Daily Stock Picks $AAPL - is it buy the dip time? 9-7-23 Market Update
$AAPL - China is restricting iPhone usage by govt officials. Big move that could hit their earnings. Remember - at the center of the ecosystem is the iPhone.
$AMZN - could the FTC lawsuit hurt or help the stock?
I love Webull - Sign up here and get FREE STOCKS - https://a.webull.com/iHwte9iTQnfaDYFVxv
Social Links and more - https://linktr.ee/dailystockpick
Follow along with all my trades and journal your own here - https://savvytrader.com/Dailystockpick/2023-trading-portfolio
FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com
I love Webull - Sign up here and get FREE STOCKS
SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG $20 off your first month - only $5 for the first month
Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93
Sign up for Webull and get free stocks like I did - https://a.webull.com/gGlte9iTQnfaDYFa4S
NOTES
Yesterday was a case of rising rates and another reset of risk - $SPY $QQQ
https://finviz.com/published_map.ashx?t=sec&st=d1&f=090723&i=sec_d1_063636502
$aapl - China iPhone restriction may extend past govt employees so this will affect iPhone sales in China. It’s clear the China risk is not priced in to this stock. 1/5 of revenue comes from China so this is a huge hit. This is not a normal dip so this could bring that gap in play
$AMZN - FTC lawsuit coming - should you worry? I don’t think so - Lena Khan hasn’t won these suits and
$ai - weak earnings and pulled back on forward estimates
$ionq - almost at $20
$dxcm took off
And $gme went up - narrows losses and no new executives announced.
Damon asked about tools and how to pick them. https://a.webull.com/NcHte9iTQnfaDYFC8d - Webull desktop I really like more than active trader pro - it might replace ATP
Social request
From Spotify - Tristan $jupw
Huge short interest and they are a target so that’s the reason it’s going up
Scans
$SDS
$SPXU
$SDOW
$DRV
$CHWY
$RCL
$DLTR