It’s Nvidia’s moment of truth.
The semiconductor company is set to report earnings Wednesday afternoon. This comes after the stock has rallied more than 100% this year and, as the third-largest weighting in the SMH semiconductor ETF, its next move could impact the entire chipmaker space.
Wannabe Nvidia investors should watch out after its massive run, warns Joule Financial President Quint Tatro.
“Nvidia is the definition of when ‘momo’ meets FOMO,” Tatro told CNBC’s “Trading Nation” on Tuesday, referring to its high-momentum rally and the traders piling into the stock to chase the gains.
Tatro says its fundamentals have become overextended — for example, the stock is trading at 54 times forward earnings and 19 times forward sales. The SMH ETF trades at 22 times forward earnings and six times forward sales.
“Now you don’t try to get cute and short this stock, you’ll get run over, but the reality
HUNTINGTON BEACH, Calif., Aug. 19, 2020 /PRNewswire/ — Many Americans are unaware that their insurance provider can fully cover the cost of a wide variety of cosmetic enhancements and surgical procedures if it improves a person’s health or are part of a reconstructive process. When someone is diagnosed with breast cancer, for example, breast surgery to reconstruct the breast tissue is required by law after a patient has a mastectomy.
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Whether you agree with the idea of reopening schools or not, distance learning will soon be the norm. The old-fashioned educational system of long days, crowded classrooms and antiquated expensive textbooks will become a thing of the past as parents and students adjust to the changing mode of education. Everyone must embrace the fact that this will be a turbulent academic season.
As parents, we must adjust our traditional thinking and adapt to a changing narrative about education and the outlook for career prospects for our children. Honestly, many of the professions and business models that we once wanted for our children may be gone, and many will never return — especially with major brick-and-mortar operations, which are barely holding on during this retail apocalypse.
Related: How Remote Education Is Evolving During the Crisis
With most K-12 schools across the country