Earnings Thursday: NVDA

With all the bad news that came a few weeks earlier about AAPL missing estimates and suppliers producing less due to cuts in iPhone sales, the semiconductor stocks took a big hit.  Along with the decline of Bitcoin and other crypto currencies, even NVDA dropped, but as the market seems to think, they are still top dog.

And of course, 1 week prior to today's earnings, I started loading up on NVDA calls.  On May 3, NVDA closed above the 20day moving average and May 4, NVDA broke through the 50 day moving average, all bullish signs.

So needless to say I picked two calls up.  I have another two calls at 225 strike, both over 100% return.  And I learned from my WB debacle and decide to sell early.  Like around 10:30 AM today, even though I have another 5 hours to go, I'll bank the 100% profit and move on to my next stocks.

The stocks on my list for the next couple weeks include: CRM, AMAT, INTU, ADSK.  I will update you as we go along, but these have been good momentum companies right before earnings.  Whether or not they beat earnings is another story, because that is not my problem.

For your enjoyment and education.  Happy investing!