$SPY - lower highs - but is this a turnaround? - Market update 2-27-23

Notes for the show are below some of the links, but I focus on $SPY $BOIL $KOLD $LUNR $CHRD $OXY $DVN $PXD $NVDA $MELI $SQ $COST

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NOTES

$mrna - price target cut to $93

$et - huge insider buy on Friday

Ryan from Facebook said he likes $ctra as well with their $2b buyback

$pxd is buying $rrc

$amzn is close to its covid low - the $spy is 80% above its covid low

$tgt implying an 8% move on earnings based on the options market - reports tomorrow

$lft for Sam on Facebook

$wmt insiders dumped $750m in stock last week

Weekly stock pick is $mrk

$spy chart has lower highs and lower lows

When you hear about the spread - 2 year is close to 5% and 10 year is just under 4%

$Pfe to buy $sgen which is way up - deal worth $30b

$unp will get a new ceo and is up

Use finviz to look at S&P dividends

$BOIL has more confirmation - but be careful - above $6 is where it started to pull back before - look at monthly

$NFLX video this week

SCANS

$SQ

$DVN

$NVDA

$FANG

$CHRD - Declared a base-plus-variable cash dividend of $4.80 per share of common stock. The dividend will be payable on March 21, 2023 to shareholders of record as of March 7, 2023

$MELI

$INTU

$ORCL