Financial News vs. Noise

Not much going on yesterday, nor do I expect much today, ahead of NVDA earnings tonight. We also have Initial Jobless Claims on Thursday and PCE on Friday, so could get interesting to end off the week.

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Think Twice Before Betting Against the Nasdaq and Big Tech-Barron's

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Earnings are a binary event, anything could happen with NVDA tonight. But, even if they disappoint and it drops, you are going to need a game changer, the opposite of May of last year, for it not to be a buy the dip.

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This ‘Cool’ Stock Is More Than Just an AI Play. It’s Time to Buy.-Barron's

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VRT is one of the few stocks I own long term and that I trade. At the moment I am long in my trading account and I do like this chart here. Bumping up against the 50 day so would want to see it break through.

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We all know, pending earnings, that NVDA is the 800 point gorilla when it comes to AI. If AI is going to be a thing, like the internet was, then there will be a slew of next order companies that are going to benefit, and those will be where the next big money is going to be made. I think VRT is on that list.

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As an issuer of single stock ETFs we always try to predict what names could be the next NVDA or TSLA. Super Micro is a name we have filed for just in case, it got hit with a short report from Hindenburg yesterday.

Super Micro’s stock slides after short seller Hindenburg alleges accounting red flags in new report-MarketWatch

I was actually lucky enough to be short yesterday, but because of the high stock price I had a put spread so my upside was limited. Looks like there could be further downside here. Would be curious to see how it does around $500 and that $478.56 low.

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