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Afternoon Note

All Eyes on Nvidia

By Charles Payne, CEO & Principal Analyst
11/20/2024 1:11 PM

All quiet on all fronts as we wait for Nvidia (NVDA) results (more below). Midcap quality is catching a bid as investors seek more comfort and value. 

After the close Nvidia (NVDA) will release its numbers. The stock is in a great uptrend, but the rate of change and money flows are unconvincing. 

Then there's what happened last time when the company posted what I thought was a solid release, only to have the share price collapse.

The good news was the stock came back quickly.

This is an early story with huge long-term potential; however, it’s so crowded that emotions can move the needle day to day. 


 

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