Diamonds and Dogs
Nvidia (NVDA) is on fire. The graphic and A.I. chip company is up 5% today and up 17% in a week and up 270% in the last year. The company exploded last month following better than expected earnings and has not stopped going up. Today Argus and B of A/ Merrill upgraded the stock with $175 and $185 price targets. Yesterday Citi made a bull case of $300 for the stock.
Oh Snap (SNAP) ! The camera application company that helps people to communicate through short videos and images is down 4% not far from a 52 week on a downgrade from Citigroup. The analyst is concerned the company will lose more money for longer than expected due to a slower than expected roll-out of new channels/platforms.