Daily Stock Picks $CRWD and $OKTA earnings may have changed things - Good news is good news - 8-31-23 Market update
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The 3x levered ETF's continue higher this week. Earnings were good and we're seeing some good signs heading in to Sept.
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NOTES
Trendspider Labor Day sale - it’s only 1% pullback - but again - I would urge you - it’s only $350 for a year
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$VFS pullback on the 65 min - you will be in on the open
$spy and $QQQ on the daily have both regained the 50 day but the Aug pullback was good enough to maybe avoid the 10% pullback
Inflation - up .2% as expected
Tom Lee says sept will be a boom
Trendspider Golden Cross strategy -
$XLE
https://charts.trendspider.com/shared/64ac28b84d85120015310899?t=2
$SMCI moved up finally going to that gap
$boil
$SHOP - up 7% because Amazon implemented a buy now partnership with them on Shopify customer pages - https://finance.yahoo.com/news/amazon-shopify-strike-deal-open-232210599.html
Earnings
$crm beat and raised and they boomed so the multiple went down
$crm vs $msft 6 months is similar gains
$okta went nuts - beat and raised
$Chwy beat and popped but seemed to pullback
$crwd beat but their annual reoccurring revenue seems to have been flat and not growing
Stocks that are beating are going up now unlike last week
Oil dipped because China output went down with the assumption China won’t have big demand - get in - look at $xle
$chpt and $blnk
Two of the largest publicly held charging networks in the US, ChargePoint & Blink Charging, have less than a year of cash left.
$pltr downgraded by $ms but they raised their price target to $9 - I think buy more
$cost same store sales up 3% but e-commerce down 2% - this is what we’ve seen from other retailers post covid
https://x.com/dailystockpick3/status/1697217841274011848?s=46&t=7y4v-tHaIEzjLo4Lw72X7g
Social requests
Thanks Trenton for the cup of coffee via Venmo
Adam from fb
Is GNS a buy again w the last two day pullback?
Dman says $smg looks good
Gabrielle from fb
Hi Gary!
I
Yesterday I bought Roblox for a short term/swing trade. To me MACD seemed ready to cross, and maybe to fill that gap up to 36$.
What is your opinion about it ?
SCANS
$OXY
$PXD
$CRWD
$AMZN
$DIS
$LNG
$BTU
$BOIL
$HAL
$TLRY
$ABBV
$BKNG
$MRVL