AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
I sold quite a few stocks yesterday as a year end rebalance/cash raise/tax strategy. I go over each one and why
Remember - Trendspider, Seeking Alpha and my paid newsletter all have FREE 7 day trials available.
TRENDSPIDER SALE - best offer available (limited time)
Sign up at link https://trendspider.com?_go=gary93
Email me at dailystockpick3@gmail.com
I’ll send you the welcome letter that includes all the algorithms, watchlists and scanners that you see me use each and every day.
Get $50 off a year of Seeking Alpha. https://www.sahg6dtr.com/2L9M597/R74QP/
TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability.
Social Links and more - https://linktr.ee/dailystockpick
FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com
SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM $20 off your first month - only $5 for the first month
Sign up for Webull and get free stocks like I did -
https://a.webull.com/gzxte9iTQnfaDYFDjM
Get AT&T Fiber at your home - I have 1GB service https://www.att.com/referral/code/?ref=TVY-3964
NOTES
CPI down .1% vs. unchanged estimates - good news - they probably need to reduce earlier as inflation continues down and yields are still inverted - so to get out of inversion - they need to reduce rates.
Doosh of the day - this is rich dad - he’s just a doosh
Yesterday’s market was crazy - good - but nuts - the mag 7 did not go up, but the market was up. This is good because the rally is growing from the bottom 497 stocks - bad in that my personal opinion is the market can’t support this.
Talked about HPQ yesterday with a question in the social requests -
Interesting they got an upgrade too
$ORCL earnings miss - buy it on this pullback
Many of you love shippers SBLK and EGLE - I traded them before EGLE is the big winner in this merger - I’m not a fan of shippers because they just won’t have the pricing power they had a couple years ago
$M may be worth $25/share on this bid
$PINS and $SNAP have made some solid moves recently - I do own $SNAP in my Webull “sports betting” account
Goldman names $tgt top 2024 pick - can’t say I disagree
$CSCO under $50 - good long term IMO
$dvn and $oxy upgraded - $dvn price target taken down though
All the stocks I sold yesterday
Short term
LISTED IN NEWSLETTER
UNH - I’ll buy it back cheaper - had a nice 15% gain
I will have more - I’m looking at OXY, PYPL, UBER, ULTA, XOM and XLY.
All of this is raising cash to buy more and to maximize my tax situation.
Might be time to buy PLTR again too
Social requests - listed in newsletter
Insider buy of the day - SCVL - shoe carnival - Chairman of the board bought $10M at $25/share.
SCANS
All scans in the newsletter.
BK - 18% gain on a regional bank
Covered Call ETFs - these are for income
JEPQ
QQQY - remember - in it’s short time it underperforms QQQ
XYLG
Vanguard ETF’s
VYM
QQQ
VTV