOL. Look at ET:
- trades at $10
- a dividend that pays 6%
- a P/E of 8
It would be a challenge to find a "better" example of my dad's "6-6-6" rule. One drawback for some: it's an MLP.
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