Trading Strategies For Marvell Stock Post Q1 Print, A Top Holding In Spear Alpha ETF (SPRX)
Portfolio Pulse from Melanie Schaffer
Marvell Technology (MRVL) is set to release its first-quarter earnings, with analysts estimating earnings of 25 cents per share on revenues of $1.18 billion. The stock has shown a bullish trend, forming a bull flag pattern. The Spear Alpha ETF (SPRX), which holds Marvell, NVIDIA (NVDA), AMD, and Zscaler (ZS), offers a diversified investment option.
May 30, 2024 | 5:41 pm
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POSITIVE IMPACT
AMD is a significant holding in the Spear Alpha ETF, weighted at 9.14%. The ETF targets long-term capital growth and is up about 60% over the last twelve months.
AMD's performance as a significant holding in the ETF contributes to the overall positive outlook for the fund.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Marvell Technology is set to release its Q1 earnings, with analysts expecting 25 cents per share on $1.18 billion in revenue. The stock has shown a bullish trend, forming a bull flag pattern.
The stock has shown a bullish trend and is forming a bull flag pattern, indicating potential for a positive reaction to the earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
NVIDIA is a top holding in the Spear Alpha ETF, weighted at 11.59%. The ETF targets long-term capital growth and is up about 60% over the last twelve months.
NVIDIA's performance as a top holding in the ETF contributes to the overall positive outlook for the fund.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The Spear Alpha ETF, which holds Marvell, NVIDIA, AMD, and Zscaler, offers a diversified investment option. The ETF targets long-term capital growth and is up about 60% over the last twelve months.
The ETF provides diversified exposure to several high-performing tech stocks, including Marvell, which is showing a bullish trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Zscaler is a notable holding in the Spear Alpha ETF, weighted at 8.53%. The ETF targets long-term capital growth and is up about 60% over the last twelve months.
Zscaler's performance as a notable holding in the ETF contributes to the overall positive outlook for the fund.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50