Nvidia Stock Is Falling. Blame Bitcoin, Ethereum, Not the Stock Split.


Barron's 20 July, 2021 - 11:50am 10 views

When is NVDA stock split?

Nvidia (NASDAQ: NVDA) will be executing a 4-to-1 stock split, and shares are expected to start trading on a split-adjusted basis on July 20. NasdaqIs Nvidia Stock a Buy Now After the 4-to-1 Stock Split?

Contrarian Crypto Investor Publishes Guide On How To Survive The Bitcoin Bear Market | Benzinga

Benzinga 20 July, 2021 - 11:19am

What Happened: Crypto markets are experiencing another sharp selloff overnight led by Bitcoin (CRYPTO: BTC), which lost support $30,000 for the second time this year.

As the overall crypto market cap dropped 7.62% in the past 24-hours to $1.19 trillion, most market participants had confirmed a bearish outlook for the near term.

Bear markets offer ideal opportunities for those with long-term vision.

— Jeff Kirdeikis (@JeffKirdeikis) July 20, 2021

In light of the recent events, Crypto Whale, known for his “unbiased and contrarian” views, published a complete 101 guide on how to survive the Bitcoin bear market.

According to him, we are in the “denial stage” of the market cycle, given that popular crypto influencers are still calling for new all-time highs.

“While many still believe Bitcoin will push beyond $100K or $1,000,000 in the short term, I think these predictions are a mixture of wishful thinking and irrational exuberance. It’s very clear we’re in a bear market,” he said.

“This market will not be forgiving, and continue to expand the losses of those who jumped in late, and failed to properly manage their risks.”

Mr. Whale advised against investing with emotions and recommended following bears in a bear market. In his view, Bitcoin will eventually tank back below $7000 in 2022.

“In bear markets, Cash is King,” he stated, explaining that having funds in the bank beats keeping them on an unregulated exchange.

“Inflation is around 5% in the US. While that might seem like a lot, imagine how much you would lose if Bitcoin dropped 85% or 95%.”

Highlighting another mistake that most investors make, Mr. Whale cautioned against buying the dip too early.

Read also: David Tice Turns Bearish On Bitcoin And Big Tech: It's Very Dangerous To Hold Today

“This next bear market is expected to be the largest one ever. With the entire world focused on the crypto industry, the volatility will be crazy,” he explained while advising against buying until most people have sold in fear.

He also recommended avoiding investment in “shit coins and zombie projects” entirely and focusing instead on quality cryptocurrencies with strong fundamentals.

“During uncertain times, it’s important to focus on projects with rock-solid utility, strong fundamentals, and durable competitive advantages,” he said.

Price Action: At press time, Bitcoin was trading at $29,786, down over 3% in the past 24-hours.

Click here, or sign up for our newsletter to explore more of Benzinga's Cryptocurrency market coverage, in-depth coin analysis, data, and reporting.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Why Nvidia Stock Bounced Back Like a Superball Today | The Motley Fool

Motley Fool 19 July, 2021 - 02:13pm

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

After four straight trading days of unmitigated selling, shares of graphics and crypto-mining semiconductor manufacturer Nvidia (NASDAQ:NVDA) reversed course today -- and bounced nearly 5%!

Of course, those morning gains proved fleeting, but as of 2:15 p.m. EDT, Nvidia stock is still holding onto a respectable 3.3% gain. (And you have to wonder if it might be up even more if the stock market hadn't suddenly gone to heck in a handbasket today.)

Investors can send their thank-you notes directly to Morningstar, which was quoted today commenting that "after taking a fresh look at our thesis on Nvidia, we are raising our moat rating to wide from narrow, thanks to intangible assets related to the design of graphics processing units (GPUs)."  

Coming on the heels of similarly positive notes in recent weeks from investment banks including KeyBanc, BMO Capital Markets, and Mizuho, which have posited price targets of anywhere from $900 to $1,000 for Nvidia stock (which only costs about $750 today), it seems there's a consensus forming on Wall Street that the time for selling is over, and the time for buying is here -- and maybe they're right.

