$Marvell Technology(MRVL)$ One week until the earnings report. I'm looking for a full blowout here — results above the high end, a guide-up, and some real detail on major customers and the ramp. That would be a major re-rating catalyst.
$Marvell Technology(MRVL)$ A bunch of major upgrades coming tomorrow should push it to 260 by end of week. After earnings, it could go beyond what I'm imagining.
My watchlist for the overnight session has 5 stocks that traders in Asia can't get enough of, and they all have reasons for bouncing big today. Expect major moves tonight with heightened volatility on these names: 1) $Marvell Technology(MRVL)$ - Developed a cult-like following in Asia following Jensen's statement in early June that it'll be the next $1T company. Announced massive deal with Alphabet for next-gen TPUs. 2) $BitMine Immersion Technologies Inc.(BMNR)$ $Strategy(MSTR)$ - 1/3rd of all South Koreans trade crypto, and these are both top 10 retail holdings. 3) $Webull Corp(BULL)$ - Stellar
$Marvell Technology(MRVL)$ The Google deal is a big one. The financial media and analysts aren't dumb, they made it seem like it's not a major event, but they know it's a game-changer. This stock is pure gold, and they're quietly accumulating now.
$Marvell Technology(MRVL)$ There's a reason Jensen Huang called Marvell the next trillion dollar company. The Google chip deal adds to the evidence that MRVL will get there sooner than later.
$Marvell Technology(MRVL)$ I'm holding through the next stretch. My guess is it stays low for a bit, then we could be around $262 by next Wednesday ahead of earnings. If that plays out, maybe $340 on the day. A 50% move in 8 days? I'm in.
$Marvell Technology(MRVL)$ Marvell has expanded its custom-chip relationship with Google, and Google received warrants for up to 58.97 million MRVL shares.
$Broadcom(AVGO)$ $Alphabet(GOOG)$ $Marvell Technology(MRVL)$ A growing company like Google with this much recent demand needs two vendors or suppliers. AVGO can't keep up with the needs of all their hyperscalers. What has changed if AVGO can't supply more? Google's contract with AVGO runs until 2031.
$Marvell Technology(MRVL)$ I love scrolling through the feed, seeing MRVL down $3. Then I come back and it still shows that loss, but after refreshing the app it's up $25. Lol.
$Marvell Technology(MRVL)$ Not sure why there's so much back and forth here. This looks like a $350 stock to me. Just sitting back and letting things play out.
$Marvell Technology(MRVL)$ If this holds, I'm looking at a solid payoff. I'm holding a large number of calls I picked up when the price was in the 214-217 range.
$Marvell Technology(MRVL)$ US-Iran tensions and the possibility of failed negotiations are driving this broader red reaction across the markets. Patience is needed here. Looking forward to a positive earnings report on the 27th. Nothing else has changed, this is the usual overreaction.
$Marvell Technology(MRVL)$ Don't sell into the algo-driven headfake. It's all orchestrated. Just sit back, the market is still intact. Nothing has changed. Continue upwards into earnings.
$Marvell Technology(MRVL)$ Great company. Any major sell-off looks like a buying opportunity, and somewhere in the 150–175 range seems like a reasonable entry point.
$Marvell Technology(MRVL)$ Ideally it holds 217, which I think it will unless the whole market flushes. It has continued to show an uptrend since late July, and that upward trend still looks intact. It will likely trade within a range below 240 until earnings. I bought a few puts after closing out my calls. No need to be a bear or a bull, just trade both sides.