Daily Stock Picks

I talk about recessions, energy and the Fed notes today and include some of my favorite stock plays.  $REV - crazy pop yesterday with confirmation and validation  $PXD - selling at 7 times forward earnings and they make money over $40/barrel - even if oil stays at $100/barrel - you're only selling at 7 times earning and they will either return the money via a dividend or buy back stock.  $UCO / $SCO - $UCO is oversold - oil will come back  $DVN - dipped under $50 - buy it under $60 and sell over  $OXY - same as $DVN $CLF - could have gotten it at $14 yesterday - I think anything in the $15 range before earnings is good - but still a gamble because of rising costs and inflation pricing pressure on commodities  $UNH - get it under $500 - don't touch it until earnings - but they will announce another great quarter and you'll see a 52 week high  $SPXU $SQQQ and $SARK are still in play IMO - I like these as they go down because I don't think we're done going down.  $GME - stock split - old news - play for the volatility  $TSLA - I'm nervous about earnings but we just had a MacD cross up - buy under $700 - sell over  $RIVN - up on delivery announcement - hype play  $RIO - commodities may be coming back - 13% dividend is great $FANG - still no cross up but I like energy since it's beaten down $GS - selling at book value - analysts all say buy when it's at that price - may be an earnings bounce  $TQQQ - this has been the play and I said buy it - you've made your 10% on this one.  Cross ups: $CRM - interesting but I've been burned on it $LCID - it's a hype play but the algo has done great on this name in particular  $MTR - energy with a huge dividend  $BOIL - nat gas may start to run here now $DG - crazy good returns on this, but since it's so high, I would stay away - there are better stocks to make money on than chase new 52 week highs. 

I did a market scan and found quite a few opportunities. I continue to say this market will sell down so $SPXU $SQQQ $SARK and $UVXY should still be in play.  $GS - trading at book value - this is huge $MRNA - wow - good trade but take profits at $155.  Oil is tanking - could go as low as $65 so stock up on the oil stocks as I think we will see it go back to $120 $KOLD and $BOIL are still plays $JPM - cross up $TWTR - cross up $QCOM - cross up $ARKK - cross up $ARKW - cross up $ARKF - cross up $IGM - cross up - I really like this ETF  $UPST - cross up $XLK - cross up $CLF - it's tanking but I like this one below $15  $TQQQ - this has a 100% win rate in July based on the last 12 years. August is good as well. 

Use tools like $SPXU $SQQQ $SARK and $UVXY for days like today when the market is down.  Energy and $META will be the 2nd half plays I think.  Energy is down today since the fears of inflation become more real. Commodities go down when fear of inflation goes up because of demand slow down.  $MCD - $1 drinks are now $1.53. Could be a boom for the stock with them being able to raise their prices.  $CLF - Njarian on CNBC bought some along with Farmer Jim. He sold calls out in the future to collect $1/mo in premium based on the volatility so he will make money on the trade.  $QCOM down at $120 - this is such a good stock that will renegotiate with $AAPL  $NVDA - touching $140 - I love it here (AGAIN)  $DRV - this is going back to $60 $RIO - another commodity loss - get out if you have gotten in.  Nat Gas will go back to $8 IMO - $KOLD and $BOIL  $OXY $DVN $XOM $CVX $FANG - all down because of energy fears of inflation  Still love $LOW and $TGT based on valuation  

The worst start to the year since 1970 - good news if you're a fan of history for the 2nd half of the year.  I continue to say you should be in $SPXU $SQQQ and $UVXY  Be careful with commodities with fear of recession.  Some new dividend plays discussed: $GTY - 6% dividend  $IRM - 5% dividend  $MPW - 8% dividend  $O - 4% dividend  $SPG - 7% dividend  $VICI - 5% dividend $WPC - 5% dividend  I think great long term values are $LOW and $TGT with great dividends along the way  $RIO $DVN $CVX $XOM $CLF $LNG and other commodities may be hurt by the fears of a recession  $NVDA under $150 is a great option here too  $BAC - could it go under $30? $SARK - I like this one more than the $ARKK Heading in to a long weekend - be careful 

I go over a TON of stocks on this one as it's long, but remember what I recommend. $SPXU $SQQQ $SARK $UVXY.  $BRK.B $PAA $CTO - 7% dividend yields $MCD $UNH led the dow yesterday  $UPST - no longer one of my favorites  $NVDA - I love this one here, but I fear you've got a little more downside. Don't time it for long term though - get it under $150 if you can.  $TSLA - under $700 - but I feel the delivery number may be light so don't load up before that comes out.  $CLF - commodities like iron ore worry me - I still think their earnings are going to be a catalyst  $ENPH - I like this one as it's been beaten down.  $RH - consumers are weak now - brought down guidance and tanked all retail $XRT may be a good opportunity but I still like $M $BITI - short Bitcoin - more downside $BHAT and $REV may be done with as far as runs, but day trading is a good opportunity  $FANG $MPC $OXY $DVN $UCO $XOM $CVX $XLE - I think long side energy is still the right play  $AMD - I like this with the forward PE so low $SBUX - with China opening and a dividend increase - this may be a good time to get back in  $HD $TGT $WMT $LOW all high yields and good upside for 2nd half $MSFT $AAPL $AMZN $GOOG $META $NFLX - I like these for 2nd half - specifically $GOOG $NLY - 14% yield - interesting here $AA $BMRN $DDOG $XM 

