Nvidia Is Next Week's Top Stock, Market Strategist Says: Why Best Long-Term Idea Is 'Just Buy Nvidia And Put It Away' Nvidia, Benzinga, Jay Woods, Apple Inc, Benzinga Pro, Nvidia Corporation, Magnificent 7 stocks, Microsoft Corporation, Freedom Capital Markets, SPDR Select Technology ETF by https://www.benzinga.com/
AI Insights:
Simple Explanation:
nvidia is a big company that makes computer parts and they are going to tell everyone how much money they made in the last few months. people think they made a lot of money, so the stock (which is like a piece of the company that people can buy) might go up in price. if the stock price goes up, it's good for people who own it, but if it goes down, it's not good for them. so everyone is waiting to see what nvidia says and how the stock will do after that. Read from source...
Critical Perspective:
1) Nvidia's 2Q revenue estimate is $28.46B, up from $13.51B in 2Q last year. 2) Nvidia is expected to report 2Q earnings per share of 64 cents, compared to 27 cents per share in 2Q last year. 3) Magnificent 7 stocks pause, including Nvidia. 4) Woods said Nvidia is the tell to the market changing last August. 5) The stock could move the markets and could be one of the best long-term picks.
### BENZINGA:
Nvidia Is Next Week's Top Stock, Market Strategist Says: Why Best Long-Term Idea Is 'Just Buy Nvidia And Put It Away'. By Chris Katje, Benzinga Staff Writer August 23, 2024 2:59 PM | 3 min read | 2 Comments
An earnings report from NVIDIA Corporation NVDA will be closely watched by investors and could be a market- leading indicator, a market strategist tells Benzinga ahead of the results coming Aug. 28 after market close. Nvidia Earnings on Watch: Analysts expect Nvidia to report second- quarter revenue of $28.46 billion, up from $13.51 billion in last year's second quarter, according to data from Benzinga Pro.
Estimates call for Nvidia to report second- quarter earnings pre share of 64 cents, compared to 27 cents per share in last year's second quarter. Nvidia has beaten revenue estimates in seven straight quarters and nine of the last 10 quarters. The company has also beaten earnings per share estimates in six straight quarters and eight of the last 10 quarters.
Sentiment Analysis:
neutral
The article discusses the upcoming earnings report of Nvidia, and how it could be an indicator of the market's direction. There are positive expectations for the company's performance, but the article remains neutral in tone, emphasizing the importance of the report without showing strong bullish or bearish sentiments.
Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.
Based on the article, `Nvidia Is Next Week's Top Stock, Market Strategist Says: Why Best Long-Term Idea Is 'Just Buy Nvidia And Put It Away'`, the market strategist recommends Nvidia as the best long-term investment opportunity. This recommendation is driven by the company's strong financial performance, with expectations of it beating revenue and earnings per share estimates again in the upcoming second-quarter earnings report. Nvidia's importance to the market cannot be overstated, as it is a significant holding in various indexes and ETFs. While the strategist cautions about the stock's momentum before the earnings report, the long-term outlook remains positive. Therefore, as an investment opportunity, Nvidia is considered to be a safe bet with significant growth potential.