Daily Stock Picks $AMZN earnings - 10-26-23 Market Update
If you have a moment in the show that you think would make a good "clip", leave a comment. I'm going to try and do some shorts on YouTube.
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NOTES
$SPY
10 year bond rates
Earnings
$MAT killed it - up 2% with results to $20.58
$IBM beat - up 2% - great quarter
$NOW beat by a really big margin - went up 8% right after - it took a while to digest.
$META beat - initial reaction was DOWN - CRAZY - it went up by alot afterwards - lowering range of expenses in 2024 and reality labs is losing less - and they expect total revenue this year to be slightly down.
“We are very subject to volatility in the macro landscape,” Chief Financial Officer Susan Li said on a call with investors to discuss third-quarter results. “The revenue outlook is uncertain” for 2024.
But Meta’s warning on potential global economic uncertainties that could impact revenue came alongside an expensive spending plan for 2024, mostly on AI infrastructure and talent. The company is also continuing its investment in the money-losing virtual reality division, known as Reality Labs.
How to use AI to summarize and give you an outlook
$ARM - forgot to go over it yesterday since
Berkshire bought more $oxy this week
$ORCL
Even with tech earnings - $SQQQ has been the trade
$META under $300 at the end of the day
$AMZN released a beta of their Ads GenAI - put in a photo of the product and AI takes over.
https://x.com/ajassy/status/1717202362333606249?s=20
Social Requests
Jackson from Instagram
Morning Gary, ive got a trade I would love you to take a look at. Company is planet fitness (PLNT). It’s in a renewed uptrend and I think it’s going to fill the gap up at $64. They have earnings coming up and may announce partnership or launch of a glp1 program (lifetime fitness recently did). Apparently those drugs require lots of exercise so you don’t lose muscle mass when you’re losing weight… anyhow hope you’re well!
SCANS
$MSFT
$TGT
$XLU
$RIVN
Great video on $SHOP and $GOOG - I don’t agree - but solid look - https://youtu.be/4fWoJbjKBtw?si=E-rwmgPErUTxHywr