Buy $TQQQ before the weekend - 5-26-23 Market update

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$TSLA and $F agreement

$TQQQ might be a worthy buy to hold over this weekend (normally I wouldn't say that)

$BABA might be a good one with future options being heavy

$SMCI - why I think it's a great trade but I couldn't find anything about it

Hopefully you listened. I think it's a $400 stock by the end of the year. 

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NOTES

$COST earnings - no membership increase - increased margins - but was just blah overall - I think you could buy assuming a membership price increase comes this year. 

$CRM earnings next week should be heavy on AI

$CRWD new 52 week high earnings next week look at the top price

$QQQ maybe by triple levered into next week before the weekend thinking there might be a debt ceiling deal. Closing about 12,600 tomorrow confirm additional rally… look at $tqqq and $sqqq 

100% win rate in July for $TQQQ and $QQQ so don’t bet against a rally

Got some questions about $SMCI - do your research. Some folks have told me they are in some way tied to the chip makers. While that may be true - I couldn’t find it and it’s a small market cap company that seems to have a bunch of different information even on FINVIZ. When I looked at FinTwit on the side it’s all retail hype. Options are out of control on this stock which is what’s pushing it higher and it might be a rug pull. 

$ARKK pulled out of $NVDA - part of why I don’t get back in 

$nvda had the 2nd largest market cap gain in S&P history - $184b just today 

$mrvl on their call said they are just starting their ai journey 

The problem that we are seeing with $nvda $amd $avgo $tsm $MRVL and other chip companies is whether or not we are seeing a similar supply chain issue where we have double and triple ordering now 

$NVDA chart - has to hold $366 for the next few sessions in order to create that low as support and the level to buy at. 

$tsla insider buy 

Also they announced yesterday on spaces that $f vehicles will begin using the tesla supercharging network beginning next year but until then there will be an adapter. This is huge for $f and it will be big for $tsla too 

$baba had huge options yesterday with huge interest in the July $100 calls - under $80 it might be a good swing with validation 

$PDD is flying

$ulta - probably an over reaction but really bad earnings

$BOIL under $3 in that $2 range that I predicted. 

Butch from Facebook 

Thoughts on $SNOW after earnings (which they beat) ? Price took a hit after slashing its outlook for 2024 amidst slowing growth for cloud services. Price sitting between 52 week high and 52 week low after a 16% drop 😩left a gap 176-158 🤔 price targets range between 150-215 🤔 

CEO also spoke about acquiring NEEVA to enable SNOW to utilise AI-equipped search products across its cloud services 🤔

And thanks. Great content and a daily ritual for me to tune in 👊🏻💪🏻

James from Instagram 

What do you think of $mvis! Also weed stocks such as $SNDL and $TLRY. Both part of the $MJ etf you’ve mentioned on your show

MOTLEY FOOL QUESTION? Which of these 12 Motley Fool recommendations -- all down more than 50% for us -- have the best chance of coming back and beating the market? And which don't?

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