Daily Stock Picks $AMZN pushing AI big in their cloud - huge for the stock - 6-23-23 market update
I bought $ULTA yesterday - I don't mind holding
I got out of $HIBS today at $4.22
PAID NEWSLETTER CONTENT THIS WEEKEND - this is only because I charged folks so if you want the paid content - subscribe today.
FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com
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/yNyte9iTQnfaDYFHdv
Support the podcast - HERE
Social Links and more - https://linktr.ee/dailystockpick
NOTES
People have shown up to review so thank you
I am going to start paid content this weekend with a weekly instruction email that will be sent to paying newsletter subscribers. It’s only fair. I’ll start with sending out details on the moving averages I use and why I use them.
$hibs - I will get out today - better trade would have been $srty
My return history on fb with the graphic
Note about PE and YTD returns on www.dailystockpick.substack.com
I bought $ULTA - $ELF is one that was discussed when I was chatting on YouTube about it yesterday. This one has skyrocketed and I’m not a huge makeup guy so it’s hard for me. Sherry has chosen both $ULTA and $ELF and sent me this link to a video .
https://finance.yahoo.com/video/e-l-f-beauty-stock-144251067.html?contentType=VIDEO
$EL is also a cosmetic brand that’s big in China
$AMZN $UBER and $META are all crazy good momentum right now according to Evercore.
$lng under $150
$amzn big play in ai space boosted it - putting $100m in to an AI partnership that will focus on bringing AI to their AWS cloud customers. Essentially the customers will have access to AI, teams that work with AI and everything to enhance their businesses if they use the AWS cloud. This differentiates them from Google and Microsoft Azure - HUGE game changing.
$JEPQ might be a good one - this one gets the $QQQ covered calls
Remember that on a pullback I like $spyi - I will start a TrendSpider watch list for these covered call etfs
$ORCL not a crazy valuation with AI
But insiders have been selling close to $800M of shares since it’s at all time highs
Motley Fool added $SHOP - in the FB group I posted the text in the article. The 10 stocks they indicate should be in any portfolio are
$ABNB
$PAYC
$SHOP
$TSLA
$TTD
$AMZN
$AAPL
$DIS
$IDXX
$NVDA
ChatGPT portfolio has been silent - it’s back live - but some comments are investors who have been in for 3 months and it’s only halved the S&P in a bull market.
https://twitter.com/chatgpttrader?s=21&t=7y4v-tHaIEzjLo4Lw72X7g
Interesting that this week it picked $SH - an inverse S&P ETF
$RBLX under $40
$DIS under $90 - it’s tough to recommend but they are just beaten down.
$PXD under $200
$TSM almost under $100
$UBER - I don’t think it will get under $40 again
$pltr on the pullback
$baba under $90
$sbux under $100 but they are having a barista strike today
$kmx on earnings - $cvna
$MMM settled their forever chemical lawsuit but there are still a ton of them open. This is just the one that’s linked to water utilities. I still don’t like this company.
$BA - if you’re in this and you bought under $200 - I would sell it and wait for it to hit. Spirit Aerosystems who makes the fuselage is on strike and stopped production. It’s shocking it wasn’t down more. 80% of workers rejected the contract so it might go on long
$f will cut jobs … this could be a huge catalyst if they get costs in place
Brandon with $IONQ - this one has been NUTS - use the 65 min algo
$pbr for Highway on fb - the on the tape podcast had this on it and they are long this one based on valuation
$PYXS for Reed on FB - it’s a Nancy Pelosi stock
SCANS
$UNH
$ATVI - filling the gap to $85