NVDAChart done on hourly candles. Nvidia shares closed near the week’s lows today following a sharp sell-off across all sectors. The semiconductor industry has been one of the leaders on the charts in the last few weeks, with Nvidia enjoying a boost of positive attention from ChatGPT and AI. The rally the stock has been on is starting to show some weakness, and it is overdue for a strong pull back. Nvidia’s price to earnings ratio is currently at 138, which is about 9 times higher than what’s considered a “healthy” price to earnings ratio, and even with the projected revenue from ChatGPT, the stock isn’t worth that much yet.Looking at the short term charts Nvidia closed the day just...
NFLX Chart done on five minute and daily candles. Netflix shares have suffered a slow and steady sell-off the last three weeks after the stock broke below its key 343.50 level. The daily candle is now trading right at the 100 day moving average, a line not seen since October 2022. If buyers can’t maintain the 100 day MA then the shares will likely fall to retest the 305.75 support, a break below has a downside price target of 298.00-300.00. On the bullish side Netflix will need to breakout above 314.30 in order to pivot back into a short term uptrend, price target above that resistance is 319.00-321.00 to start. As of now the stock is leaning bearish but if...
TGT Chart done on 30 minute and daily timeframes. Target reported fourth quarter earnings today and beat expectations on both earnings per share and revenue. Despite the earnings beat, the stock finished only 1% higher for the day, likely because the company’s profits were slimmer due to declining sales growth and rising operating costs. Data showed that more consumer visited Target stores in the fourth quarter, but many spent differently than they usually would. Sales in food and essentials were higher while sales in electronics and apparel declined as consumers manage their way through inflation, Target’s CEO noted that profit margins are typically higher on discretionary items so their declining profits for the quarter can be largely attributed to that. ...
DIS
Analysis done on hourly candles. Disney shares are down more than 8% to a fresh new 2022 low following their Q4 earnings release. The company missed on both revenue and earnings per share projections due to weakness in their media and parks business. Their biggest opportunity, Disney+, saw strong subscriber growth, but the CFO warned of slowing growth in that division for the coming year. To combat slowing user growth, the company will introduced ad tiers in their plans as well as raise prices on their subscriptions. It is clear that the company’s leadership is focusing heavily on their media and Disney+ segments in order to satisfy investors.
AT&T’s stock (T) has gained nearly 24% in October after the company announced its Q3 earnings. The company surpassed expectations in subscriber growth, and beat both EPS and revenue. The surge of users switching from Verizon (VZ) after they raised their prices helped AT&T gain back market share and investors love what they’re seeing. At a price of less than $20, AT&T is a great dividend stock as it offers a quarterly dividend of $.277 and could boost it if their bottom line continues to improve. Their marketing team has recently done advertisements with superstars such as Lebron James, which is a phenomenal move to add credibility to the company. For now AT&T has ran its short term course into...
