The semiconductor company is set to report its earnings on Wednesday.
BMO Capital raising its price target on Nvidia shares from $425 to $565 – which represents 14% potential upside from Monday’s close price. BMO maintained outperform rating on the stock.
BMO expects Nvidia to report adjusted earnings of $1.93 a share on a revenue of around $3.65 billion.
"Given the continued run in shares, expectations are high.However, we expect the company to deliver on earnings and expectations," BMO analyst Ambrish Srivastava said.
According to Tickeron, NVDA's Aroon indicator reaches into Uptrend on August 10, 2020
For traders, this could mean going long on the ticker or exploring call options in the next month.
Walmart Inc. reported second quarter earnings that beat analysts’ estimates, on solid digital sales.
The retail giant’s adjusted earnings for the three months ending July surged +22.8% year-over-year to $1.56 per share, well ahead of the Street consensus expectation of $1.25 per share.
Revenue increased +5.6% year-over-year to $137.7 billion, which is higher than the Street estimate of $135.37 billion.
Walmart’s e-commerce sales performed solidly well amid the covid-19 pandemic, with a +97% growth the year-ago period.
Comparable sales in the U.S. climbed +9.3%.The odds of a continued Downtrend are 43%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 78%.
Penn National Gaming got price target boost from Truist analyst.
Truist analyst Barry Jonas hiked his price target on shares of the casino company to $62 from $50.In 37 of 48 cases where PENN's MACD histogram became positive, the price rose further within the following month.
Kohl’s reported second quarter loss narrower than expected.
The department store chain’s adjusted loss came in at -25 cents a share, compared to analysts’ expectations of -88 cents a share loss (based on FactSet poll).But it was better than the $3.1 billion expected by analysts polled by FactSet.
The company’s online sales surged +58%.
Tickeron's analysis says, KSS enters an Uptrend as Momentum Indicator exceeded the 0 level on August 07, 2020
This indicator signals that KSS's price has momentum to move higher, since its current price moved above its price 14 days ago.
Since the COVID-19 pandemic started we have seen some stores do well and others have floundered.
One item that has been a major factor seems to be whether the company has a strong online presence or not.But I found a direct link between the gains in the stocks and what type of stores the company operates.
Looking at the Tickeron Screener and the scorecard for nine different retailers, we see the one-year returns for the stocks have varied greatly.
We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed.hotels and motels), resorts (e.g.
DraftKings posted a second quarter loss that was wider than anticipated by analysts.The current price now trades in the range of 9.06% of the opening price.
In 17 of 21 cases where FAT's price crossed above its 50-day Moving Average, its price rose further within the subsequent month.The odds of a continued Uptrend are 81%.
Current price $3.53 crossed the resistance line at $3.52 and is trading between $3.63 resistance and $3.52 resistance lines. Throughout the month of 07/13/20 - 08/12/20, the price experienced a +12% Uptrend.
Sales from APJC (Asia-Pacific, Japan and China) was down -7%.
For fiscal first quarter, Cisco provided guidance for adjusted earnings in the range of 69 cents and 71 cents per share, which is below analyst consensus estimates of 75 cents per share.The company expects revenue to decline - 9% to -11% year-over-year, while analysts on average had projected a decline of about -7%.
According to Tickeron, CSCO's Aroon indicator reaches into Uptrend on August 03, 2020
For traders, this could mean going long on the ticker or exploring call options in the next month.
Novavax reported revenue that increased substantially year-over-year, but was lower than analysts' expectations.
The vaccine development company’s revenue of $35.5 million in the latest quarter, compared to $3.4 million in the year-ago quarter.The odds of a continued Downtrend are 79%.
The Stochastic Indicator may be shifting from an Uptrend to a Downtrend.
The electric carmaker's shares climbed following the news.
The stock split would lead to Tesla paying a four share dividend to each stockholder of record on August 21.The payment will come forth on August 28, and shall be reflected in Tesla's share price on August 31.
