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More Big Tech Moves...

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mtatradeoftheday.com

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Wed, Nov 22, 2023 01:23 PM

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Nvidia crushes estimates but investors curb expectations in lieu of China restrictions. Good morning

Nvidia crushes estimates but investors curb expectations in lieu of China restrictions. [Trade of the Day Wake-Up Watchlist] Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures went higher on Wednesday. Investors are taking in an earnings announcement from tech giant Nvidia (more on that below). Plus, new data on jobless claims and consumer sentiment are also on deck ahead of the Thanksgiving holiday. Every Wednesday, our Head Trading Tactician Bryan Bottarelli makes a new trade that takes advantage of a market trend that happens only once a week. Right now he’s guaranteeing you’ll see a win rate of 80% on [every Wednesday]( pick he makes over the next year. [Click here to unlock his latest trade.]( Here’s a look at the top-moving stocks this morning. NVIDIA Corporation (Nasdaq: NVDA) NVIDIA Corporation is up 1.23% premarket after crushing earnings for the third quarter. The chipmaker reported earnings of $4.02 per share, which were well above the expected $3.36. Revenue is also up 206% from a year ago. The only problem was restrictions on AI chip exports to China, which CFO Colette Kress said could mean sales in the country “will decline significantly in the fourth quarter of fiscal 2024.” As AI stocks continue to show real strength in 2023, it’s important to look at [other companies]( that stand a chance to benefit too. Right now our Lead Fundamental Tactician Karim Rahmetulla is talking about several under-the-radar AI stocks, including a cooling company that makes money every time a smartphone is sold – anywhere in the world. [Click here to unlock these AI companies.]( Deere & Company (NYSE: DE) Deere & Company is down 7.59% premarket after forecasting smaller-than-expected profit next year. The main factor is demand, with slowing equipment sales from farmers starting to weigh on the world’s largest tractor maker. Net income for the fiscal year will be between $7.75 billion and $8.25 billion, Deere said Wednesday. Overall, the company's full-year outlook came in well below the Bloomberg forecast of $9.32 billion. It’s common to think you can’t make money on a trade when a stock is down, but our Lead Trading Tactician Bryan Bottarelli specializes in what he calls [“overnight trading.”]( This strategy could help you make money if a stock is up or down – and in less than 24 hours. [Click here to discover how overnight trading works.]( ["And that's when I told Wall Street to shove it!"]( [Nate Bird]( Millionaire Trader introduces new strategy that completely flips what Wall Street has been preaching for decades. And now he's landing 100% gains within just 8 days in this chaotic market! [See the Hottest New Strategy]( Nordstrom (NYSE: JWN) Nordstrom is down 1.28% premarket after revenue dipped for the third quarter. Fellow retailers Best Buy and Kohl’s have also hinted at a bleak holiday season as still-high inflation continues to affect buying decisions. Urban Outfitters, Inc. (Nasdaq: URBN) Urban Outfitters is down 6.06% premarket after the company reported a sharp drop in comparabale sales at its namesake brand. The company is expecting higher-than-expected inventory and that it will implement more markdowns than anticipated during the holiday season. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [AI's Most Critical, Overlooked Tech]( [Machine learning]( This rapidly growing sector is set to outpace even AI itself. [Click for details before you miss this opportunity.]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2023 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.

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