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Newsletter update - GREAT ONE FROM YESTERDAY - Go and subscribe at dailystockpick.substack.com
$SPY and $QQQ - OFFICIAL BULL MARKET
$TSLA going
3 insider sales from $NFLX $PANW $AMD - plus a BIG runner of over 200% now has insider sales
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NOTES
Tuesday is cpi
Wed is Ppi and fed - Fed likely to pause on wed - 72% chance that the market has priced in .
Thu is jobless claims
3 big insider sales - Reed Hastings on $NFLX (over $10million) and $PANW CEO (over $120M)
$AMD Lisa SU (CEO) sold over $36M worth of shares
$SMCI Super Micro Computer's CEO and other executives sell more that 50% of their shares after a +200% move YTD.
$TSLA - 11 straight days of positive gains for the stock - golden cross - macD and RSI stretched - the gap is only slightly above - Long term trim - short term - trim - but hold for long
What are gaps - investopedia - https://www.investopedia.com/articles/trading/05/playinggaps.asp
$baba for aiden from instagram
$ma for max on instagram
Butch from fb
Can I get your thoughts on DISH ?? A friend asked me about it a few days ago. I’m from the UK and don’t know how big this company is over in the US but it’s MC is nearly 4bn 👀 Current market price is sitting on a volume shelf with a small area of support at 5.95 where it double bottomed. Below that area it looks very frosty and there’s been a small but steady decline in revenue over the last few quarters. I don’t like the chart but I’m intrigued by the insider buys. One Director has been scooping up shares this year 👀👀 You have to wonder why … 🤔🤔 really low P/E and an intriguing forward P/E too. Not sure if it’s forward P/E is a bit irrational given it’s current P/E 🤔. If it can flip the 8.34 area I think it could rip. But it looks like it could struggle to get there…
There has also been recent rumour of a partnership to help pay for its 5G network rollout. Amazon was mentioned but there has been no further news.
I think the rate hikes have hurt this stock. I don’t think we have too much further to go in the hike cycle which could be bullish for DISH.
Unsure on this one but there’s a few things that intrigue me….
Would love to hear everyone’s opinions …
$dg for butch too
$pdd for Melissa on fb
My weekly stock pick is Boeing $ba
SCANS
$UNH
$SCO
$SARK
$HSY
$ADBE - EARNINGS this week too - and if you haven’t seen their integration of AI in to their consumer photo/video projects, this is a stock that will be a monster.
$NFLX - even with the insider trade - it’s got a huge secondary cross up
$TMUS - this could be the catalyst that moves it back over the 200 day.
$BLK
$ORCL - earnings are coming - it’s run so much