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Barchart
Barchart
Josh Enomoto

Marvell Technology (MRVL) Stock Might Offer a Quick Bounce Before Earnings

All eyes will be on Marvell Technology (MRVL) when the integrated-circuits giant delivers its second-quarter earnings report on Aug. 27 after the closing bell. While major financial disclosures offer robust opportunities, they also carry significant risk. Even if the results are positive, the market may interpret forward guidance in a variety of ways, thus clouding MRVL stock.

Also, if I’m being honest, I’m not particularly enthused with Marvell’s volatility skew for the Aug. 28 expiration date. While the skew is of course subject to change day by day — and quite wildly in some circumstances — the current structure hints at a cautious approach by the smart money. Again, it’s difficult to interpret these matters but that’s not a high-confidence signal for MRVL stock.

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