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Daily Stock Picks

No more Silicon Valley Bank so what banks are on sale that will be fine? 3-13-23 Market update

Mar 13, 2023
41:38

$SIVB is no more. There are a ton of banks below that are down in this market so choose wisely - $XLF is crazy - $BAC $C $GS $MS $WFC $JPM are all buys in this market.

Notes for the show are below some of the links, but I focus on $SPY $QQQ $WFC $BAC $FRC $SCHW $KO $META $ROKU $M $CLF $PXD $DVN 

In Mexico - the show is sponsored by $MELI - what a killer stock.

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NOTES


Look at Bond Rates in Fidelity

Jackson 

Hey Gary, hope you’re well. Great pod today! Just wanted to share some companies I’ve been buying recently. Some on your core list I believe. $BAC, $KO, $VZ (too cheap IMO), & $PENN because I think barstool acquisition will bolster them long term. Lastly, sold $NVDA & bought $TSM. This one I’m very curious on your opinion. Obviously buffet is out, but if you compare P/E between the two, $TSM is wayy more conservative.

$schw - plunged this week - customers are taking their money out and going to money market accounts that pay higher interest

It could be an opportunity to buy because these are very short term issues that will correct - nobody is shutting their accounts down

Banks to look at

$frc - was at $45 at 9:30am Friday - closed at $90 - after hours $77

$tfc

$pb

$kre

$pacw

$wal

$zion

$key

$sbny

$intu way down

$roku had 26% of their cash in $sivb that was uninsured

$podd replacing $sivb in the sp500

$meta could lay off an additional 13% of thr workforce according to Wall Street journal - again - they have a cost problem - $250 gap in target

$m under $20

$clf under $20

Tuesday - Feb cpi inflation report

Lennar earnings

Wednesday is Adobe

Thursday is fed ex and dollar general

$Intc was up for some reason - under valued?

$dpst is the triple levered bank etf

Biden to announce drilling in the arctic for $cop

Leon cooperman who I’m a fan of said we would be in a recession if nothing was done … he’s still thinking more things break - he thinks the fed is doing things wrong … this may be like England where they paused for a month

$FAS $faz

$gbtc with Bitcoin up 10%

Weekly stock pick $mrk

66% chance of no rate hike next week in thr market - bond rates are crashing

$vix is up to almost 30

Remember $uvxy?

$ZIM earnings beat - up 10%

$MARA

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