Daily Stock Picks $META earnings tonight - 10-25-23 Market Update
Grab $GOOG on weakness - grab $META before earnings - $AMZN has upside as well and reports tomorrow.
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NOTES
$HSY rant yesterday I went off about M&M’s - well M&M’s is Mars… not Hershey - but I saw that cocoa is up 45% YTD so all these candies are way up this year.
Angry old Man alert for Peanut M&M’s
https://youtube.com/clip/Ugkxmam0fWgoSq2qoJugP9ik-H3GQ_hF2plo?si=1Vtmp1EtE6Lm6eE5
$aapl event titled “scary fast” - most likely the m3 chip
$gm - cruise is suspended in ca - the state is saying $gm misrepresented information - so they cannot use robo taxis
$goog cloud didn’t grow as expected
Alphabet (AKA Google), whose cloud revenue came in worse-than-anticipated and overshadowed its overall positive results.
GO TO THE NEWSLETTER FOR MORE ANALYSIS
$msft cloud up and killed it -azure cloud up 29%
Microsoft, which reported $2.99 in earnings per share on revenues of $56.52 billion. That exceeded estimatesof $2.65 and $54.50 billion.
GO TO THE NEWSLETTER FOR MORE ANALYSIS
Read about both in the Stock Market Nerd’s newsletter.
https://www.stockmarketnerd.com/p/microsoft-and-google-earnings-reviews-932
$snap possible 35% in 5 min
https://share.trendspider.com/chart/SNAP/189465qzoee
$SPOT earnings killed it turning a profit
CFO Paul Vogel called the quarter “an inflection point,” saying he expects profitability to continue into the fourth quarter and into 2024.
shares rose 10% on the day, looking likely to challenge their year-to-date highs in the coming days. With the stock up more than 100% year-to-date, investors will be looking for the next catalyst to drive further gains.
$BA earnings - up 3% in premarket
Social requests
$EXPI
Real estate agency that’s cloud based. PE is CRAZY at this price, but the volatility is what you want to trade.
SCANS
$DKNG
$RBLX
$CLF
$BA
$UBER
$SCO
$ARKG
$ABNB
$ARKW
$BABA
$FUBO
$CCL - just a slide - but don’t be fooled - it could go down more
$PDD
$NKE - Love this rebound
$MELI
$GE