Analyst Ben Kallo at Baird reaffirmed the neutral rating on Tesla stock while maintaining his price target of $1,658, which is about 21% higher than Tuesday's closing price.
Aluminum is widely used in industries like construction, packaging, and the automotive sector.
Aluminum has seen an increase in demand from the automotive industry because it helps improve fuel efficiency.The U.S. aluminum industry generates nearly $71 billion a year in direct economic impact according to The Aluminum Association.
Looking at the industry performances on Tickeron’s Group Screener, the aluminum industry has moved up 14.65% in the past week and that is the third best performance.
Wells Fargo analyst Zachary Fadem hiked his price target on Home Depot to $300 from $295.Fadem kept an overweight rating on the shares.
Fadem boosted his price target on Lowe's to $180 from $165, while keeping an overweight rating on the shares.The analyst mentioned that he expects Lowe's comps to edge past Home Depot’s for the second straight quarter due to its higher DIY mix, and its focus on key categories and lower exposure to recent coronavirus hotspots.
Morgan Stanley analyst Simeon Gutman increased his price target on Home Depot to $285 from $260.
Shares of Eastman Kodak Co. fell about -40%, after the U.S. government blocked a $765 million loan to the company.
The U.S. International Development Finance Corp (DFC) was planning to make the loan to the technology and pharmaceutical company.The loan was supposed to be going towards making drug ingredients for use in possible COVID-19 vaccines.Democratic lawmakers asked federal regulators to investigate securities transactions made by the company and its executives.
“Recent allegations of wrongdoing raise serious concerns,” U.S. International Development Finance Corp (DFC) tweeted on Friday.
Tickeron's analysis of KODK:
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 3 days.
The split took place as a means to spinoff Match Group and it was a rather complicated split.
If you aren’t familiar with IAC, it is conglomerate of different media and internet companies around the world.Because of the spinoff of Match and the other dating sites, it’s difficult to compare past earnings results with the reports going forward.
For the first quarter IAC reported a loss of $2.49 per share.
This is a part of a 10b5-1 trading plan which allows major shareholders to sell a predetermined number of shares without accusations of insider trading.
This week’s sale follows the $4.1 billion in Amazon shares Bezos sold earlier this year.His fortune increased by nearly $75 billion this year.
According to Tickeron, AMZN enters an Uptrend because Momentum Indicator exceeded the 0 level on August 04, 2020
This indicator signals that AMZN's price has momentum to move higher, since its current price moved above its price 14 days ago.
Revenue grow +42% year over year.
Average revenue per user climbed +18% year-over-year to $24.92.The odds of a continued Uptrend are 90%.
The Aroon Indicator entered an Uptrend today.
Revlon experienced a wider-than-expected loss in the second quarter, amid covid-19 crisis.
The beauty/cosmetics company’s adjusted loss of -$1.56 per share versus the Zacks Consensus Estimate of a loss of -$1.04.Online sales accounted for 7% in the year-ago period.
REV enters an Uptrend because Momentum Indicator exceeded the 0 level on August 05, 2020
This indicator signals that REV's price has momentum to move higher, since its current price moved above its price 14 days ago.
The pharmaceutical company also raised its full-year earnings outlook.
The company's non-GAAP earnings for the three months ending June came in at $1.63 per share, ahead of the Street consensus estimate of $1.48 per share .
Revenues surged +61% to $10.13 billion, beating analysts' forecasts of $9.97 billion.
Looking ahead, Bristol-Myers said it projects its full-year non-GAAP earnings in the range of $6.10 to $6.25 per share, compared to a prior forecast of $6.00 to $6.20.
Square Inc. posted second quarter earnings that beat analysts’ expectations.
The digital payments company’s earnings released one day ahead of schedule on what it called "early external access of the company’s quarterly financials' to the group's financials".
The Jack Dorsey-led company’s gross profit surged +28% year-over-year to $597 million.Its revenues climbed +64% to $1.92 billion, beating estimates.
A substantial part in the results can be attributed to the government’s Paycheck Protection program (PPP) stimulus measure against covid-19 economic impact.