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Daily Stock Picks

$MSFT $GOOG $META race for AI dominance - Market update 4-26-23

Apr 26, 2023
49:16

$FRC is dead - $MSFT hype for AI worked - $GOOG has a huge buyback and a special look at $SPY 



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NOTES



Earnings beats - strong consumer from visa including international travel boost- strong guidance - inflation coming down - bond rates below 4% - it all adds up to the potential the fed doesn’t have to raise (I think they will) and maybe we have a soft landing and they may have to cut rates soon 


$SPY - just got out of the 4hour algo with a 3% gain - $420 is resistance - get over that and $470 is the next resistance which is 11% upside which is huge. The lower support on the ascending wedge is $385


Gene Munster (like the cheese) on the $goog and $msft calls 


Comparing tonights $GOOG and $MSFT earnings calls.

When the topic of AI has come up, it feels like Google management is drinking tea and Microsoft Red Bull.

GOOG stock is up 1%, MSFT up 9% in after-hours.


Google’s AI tone is optimistic, measured, put the customer first, do it right, and light on details besides AI search.


Microsoft is talking up about how much they're integrating AI into many products in the near term, try it out and see if it works.


#GOOG Google Cloud Revenue up +21.9% YoY, Search Revenue up +1.8% YoY


$msft is up so much because of azure cloud and the guidance 


$goog has a huge buyback 


David yocum - go look at the chart on Twitter 


$QQQ getting rejected off of its ATH AVWAP for the second time.


Last time, the Q's lost 25% of its value within 75 days.


Will history repeat itself?


$crwd for Lena on Facebook 


$amd for chati on Facebook - I like $qcom for ppl who want less volatility 


Earnings

 Today $meta 

Tomorrow - $amzn 

Friday - $xom 



$frc is on life support - the bank needs cash like $svb but bank management doesn’t want to be bought at this price. If it goes under - shareholders will be at $0 so be careful 


$pacw like I said yesterday - good gamble - up 20% because deposits are safe 


$aapl getting in the ai hype with an ai powered health coach through Apple Watch 


If $AAPL breaks $162 support - I think we may see it go to the $150’s before $170’s 


Oh … and did you sign up for apple savings at 4.5%? I did 


Regulator in uk blocked $atvi deal with $msft - they can appeal but it looks like a straight no out of the uk so there the deal looks to be off - if it gets too messy and too expensive $msft may be out - $atvi is saying they will appeal 


Remember - there’s a $3b break up fee $msft will pay - and pre deal this was a $50 stock 



$ba beat and reaffirmed guidance - including 737 production will be 37 per month later this year (at 31 per month now) 


$ENPH - very poor results and guidance - it’s over Johnny!


2 stocks - $UBER under $30 and $RBLX under $40


SCANS

$SPOT

$SBUX

$EBAY

$DUK


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