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☆ What the charts say about Nvidia before earnings
▼ + stars: | 2024-11-19 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Since early last year Nvidia (NVDA) has become the Super Bowl of earnings and like the actual big game, it comes right at the end of the season. Fundamental outlook The analyst community is looking for Nvidia to report 75 cents in EPS on $33.13 billion in revenue, according to FactSet. Nvidia charts The prior quarter's growth rates are coming down from astronomical levels of multiple hundreds of percentage points. As a result Nvidia sold off on Aug 28 from around the $130 level all the way down to $101.50. Hedge on Nvidia, just in case We're looking at buying a Nov 22nd expiration $140 / $130 put debit spread, currently trading at $2.88.

Persons: Blackwell, NVDA, Elliott, Todd Gordon, Gordon Organizations: Nvidia, Blackwell, Philadelphia Semiconductor, Inside Edge Capital Management, NVDA, Inside Edge, CNBC, NBC UNIVERSAL Locations: NVDA

☆ Small-cap stocks set to roar even higher, according to the charts
▼ + stars: | 2024-11-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

The small cap Russell 2000 index contains domestic companies that should benefit in a protectionist, on-shoring environment as long as inflation and rates stay contained. The monthly chart of the Russell 2000 shows a pending breakout from all-time highs of 2,459. Put in simpler terms the Russell 2000 small cap index has underperformed the large cap S & P 500 index for the past 13 years. The small cap Industrial ETF just broke from a consolidation around $135 and is still in the earlier stages of the expansion. The forward valuation is 28 times 2025 earnings so not egregious for this high growth small cap industrial name.

Persons: Russell, Elliott, Todd Gordon, Gordon, POWL Organizations: Utilities, MGE Energy, Powell Industries, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Why Russia's brain drain is the biggest problem facing its economy
▼ + stars: | 2024-11-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Russia's brain drain has become its economy's biggest problem, an economist told Business Insider. The long-lasting nature of brain drain makes the issue more serious than, say, inflation, which could be remedied by central bank maneuvering. Over the next decade, Russia's economy could devolve into one dependent mainly on its natural resources rather than on the most innovative industries, Portes speculated. That's similar to what other economic forecasters have predicted, with some warning Russia's economy could become de-industrialized as its resources are siphoned off by the war. Advertisement"It will be reduced to a resource economy, a natural resource economy," he said of Russia's future.

Persons: —, Richard Portes, they've, Portes Organizations: Service, London Business School, Russia, French Institute of International Relations, Business, Institute of Economics, Russian Academy of Sciences, Labor, Russian, UC Berkeley Locations: Russia, Ukraine

☆ What the charts are saying about the S&P 500 and Nvidia heading into the election
▼ + stars: | 2024-10-29 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

There is uncertainty abound about the future direction of the stock market heading into what many say is the most important presidential election of our lifetimes. In the elevated volatility levels that began in late September heading into the election. The Cboe Volatility Index (VIX in black) trades with an inverse relationship to the S & P 500. As the S & P 500 goes lower, people become fearful as they buy put option protection pushing the general level of option prices (both puts and calls) higher. This creates the inverse relationship of VIX and S & P 500.

Persons: NVDA, we'll, we're, Todd Gordon, Gordon, Schwab Organizations: Nvidia, Google, Inside Edge, CNBC, NBC UNIVERSAL Locations: NVDA

☆ Spotify is ready to follow Netflix and be the next breakout streaming stock, according to the charts
▼ + stars: | 2024-10-22 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

The stock is consolidating just below all-time highs and if Netflix's move after earnings is any indication, I think SPOT should punch through to new all-time highs. We're currently trading at $386, just below the all-time highs of $387 set back in 2021. The earnings trajectory for this company has been insane: 2022 EPS ($3.09) 2023 EPS ($2.95) 2024 EPS +$6.37 2025 EPS +$9.06 (est.) Netflix beat expectations and broke to new all-time highs led by new subs, 50% of which are coming from an ad tier. Meta is also in the communication sector sitting close to new all-time highs like NFLX, so the trend for this group remains firmly higher.

