Good Morning traders-
01.29.24
SMCI 0.00%↑ up 180 points. 180 points! So let's do the math. They're supposed to make 550, that's $22. If they make $6 for the next quarter and they guide up to $6, that's $24. So let's round it to $25 times it by 20 earnings, and you get 500. If they guide to $7, then you're at $28. 7 times 4 is 28. Four quarters, $28 times 20 is 560. So then it has upside, okay? But they're going to guide, and if they guide and they say $7, that means the amount of chips AMD 0.00%↑ and NVDA 0.00%↑ are selling them goes up, and Nvidia will probably go to 700.
And then we see. And then we see.
Levels were shared in the newsletter as well as our daily chat below. Join us in the free subscriber chat and trade with us!
SPX 4909 can't seem to get there. 4952 underneath, 4851.
Listen to this episode with a 7-day free trial
Subscribe to FinX Newsletter/Trading Room to listen to this post and get 7 days of free access to the full post archives.
