NVIDIA (NVDA) guidance may be conservative, and a break above the $187 resistance level could signal a move towards $195. Analysts see an extremely high probability of Bitcoin (BTC) reaching at least $103,440 after holding key support at $87,000. Marvell Technology (MRVL) is considered a long-term investment following its Celestial AI acquisition, with a potential price target in the $170s. For Robinhood (HOOD), a break above $135 could target $185, while a pullback to the sub-$120 level is viewed as a strong buying opportunity. Finally, American Eagle (AEO) shows significant momentum after blowout earnings and exceptionally strong holiday guidance driven by its Aerie brand.

Marvell Technology (MRVL)

• Marvell reported Q3 earnings that beat analyst expectations for earnings per share (76 cents vs. 74 cents expected) and came in-line with revenue expectations ($2.07 billion).
• Initially, the stock fell after the report but then staged a massive reversal, surging over 15% after hours.
• The positive momentum was driven by the company confirming its acquisition of Celestial AI on the earnings call.
• Marvell announced that the Celestial AI acquisition is expected to contribute $1 billion in revenue, which excited investors. The company is paying approximately 3.5 times sales for the acquisition.
• The CEO, Matt Murphy, had previously shown confidence by buying $1 million of stock in September around $77 per share.
• From a technical perspective, the guest noted that Marvell can be very volatile after hours, and the pre-market price action will be more telling.
• Key resistance levels to watch are $101.91 and $110. If the stock can hold above $110, the next area of congestion is between $110 and $122.

Takeaways

• Bullish Sentiment: The market's reaction turned extremely bullish following the details of the Celestial AI acquisition and its expected revenue contribution. This is seen as a major growth driver.
• Long-Term Play: The host views Marvell as a long-term turnaround story. The investment thesis is not for a short-term trade but for a multi-year reversal with a potential long-term target in the $170s.
• Watch Key Levels: Investors should watch to see if the stock can hold its after-hours gains and break through the $100-$110 resistance zone. A failure to hold these gains in the pre-market or regular session could indicate the initial excitement was overdone.

American Eagle Outfitters (AEO)

• The company reported a massive beat on its Q3 earnings, with earnings per share of 53 cents and revenue of $1.36 billion, exceeding expectations on both.
• The stock surged 15% in after-hours trading following the strong report and guidance.
• For the critical holiday quarter, American Eagle guided for comparable sales growth between 8% and 9%, which is approximately four times higher than what analysts were expecting.
• The company also significantly raised its full-year adjusted operating income guidance.
• Growth was primarily driven by its Aerie brand. The namesake American Eagle brand, despite a flashy campaign with Sydney Sweeney, saw comps grow only 1%.

Takeaways

• Bullish Sentiment: The blowout earnings and exceptionally strong holiday guidance signal significant momentum for the company and suggest the consumer is stronger than many believe.
• Consumer Strength: This report, along with others from retailers like Urban Outfitters, challenges the "consumer is weak" narrative. It appears consumers still have disposable income or access to credit for apparel purchases.
• Aerie is the Driver: While the American Eagle brand is stable, the Aerie brand is the clear engine of growth for the company. Investors should continue to monitor Aerie's performance as the key indicator of the company's health.

NVIDIA (NVDA)

• At a recent UBS conference, NVIDIA's CFO provided bullish commentary that suggests current guidance may be conservative.
• The CFO clarified that the previously announced guidance of $500 billion in revenue over five quarters does not include two major potential tailwinds:
  • Sales to China.
  • Revenue from the new, massive partnership with OpenAI.
• The stock is currently trading at approximately 25 times next year's earnings, which could be seen as attractive if these un-included revenue streams materialize.
• Technical analysis indicates that $187 is a major resistance level. If the stock can break through and hold above this price, the next target would be around $195.
• The analyst noted there is an "extremely low liquidity pocket" higher up on the chart from a previous earnings move, suggesting a high probability that the price will eventually move up to fill that gap, likely triggered by a future headline.

Takeaways

• Bullish Sentiment: The commentary from the CFO is a significant bullish catalyst, implying that current analyst models and investor expectations might not fully account for NVIDIA's total addressable market and revenue potential.
• Potential for Upside Surprise: The exclusion of the OpenAI partnership and China sales from guidance presents a major source of potential upside. Any positive developments on these fronts could serve as a powerful tailwind for the stock.
• Key Technical Level: For traders, the $187 level is the key hurdle to watch. A decisive move above it could signal the start of the next leg up towards $195 and potentially higher.

CrowdStrike (CRWD)

• CrowdStrike reported a "double beat" for its Q3 earnings, with both revenue ($1.23 billion vs $1.21 billion expected) and EPS (96 cents vs 94 cents expected) coming in ahead of estimates.
• The company provided Q4 guidance that was a slight beat, raising the low end of its fiscal year revenue forecast but keeping the high end the same.
• The stock was mentioned as being one of the most expensive software names (besides Palantir), having already run up nearly 50% year-to-date, which sets a high bar for earnings.
• The CEO, George Kurtz, emphasized the company's record Q3 net new Annual Recurring Revenue (ARR) of $265 million, up 23% year-over-year. ARR is the key metric the CEO focuses on.
• The CEO described the quarter as "one of our best quarters in company history" and positioned CrowdStrike as "the operating system of cybersecurity."

