Shares of NVIDIA Corporation (NASDAQ: NVDA) surged 9% Friday on a huge spike in volume, putting the stock back in the bulls’ favor and setting up a follow-through buying trade for active investors. On Thursday after the close, the three-dimensional graphics processor manufacturer reported better-than-expected earnings for its fiscal second quarter and upped its guidance. Non-GAAP earnings per diluted share rose 30% year over year to $0.30, above the consensus estimate of $0.20. Revenues increased 13% to $1.1 billion, matching analysts’ estimates. #-ad_banner-#For the current… Read More
Shares of NVIDIA Corporation (NASDAQ: NVDA) surged 9% Friday on a huge spike in volume, putting the stock back in the bulls’ favor and setting up a follow-through buying trade for active investors. On Thursday after the close, the three-dimensional graphics processor manufacturer reported better-than-expected earnings for its fiscal second quarter and upped its guidance. Non-GAAP earnings per diluted share rose 30% year over year to $0.30, above the consensus estimate of $0.20. Revenues increased 13% to $1.1 billion, matching analysts’ estimates. #-ad_banner-#For the current quarter, the company said it expects revenue of $1.2 billion, while analysts were expecting $1.16 billion. All in all, these numbers were nothing to snicker at, and in reaction to the outlook some Wall Street analysts issued positive comments, further fueling the rally. A number of analysts currently consider the stock to be fully valued. But just as a day trader has a different time frame than a growth investor, so too does a swing trader have a different time frame than a fundamental-based value investor. And there is a… Read More