Daily Stock Picks

Leon Cooperman was on CNBC yesterday afternoon. He's my fave CNBC guest for many reasons, but the highlights were: 1) He's 68% invested in the market - he's taken some cash out.  2) He thinks the Fed screwed things up and will kill growth, but they need to.  3) He's still 20% in energy in his portfolio - which is heavy. 4) He's in COOP - Mr. Cooper - he said book value is in the $60's and the stock is in the $40's. I looked at insider transactions and all insiders are selling - not a good view.  Stocks I'm looking at: $UNG - Natural Gas - continues to go up along with $BOIL  $SHOP - 100% win rate since 2015 this week and this month - down significantly giving up all gains. Support levels around $650 if it continues to drop.  $QCOM - down again, but I believe this is a $200 stock by the end of the year. The market is trading chips down based on the future having a glut of chips.  $AMD - trade this from $100 to $120  $INTU - start positions under $500 even though the PE is high. This is a software company and they will make purchases in this environment.  $BTU - Thanks to Thomas for this one. $24 buy in on the algo - get it around there.  $URNM or $CCJ for nuclear  $DVN - get it under $60 and trade around that price point $UPS - get it under $200. This now is a value stock. 

Yes - Elon is now on Twitter's board. Hype play - but I do think $TWTR goes back to $70 with him on the board. But there are other stocks that have opportunity.  $SHOP - Did you get in? It's now up 20% from where the algo said to get in (3/10 at $567) $INTU - It's tax time - yes it's expensive (P/E is 64) - but there's also an ex dividend date coming up on 4/5 - get in on this one between $490 - $500 if it dips there in next few days. I think you could get back to $600 and enjoy a nice dividend on the way there.  $QCOM - not in on this yet, but getting there.  $DVN - get in under $60 $SPG - 5% dividend and you'll get back to $140 soon.  $SKT - same thing with Simon - Tanger outlets with the consumer being strong are good and enjoy a 5% dividend while there. It's summer clothing shopping season.  Financials - $WFC (Wells Fargo) and $MS (Morgan Stanley) are quality financials at low prices. The yield inverted already - I think these 2 are opportunities. And $BAC under $40 - buy it.  $CCJ - Uranium for nuclear power - it's cooling off but pick it up on a pullback  Shippers - $ZIM $DAC $EGLE $SBLK - buy these in a week or so - they are breathing now.  $UCO - get it at $166 - it'll be back at $200. 

Big news of the day is Elon Musk buying a 9% passive stake in $TWTR. The stock is up over 20% in premarket. I have a range that I think it trades in, but this is big for social media. I discuss my thoughts on Twitter, Facebook, Instagram, Tik Tok and Snapchat.  I discuss some plays that were suggested over the weekend including: $XOM - $80 is the support level and algo has us in. This might be good to play in to earnings as most energy plays might be.  $NEM - Carter Worth discussed this as an opportunity. To play this you would have to assume it can keep going above the 52 week highs.  $ETSY - is this one oversold and will it bounce like many other Covid plays?  Natural Gas  $FANG is one of the cheapest stocks to own in the S&P. This is probably a good one to get in to.  $ZIM - still love this one, but $SBLK I like as well in this category.  Dow Transports are down 4% YTD - but look at JB Hunt and others. These are opportunities.  $TSLA delivered 310,000 cars this quarter (vs. 185,000 this time last year) and that's without Berlin or Texas. This stock if it dips under $1,000 - pick it up. 

