$PLTR earnings - $BABA later this week - 8-7-23 Market update

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$PLTR earnings - I like the stock long term

$BABA on Wed premarket - I think it goes over $100

Energy has been the play for the last month - tons of options in this space as oil price moves up and supply moves down.

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NOTES

Key point - I AM NOT the Weekly Stock Pick guy. That is Farooq and he lives in Europe. We have become online trading friends because I love his strategy and we message alot about the markets - but we are 2 separate people. :) 

Also - if you sign up for Trendspider - send me an email with the email you used to sign up with and I will send you the welcome letter 

A losing week. The nasdaq and  s&p down about 2.9% and 2.3%, respectively, marking their worst weeks since March. The dow finished the week about 1.1% lower

Of the 84% of companies in the S&P 500 that have posted their quarterly results, about four-fifths have exceeded Wall Street forecasts, according to FactSet.

Later in the week, investors will shift focus to the release of July consumer and producer price index data. Both are closely watched given their connection to the path of inflation and the health of the economy.

Warren Buffett and Berkshire Hathaway's $BRK.B equity portfolio is worth $353.4 Billion as of the end of Q2 up from $308.8B at the start of the year

Largest holdings

Apple $AAPL: $177.6B

BofA $BAC: $29.6B

American Express $AXP: $26.4B

Coca-Cola $KO: $24.1B

Chevron $CVX: $19.4B

This essay from warrior trading Ross Cameron was great too - https://www.entrepreneur.com/money-finance/how-i-turned-583-into-10-million-by-day-trading/456246

His results are not the norm - he trades the big movers in the pre market and early morning and plays the volatility with volume 

I like this article for all 3 stocks 

3 Growth Stocks to Buy in August Before They Skyrocket | The Motley Fool

$sbux $rblx $meli

For $jepi and $spyi fans (I own $spyi and it’s done well) 

JEPI Fans Take Note. There’s a New 10% Dividend Yield Competitor in Town

$nvda and $asml 

2 Semiconductor Stocks Set for Next-Level Growth Thanks to AI | The Motley Fool

My weekly stock pick is $jpm

https://a.webull.com/pUgte9iTQnfaDYFiks Webull sign up

$ftnt was down 25% - absolutely crushed - this might be a good opportunity 

Remember - oil will go higher with Saudi and Russia output cuts 

Companies like $DVN $PXD $OXY $XOM $CVX $MPLX 

$boil again 

$tsn again missed - crazy how bad it’s been - down 15% ytd 

$pltr earnings after close today 

$MPW before the bell tomorrow

SCANS

$OXY

$LAC

$UCO

$RKT

$SKT

$AMGN

$GILD

$BKNG

$RTX

If you have Trendspider - the energy sector is ripe with small caps that crossed up and may be good movers