Persons: Todd Gordon, Gordon Organizations: Spotify, Apple, Sirius XM, Tactical Alpha, Netflix, Meta, Facebook, Inside Edge, CNBC, NBC UNIVERSAL

☆ There's more upside ahead for this AI derivative play, according to the charts
▼ + stars: | 2024-10-15 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

The AI trade is powering ahead as the markets are seeing a rotation back into the semiconductor, hardware and software companies that are driving the revolution. One industrial company on my radar — that I don't yet have a position in — is Vertiv (VRT) . The company provides liquid cooling systems for data centers powering AI. I know it's a wide zone, but consider the percentage gain this stock has experienced in the past 2 years. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Todd Gordon, Gordon Organizations: Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: —

☆ People overestimate technological change in the short term, says VC
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople overestimate technological change in the short term, says VCMitchell Green, founder of Lead Edge Capital, joins Squawk Box Europe to discuss how software companies will be changed by AI.

Persons: Mitchell Green Organizations: Lead Edge

☆ Chip stocks look poised to make another run, especially Broadcom, according to the charts
▼ + stars: | 2024-10-08 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

The charts indicate it may be time to look at chip stocks once again. However, the major semi names like Nvidia (NVDA) , Broadcom (AVGO) and AMD (AMD) have not actually fallen significantly in this rotation. Before we get into the specifics of Broadcom, let's take a look at the rotation out of semis starting in early August. Broadcom's chart Broadcom is a key holding in both my dividend and growth portfolios at Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: swoon, we're, I've, you've, Todd Gordon, Gordon, AVGO Organizations: Semiconductor, Nvidia, Broadcom, AMD, CNBC Pro, let's, I've, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Where the charts indicate gold is headed next as it rallies on escalating geopolitical tensions
▼ + stars: | 2024-10-01 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Before we get started, it's important to point out that I believe that broader equity markets remain in a secular bull market with global central banks' easing monetary policy amid a backdrop of a boom in artificial intelligence that carries equity markets significantly higher in coming quarters. But the key in my opinion was that real interest rates were going higher. The way I'm defining 'real interest rates' is the prevailing nominal yield on a bond, the 10-year Treasury in this example, adjusted by the expected 10-year inflation level. Put simply, real interest rates are how much you actually earn on a fixed income investment after adjusting for inflation. So my outlook is that gold will continue to rally alongside equity markets.

Persons: let's, Todd Gordon, Gordon, HMY Organizations: Harmony, Equity, Treasury, Stock, Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: South

☆ A china stock poised for a breakout amid this stimulus rally, according to the charts
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: +4 min

The Chinese central bank unrolled the most significant stimulus program since the COVID-19 pandemic and Chinese equities are starting to show signs that the long history of underperformance relative to western equities could possibly be on borrowed time. The name that has already demonstrated leadership that we want to focus on should this move into Chinese names continues is Tencent Holdings (TCEHY) . Before we get further into the company specifics it's important to reiterate that Chinese equities have under-performed U.S. equities since 2007. The goal of the program according to Chinese officials is to return the economy to a 5% growth rate. Turning to the focus company Tencent Holdings (TCHEY) is a multinational technology conglomerate listed on the Hong Kong exchange since 2004.

Persons: TCHEY, Todd Gordon, Gordon Organizations: Tencent Holdings, People's Bank of China, Hong, Inside Edge, CNBC, NBC UNIVERSAL Locations: China, Hong Kong

☆ A growth stock showing signs of a breakout even as investors rotate out of group before Fed
▼ + stars: | 2024-09-17 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

I wonder if this is collectively the same group that doubted the bull market when it was rallying on narrow breadth led by the Mag 7. Today we'll revisit Meta (META) , the second largest market cap name in the sector behind Alphabet. I currently hold a 7% target allocation in my Tactical Alpha Growth (TAG) portfolio and a 2% target allocation in my Strategic Income & Growth (SIG) portfolio at Inside Edge Capital. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: ( Gordon owns META in his wealth management company Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Elliott, I'm, Zuckerberg, Todd Gordon, Gordon Organizations: Netflix, Spotify, CNBC Pro, Alpha, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Smartcat is using AI to translate content into any language. Check out the six-slide pitch deck the startup used to land $43 million in fresh VC funding.
▼ + stars: | 2024-09-16 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup, Smartcat, just raised $43 million in Series C funding led by New York-based VC firm Left Lane Capital with Lead Edge Capital also participating. Smartcat previously raised a $4.5 million seed round in 2017, a $7 million Series A in 2018, and a $15 million Series B in 2020, according to PitchBook data. VC investment in AI startups is continuing to go gangbusters, topping out at a whopping $24 billion in the second quarter of 2024 — the biggest quarter for AI funding in recent years, according to Crunchbase. AdvertisementWhile some consumer and healthcare AI startups have raised eye-popping rounds, the tech is creating plenty of opportunities in the B2B space. Check out the six-slide presentation Smartcat used to raise $43 million in Series C funding.