No April fools jokes here. Tons of trade ideas with these stocks.  $INTC going to $47 - buy on weakness $PVH, $RL looking to go lower Josh - CG - Carlyle Group INC - they just got $50 billion added to their $300 billion they manage which will add $50 mil/year to their fees (which are currently at $175 mil. Diegas - $ORCL - just got a downgrade, but the MacD is about to cross under with a sinking RSI. You should take profits, but maybe get ready to get back in . Jim L. - Kinder Morgan - $KMI - energy infrastructure company that operates pipelines. It’s had a run from $17.- $19 adn the macD is crossing while the RSI is going down, but Farmer Jim believes in it like $CLF. It’s at the high end of the targets - but it’s energy. Jenny - National Retail Properties - $NNN - high end retail with long term leases. Targets are around $50/share. It’s trending down with a macD cross down coming and RSI retreating but it’s got an upward 50 day with a flattening 200 day. $BOIL - levered ETF that corresponds to 2 times the performance of the Bloomberg Nat Gas index for the day. That’s why you trade it for days and don’t hold. $UNG - US Natural Gas fund - tracks to the delivered nat gas to the Henry Hub in Louisiana and is a futures contract fund. $CRK - Comstock - energy - oil and gas - this one has run and had a downgrade, but they have a price to book ratio of 2.95 compared to industry 3.31 so it may still have room. $LAC - Litium - $40 price target even before the defense act - these targets could get raised. $CCJ - Uranium Miner for nuclear - big upgrade and could be a $40 by year end $APPL - if I were trading from $158 buy in, I would be selling now that the MacD and RSI are downard. I think we see it hit $170 support and then back up for a positive April $CRWD - alert to buy yesterday at $231 - it closed below - it’s had quite a run and may be in for a pullback but far below the 52 week high back in Nov of $298. Also look at $ZS $Gme and $amc fueled by gme announcement of the split $Amc is def trying to get above $30 but can’t Retail investment is way up … that might mean buying some of these meme trades on the pullbacks is a good thing The thought is that the China shutdown is easing the price of oil … not strategic reserve release … 1 case shut down Shanghai which is Texas and that could be an indication of how China is dealing with it. Memorial Day is the start of peak oil season. Supply chains are still an issue with Auto Makers - $TSLA is increasingly looking like a better option for car buyers. Let’s wait for the Q1 deliveries number but according to my friends that work there - they hit their targets. Shanghai projections with the shutdown might be an issue. $AMZN Jassy comp was $212 mil with $211mil of stock - that is how important the stock price is ….so get ready for this to grow with the split being the first part. He very well may suggest an AWS break out to optimize shareholder value.

$SHOP Strongest week of the whole year is next week. 💸100% win rate & +6.5% average return since its IPO. I'm buying in hopes of this trade since it's been down and there's a gap fill maybe.  $TSLA gap fill up to $1134? We get Q1 deliveries tomorrow and earnings shortly after. All kinds of catalysts for this stock including the anticipated split vote.  $MOS - this has been beaten up. Fertilizer will continue to climb so buy on weakness.  US is tapping the strategic oil reserves. This will do very little. Buy $UCO on weakness - even Jim Cramer said this (which could be the kiss of death). Helima Croft (who is the goddess of oil IMO) said right now 2 million barrels of Russian oil has been taken out of the market. They expect the next 2 million to have a very large impact going forward. 

I need to get back to recommending specific stocks, but in reality - you've had a HUGE run since 3/14 and at some point we pull back. I haven't been getting in to names because they've run. Some that I want to get in to on pullbacks are $NVDA, $TSLA, $UPST and $TWLO.  Today I discuss the increase in share prices since 3/14 (list below)  $UCO was the play yesterday and it most likely will be the play today. Germany announced a potential gas crisis and nobody in Europe is driving with gas at the equivalent at $10/gallon.  Mortgage applications fell 7% from last week and refi's are down 60% from last year (15% from last week). Housing is strong - and they are making all cash offers.  3͟/͟1͟4͟ ͟ ͟ ͟ ͟ ͟N͟o͟w͟ $SHOP  $513 $743 $SE  $88  $127 $TWLO  $125 $175 $TSLA  $765  $1096 $NET  $84  $130 $SNOW  $167  $239 $AAPL 🍎 up 11 straight days.

