Daily Stock Picks $NVDA - sold at $500 - adding more - 8-24-23 Market update
I bought a bunch yesterday including $NVDA $SMCI and $SHOP. It's a good podcast but make sure you get the newsletter for details.
Social Links and more - https://linktr.ee/dailystockpick
Follow along with all my trades and journal your own here - https://savvytrader.com/Dailystockpick/2023-trading-portfolio
FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com
I love Webull - Sign up here and get FREE STOCKS
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/gGlte9iTQnfaDYFa4S
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
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