Latest news with #ToddGordon
CNBC
6 hours ago
- Business
- CNBC
Cadence Design Systems is up huge on earnings. What the charts say to do next
There's an old saying in the markets; "The longer the base, the higher in space." Cadence Design Systems 'CDNS' just broke from a 16-month base following a strong earnings report. Sixteen months may not seem that ridiculously extended, but for a company that helps the biggest chip makers in the world design, test, and perfect their chips before they even begin manufacturing, and NVDA higher by 84% in that same 16-month period, I think it's significant. I've been watching this name for some time to add to my portfolio and have owned this in the past, but Tuesday morning's earnings popped the stock out of the base consolidation. I was hesitant to buy this stock up 10% following the report, but looking at the weekly chart you'll see a series of 1-year or greater bases followed by breakouts ranging from 64% to 130%. With room to run, I added a 4% allocation to my Active Opps portfolio this morning and with confirmation that support is holding and buyers continue to push the stock higher, I'll aim for an 8% holding. Notice the GAAP earnings projection below the chart of $4.27 in 2025, but then a 28.9% growth to $5.50. Non-GAAP EPS for 2025 is expected to be $6.75 and then grow to $7.79 in 2026. Top line is also growing nicely at a 11%-19% clip. Moving down to the daily chart you see an up-close look at the range that's been in play since March 2024. I would not be surprised to see a pullback towards $350/$340 and if buyers appear offering the stock support, I'll know there is more institutional money coming to market to get on board the initial missed breakout. Cadence shares essentially a duopoly with Synopsys, Inc (SNPS) in the electronic design automation (EDA) market. This is a high barrier to entry, highly technical segment that is a foundation to the entire semiconductor design market. Their customer base includes Nvidia, AMD , Intel , AMR, Tesla , and Apple and are deeply entrenched in these company's workflows. Jensen Huang, CEO of Nvidia, said that Cadence's Palladium emulation system is indispensable to Nvidia. Apple uses Cadenece's EDA suite in their custom M-series chip and their growing AI infrastructure projects. Moreover, they are diversified from just consumer electronics as they service automotive, aerospace, and AI infrastructure. In our Active Opps portfolio we hold a 4.07% allocation in CDNS established July 29. - Todd Gordon, Founder of Inside Edge Capital , LLC We offer active portfolio management and regular subscriber updates like the idea presented above DISCLOSURES: (Gordon and his firm own CDNS) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
CNBC
22-07-2025
- Business
- CNBC
The charts are showing signs that tech could pull back in the near term
The growth trade has gone almost parabolic since the April lows with a 40% rise in less than four months. I think we're in a secular bull market and should be considerably higher one year from now. Near term, however, I also think a pullback is possible. Should you care? I don't know. It depends on your perspectives and objectives. But if a 5% pullback is something you consider actionable, then a hedge in the Nasdaq might make sense. One investor's bull market is another investor's bear market. Trading and investing is all about your own personal perspectives and objectives. There is not one proper way to invest and speculate in the markets. You have to decide what best meets your objectives. If you're not sure how to answer those questions, please consult a financial advisor. It doesn't make you ignorant. We have actual scientists as clients - much smarter than I - who need help answering those questions. We're trained for this. Looking at the Invesco QQQ Trust , which tracks the Nasdaq-100, you'll see a sharp rise from the April lows. The Relative Strength Indicator (RSI) put in a commensurate rise with the QQQ price through May. In June, QQQ broke through the former $540 double top resistance level, which is now acting as support and a target level should the pullback I'm about to describe starts to manifest. However, when the $540 ceiling was being penetrated, the RSI did not confirm with a push to new highs indicating that momentum, or rate-of-change, was waning. Think of a ball being thrown in the air. Towards the apex of the throw the ball continues to move higher, but at a slowing rate of change until the direction changes and gravity takes over. In my short-term Active Opps model for our more active clients, I plan to bring in a short hedge via the ProShares Ultrashort QQQ ETF (QID) to protect gains in our core holdings. QID is trading around $24.61 and will look to exit the trade at a loss if it trades below $24.25. Remember, as QQQ goes up the QID goes down. Wednesday kicks off the heart of megacap growth earnings with Alphabet, ServiceNow and Tesla reporting. It gets busier next week with more earnings and next Federal Reserve meeting. Looking at some other macro markets with a potential impact on the stock market, I'm seeing gold (left chart) threatening