Short Squeezes like $BBBY and $CVNA - I'm in - Market update 1-13-23

Jan 13, 2023

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Happy Friday the 13th. And did you notice I'm sponsored by State Farm now? Call me Jake. Notes on this podcast below.

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Talk about how short squeezes work

$BBBY and $CVNA

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Earnings

Blk- earnings beats by a lot

$dal beat on both top and bottom exceeding guidance from just a month ago …. Crazy good quarter - but guidance for q1 was below consensus because of pilot contract so it’s not actual lower - it’s just an assumption so assume they will beat again

$bac beats huge and soars - this is a $40 stock at some point this year

$jpm beats by a little but with the run it’s been on and the stock being up - this is a big move

$wfc - revenue weaker than expected and poor showing - stock down big on news -

Wells Fargo reported about the consumer and all banks took a leg down big based on some comments about weakness

Shitty group $c - rev beat - had a crazy high amount on fixed income like bac - bonds seem to be huge increase in trading

Investment banking down huge in all businesses

$tsla cuts prices on 3 and y in Europe and us - this indicates production is outrunning demand - this could bring the stock under $100

Friday the 13th