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Pristine Market Analysis & Watchlist 2.20.24

Pristine Market Analysis & Watchlist 2.20.24

Tech Wreck into NVDA Earnings 🔥

Andrew O'Connell, CFA, FRM's avatar
Andrew O'Connell, CFA, FRM
Feb 21, 2024
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Pristine Capital
Pristine Capital
Pristine Market Analysis & Watchlist 2.20.24
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  • S&P 500 Tests the 20-day SMA for the second time

  • PANW -20% after hours

Team,

The market partied into opex, and is now experiencing a hangover. Let’s take a look under the hood into NVDA earnings. HAGE 🍻

-Andrew


Market Update

February Monthly Performance

Despite the past few sessions of weakness, the markets are actually STILL putting up a strong month, considering that February is one of the weaker months from a seasonality perspective👇

Economic Data/News

PANW is trading ~-20% after hours after reporting earnings👇

It wasn’t the worst report in the world by any means, but when a stock is trading at 66.47X forward earnings…

Any signs of softness can torpedo the stock 👇

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