Stocktwits Chart Art: November 20, 2024

STOCKTWITS CHART ART: NOVEMBER 20, 2024
The Stocktwits Summary 📝

Today, NVIDIA (NVDA) reported its third-quarter earnings, revealing a 94% year-over-year revenue increase to $35.1 billion, and a 112% rise in data center revenue to $30.8 billion.

Despite these strong results, the stock declined slightly in after-hours trading (-1.2%), reflecting investor concerns about future growth sustainability.

In the broader market, six out of eleven sectors closed higher, with healthcare leading (+1.18%) and consumer staples lagging (-0.51%).

Here’s how the major indexes ended the day:

*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.

And here were Stocktwits’ top Trending symbols:

CHART OF THE DAY
Target Testing Weekly Support After Earnings Dip 🛒

Today, Target shares dropped 21% after a tough Q3, with same-store sales falling 1.9% and profitability squeezed by rising costs, leading to a significant EPS miss. To make matters worse, the company lowered its full-year guidance, citing ongoing cost pressures and operational challenges.

Stocktwits user @2kaykim notes that $TGT has pulled back to its weekly support level. The question is, can it hold, or will it be breached?

EOG Resources Shaping Up For A Big Breakout📈 

Bulls Dominate The NVIDIA Poll - $160 In Sight 🐂

Although NVIDIA's earnings might have been a bit underwhelming given the stock’s reaction, Stocktwits users are still hopeful it will open above $160 tomorrow. 🙏 

Fiverr Breaks Out On Earnings Momentum 🔥

GameStop With The Clear As Day Flat-Top Breakout 🎇