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Daily Stock Picks

$MULN moving - $MARA - get out by 7/27 - $AAPL pullback - 7-6-23 Market update

Jul 6, 2023
49:23

$MULN - $25M buyback and $250M cash on hand - $.36 price per share target

$AAPL - at some point $AAPD makes sense

$TSLA - up to $300

$META - I'm on Threads and posting - this is a $400/share stock


China stocks in focus too


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NOTES


June adp payrolls up 497k…. 220k was expected - more fed hikes - so the market reacted downward 


Bond rates went up and the 2/10 inversion is wider than ever now - again a signal to a recession that’s been inverted since last March 


Jobless claims in line at 248k vs. 245k expected - continuing claims lighter than expected. 


I signed up for thread and $meta stock will go to $400 now - it’s already got 11 million customers in first several hours - it’s a total Twitter clone 


$META launched Threads - this is huge if they can take even a small amount away from Twitter. If Meta does this right - moves $META to a $400 stock



$BAC under $30 and boosted dividend 


I posted $SEDG and $PYPL in the Facebook group - but if you have Trendspider - look at them yourself 


$TSLA to $300 - all time high trend line 


If sellers are going to try to step in front of this train, the $300 area looks like the spot to do it:

 All-time high trendline

 61.8% Fibonacci retracement

 August 2022 highs


Ziptrader last night recommended $MARA - well the algos have both been in this for a while with it still confirming over the 9 day on both the 4hr and 65 min Lagos

Charlie went over $mara $riot and $hut and their differences 

If the sec approves one Bitcoin spot etf - miners will follow up 


July 27th - voting to dilute themselves from 200m to 500m - don’t hold through this 


$MULN - running - company hired lawyer for short selling and announced a $25m buy back of shares since they have $235M of cash - that would mean it would be worth $.36 per share with just the cash. 


From David yocum on twitter 


$JBLU has been a monster breaking from the its lower base.  It is now testing more key levels as $JETS continue their move.


https://twitter.com/yocumscharting?s=21&t=7y4v-tHaIEzjLo4Lw72X7g



Highway likes $RIVN so let’s look at it. 


Brandon - emailed 

Could you review your thoughts on ticker symbol $RE


Fatima on Spotify asked me to go over Chinese stocks 


Douglas on Spotify wants $dg 



$TGT Target alerted a TW Pivot buy signal at the end of last week, will we see a bounce off the pre-COVID highs?


https://share.trendspider.com/chart/TGT/29883obklbe


1 Cathie Wood Growth Stock Down 41% You'll Regret Not Buying on the Dip | The Motley Fool


$MELI


I agree


https://markets.businessinsider.com/news/bonds/quantitative-tightening-qt-qe-federal-reserve-balance-sheet-global-liquidity-2023-7


Goldman Sachs Reveals Winning Portfolio: 'Rule of 10' Unlocks S&P 500's Future Top Performers

Benzinga

FULL ARTICLE IN THE NEWSLETTER


From 2013 to 2019, the seven largest publicly traded technology companies have seen their sales increase by an impressive 15% compound annual growth rate (CAGR). They are:

  • Apple Inc. (NASDAQ:AAPL)
  • Microsoft Corp. (NASDAQ:MSFT)
  • Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL)
  • Amazon Inc. (NASDAQ:AMZN)
  • Meta Platforms Inc. (NASDAQ:META)
  • NVIDIA Corp. (NASDAQ:NVDA)
  • Tesla, Inc. (NASDAQ:TSLA)

The rest in the newsletter

Apple's $AAPL stock performance each full year since going public in the newsletter


Scans

$PEP

$PYPL

$META

$ALB

$ARCH

$LMND

$RKT

$KWEB

$PDD

$JD

$AMGN

$ZS

$ABNB

$DXCM

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