In the bond market it's clear we're heading towards inversions. The 5/30 inverted yesterday, the 2/20 inverted today and the 5/10 has inverted as well. It looks to be that the key indicator of the 2/10 will invert. That would indicate to me that 11-14 months from that inversion, we will see a recession.  Ukraine / Russia peace talks seem to be constructive. That's moving oil DOWN so you'll need to play $SCO right now. I do think oil goes back up and $UCO will be the play, but it's clear the China shutdown and Russia peace talks will make $SCO the winner.  $DATS interesting hype play - but that's all it is $AMC is outpacing the S&P on most time frames and has doubled in the last week.  $HYMC may have more resources than expected and is a good $AMC divestiture of their captial  $FDX - CEO is stepping down Jun 1 and the company is under valued. May very well go back to all time highs. The CEO is the founder who took the company public back in 1976. He implemented the timely package delivery which changed supply chain forever.  $TSLA split will be voted on as the form was filed with the SEC.  $SPG - collect a 5% dividend while waiting for the consumer to get shopping again.  I'll be using the Trendspider scanner tool to find recent MacD cross ups and I'll be posting them on Twitter. 

Tesla has asked shareholders to approve more shares for a potential stock split. Aug 2020 when it happened last time, the stock doubled. Could it happen again?  Crypto prices have gone crazy and $COIN is said to be buying the largest Latin America crypto exchange. Watch these levels.  Biden's tax plan for millionaires with a net worth of more than $100mil includes a 1% tax of corporate buybacks of stock. The stocks this could affect are: $AAPL $ORCL $MSFT $JPM $WFC $XOM $CSCO $PFZ $BAC China is shutting down Shanghai - this is a city the size of Texas. When will they ask for western vaccines ($PFZ and $MRNA) or will this level of spread hit the US?  $NILE is up 30% premarket - watch this one and trade it.  Agro play - $MOO is the ETF - but it's run. Also play $AGCO $MOS $DE  Energy plays $DVN $PXD $CTRA $NUE $CF  Remember too - the inversion of the 2 year bond yield and the 10 year bond yield typically means a recession is coming - but it's 11-14 months AFTER the inversion.  

News that a pot legalization vote is coming up in the House next week sent $TLRY skyrocketing yesterday. This was a $300 stock a few years back and has been sliding since. I think you have better opportunities out there, but this might be one to trade on the volume and hype.  Fertilizer names like $MOS are still in play.  $AMD ripped yesterday as well as $NVDA and $INTC. $TAN TRADE - $TSLA $AMD $NVDA - all have traded in the same range for the past 10 months. Interesting chart posted on Twitter.  Real Estate plays: $PLD - ProLogis - warehouse distribution $INVH - Invitation Homes - single family home rentals $EQR - Apartment rentals  $NILE - high flier that Ziptrader went over. Interesting hype play $NFLX bought a gaming company and it could be an interesting play depending on how they position the gaming portion  $MULN down 

Tom Lee - my fav market analyst - says he remains bullish on the market. He thinks FAANG will be strong in the 2nd half of the year with all of their pricing power. He thinks April and May will be like 2020 and 2009 where people positioned themselves for the future moves. He flagged the Cash Freight Index having rolled over which leads to CPI coming down but only if oil plateaus.  Tom also mentioned as long as $AAPL stays strong, you can't be a bear of the S&P because of Apple's huge weighting in the index.  $BRK.B has outperformed the S&P by 30% this year.  Joe T on CNBC and others have mentioned $BX as a great opportunity here. They all have touted Blackstone's exposure to good real estate. KB Homes reported last night and said the labor cost and supply chain issues are weighing heavily on them being able to complete homes. The entire home builders index has tanked this year and Josh Brown believed this to be an indication the economy is getting dragged down.  I don't have particular stocks that I think are opportunities today, but Alaska Air CEO said they believe oil peaks and remains at $120/barrel. Today it's at $113 so if you're in $UCO - be careful to take profits.