Daily Stock Picks $ONON earnings - Burry short of $SPY $QQQ - 8-15-23 Market Update
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$NVDL was the play yesterday - $NVDA goes higher
$TSLA - still has more downside IMO
$ONON - maybe the same pattern as the last earnings gap - be patient.
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NOTES
My weekly stock pick - $cat
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$HD beat but they warned about the consumer weakening
$CLF - $X - Esmark offered $35/share all cash ($CLF offer was cash and stock)
Michael burry put up 2m puts on $spy and $qqq - totaling $1.5 billion against the market
No other details about expiration or anything have come out - it also could just be portfolio protection
Einhorn capital thinks inflation is embedded and if it stays the fed will need to raise more and faster and that would kill the bull run
$tsla cut the prices of model y in China - long range and performance - $2k about
$schw down 4%
https://x.com/danushman/status/1691194955207704576?s=46&t=7y4v-tHaIEzjLo4Lw72X7g
Forgot to mention $ONON this morning. They report before the bell tomorrow and the algo got you out with a nice 11% gain from the last earnings gap down. I'm assuming we may see something similar tomorrow.
https://share.trendspider.com/chart/ONON/18946bh1g9n
$NVDL play yesterday - 12% up
SCANS
$PYPL
$MSFT
$PANW
$CRWD
$AMZN
$CRM
$MRNA
$SPYI - I bought at $49.31 2 months ago - have gotten $100 per month in dividends with 12% yield
$XYLD
$NXE
$COP
$DRV
$HSY
$NCLH
$LOW
$MCD
$LYFT
$INTC
$EA - interesting gap fill potential
$DXCM - under 200 day
$FTNT - probably will fill gap to $75
$PANW
$ZS
$ORCL