The hottest stock in the market just pushed to new all-time highs.
And one catalyst this week could push it even higher.
It’s part of The Magnificent 7…
5 of the Mag 7 are scheduled to report earnings this week. And the resulting volatility could lead to our biggest trading opportunity of the month.
At the end of 2024, the Mag 7 made up roughly a third of the S&P 500’s total market cap. In 2025, they drove more than 40% of the index’s total return.
These 7 stocks essentially ARE the market. Which means we HAVE to pay attention.
Here’s what the earnings calendar looks like this week:
- Alphabet Inc. (NASDAQ: GOOG): Wednesday, April 29, after the bell
- Amazon.com Inc. (NASDAQ: AMZN): Wednesday, April 29, after the bell
- Meta Platforms Inc. (NASDAQ: META): Wednesday, April 29, after the bell
- Microsoft Corporation (NASDAQ: MSFT): Wednesday, April 29, after the bell
- Apple Inc. (NASDAQ: AAPL): Thursday, April 30, after the bell
Four announcements drop on Wednesday, all on the same night. Then AAPL closes out the week on Thursday.
This kind of concentrated earnings firepower doesn’t come around every month…
And right now, one Mag 7 stock is already responding to the optimism, pushing to levels we’ve never seen before.
I’ve got it in my sights, and I’m ready to pull the trigger.
Why NVDA Is the Trade of the Week
The stock already making a move is NVIDIA Corporation (NASDAQ: NVDA).
It just spiked to new all-time highs. Right before the rest of the Mag 7 stepped up to report:
Earlier this year, the stock consolidated during January and February, until the fakeout breakdown in late March.
After it briefly dipped below support, it surged day after day in April until it pushed to new all-time highs on April 27.
Here’s why NVDA matters so much this week, even though it doesn’t report earnings until May 20…
NVDA is the backbone of the AI trade. Every time Alphabet, Amazon, Meta, or Microsoft talks about AI infrastructure, data centers, or GPU demand, they’re talking about NVDA’s customers.
These earnings reports are essentially a real-time report card that shows AI spending across the biggest companies in the world.
Strong AI commentary from the Mag 7 this week? NVDA likely pushes higher.
Disappointing guidance or a pullback in data center spending? NVDA could gap down overnight.
The data hitting the market on Wednesday and Thursday night will paint a clear picture of where the AI sector stands.
And NVDA’s ready to swing in either direction.
How I’m Trading NVDA This Week
I want to be clear about my approach here, because there’s a right way and a wrong way to trade this kind of volatility.
I’m not holding through any of these earnings announcements.
Nobody knows what the data will say, or how the market will react. I’ve seen stocks beat earnings expectations and still drop dramatically.
Likely because the market already priced in the earnings beat, or it wanted an even bigger one.
The opposite happens too. Stocks can spike intraday after a poor earnings release.
I’m not guessing which way the price will move. Instead, I’m waiting to identify a direction and then trading with that momentum.
Here’s my process:
I set my chart to 5-minute candles. That gives me enough data to make good trade decisions without getting sidetracked by outlier momentum.
From there, I look for two things:
- The direction of the stock.
- A key support or resistance level to anchor my entry.
See the pattern demonstrated here.
I find some of the cleanest trade setups the morning after a big earnings announcement.
The dust settles, a direction emerges, and the price action starts to follow a noticeable narrative. That’s when I want to trade.
Here’s what the setup looks like once I’m in:
My initial stop loss triggers if the position drops 25% or more. Since I’m targeting 100%+ on these intraday options plays, that risk/reward gives me enough wiggle room to wait for gains without risking too much.
But once the trade starts to work and I take my first profit, the stop loss moves to break-even or within $0.05 of it.
Take gains and protect those gains.
Winners can quickly become losers in this environment. That’s why I move my stop loss up after I lock in profits.
Don’t be afraid to sell a stock “too soon”. We can always get back in with fresh eyes and a better entry. The stock will still be there.
Patient people take money from impatient people.
Wait for your setup. And when it shows, act without emotion. Follow the plan.
This week gives us everything we need: massive catalysts, extreme volatility, and a stock that’s already showing us where the Smart Money wants to go.
This is the week to lock in.
Be good (and be good to others),
Ben Sturgill
*Past performance does not indicate future results. Not typical.