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Daily Stock Picks

Earnings week for $MSFT $GOOG $META and 30% of the S&P - 10-23-23 Market Update

Oct 23, 2023
53:00

30% of the S&P reports this week, but with bond rates rising - just be careful. The scans at the end of the episode are key here.


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NOTES

Dow futures tumble 200 points on Monday as 10-year Treasury yield tops 5%:


$spy going below 200 day 


$QQQ has about 4.5% to go to get to the 200 day. 


https://share.trendspider.com/chart/QQQ/189462w6dya




Look at 2yr vs 10 yr spread on seeking alpha 


30% of S&P 500 companies are due to report earnings this week

Investors are gearing up for the busiest week of earnings season, with 30% of companies in the S&P 500 slated to report.

Tech titans GOOG & AMZN are slated to release earnings after the bell on Tuesday. META is due to report on Wednesday, and AMZN on Thursday.

Three key industrial companies are also reporting, starting with 3M and GE on Tuesday. BA is set to follow on Wednesday before the bell.

With GM reporting on Tuesday and Ford on Thursday, investors will also gauge the economic impact of the United Auto Worker strikes.


Magnificent 7 to hold


Bitcoin almost $31k - $MARA or $COIN would be the play for a bitcoin ETF


Crypto-focused stocks rose in premarket activity on Monday as Bitcoin surpassed the $30,000 threshold on hopes that the Bitcoin Spot ETF will finally be approved by the US Securities and Exchange Commission (SEC). Notably, among the top gainers were Riot Platforms +4.4%, Marathon Digital +5%, MicroStrategy +3%, HUT 8 Mining +7%, Bitfarms +4%, CleanSpark +6%, and Bit Digital +4%.




Leon cooperman is my fav billionaire 


https://markets.businessinsider.com/news/stocks/leon-cooperman-stock-market-outlook-house-prices-forecast-billionaires-2023-10


$tsla thread that’s great 


https://x.com/garyblack00/status/1716191007761420406?s=46&t=7y4v-tHaIEzjLo4Lw72X7g


$cvx buying $hes for $53b in stock which would be $171 more per share - $hes is down because its near nothing for premium - its an all stock deal and should give cash flow that gets back to shareholders through buybacks and dividends which both were raised 


SEEKING ALPHA ARTICLE




I sold $sedg - no point in staying in a stock with decreased demand and cancelation of orders 


Social requests


Scans


Went over on Friday how negative levered ETF’s all had cross ups


Absolutely NO stocks on the 4 hour show a bullish trend - so I did scans using other strategies 


$SBUX - inverse head and shoulders breakout

$MCD - Daily MacD cross up

$CVX - Daily MacD cross up

$VZ - Daily MacD cross up

$CL - Bullish Engulfing Candle

$ABT - Bullish Engulfing Candle

$AMGN - Daily Bullish Hammer


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