Nvidia's second-quarter profits were well below its year-ago earnings but were nicely ahead of analyst expectations.
Let's see what the charts look like.
The strategy with Nvidia entails the sale of a bull call spread coupled with the sale of a bear put spread.
The GPU giant beat quarterly estimates and offered a sales outlook that was better than what many feared. In a post-earnings talk with TheStreet, CFO Colette Kress suggested sales of Nvidia's latest gaming GPUs will be strong this quarter.
Gary Dickerson, president and CEO, in a statement called the results `solid' in a `market environment that remains challenging for the time being.'
The Chinese e-commerce giant soundly beat June quarter estimates while reporting strong for its bread-and-butter Chinese e-commerce operations.
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Graphics-chip maker's earnings and revenue beat analysts' estimates.
Stocks end mixed Thursday as strong Walmart earnings and a positive retail sales report beat back trade uncertainty and worries about falling bond rates.