The Bottom Isn’t In Yet, and the Analyst Count Proves It

A popular claim says the bottom arrives when the majority of analysts cut and run, so Jermal Chandler counts. Seven firms downgraded this week, which sounds like a stampede until you note that 62 analysts cover the name, making it roughly 11%. A majority would take about 25 more. And the firms that did cut still point at prices 25 to 35% above where the stock traded. The sharpest detail: one didn't cut earnings at all, it cut the multiple from 21 times to 11. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Counting the analysts who cut 00:30 Seven out of sixty-two 00:40 Even the downgraders see upside 01:02 They cut the multiple, not earnings 01:26 What's happened since Friday 02:04 Nobody knows where the bottom is 02:59 Why this stock ties to everything 03:42 The implied move for earnings 04:16 Looking out to year end 05:05 A volatility neutral way to play it #tastylive #mathcheck #jermalchandler #nvidia #downgrades #pricetargets #impliedmove #earnings #optionstrading #stockmarkettags tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.