Daily Stock Picks $TSLA FSD and $SPY inside week - 8-28-23 Market Update
Tesla FSD V12 is an amazing leap and propels Tesla hugely not only in the car business, but in the AI business.
I love Webull - Sign up here and get FREE STOCKS - https://a.webull.com/iHwte9iTQnfaDYFVxv
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
TrendSpider Labor Day sale on Wednesday
Hey Gary,
Labor Day is just around the corner, and TrendSpider will be back with some of our hottest deals on all plans starting this Wednesday, August 30th! Deep discounts of up to 65% off are available for customers who sign up for a FREE 7-day trial during the sale period, with an extra 5% off when pre-paid.
Labor Day Sale Details:
Wednesday, August 30th - Monday, September 4th
An amazing episode on what to expect and when to buy stocks
https://open.spotify.com/episode/4kAiaQqNQci3KJNpbCvsw8?si=4-DkK54FQEeVSUp5mj7IMQ
Tony Dwyer said - buy when good news is good news … he expects a very large pullback but expects the fed to backstop and swoop in to lower rates which will make the market explode
Want to read a summary? https://app.scribbler.so/s/running-on-empty-with-tony-dwyer/clltvwnjz0003ramcll4vxw4g
One thing they said that stood out to me was the future earnings of the S&P even the most bullish ones indicates a 5% growth. So they were questioning whether the market was discounting anything, but it seems why would you take a risk on the S&P vs. just getting 5% on a virtual risk free treasury bond?
$spy There have been just seven other inside weeks for the S&P 500 in the last two years...
The following week was green 86% of the time with an average return of +1.11% $SPXL next week
$NVDA - note about buyback - NOTES IN THE NEWSLETTER
Good article on $nvda - valuation is always mentioned but if they grow like they have been that valuation comes down while the stock grows
https://www.fool.com/investing/2023/08/26/1-green-flag-for-nvidia-in-2023-and-1-red-flag/
A good example of the AI hype is $MRVL with their latest earnings closing a gap that was created on the AI hype of their last earnings
$tsla - fsd version 12 is pretty incredible. Elon live streamed it on Twitter and here’s a link to it.
https://x.com/elonmusk/status/1695247110030119054?s=46&t=7y4v-tHaIEzjLo4Lw72X7g
It’s not great quality and if you want to watch a summary - here it is
https://youtu.be/ZI7-Swmuo4A?si=3nsG-zLzVQDgtuwd
Realize that pre version 12 was all human code and v12 is now trained ai by video and it’s a huge improvement on almost everything.
NOTES IN THE NEWSLETTER
Great thread that you should look at
https://x.com/brianferoldi/status/1695761014891917465?s=46&t=7y4v-tHaIEzjLo4Lw72X7g
$TGT Target CEO Brian Cornell sells another $3,921,135 in shares with the stock trading into multi-year lows...
Doesn't exactly instill confidence in investors.
$tWnk bought and soared
Value today of $100 invested 10 years ago:
https://x.com/jonerlichman/status/1695814532004810963?s=46&t=7y4v-tHaIEzjLo4Lw72X7g
https://youtu.be/BF8PCc0FE8E?si=rRN-M13zlYjsqffW
My weekly stock pick is $csco - this is a very reasonable valuation of big tech
Social request
$ttt for Dave from YouTube
SCANS
$MPLX
$KO
$BAC
$GS
$MS
$FANG
$UMDD
$DPST
$XLP
$FVRR
$NIO
$SMMT
$PG
$INTC
$MMM
$DOW
$ENPH
$JD
$PAYX
$DUK
$SCHW
$CL
$C
Covered call ETF entries
$RYLD
$QYLD
$XYLD
$DJIA
$DIVO
Vanguard Entries
$VYM
$VTV