Bank of America details the best hedge for a big stock-market move on Nvidia earnings [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
Bank of America shared how investors can hedge against the risk of Nvidia's earnings swinging the broader market. All eyes are on Nvidia this week as the company gears up to report its first-quarter results after the closing bell on Wednesday. The chip maker's earnings report could drive a big move in the stock market, both to the upside or downside, depending on how the results shake out. Current options pricing implies Nvidia will jump or fall 8.5% after its earnings results, which is markedly lower than prior Nvidia earnings releases when options traders were implying a move of of 14%-26%. That's because Nvidia and its successful lineup of AI-focused GPUs have had a massive impact on the earnings growth of the S&P 500. Over the past 12 months, Nvidia's earnings growth drove 37% of the S&P 500's earnings per share growth. But over the next 12 months, Nvidia's earnings growth is expected to drive just 9% of the S&P 500's earnings growth. This dynamic highlights the potenti
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