Margin - should you trade with it? - Market update 2-23-23

Notes for the show are below some of the links, but I focus on $SPY $BOIL $KOLD $CRM $BBWI $LUNR $EPSN $OXY $DVN $PXD $NVDA $MELI $SQ $BABA $RVLV $COST 

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NOTES

$BOIL - cross up on 65 min algo at $4.84 - I think the buy is $4 - cross up on 4 hour

$bbwi - Dan loeb and third point is launching a hostile proxy fight - stock popped on this - they are going in hard asking for audits

$crm - has 5 activists who are after them - it’s interesting to listen to people on this too

Thank everyone that signed up for visible - the podcast sponsor

$lunr went crazy on volume . The company did not appear to release any news or make any SEC filings on Wednesday.

Intuitive Machines made its market debut on Feb. 14, with shares finishing their first session modestly higher. The stock jumped 30% the next day and soared 250% on Feb. 16.

$epsn for Corey on Instagram

Epsilon Energy (NASDAQ:EPSN) shares reached a new 52-week low of $5.34 on Tuesday morning, moving down 0.73%.

Look at seeking alpha chart vs S&P

$oxy below $60 and $brk.b will report on Friday - this may just be a bottom so they may be buying more - this could be a catalyst

$QQQ chart from Trendspider

$MELI $SQ $BABA $RVLV all reporting tomorrow.

Comparing 2 share takers in semis -- Today's $NVDA Q4 earnings vs. $AMD's Q4:

$NVDA:

1) 53X forward FCF

2) 48X forward EPS

3) 68X forward GAAP EPS.

$AMD:

1) 24X forward FCF

2) 25X forward EPS

3) 76X forward GAAP EPS.

$nvda popped on beat and upped their guidance along with tons of ai reference … they saw tons of data center revenue - up 11% year over year

$mrna and $mrk just got approval to go forward with melanoma drug to go along with keytruda- extends moderna away from just covid

$baba solid earnings - $100 is the pivot and I’m getting back in

Buying $dvn and $oxy and $PXD

If you have a small account, should you use margin?

$COST under $500

SCANS
$PANW

$BOIL

$APPH

$PINS

$LYFT