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Daily Stock Picks

$NVDA - sold at $500 - adding more - 8-24-23 Market update

Aug 24, 2023
51:12

I bought a bunch yesterday including $NVDA $SMCI and $SHOP.  It's a good podcast but make sure you get the newsletter for details.


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NOTES


$SPY with a cross up at $443.23 - this could be a catalyst with $NVDA saving the day


https://finviz.com/published_map.ashx?t=sec&st=d1&f=082423&i=sec_d1_084896030




Bought $SHOP at $56.60 and $56.20


Bought $SMCI at $278.60 - I wanted to buy something other than $NVDA and I like this to fill the gap 


$SMCI went nuts and bounced back


$rivn dipped under $20 which I think is a good long term buy 


$mara up 7% 


$nflx - Shares climbed 5.4% after Oppenheimer reiterated the streaming giant’s outperform rating, noting that there’s a path back to double-digit revenue growth.


$meta - Shares of the tech firm gained 3% after Bank of America reiterated its buy rating on the stock. The Wall Street firm said the stock could see “renewed enthusiasm on 2024 upside potential.”


Oppenheimer pushed $nflx target to $515 with them monetizing target - I’m all in 


$MULN


https://finance.yahoo.com/news/mullen-ceo-david-michery-publishes-183200157.html



Earnings

$ADSK - came in strong - up 7% on earnings

$SNOW - beat $.22 vs. $.10 expected - and beat on revenue - guidance slightly lower - went down 2% on reporting - went up 10% after more info came out - it’ll get to $180 again



$SPLK - beat earnings and was up 8% 

$NVDA - blew it away - absolutely MONSTER - made it to $500 




$13.5 billion


Let’s remember that *three months ago* they hiked guidance from $8B to $11B


Their revenue *last quarter* was just $7.2 billion. 


So this company almost doubled in size…in 90 days’ time. 


That’s the AI boom. And with Chinese demand handicapped!! 


$NVDA


$GES up HUGE after reporting - retail is just a crap shoot 


Sold half my retirement $NVDA at $510 - I will buy more on the inevitable dip


$NVDL was a CRAZY good trade if you took it - a nice 20% on the daily if you timed it. 


$pltr 

$fsly 

$ai 

$tqqq 

$meta back over $300



Of the 5 things to watch for this week - Jerome Powell in Jackson Hole is the only thing left to happen. 


$ljim is shutting down because inverse is so good -https://markets.businessinsider.com/news/etf/long-jim-cramer-etf-shuts-down-investor-assets-ljim-sjim-2023-8?utm_medium=social&utm_campaign=markets-sf&utm_source=facebook&fbclid=IwAR3P0ZSSujjIYuJGilGYRzA4Z1mTlWVfatSniiQ-Oz0Dx6ZnJPGcbIvi1CI_aem_AWtLuKnclFu1NGKDJ_cJcSLrQP4okXZ5sAr4k_5vZSljz1p9JkD5NiTr1qvxt06b1lU&mibextid=Zxz2cZ


Tonight earnings - $AFRM $ULTA $MRVL $WDAY


Social 

$sedg for Quinn and me 


Webull - https://a.webull.com/iHwte9iTQnfaDYFVxv


I like all 3 and the reasons behind them - $meta $orcl $tsla 


Prediction: 3 Unstoppable Stocks Set to Join Apple, Microsoft, Amazon, Alphabet, and Nvidia in the $1 Trillion Club by 2030 | The Motley Fool


Great article on $vti vs $voo


https://www.forbes.com/advisor/investing/vti-vs-voo/


Want to see the bad stuff in the market? 


Macro Sentiment Says Sell VOO Before September - Seeking Alpha


Scans

$GOOGL

$AMD

$XLY

$VOO

$GOOG

$META

$DRN

$URTY 

$UPRO

$SPXL

$XLRE

$XLC

$XLI

$XLB

$ABNB

$FUBO

$MU

$BABA

$DAL - will cover gap at $46 at some point

$IBM

$INTC

$ADSK

$DXCM - I like it here on the cross up



Covered Call ETF entries

$NUSI

$SPYI

$JEPI

$XYLG

$QYLG


Vanguard ETF entries

$VNQ

$VEA

$VB

$VOO

$VIG

$VBK

$VO

$VTI

$VXUS

$RSP

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