a break through $317 resistance and the 20 year+ treasury bond ETF TLT acting a little 'bottomish' with a possible inverse head and shoulders with attendant RSI divergence. Gold and bond moving higher here is a cause for concern. Some profit taking before the real heart of earnings season after a historic 40% run in less than four months seems reasonable and relevant to our shorter-term managed model Active Opps. In the bigger, longer-time frame portfolios we managed, this possible pullback is noise and not something to be bothered with. I believe we're still in a secular AI-driven technology bull market that should be significantly higher one year from now. -Todd Gordon, Founder of Inside Edge Capital, LLC We offer active portfolio management and regular subscriber updates like the idea presented above . DISCLOSURES: Gordon owns GOOGL, NOW, TSLA personally and in his wealth management company Inside Edge Capital. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
CNBC
15-07-2025
- Business
- CNBC
The charts are showing app stock Life360 has more room to run
Two weeks ago, my wife and I finally gave in and bought our twin boys iPhones. My wife's sister has three older daughters in high school and college and she insisted that we look into the app Life360 . She proclaimed that the app is a must have for pre-teens and teens and many parents use it. So, we signed up. One week in, I cannot remember a time when software so quickly integrated into our lives. I started studying the company and found that it was publicly traded, and the technicals and fundamentals look great. I added the position to my Active Opps portfolio yesterday. This company is the world's largest family-focused social network that allows users to track each other's precise location, personal belongings, even pets. Life360 also offers features to track driving speed, crash alerts, roadside assistance and has even partnered with Uber for airport arrival ride booking. The app regularly ranks in the top 10 most popular social-networking apps and is in the top-25 of daily active users for all applications. Looking at the daily chart you can see the stock came to "life" in April, rallying 100% into June. The stock is consolidating, but the best sellers could do was force the stock into a consolidation that still trended higher. That's a rare technical pattern indicative of continued buying interest. The stock popped over 6% on Monday and is now pulling back to support. In May, June and now July — you can see several blue volume bars above the 50-day moving average of volume uncovering institutional demand. As I first started researching this company, I thought with Apple's location sharing and Air Tag device finder, why wouldn't this company become obsolete with Apple's features? I've found the software is so incredibly feature rich and is targeting a market that Apple is not really focused on and benefits from cross-platform appeal due to its availability on Android. Non-GAAP EPS totaled 62 cents per share in 2024 and is expected to go to $1.03 per share in 2026. The company's operating revenue turned positive in the fourth quarter of 2024 and runs a high 80% gross margin (benefit of fixed cost SaaS companies). The stock has a pretty high forward valuation, so I'm going to keep this breakout on a short leash while above the $66 pivot point. In our Active Opps portfolio (linked below) we hold a 3.58% allocation and looking to increase my position size with evidence that support is being held. We offer active portfolio management and regular subscriber updates like the idea presented above . -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: Gordon owns LIF personally and in his wealth management company Inside Edge Capital. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
CNBC
01-07-2025
- Business
- CNBC
The charts are showing this burger chain can soon blow through its all-time highs
I believe Shake Shack is on the attack for a continuation to and through all-time highs, possibly once and for all. I last wrote about SHAK in February of last year and first added this company to our growth portfolio on Feb. 2, 2024. It's been a volatile ride since then, as the company navigates expansion in a competitive fast casual dining space, as well as a rich valuation that has some reluctant to chase into all-time highs. Looking at the weekly chart, first we see a third attempt since 2021 to break through the $140 region. Looking at the lower volume chart, we see a blue wall of volume mostly above the 50-week average volume (5.76 million shares per week) that screams institutional accumulation, despite the high valuation. Below that, we see consistent top-line revenue growth since 2021 ranging from 15% to 20%. Just above that, are the GAAP EPS figures that show a nasty decline in 2024 of 48.81%. Non-GAAP earnings, however, surged 148.6% year over year. The discrepancy was from the September 2024 earnings — where management listed several key "one-time" items. As we move to the daily chart, you can see discrepancy in Q3 2024 GAAP vs non-GAAP earnings at the bottom of the chart. Looking at the price bars