Closing Bell Trading Targets: J.P. Morgan, GameStop, Nvidia
Nvidia (NASDAQ:NVDA) earnings kept the stock hot all day. We saw the natural lunchtime malaise, but the closing bell should be fun.
Will traders have to have Nividia for Monday’s open, or will profit takers prevail?
J.P. Morgan Chase (NYSE:JPM) is feeling a bit of the Goldman Sachs (NYSE:GS) pain. The company is facing a potential $2 billion trading loss will bring a ton of sellers, shorts, and government investigations into the party.
JPM has a super ugly daily chart. The stock is already dipping below the daily low. Watch for huge block selling or short covering.
GameStop’s (NYSE:GME) pre-announced same-store sales were down 12.5% compared to estimates of down 9%.
This stock has been in a down trend for a year a year, and today was a textbook selloff after failing to stay net positive. Trade at your own risk.