Takeaways

• Neutral to Slightly Bullish Sentiment: While the earnings were solid, they weren't a massive blowout, which is what the market often demands from a high-valuation stock that has already performed so well.
• Focus on ARR: For long-term investors, the continued strong growth in Annual Recurring Revenue (ARR) is the most important takeaway. It demonstrates the company's ability to consistently win new business and expand its customer base.
• Valuation is Key: Given its high valuation, the stock may trade sideways or be volatile in the short term unless it delivers a significant upside surprise. The earnings report was good, but perhaps not enough to justify another major move higher immediately.

Data Center & "Neocloud" Plays (IREN, CoreWeave, Nebius)

• This group of stocks was highlighted for being extremely volatile, with the potential for 10-15% moves in a single day. They are sensitive to any headlines related to data centers, NVIDIA, or the private credit markets.
• Iren (IREN):
  • The stock fell sharply, down 15%, after announcing a $2 billion convertible note offering.
  • The market's negative reaction was not just to the dilution itself, but seemingly to the specific terms of the notes, which were viewed as "not the most shareholder friendly."
  • The stock has now corrected 50% from its high of $80 down to $40.
  • Technically, the stock is at risk. It must get back over $48.82 to regain bullish momentum. If it cannot hold the $42 level, the next major support is down in the $33 area.
• CoreWeave (CORZ):
  • The stock bounced off the $65 level, which was its IPO price high and an important support level.
  • The $72-$75 range is the new support area to watch.
  • The stock is not "out of the weeds" until it can break above the $84 resistance level.
• Nebius:
  • Mentioned as being part of the same volatile group. It was down over 3% on a day when it had been up earlier, highlighting the intra-day volatility.

Takeaways

• High Risk, High Reward: These stocks are not for the faint of heart. Investors should be prepared for significant price swings in both directions.
• IREN's Dilution is a Concern: The market's harsh judgment on Iren's financing suggests investors are becoming more discerning about how these capital-intensive companies fund their growth.
• Know Your Levels: For those invested or trading these names, the technical support and resistance levels mentioned are critical to watch. A break below key support (e.g., $65 on CoreWeave, $42 on Iren) could signal further downside.

Robinhood (HOOD)

• The company was discussed in the context of the new "Invest America" initiative, which will create 25 million new investment accounts for children.
• Robinhood is expected to capture a significant portion of these new accounts, as the company has been working closely on the initiative and has already demoed what the accounts will look like on its platform.
• This is seen as a long-term positive, bringing more users into the Robinhood ecosystem.
• From a technical standpoint, the stock is at a "very difficult level."
  • The key resistance to watch is $127.86.
  • If the stock can break and hold above $135, it is considered "up and out" with a higher target of $185.
  • A pullback to the sub-$120 or low $100s level would be viewed as a strong buying opportunity.

Takeaways

• Long-Term Bullish Catalyst: The Invest America program represents a significant, long-term tailwind for user growth, which is a core part of the bullish thesis for Robinhood.
• Technically at a Crossroads: The stock is at a pivotal point. Its ability to break through near-term resistance will determine its trajectory. A failure could lead to a pullback.
• Buy the Dip Mentality: The hosts have a strong conviction that significant dips in Robinhood are buying opportunities for long-term investors who believe in the company's future.

Bitcoin (BTC)

• Bitcoin showed a strong rebound, reversing from a low of $83,000 to hit $92,000.
• The technical analyst believes there is an "extremely high probability" of Bitcoin reaching at least $103,440.
• When asked about hitting $100,000 by the end of December, the analyst was hesitant, suggesting January 2025 is more likely. However, he noted it's "very possible" as crypto can move very quickly.
• The $87,000 level was identified as a key bullish support level that held during the recent dip.
• The analyst noted that the crypto markets blew their chance for a big pump over Thanksgiving and now have two more chances over Christmas and New Year's.

Takeaways

• Bullish Sentiment: The overall sentiment remains bullish, with a clear path to new all-time highs. The recent dip was seen as a healthy consolidation that held key support.
• Target Above $100k: The next major target is in the $103k+ range. While the timing is uncertain, the trajectory is pointed upward.
• Psychological Level: The $100,000 mark is a major psychological milestone. A move to that level would signal a "super risk-on" environment.

Other Earnings Insights

• Okta (OKTA): Reported a beat on both revenue and EPS. However, the stock was flat to slightly down, reinforcing its reputation as a less volatile name that doesn't move dramatically on earnings.
• Pure Storage (PSTG): The stock collapsed 17-18% after hours. This was surprising as the company beat revenue expectations and came in-line with EPS. The severe negative reaction was likely due to disappointing forward guidance.
• GitLab (GTLB): Reported a "double beat" with strong growth, but the stock still fell 4-6% after hours. This highlights the tough environment for software stocks, where even good results are not always rewarded.
• Asana (ASAN): Was a bright spot among software names, rising 7% after hours. The company beat EPS expectations by 17% and revenue by 1%.