Tag: dips

Marvell Technology (MRVL) Gains As Market Dips: What You Should Know

In the latest trading session, Marvell Technology (MRVL) closed at $43.78, marking a +0.44% move from the previous day. This change outpaced the S&P 500’s 0.63% loss on the day. Elsewhere, the Dow lost 0.55%, while the tech-heavy Nasdaq lost 0.1%.


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Prior to today’s trading, shares of the chipmaker had gained 11.14% over the past month. This has outpaced the Computer and Technology sector’s gain of 8.45% and the S&P 500’s gain of 5.91% in that time.

Wall Street will be looking for positivity from MRVL as it approaches its next earnings report date. The company is expected to report EPS of $0.25, up 47.06% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $750.23 million, up 13.25% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.92 per share and revenue of $2.96

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If You Can Buy the Dips In Nvidia Stock, It’s Worth the Price to Ride Along

a close up of a green boat: A racecar featuring Drive PX 2 technology from Nvidia (NVDA) parked.

© Source: Steve Lagreca / Shutterstock.com
A racecar featuring Drive PX 2 technology from Nvidia (NVDA) parked.

Nvidia (NASDAQ:NVDA) has been a perennial favorite among tech investors, especially when NVDA stock takes a breather in its upward mobility.

a close up of a green screen: A racecar featuring Drive PX 2 technology from Nvidia (NVDA) parked.

© Provided by InvestorPlace
A racecar featuring Drive PX 2 technology from Nvidia (NVDA) parked.

That’s what happened earlier this month when shares reached $573.86 on Sept. 2 then declined to $476.52 a mere six days later.

NVDA stock climbed back over $500 a few days later before settling back to $494.95 on Sept. 23. The last few days of September saw the stock topping $500 again to end the month around $541.

Does this mean that the dip in NVDA stock is over? Did potential and current investors wait too long to snap up some discounted shares?

A Look at NVDA Stock

The California-based technology firm is well known

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FTSE 100 tracks Asia weakness after tech sell-off; Ashmore dips

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100 flat, FTSE 250 up 0.1%

Sept 11 (Reuters) – London’s FTSE 100 was subdued on Friday, tracking weakness in Asia as Wall Street’s tech rout hit global investor sentiment, while Ashmore inched lower after the money manager posted a drop in assets under management.

The blue-chip FTSE 100 was flat by 0704 GMT, with a dip in oil prices hitting shares of BP Plc and Royal Dutch Shell Plc. Financials were also among the decliners in early trading.

Still, the index was on course for its best weekly gain since June as a weaker pound boosted demand for its export-heavy constituents after no-deal Brexit fears returned to the forefront.

The mid-cap FTSE 250 edged up 0.1%, with consumer goods, healthcare and real estate stocks leading gains.

Data on Friday showed Britain’s economy grew

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Should You Buy or Fear the Dips in Technology ETFs?

Wall Street has started rebounding from a three-day rough patch beginning Sep 3, after a strong August. This downturn induced by the sharp sell-off in technology stocks could have been a result of people rushing to book profits, may be due to worries over very high valuations, uncertainty over another pandemic stimulus package, budget negotiations and the approaching elections.

The Dow Jones Industrial Average saw a 1.6% increase on Sep 9. Moreover, the S&P 500 index gained 2% and the Nasdaq composite was up 2.7% on the same day. In fact, the broader market index witnessed its best day since Jun 5 when it inched up 2.6%, per a CNBC article. Moreover, the tech-heavy Nasdaq Index saw its biggest one-day gain since Apr 29 when it rose 3.6%.

The S&P 500 Information Technology Index was also up 3.4% on Sep 9 and witnessed its biggest one-day gain since late Apr

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Global stocks falter as tech stays weak, dollar dips after three-day run

By Chuck Mikolajczak

NEW YORK (Reuters) – A gauge of global stocks fell for a second straight day on Friday and marked its biggest weekly percentage drop in nearly three months, while the dollar ran out of steam, ending a three-day run higher, after a U.S. payrolls report painted a weaker economic picture.

U.S. job growth slowed in August as financial aid from the government was depleted, with nonfarm payrolls increasing by 1.371 million jobs versus 1.734 million in the prior month. Expectations were for the addition of 1.4 million jobs. The unemployment rate fell to 8.4% from 10.2%.

“It points in the right direction, but still leaves some question marks as 8.4% of unemployment is still a high rate,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “They certainly point to recovery, but yet a weak recovery.”

For a graphic on Jobs fell off

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