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$AAPL earnings and Jobs numbers confirms - GIDDY UP on the rally - 11-3-23 Market Update

Nov 3, 2023
48:42

Apple earnings were as expected. $DKNG was way up and there are still SO many buys in this market. The rally should continue.


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NOTES


Jobs report 150k - and sept revised down - includes 30k strike for uaw and 5k for actors and Hollywood in Oct 




Unemployment rate to 3.9% - so job market is turning down which is good news - bond yields went off a cliff and stocks went up 


Top stocks to watch today


2 week earnings recap 


$smci and $elf 


SMCI is still a buy

ELF is still a buy



Earnings 


$para beat - up 10% - direct to consumer was much less than expected 


$dbx beat - up 5% on news 


$expe beat - up 5% on news with a $5b buyback


$bkng beat - but down 5% and not sure why 


$ftnt - down on earnings - missed and lowered guidance - they are back to where they were in Jan but it’s a mess of a company right now 


$sq beats and up 15% with share repurchase and rule of 40 in 2026 - crazy good quarter 


$cvna is super far off from analysts but they made money - up 5% - they outline uncertain outlook 


$dkng beats and up 10% 


$COIN - beat with less of a loss than expected. They expect Q4 to be flat so the market beat them down - but it recovered. 


$PXD - special Dividend - $3.20 per share almost double what they paid last quarter. 


$aapl - beat on top and bottom and everything as expected - nothing shocking with services beating and a record along with iPhone sales as a beat and a record - all solid 


Weak Mac business (down 34% year over year) was def the reason for the rushed announcement launch - they are optimistic about the holiday season upgrades for Mac’s with the m3 chips 


Like I said - we seem to have held $170 - that in my mind is the key - this market keeps going up. China was not a problem - iPhone was not a problem - services continued to grow


CFO said iPad and wearables revenue will decline which brought the stock down. 





Jim Cramer thinks the cybertruck will fail because his buddy is Jim Farley at ford ….. remember - inverse always wins 


I’m finding seeking alpha quant interesting in that it does identify runners and moves them to a hold after that run up 


Social requests 

$WING

$PKST

$PYPL


SCANS

$LLY

$XOM

$GOOG

$TSM

$OXY

$CAT

$SQ

$NKE - second cross up on the current algo run 

$LMT



Energy Names 

$COP

$CHRD

$SHEL

$OXY

$XLE

$OIH

$SLB

$XOM

$ARLP

$ET

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