Daily Stock Picks $AAPL earnings and Jobs numbers confirms - GIDDY UP on the rally - 11-3-23 Market Update
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
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
2 week earnings recap
$smci and $elf
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
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