Daily Stock Picks $NVDA earnings are tomorrow - play $NVDL and don't forget $SMCI - 8-22-23 Market Update
Sorry I missed the newsletter yesterday, but I had 3 wisdom teeth removed. So I included a video newsletter so you can see the fun.
So I was not in any mood to write, watch the market or trade. I didn't want to miss talking about tomorrow's $NVDA earnings though so while I'm still on a morphine timed release pain killer - I'm all in! Be sure to sign up for the newsletter and I mentioned before - I LOVE WEBULL!
Social Links and more - https://linktr.ee/dailystockpick
Follow along with all my trades and journal your own here - https://savvytrader.com/Dailystockpick/2023-trading-portfolio
FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com
I love Webull - Sign up here and get FREE STOCKS
SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG $20 off your first month - only $5 for the first month
Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93
Sign up for Webull and get free stocks like I did - https://a.webull.com/yNyte9iTQnfaDYFHdv
NOTES
I cut out notes that are now exclusive to the newsletter only
$panw - beat eps and in line revenue - guided a little light but nothing like $ftnt - cfo said billings don’t show the strength they expect
With the pullback - get it - we’ll within $300 price target with these earnings
Dman said
I'd take a look at $HE. I sold some puts yesterday on it. I think it's a safe play for the stock too long term.
Top 5 Things Every Trader Should Be Watching This Week...
This is for vro on $amc
This is a great video about trading in penny stocks and how the bid ask spread and low volumes are why they can be hard to lock in gains
$DKS - earnings were good - but shrinkage or theft is HUGE and they had a major write off - they said it will get worse before it gets better. It’s down 20% on that report
$M - good solid earnings - popped initially but same store was down 5%. I like e-commerce on $M - try it. With their stores they make it VERY simple for older folks and younger folks who like a mix of e-commerce with a location to take things back or exchange. One of the best.
$NVDA - I think it’s going to $500 on earnings. The analysts are taking up the price targets before tomorrow’s earnings based on their sales. Remember - $SMCI will pop on it too. You could play $NVDL as well if you’re a short term trader with belief
$ZM - they beat their earnings CRAZY - they are saying big business is still signing up. Their new products and services offered (phone - cloud PBX system) which has grown and other solutions that are keeping people signed up
$LOW - good earnings - might have more opportunity than $HD - I’m just not a big believer in either - $HD is more professional and $LOW is more consumer
This is an interesting problem that may be popping up in the banking sector. Specially $SCHW - which I think has pullback written all over it.
https://twitter.com/FinanceLancelot/status/1693738125179191626?s=20
SCANS
$DVN
$QCOM
$MPLX
$TSLA
$CLF
$IGM
$XLK
$CHRD
$TECL
$TARK
$ARKK
$ARKG
$RIVN
$XPEV
$ZS
$ADBE
$TTD
$QCOM
$GM
$MDT