BaseLineTraders

BaseLineTraders Updated 

Nvidia is the world's number one after passing $MSFT. -Valuation soars to $3.34 trillion. Nvidia completed a 10-for-1 stock split on June 7. The chipmaker last month posted yet another blockbuster quarter, noting a 262% increase in revenue and a 462% increase in profits year-over-year. I'm not going to write to much here. The market sentiment is clearly...

BaseLineTraders Updated 

If noc holds 433 we will most likely see a break of the current downtrend and a continuation upwards. (Came across the dip yesterday and bought some contracts personally). Took profit at 430. If price breaks 433 we might see 1st target of 445 zone followed by 2nd target around 460. (Did this one in a hurry, will do some more tech to confirm, stay tuned).

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The Magnificent Seven tech stocks are no longer outperforming the rest of the 493 stocks in the S&P500. Shares in Nvidia plunged nearly 10% on the first trading day after the Labour Day weekend holiday wiping nearly 300 billion dollars off the firm’s value in the largest single-day value drop in US stock market history. US stock futures (#DJI , #IXIC, #GSPC)...

BaseLineTraders Updated 

LMT has outperformed the sector so far this year. The stock's year-to-date return is 19.6%. In Lockheed Martin's case, the consensus EPS estimate for the current year increased 2.3% over the past three months. LMT'S broad product offerings allow it to secure major defense contracts, which, in turn, boosts its backlog count. Lockheed remains the largest U.S....

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Eli Lilly (LLY) stock jumped more than 3% to a record high on Tuesday after clinical trial results showed tirzepatide—the active ingredient in Lilly's injectable weight-loss drug Zepbound and diabetes treatment Mounjaro—lowered patients' risk of developing type 2 diabetes by 94%. LLY is climbing back toward its record high of 966.10 reached on July 15. The...

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Palantir's revenue growth has accelerated since the company launched its Artificial Intelligence Platform (AIP) last year. Revenue from private sector U.S. customers grew 55% year over year in the second quarter, but the remaining value on those deals (booked but not yet recognized) more than doubled. The company's U.S. customer count rose to 295, an 83%...

BaseLineTraders Updated 

Here are some of the important levels to keep an eye on. Personally I'm still bearish in Tesla. Will update on Tesla when we are closer to a clear H or L. For now just keep an eye on the current level at 184-185 ish for short term dir.

BaseLineTraders Updated 

New gold breakout! bearish. (*During the time I was publishing this idea the breakout already took place).

BaseLineTraders Updated 

General dynamics saw a strong gain today following the yesterdays analysis. We're currently consolidating around the 292 level. 🚀 #LMT beats Q1 expertations on strong demand. Sees supply chain improvements. Missile and fire control: ^23.3% to nearly 3 billion. Boosted by strong demand for HIMARS and GMLRS Aeronautics: The companys biggest unit rose ^9,2%...

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Update from previous idea: "Nvidia Corp. shares have certainly seen momentum in the weeks since the company’s stock-split announcement on may 22, up 27%. But while investors can derive some real benefits from a stock being split, the biggest reason prices tend to rise in anticipation is the psychological benefit expected from a lower stock price according to a...

BaseLineTraders Updated 

Originally posted on May 30: Small dv in rsi (bb->ma (with tweak)). DM +- pulling to centre and adx at positive level (target zone tested x2 + a db). Possible long from this point. Further confirm: Running further analysis, and checking fundamentals... (This was posted ("not on TW") may 30. for a swing trade in a newly formed range based on a shorter...

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#NVDA update: #Wallstreet back online after holidays with a familiar trend. As major chipmaker stocks significantly outperformed the broader market. Nvda stocks surged over 6% ->1.128, reaching New ATH. ( #ElonMusk xAI plans to build supercomputer fuel by #nvidea chips ) NVIDIA keeps on producing incredible results. We got ourselves another gap up to the...

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CRYPTOCAP:BTC price dropped by 2.12% in the past day, following news of the spot Ethereum ETF approvals. This surprised traders who were optimistic about new all-time highs following the cryptocurrency's strong rally earlier in the week, gaining 9% to $72,000. The sudden decline saw BTC fall from a high of $71,980 on May 21 to an intra-day low of $66,606 on May...

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#Nvidia reported a 262% increase in revenue and a 462% increase in profits YOY ALSO: NVDA announced a 10-for-1 stock split Nvidia’s post-split shares will begin trading at the market open on June 10 Nvidia shares rose as much as 4% in after-hours trading following the report For the Analysis. This was made 2 days prior as a contribution. #Nvda Jumped...

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I'm holding on to my GD (General dynamics) stocks. General Dynamics, Northrop Grumman Set for Gains After Israel Strike on Iran By U.S. defense stocks were largely set for a positive open on Friday following news that Israel aimed attacks at sites in central Iran where there is a drone factory, according to a report from The Wall Street Journal. General...