on the far left of the chart, you'll see the stock gapped up that day. Turning back to the hard right edge of the chart, we see a test of the key $140-zone happening again with Q3 earnings set to be reported in 30 days. Before then, I would not be surprised to see a pullback towards the former resistance-turned-support zone around $130 that can be used for entries. Looking at the yearly change in EPS, the rich valuation can be overlooked in this momentum stock for now: 2023: +219% 2024: +148% 2025 expected: +44.8% 2026 expected: 24.9% I would buy the stock and forget about it for a few years, rather see if the recent upgrades from Barclays and Oppenheimer can materialize. The company has aggressive expansion plans of 45-50 company-operated outlets in 2025 and with global licensing deals expected. The company has 570 locations worldwide, according to the company website. Shake Shack is emphasizing digital sales with approximately 38% of total transactions are done on the app with additional functionality expected. We hold SHAK in two of our portfolios at Inside Edge Capital. In our flagship growth portfolio (Tactical Alpha Growth), we hold a 2.5% position after increasing from 1% on the May 28th 2025 reallocation. In our faster money "Active Opps" account, we hold a 5.23% allocation. If we can sustain a break above the $140.00 resistance level, I will look to increase the holding size in both while trailing my risk management levels higher. -Todd Gordon, Founder of Inside Edge Capital, LLC We offer active portfolio management and regular subscriber updates like the idea presented above. DISCLOSURES: Gordon owns SHAK personally and in his wealth management company Inside Edge Capital. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
New York Post
17-06-2025
- Lifestyle
- New York Post
Ornate Atlantic City home asking $1.3M boasts ‘Boardwalk Empire' ambiance and an unusual basement amenity
With its gilded, casino-like interiors and beachside locale, this $1.3 million listing embodies Atlantic City. The four-bedroom listing, first reported by is located in the Lower Chelsea neighborhood of Atlantic City. The address is just steps from the beach and a short drive to the city's famous casino district. The property was constructed in 1920, during Atlantic City's 'Boardwalk Empire' era, fueled by prosperity and prohibition. 10 The 1920s home, located steps from the beach along Atlantic Avenue. Courtesy of Todd Gordon of BHHS Fox & Roach Margate 10 The marble foyer. Courtesy of Todd Gordon of BHHS Fox & Roach Margate With its green terra cotta roof and stucco exterior, the home exudes Mediterranean pastiche. Only a handful of historic properties in Atlantic City bear the home's stately exterior, and even fewer boast such lovingly maintained, matching interiors. While the home is just blocks from the sandy beach, its 4,250-square-foot interior is swathed in a gaudy golden style straight out of the Gilded Age. 'In so many rooms, you have these beautiful, ornate marble fireplaces that just feel like you're anywhere in Europe,' said listing agent Todd Gordon of BHHS Fox & Roach Margate. A marble foyer with a curved staircase opens up to a living room with ornate ceilings, a marble fireplace and ample gold accents. Large windows span the first floor, with ceiling moldings above and patterned hardwood floors below. 10 The ornate living room. Courtesy of Todd Gordon of BHHS Fox & Roach Margate 10 One of the home's marble fireplaces. Courtesy of Todd Gordon of BHHS Fox & Roach Margate 10 The formal dining room. Courtesy of Todd Gordon of BHHS Fox & Roach Margate 10 A vibrant yellow sunroom. Courtesy of Todd Gordon of BHHS Fox & Roach Margate French doors connect the downstairs spaces, also including a dining room and an office with wood paneling. 'It feels like you're in 'Boardwalk Empire,'' added Gordon. Three bedrooms upstairs include a primary bedroom with a sitting area and an outdoor deck with ocean views. On the third floor is an extensive guest suite with a bedroom, a bathroom, a living room and a kitchenette. 10 The wood-paneled library. Courtesy of Todd Gordon of BHHS Fox & Roach Margate 10 A stained glass window can be glimpsed from the second floor landing. Courtesy of Todd Gordon of BHHS Fox & Roach Margate 10 One of four bedrooms. Courtesy of Todd Gordon of BHHS Fox & Roach Margate 10 Stained glass and faux European accents extend to the bathrooms. Courtesy of Todd Gordon of BHHS Fox & Roach Margate The striking home's most unusual feature is found in the basement, where there is a large, currently non-functioning swimming pool. A basement pool is a rarity for a home so close to the beach. Gordon told The Post that this is his second time selling the historic property. The home last changed hands in 2020 for $575,000, according to Atlantic County records. The former owner was dedicated to the home's restoration, Gordon said, and went so far as installing new windows and doors to match the home's original gilded style. 'It's just a very timeless special house,' said Gordon. 'It takes a unique buyer that really appreciates a house that's been restored from the 1920s.'
