Expect 'Sell The News' Reaction To Nvidia Earnings - Nvidia Saves The Stock Market From A Deeper Selloff, Jackson Hole Kicks Off
Portfolio Pulse from The Arora Report
Nvidia reported strong Q2 earnings, with revenues of $13.5B and Q2 data center revenues of $10.32B, up 141% from Q1. The company is guiding revenues of $16B for the current quarter and has authorized an additional $25B in share buyback. The Arora Report has raised its target on Nvidia to $565 - $615. However, investors should be mindful of a potential 'sell the news' reaction. Money flows in Nvidia were extremely positive after the earnings release, but turned negative in the premarket. Other stocks such as Amazon, Meta Platforms, Microsoft, and Tesla also saw positive money flows after hours, while Apple and Alphabet saw negative money flows.
August 24, 2023 | 7:32 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple saw negative money flows in the morning.
The negative money flows in the morning indicate decreased investor interest in Apple, which could potentially drive the stock price lower in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Alphabet saw negative money flows in the morning.
The negative money flows in the morning indicate decreased investor interest in Alphabet, which could potentially drive the stock price lower in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Amazon saw positive money flows after hours.
The positive money flows after hours indicate increased investor interest in Amazon, which could potentially drive the stock price higher in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Meta Platforms saw positive money flows after hours.
The positive money flows after hours indicate increased investor interest in Meta Platforms, which could potentially drive the stock price higher in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Microsoft saw positive money flows after hours.
The positive money flows after hours indicate increased investor interest in Microsoft, which could potentially drive the stock price higher in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Nvidia reported strong Q2 earnings and is guiding higher revenues for the current quarter. However, investors should be mindful of a potential 'sell the news' reaction.
Nvidia's strong earnings report and higher revenue guidance for the current quarter are positive for the stock. However, the potential 'sell the news' reaction could lead to short-term volatility.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Tesla saw positive money flows after hours.
The positive money flows after hours indicate increased investor interest in Tesla, which could potentially drive the stock price higher in the short term.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50