🔥🔥 Today's Big Ideas: Apple, Nvidia, Netflix
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TODAY'S BIG IDEAS
APPLE INC sets up for +7.8% rally in 2 months
NVIDIA CORP sets up for +11.7 rally in 3 months
NETFLIX INC sets up for +8.6% rally in 2 months
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(1) Score 8.6 (out of 10): APPLE INC sets up for +7.8% rally in 2 months
What’s Going On Here?
Once again, we are hearing that APPLE INC is working on a fully self-driving car, apparently ready in 2025. The company appears to be working on an ‘ideal’ interior design with lounge-like seating for passengers, a touch screen infotainment system in the middle and no steering wheel or pedals.
Why Now?
APPLE INC has reached a new medium term high. Previously, during similar occasions, APPLE INC shares had a median return of +7.8%, over the following 2 months – based on 10 historical occasions with 10 of those showing positive returns (100% hit ratio). This buy signal for APPLE INC received a high score of 8.6 (out of 10). This insight was generated on 2021-November-18 with last price of 157.87.
What’s This Company About?
APPLE INC is in the Computers business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 6.2% more (average). Ticker symbol: AAPL US.
What’s My Risk / Reward and Time Horizon?
We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 170.17 (+7.8%) has been reached. Based on APPLE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 150.67 (last price at 157.87), which is equivalent to a -4.6% decline.
(2) Score 7.1 (out of 10): NVIDIA CORP sets up for +11.7 rally in 3 months
What’s Going On Here?
Nvidia is firing on all cylinders. The company issued strong guidance for the 4 th quarter ($7.40bn vs. earlier estimates of $6.86bn) with gross margins at 67%. One month ago, we detected a buy signal for Nvidia with a 100% hit ratio and the stock has continued to rally. Datacenter and gaming growth outpaced expectations and analysts flagged the significant opportunities for Nvidia in the metaverse.
Why Now?
NVIDIA CORP has triggered a new high volatility signal (1 month). During similar occasions, NVIDIA CORP shares had a median return of +11.7%, over the following 3 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for NVIDIA CORP received a high score of 7.1 (out of 10). This insight was generated on 2021-November-17 with last price of 292.61.
What’s This Company About?
NVIDIA CORP is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth -12.5% less (average). Ticker symbol: NVDA US.
What’s My Risk / Reward and Time Horizon?
We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 326.82 (+11.7%) has been reached. Based on NVIDIA CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 264.11 (last price at 292.61), which is equivalent to a -9.7% decline.
(3) Score 8 (out of 10): NETFLIX INC sets up for +8.6% rally in 2 months
What’s Going On Here?
NETFLIX INC has started to reveal viewing figures. Squid Game is the most ever with 1.6bn hours viewed in the first 28 days. The company also announced that they started filming for Lupin Part 3 which has also been a big hit for the streaming company.
Why Now?
NETFLIX INC has triggered a new technical analysis ‘buy the dip’ signal. During similar occasions, NETFLIX INC shares had a median return of +8.6%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for NETFLIX INC received a high score of 8 (out of 10). This insight was generated on 2021-July-21 with last price of 682.02.
What’s This Company About?
NETFLIX INC is in the Internet Content-Entmnt business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth -0.1% less (average). Ticker symbol: NFLX US.
What’s My Risk / Reward and Time Horizon?
We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 740.74 (+8.6%) has been reached. Based on NETFLIX INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 642.62 (last price at 682.02), which is equivalent to a -5.8% decline.
For more investment insights, please visit us at www.LongShortBets.com