Daily Stock Picks $SPY reaching resistance? I sold $PLTR - 11-16-23 Market Update
I sold out of $PLTR and plan on buying it back lower. I think it might pop to $25, but I'm locking in profits in my trades that don't have an anticipated catalyst.
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NOTES
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First time we hit 4500 on S&P was Aug 2021 and we went to highs in Nov 2021 and then down from there so this level might have some resistance
https://share.trendspider.com/chart/SPY/189461c5ovz
Fair Value of QCLN - Bard found the NAV (net asset value) is $39.19
Sold out of $pltr
$msft released copilot details and new chips - $nvda $amd down on that news
$m up 7% on the back of $tgt and then got an earnings pop as inventories and margins improved
$shop identified they used copilot to write 10,000 lines of new code
$mara over $10 again … you can sell if you’re taking profits
$csco earnings - crazy bad guidance - buy this one on weakness - initial reaction down to $46 - get it under $48
$panw earnings - beat but gave weak guidance on billing - being impacted by the cost of money - still think you can hold to $250
$wmt beat but guidance below estimates so stock pulled back
$baba earnings
All these stocks hit new 52 week highs at some point today
Microsoft $MSFT
Amazon $AMZN
Facebook $META
Costco $COST
Broadcom $AVGO
CrowdStrike $CRWD
Palantir $PLTR
Walmart $WMT
Intel $INTC
Lululemon $LULU
DraftKings $DKNG
Doordash $DASH
Digital Realty $DLR
Expedia $EXPE
Fair Isaac $FICO
Intuit $INTU
Gartner $IT
Micron $MU
ServiceNow $NOW
$NRG
Netease $NTES
Pinduoduo $PDD
Ferrari $RACE
Synopsys $SNPS
Toll Brothers $TOL
Vertiv $VRT
Zscaler $ZS
$cat bounce
Social requests
SCANS
$JNJ
$PFE
$EQT
$CHRD
$MRO
$UVXY
$XLU
$UPST
$CRSP
$SMMT - this was a huge insider buy from June
$FUBO
$WBA
$DLTR - could it fill the gap?
$WBD
$DUK
$CVS