Nvidia's price strength today in the face of a broad stock market collapse certainly suggests that investors are tired of selling Nvidia stock. But all that being said, when I look at Nvidia's valuation today -- 85 times trailing earnings, and even 82 times free cash flow -- I cannot help but think that the stock remains richly priced.

And Wall Street's optimists notwithstanding, I fear Nvidia stock may still have farther to fall.

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$10,000 Invested in These Growth Stocks Could Make You a Fortune Over the Next 10 Years | The Motley Fool

The Motley Fool 19 July, 2021 - 04:52am

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

All you need is three ingredients to cook up sizzling stock returns. Those ingredients are a sufficient upfront amount of cash to invest, the right stocks to buy, and a long enough period of time.

You might have noticed there are some vague words included in those ingredients, though: sufficient, right, long enough. How much upfront cash is sufficient? What are the "right" stocks to buy? How long is long enough to hold those stocks?

The correct answers to those questions can vary. Some stocks don't require as big of an upfront investment or as lengthy of a holding period to generate tremendous returns as others do.

However, I'll take a stab at answering all three questions in a way that is specific instead of vague. I think that $10,000 invested in these growth stocks could make you a fortune over the next 10 years.

If you had invested $10,000 in Nvidia (NASDAQ:NVDA) a decade ago and held onto your shares, your investment would now be worth over $500,000. Will the stock deliver that kind of return over the next 10 years? Almost certainly not. However, I think that Nvidia will still be a huge winner for a long time to come.

To be sure, there could be considerable volatility along the way. A cryptocurrency crash could pull down Nvidia's share price. It's happened in the past. The stock could also fall when the supply of chips catches up with demand.

But over the long term, there are multiple tailwinds that work to Nvidia's advantage. One is the massive popularity of gaming with frequent upgrade cycles that drive demand for the company's latest graphics processing units. Another is the increased use of artificial intelligence in applications, which creates an expanding market for Nvidia as well.

My view is that self-driving car technology will become a much larger opportunity for Nvidia over the next few years. I also expect that the proliferation of devices connected to the internet via 5G networks will also be a key growth driver for the company.

Nvidia's market cap currently stands at close to $470 billion. I think the company can more than double its size over the next decade.

You couldn't have invested any amount in Etsy (NASDAQ:ETSY) 10 years ago. The e-commerce company didn't list its shares on a public exchange until 2015. Since then, the stock has soared more than 500%. And Etsy has just begun to tap its potential.

The company operates the go-to platform for buying unique hand-crafted products. Thanks to the COVID-19 pandemic, Etsy attracted lots of new customers. It also realized that its total addressable market was much bigger than it previously thought. Etsy CEO Josh Silverman put it this way: "The size of Etsy's addressable market starts with a T not with a B." 

Etsy continues to enhance the product experience for customers to drive higher sales, including using strategic discounts and improving its search capabilities. It has also made a couple of acquisitions recently that give the company a presence in Latin America and in the fashion resale market.

The company's market cap is less than $24 billion despite Etsy's tremendous growth. Although the stock trades at nearly 65 times expected earnings, I think that Etsy is actually cheap in light of its huge growth opportunity.

DermTech (NASDAQ:DMTK) is by far the smallest of these three growth stocks with its market cap below $1 billion. Unlike Nvidia and Etsy, the company isn't profitable yet. And DermTech hasn't delivered nearly as impressive gains. However, I believe that it could potentially make investors the most money over the next 10 years of the three stocks on the list.

Great companies address big problems in a new way. That's exactly what DermTech is doing. It's trying to revolutionize how skin cancer is detected. The current approach requires visual inspection and surgical biopsy. DermTech uses non-invasive genomic testing. Adhesive patches are applied to the skin and then sent to a lab for analysis. No cutting is required.

DermTech's skin genomics tests are 17 less likely to miss a diagnosis of melanoma than the current biopsy approach. And the cost of DermTech's method is significantly lower as well. 

The total annual market opportunity for DermTech including all types of skin cancer is around $10 billion. DermTech already has two products on the market for melanoma and continues to develop new products that will enable it to target other types of skin cancer. The company is still only in its early innings, but I expect that DermTech will be a big winner over the long term.

Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list price is $199 per year.

Stock Advisor launched in February of 2002. Returns as of 07/20/2021.

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