Diamonds and Dogs
NVIDIA (NVDA) is white hot. The chip company is up 14% not far from an all-time high following better than expected earnings. The company beat estimates by 4 cents as revenue rose 48% to $1.94 billion. The company also issued upside guidance for the second quarter. Several upgrades with $140 and $130 price targets. One analyst raised his target to $93 or 20% below the current price, a little behind the ball.
Yikes for Yelp (YELP). The website that connects consumers with local restaurants and retailers is down 19% to a 10 month low following earnings. The company actually beat estimates, but guided second quarter revenue below consensus while also lowering full year guidance as well. Yelp received 5 downgrades and 2 upgrades this morning.