NVDA’s Massive Week: What’s Next for Semis?

There’s a smaller player poised to make waves 🌊

November 24, 2024

*together with Monument Trader’s Alliance

Reminder TOMORROW: Get Pro-Trader Nate Bear’s Featured Ticker of the MONTH (plus BONUS picks) and trade LIVE with him Mondays 12ET.

Good evening, Jeff Bishop here.

I’m riding high after my Cowboys pulled off a rare win this afternoon 🏈.

Is their preseason dream still alive? 

Nope! But it was a fun game.

Is it just me, or did NVDA suck up all the oxygen in the news cycle last week?

The company dropped its quarterly earnings after-hours on Wednesday, and the leadup and fallout dominated headlines.

I guess that’s fair for a $3.5 trillion company.

NVDA beat estimates handily, with earnings per share of $.81 vs. $.74 expected and $35.1 billion in revenue vs. $33.2 billion expected.

The company also said it anticipates revenue of $37.5 billion +/- 2% vs. $37 billion expected.

The stock went all over the place afterward, but ultimately it was up nearly 2% on the week.

To me, the big takeaway is that the semiconductor space is still on fire 🔥.

NVDA’s revenues and net income were both nearly double what they were in the year-ago quarter.

With this sector at the top of everyone’s minds, it’s a great time to take a look at some smaller players who are likely to benefit from the increased attention.

I have my eye on one stock in particular that has ripped 26% higher since Monday’s open…

It’s a company at the forefront of the semiconductor/transistor sector whose patented technology may one day transform the displays on your TV, smartphone, and smartwatch.

This is going to be my “tactical trade” idea of the day tomorrow, and I’ll be posting it on this page at 9am EST.

Be sure to bookmark the page and refresh it at that time!

I hope you’ll also be keeping an eye out for my world-famous Bullseye Pick of the Week.

Did you get my Bullseye pick last Monday?

Calls on XLE.

It would have looked like this in your inbox (right before market open):

This one is cool because it is an ETF - exchange traded fund.  That means it is a BASKET of stocks - in this case energy stocks.

I don’t usually trade Energy but this set up checked all the boxes today!

And like with most Bullseyes… it launched pretty quickly!

*Note: Trading is hard, results not guaranteed and should not be expected to be replicated typically.

I was able to get in the initial little pullback for calls around $1 (and even a little lower the next day too!)

I was up pretty quickly on my position… but decided to let this one try to run a little through the week.  

By Thursday, my options were up over 100%:

*Note: Trading is hard, results not guaranteed and should not be expected to be replicated typically.

Now I know my normal rule is to lock in a 30-50% gain, but I’m experimenting with taking bigger shots right now.

I hope they pan out 😬… I’ll keep you updated.

But whatever YOU do, make sure you have a plan in place with trading and can live with letting a winner get away from you.

I LOVE opportunities like this when they present themselves.

I'm cooking up another great idea for tomorrow… don't miss it!

All I do is scour for the best setup of the WEEK in there!

To Your Success,

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