Persons: —, Smartcat, Ivan Smolnikov, Smolnikov Organizations: Service, Left Lane, Lead Edge Capital, Marbruck Investments, Chrome, Business Locations: New York, Koro, Smartcat

☆ Market Navigator: Trading On Holding to the upside
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket Navigator: Trading On Holding to the upsideTodd Gordon, Inside Edge Capital founder, joins 'Power Lunch' to discuss how to trade On Holding to the upside.

Persons: Todd Gordon Organizations: Inside Edge Capital

☆ Small caps are outperforming large caps. How to use charts to find buy candidates in the group
▼ + stars: | 2024-09-10 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Then on July 11, things really got started as June CPI came in below expectations and the outlook for the first Fed rate cut became significantly more likely. Let's drill down into the sectors that makeup the Russell 2000 to see who's leading and lagging since that July 5th turning point. Let's find out who is actually profitable and could maintain the rally after the initial shine of a fresh rate cut wears off. Where to look in small caps A big component of the Russell 2000 based on market capitalization representation is health care at 18.7%. Should the Fed strike a dovish tone after the first rate cut I will be shopping for quality names.

Persons: Russell, Piper Sandler, Hamilton Lane, Jefferies, JEF, Todd Gordon, Gordon, ARES Organizations: Nasdaq, Inside Edge, CNBC PRO, Ares Management, Fed, CNBC, NBC UNIVERSAL Locations: financials

☆ How to determine if this comeback rally is for real, according to the charts
▼ + stars: | 2024-08-13 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Stocks have made a nice comeback after testing support last week in the wake of a violent summer swoon tied to the yen carry trade. I run four equity portfolios at Inside Edge Capital, the most actively managed is appropriately named "Active Opps." In this article I'll cover the technical formation of the resistance zone as well as the option hedge we're using. If this is an ill-fated rally, or a so-called bear market rally, my bet is it will fail around this zone. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Nvidia's, Todd Gordon Organizations: Edge, Nasdaq, Inside Edge, CNBC, NBC UNIVERSAL

☆ Levels to watch on the yen, bond yields and Nvidia to know when this volatile market spell is over
▼ + stars: | 2024-08-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

S & P down 5.50% here, headlines of a Nikkei crash, and another great Yen carry unwind happening. I traded for a hedge fund and served as senior technical analyst for an foreign exchange company during the great financial crisis of 2008 that saw a severe yen carry unwind. If the line is headed south the dollar is weakening relative to the yen, and the yen is strengthening relative to the dollar. I believe that the July 11th CPI print that came 0.1% below expectations was the culprit to this whole yen carry unwind. Could this yen carry unwind move further?

Persons: it's, Todd Gordon Organizations: Nikkei, Markets, Inside Edge, CNBC, NBC UNIVERSAL

☆ The key price support levels to watch as sellers return to Nvidia
▼ + stars: | 2024-07-30 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

To start let's examine the 200-day moving average on the daily chart below shown as a dashed blue line. Looking back to the most recent correction in April, that was the support level of the price-to-moving average spread: 34%. We could be approaching a support level based on this analysis. This could occur by price continuing to move lower along with the moving average trending higher as the recent higher price readings factor into the average. The 50-day moving average of the daily volume totals is clearly in a decline since April.

Persons: Steve Eisman, Eisman, We're, Todd Gordon, Gordon, NVDA Organizations: CNBC, Nvidia, Jan, Edge, Inside Edge, NBC UNIVERSAL Locations: NVDA

☆ A look at Spotify’s chart after its post-earnings jump — and where it can go from here
▼ + stars: | 2024-07-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

This reaction is especially encouraging, as it's happening during a tumultuous market environment with lots of geopolitical and domestic political uncertainty. Looking at Spotify, we own it in our growth portfolio at Inside Edge Capital, first adding the position in February 2023. Judging by this post-earnings reaction, I see the stock moving above $400 in coming months. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: Gordon owns SPOT personally and in his wealth management company Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Todd Gordon, Gordon Organizations: Spotify, Netflix, Communication, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Shares of this controversial health-care stock poised to break out to new high, according to the charts
▼ + stars: | 2024-07-16 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Shares of Hims & Hers (HIMS) , a digital consumer-facing health-care company, look poised to break out to a new all time high, according to the charts. HIMS announced in May a controversial weight loss injection product to compete with Lilly's Ozempic and Novo Nordisk's Wegovy. HIMS is not only marketing weight loss drugs, it has over one million subscribers using a wide variety of treatments. It's no secret that the total addressable market for weight loss drugs is gigantic. he volume was massive that day at over 70 million shares traded with average daily volume at round 18 million.

