Nvidia is the most valuable company in the world: look at these levels

26 minutes ago

NVIDIA (NVDA) rose this week to first place among the most valuable companies in the world in market capitalizationsurpassing iPhone maker Apple (AAPL).

The stock rose 1.6% to around $148 in recent trading, after hitting a new record high in early trading Thursday. Nvidia shares have nearly tripled since the start of the year amid insatiable demand for the company’s family of AI chips.

The stock has traded mostly sideways or higher due to low trading volumes since breaking out of a symmetrical triangle last month, as investors look for future catalysts that could lead to the stock favorite’s next move. AI.

Investors should watch for key lower price levels on Nvidia’s chart around $144, $125, and $97, while monitoring an important upper level near $180.

Read the full technical analysis article here.

–Timothy Smith

Zillow Stock Soars After Earnings

53 minutes ago

Zillow Group (Z) shares jumped more than 20% Thursday morning after the real estate company posted strong third-quarter sales gains and narrowed its losses.

Zillow reported third-quarter revenue of $581 million, up 17% year over year and above the midpoint of the company’s previously proposed range. Its net loss for the three months ended September 30 narrowed to $20 million, compared with a loss of $28 million for the same period last year.

Sales during the period outperformed the 2% growth in total transaction value of the residential real estate sector as a whole, the listings site said, citing the National Association of Realtors (NAR).

Zillow expects fourth-quarter revenue in the range of $525 million to $540 million and said it stands by its forecast of double-digit revenue growth for the entire ‘year.

The company’s shares have surged since it named a new CEO and reported better-than-expected results. second quarter resultsearly August. Shares are now up about 24% year to date.

–Nisha Gopalan

AppLovin jumps 50% on strong profits, Outlook

1 h 53 min ago

AppLovin (APPLICATION) stocks hit a record high Thursday morning after the software company’s third quarter results and the outlook for the fourth quarter each exceeded expectations.

The company, which partners with app creators to provide advertising and grow its user base, reported revenue of $1.2 billion, a jump of nearly 40% from the same period last year and slightly better than analysts expected. Net income was well above estimates at $434.42 million, compared to analysts’ expectations of $319.2 million.

For the fourth quarter, AppLovin projects Revenue of $1.24 billion to $1.26 billion, higher than the $1.17 billion expected by analysts when Wednesday’s results were released.

AppLovin said its AI-based advertising tools now account for almost all of its software platform segment revenue. The monthly active payers (MAP) figure, which takes into account every user making an in-app purchase during the quarter, fell to 1.6 billion users from 1.8 billion a year ago. However, its average income per MAP increased from $46 to $52.

AppLovin shares are up 47% in recent trading, taking its year-to-date gains to more than 500%.

–Aaron McDade

Tesla Levels to Watch After Post-Election Jump

3 hours 8 minutes ago

Tesla (TSLA) stocks are down slightly this morning after jumping on Wednesday as investors expected the The electric vehicle manufacturer could benefit since Donald Trump’s return to the presidency, with CEO Elon Musk being one of the former president’s most prominent supporters.

The stock, which hit a 15-month high yesterday, was down 0.4% at around $287.50 in recent pre-market trading. The stock has more than doubled since hitting its lowest level of the year in April.

The stock has been trading in an ascending triangle, a bullish chart pattern that indicates a continuation of the uptrend that began in April.

Investors should watch for key overhead levels on Tesla’s chart around $300 and $350, while keeping an eye out for important support zones near $265 and $230.

Read the full technical analysis piece here.

–Timothy Smith

Futures point to higher open for major indexes

3 hours 58 minutes ago

Futures contracts tied to the Dow Jones Industrial Average rose 0.2%.

S&P 500 futures also rose 0.2%.

Nasdaq 100 futures rose 0.4%.