$DIS earnings - $GOOG dev conf and banks in focus again - 5-11-23 Market update

$DIS is buying Hulu to integrate it with Disney +

$HOOD - tons of degenerates are trading again

$RBLX got an upgrade

$PACW warns again - Trade $DPST and long term invest in $SCHW

I love $SONO speakers - business may bounce back

What to do when a stock hits a 52 week or all time high.

A look at $SPY weekly and whether we are in a bull or a bear market for a weekly perspective  

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NOTES

Bob article posted on private Facebook group

PPI - up .2% vs expected .3% - year over year is moving down 2.3% vs. 2.7% 

This is good - inflation going down - cost of goods going down

So we have inflation (CPI) going down - cost of goods (PPI) going down and the debt ceiling is the only unresolved issue

$dis earnings - they met with the Disney plus losing less than expected - crazy in that it was up 4% and then down 4% and just kept going around as the earnings came out 

Great description is the Wall Street journal headline - Heard on the Street: Disney jolted investors with record subscriber loss following a price increase at its streaming business in the second quarter—showing the trade-off between growth and profits

$hood earnings - beat - up 7% - looks like gambling on options by degenerates is back - crypto trading was in line too - there are 11.8 million daily degenerate users  

$u - unity software beat and was up big with their guidance 

$bynd - smaller than expected loss and a higher guide - up 10% when announced 

$sonos - down big but have you heard their speakers? Crazy how good the surround sound is and very affordable compared to a high end system.

$goog closed over $109 which I personally think means we are off to the races 

$ulta - a good look at why you trim positions at 52 week highs and buy as it goes lower if you believe it’s a good stock 

- Roth MKM upgrades $RBLX

- @GoldmanSachs downgrades $TWLO

- @jpmorgan upgrades $AXON

Found this tweet interesting 

Top 5 stocks that have minted the most millionaires:

Microsoft $msft

Amazon $amzn

Google $goog $googl

Apple $aapl

Tesla $tsla 

$pacw - it’s sinking again - they said they lost almost 10% of their deposits on may 4-5 … they say they have enough but it’s not good - no other news but it should come soon to calm nerves 

Remember to not hold this over the weekend since it’s Thursday 

Jamie Dimon all of a sudden wants short sellers of bank stocks in focus - doosh 

He also said regional banks are strong

As a whole I would say if you agree - $DPST

If long term - $SCHW

$blade for Melissa on fb 

Blade Air Mobility (NASDAQ:BLDE) stock hit $2.53 on Thursday morning, setting a new 52-week low for a change of down 3.23%

Fidelity has a social sentiment score of -3.1 which is listed as extremely negative 

Trevor on Facebook asked about $qcom - is it beaten down too much? 

SCANS

$WFC

$ETSY

$BA

$VOO

$HAL

$UPRO

$SVXY

$SPXL

$XLU

$FVRR

$MARA

$FSLY

$WIX

$LMT

$CAT

Vanguard ETF’s

$VO

$VTI

$VOO