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Question: How do AMD and NVDA compare in their recent performance?
Answer: Good morning! While Rachel usually provides great fundamentals analysis, I can give you a rundown. AMD has shown impressive performance with four consecutive quarters of accelerating growth across both revenue and earnings—solid double-digit growth that’s commendable. On the other hand, NVDA is coming off stronger comparative bases, previously enjoying five quarters of triple-digit growth, which sets a high bar. Although their growth has slowed to double digits, it remains robust.
What’s interesting is that NVDA is edging closer to its historical highs, indicating strong market support. AMD, on the other hand, appears to be facing resistance at its declining 200-day moving average, suggesting traders are cautious about chasing it for now.
Switching gears, ALAB is worth noting for its triple-digit growth and unique setup, while Broadcom was the first major player to reach new highs. The overall landscape is dynamic, with strong double-digit growth permeating the sector.
GM from Cape Cod.
GM! Great to see everyone here today.
Scott, good to see you!
Thanks for stepping in for Arnie!
Excited to hear the picks today, Scott!
Absolutely, looking forward to some insightful discussions!
Kudos on last night’s webinar, Ken!
Appreciate it, thanks for joining us!
The IPO buzz around CHYM is interesting!
It might be better to wait a few weeks to gauge whether a solid pattern develops instead of jumping in immediately.
Kenneth, was the webinar recorded?
Yes, you can find the past webinars seamlessly at our video playlist.
Did anyone check out IVES?
Not yet, but it’s on my radar now—thanks for the tip!
Today feels different with a new lineup!
Indeed! Arnie and Rachel are on break today, allowing for some fresh faces and ideas.
Market expectations around the China deal have been underwhelming.
Agreed, the market’s reaction was surprising. The China framework did not significantly differ from earlier proposals, which might explain the muted response.
Seeking advice on moving averages in MarketSurge.
I recommend using Excel to manually plot equity curves against benchmarks like the S&P 500. Just keep in mind that any deposits or withdrawals require adjustments to your calculations.
Thoughts on CRWV?
We’re monitoring its current position, but it’s not quite at an optimal entry point yet.
Had a fantastic time at the Leaderboard webinar!
So glad to hear that!
Any updates on ALAB and GRNY tickers?
Yes, those are the main stocks of focus for today.
Scott, what money market tools do you prefer?
I lean towards Schwab products, particularly SNOXX or SNVXX, for stability.
RBRK seems to need more time after its recent decline.
Absolutely, it’s still not showing a convincing setup after those retracements.
How many distribution days are too many before concern arises?
That’s a critical topic Ken will discuss during his opening remarks.
Checking in on MRCY and GEV.
MRCY looks like it’s experiencing a healthy pullback post-breakout, while GEV is intriguing as it crosses a downward trend line.
CLARIFYING TICKERS FOR LATECOMERS:
Today’s focus is on ALAB and GRNY.
Where’s the Portfolio ATR video mentioned?
You can catch it on our YouTube channel—it’s a valuable resource for understanding portfolio equity curves.
ELF seems like a potential comeback stock?
I prefer stocks that show more substantial progress in their turnaround before getting involved.
Noticing volume activity in stocks like DASH?
It appears to be extended from an entry, so it might be wise to hold if you’re already invested.
Regarding ATR monitoring, Scott?
I don’t utilize ATR in my strategy right now, but it could be beneficial for a lot of traders.
Following up on stocks like SNOW and ZS.
SNOW is forming a tight pattern, and ZS remains a leader in cybersecurity, though it’s extended and could benefit from sideways trading.
Wrapping it up with GOOGL and AXP.
GOOGL is facing stiff competition from other mega-cap techs, while AXP is currently holding its ground.
Feel free to dive deeper into any specific area or if you need more individualized details!
