Thursday, August 10, 2017

NVIDIA: Look at These Headlines (NVDA)

After trading down $7.37 (-4.28%) during the regular session the stock is off another 6.22% (-$10.24) at $154.50.

The early reactions:
Financial Times
Chipmaker Nvidia's shares fall despite earnings beat

Nvidia shares fall despite earnings beat

Nvidia Beats Estimates, But Shares Tumble

Nvidia: Shares Sink Despite Earnings Beat

Nvidia Stock Falls After Hours Despite Strong Earnings

Nvidia shares plunge in after-hours following second-quarter earnings beat
There was a reason our only NVIDIA post in the run-up to the earnings release was yesterday's:
Earnings: Stocks of Companies That 'Beat' are Getting Beaten (NVDA)
Ahead of NVIDIA's Aug. 10 earnings report something to be aware (beware?) of.
There is an almost universal consensus the chipmaker will beat top and bottom this quarter....
And from the same post, some California women who grew up and formed a band a few miles from the Greek Theater:

I'm going home, more tomorrow.