Persons: Howard Marks, HIMS, Lilly's, We've, Goldman Sachs, Eli Lilly's, Todd Gordon, Gordon Organizations: Capital Management, Novo Nordisk's Wegovy, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Bitcoin could still hit over $100,000: Inside Edge Capital's Todd Gordon
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin could still hit over $100,000: Inside Edge Capital's Todd GordonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Capital's Todd Gordon, Brian Sullivan, “ Organizations: CNBC

☆ Bitcoin is holding support and ready to make another run at a record, according to the charts
▼ + stars: | 2024-07-09 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

That pullback has materialized and according to our Elliott Wave analysis of the bitcoin chart, support has possibly been formed in the zone of $59k - $49k. Looking at the 3-chart overlay below you'll find bitcoin, gold, and US 10-year yields since 2020. First is that gold and Bitcoin (blue and orange) have a very close positive correlation. Pulling it all together higher rates have a negative impact on all three; bitcoin, gold, and the stock market, which are all showing a positive relationship in recent months. In summary, being very bullish on the stock market, I would like to see bitcoin and gold move higher along with lower US yields.

Persons: Bitcoin, Elliott, Todd Gordon, Gordon, IBIT Organizations: Tactical Alpha, Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: bitcoin

Here's an update on the chart in a breakout shoemaker that is giving Nike a run for its money. In May, I wrote about On Holding AG (ONON) ahead of its earnings with a buy recommendation. You'll notice that the stock popped on the week of May 14th following the earnings report above the 2023 highs of $36.90. Looking at the valuation, NKE is trading about 26 times 2024 expected earnings and 25 times 2025 expected earnings. DECK is ranging from 10% to 20% revenue growth from the same period last year and ONON is running from 20% to 33% revenue growth.

Persons: NKE, outperformance, ONON, Roger Federer, Todd Gordon, Gordon Organizations: Nike, Holding, Inside Edge, CNBC, NBC UNIVERSAL

☆ AI will probably be as big as the internet revolution, says Lead Edge Capital's Mitchell Green
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI will probably be as big as the internet revolution, says Lead Edge Capital's Mitchell GreenMitchell Green, founder of Lead Edge Capital, says AI will be as big as the internet revolution, but it will take a lot longer than people think.

Persons: Capital's Mitchell Green Mitchell Green Organizations: Lead Edge

☆ Meta poised for another breakout, according to the charts
▼ + stars: | 2024-06-18 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Meta (META) is about 5% from all-time highs and technically set up for a move to break to a new record. Since then during its 'year of efficiency' free cash flow has been built back to about $11-$13 billion per quarter for a yearly cash flow of about $50 billion. Meta is already making significant progress as its AI-generated content recommendation systems on Instagram Reels has made sharing among users increasingly popular. Analysts are expecting Meta to grow earnings by 14% for the next two years and revenues by about 12%. -Todd Gordon, founder of Inside Edge Capital, LLC DISCLOSURES: (Gordon owns META personally and in his wealth management company Inside Edge Capital Management, LLC Charts.)

Persons: we've, Todd Gordon, Gordon Organizations: Inside Edge, Reality Labs, Meta, Nvidia, Apple, Alpha, Inside Edge Capital Management

☆ Copper and this related stock set to make another run at the highs, according to the charts
▼ + stars: | 2024-06-04 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Back in April we covered the breakout in Southern Copper (SCCO) from $116 a share. I think it can hold that support again and, along with underlying copper futures, mount another attack on the highs. Copper demand just recently exceeded 25 million metric tons this year and with the explosion in AI and with the move towards clean energy, copper demand is expected to reach 40 million metric tons in the next 15 years. Turning to our focus stock, Southern Copper (SCCO), the chart is also pulling back into a very similar correction with anticipated support in the $115-$105 zone. Southern Copper beat their top and bottom line earnings estimates for Q1 in April, and looking ahead the growth is expected to continue.

Persons: Jensen Huang, We're, Todd Gordon, Gordon, SCCO Organizations: Nvidia, Elliott, Edge, . Southern, Inside Edge, Inside Edge Capital Management Locations: South America, China, .

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