I contend that we are in a trading range of 3,000 to 3800 on S&P - that would mean we are just going down. There really isn't good news in the market and there's going to be more downside. I think we go to 3,000 as the earnings revisions are brought down through mid July with maybe a stop at 3500. I think $SPXU, $SQQQ and $UVXY are good for swing trades.  $DAL and $TSLA indicate to me that we are going to have a travel nightmare this weekend.  $TSLA also at the delivery center yesterday - there was no hype and no energy. Look for it to go towards low $600's here.  $DRV - short real estate - I like this one long too.  $RIO - MacD Cross up - commodities have been crushed  $DVN - above $60 so look for weakness to sell.  $MU on earnings - I'm less hyped on it. I have a fear they will bring guidance down.  $UCO - I like this to $55  $CVX - Cross up $XOM - Cross up $OXY - be careful and look for weakness to sell  $OAS - cross up  $FANG - cross up $PXD - cross up $MPC - cross up $QCOM - $AAPL failed at 5G chips and will have to resign the contract with $QCOM - big news  $WEAT - I think this goes up $GOOGL $GOOG - I like this with the $2200 level  $GIS - not ready to buy yet, but with food shortage this will be great  $REV - kiss of death with a CNBC update $MPLX - cross up $XLF - I like this  $NVDA - I think anything in the $150 range is a great long term buy - it might dip to $140's, but this is long term  $NKE - under $100 it's a buy with China opening $TSLA - again - should have sold at $750  $CLF - commodities are getting killed and if in the $15 range - I like it with earnings coming up $TGT - love this on the 2nd half guidance at $140 $ZIM - I'm unsure of this just because of large inventories, but it's almost trading at it's fair value $FTNT - I like this based on the value and recent split  $ABBV - not a buy now, but you can hold it for the dividend $SPG - under $100 - buy it  $MRNA - without Congressional funding - stay away from it  $FDX - first investor day in 10 years  $ARKG - should have sold at $34 - I see weakness 

Oil will go to $140/barrel. Leaders of the world are talking about it now and knowing that supply just can't increase in the next 6 months while demand is going to soar with China opening and Russian oil embargo.  Today's stocks: $MU - love this in to earnings $CVX - cross up - buy below $150 $XOM - cross up - get it under $90 $DVN - it's over $60 on the cross up so expect it to go back to $70 $OXY - over $60 - take your 10% and move on when you have it.  $FANG - love it - great opportunity on the pending cross up $PXD - I think it's going back to $270 $MPC - Cross up  $UVXY - the VIX is going to 24 and then will shoot back over 30. Buy $UVXY at $13 now.  $BOIL - I think Nat Gas is going back up now - $KOLD had a great run.  $UCO is going back to $55. I like it just like the other oil companies above $META - anything under $200 is still my guidance  $GOOG - if you can get it in the $2200 price range, it's a great long term buy  $SNOW - up 18% MTD - I like it back to cover the gap above $200 now $CLF - if you can get it under $16 I like it - but I think we are going to $20 from here with their earnings $QCOM - it's Forward PE is 9 - great opportunity here $NVDA - great long term buy  $UNH - I think we are heading below $500 again so if you have profits - take them  $AAPL - Trendspider has a fair value gap and Apple is in that now $RIO - cross up - I like this going to $70 $BABA - will it run again? The RSI is very high - but what a run it's had $WEAT - the RSI is too low - this has to go back to $10 $XLF - I like it now that the banks have passed the stress test and some have upped their buybacks and dividends.  $MPLX - Cross up at $29 - I own it and love it with that dividend. 

$NKE kicks off earnings today.  JP Morgan thinks this week we are up 7%.  $LOW, SWK, PII, VFC, and MO are five of the highest quality and most undervalued dividend aristocrats. Meta $MU and INCY, $VFC, and $$MO are five of the highest quality and most undervalued dividend aristocrats. $Meta $MU and $INCY $TSLA - what do I think of this stock?  $UCO or $SCO?  $KOLD or $BOIL?  $CVX $DVN $OXY $XOM $FANG - which ones are crossing up? 

$MRNA is watchable now $ENB - huge dividend beaten down energy stock I like $VIG - high dividends and a beaten down ETF $SHOP - huge moves in the last few days $BHAT - WOW $REV - up again Ibonds - listen to Suzee Orman podcast - Masterclass on them $SNOW - should have bought at algo $120 $FCX - I'll watch this as I think it's unfairly beaten down - someone bought big on the July $33 calls  $EWC - interesting Canada ETF with energy and financials - big buy on $31 Sept puts $XLE - Oct $52 puts big buy - could mean more downside, but I don't think so  $TSLA - buy under $700 $ZEN - purchase at $77/share  $COST - love the stock to go back to $500 $MAR - continued laggard because of multiple - will watch because it's got to have a bounce off these low levels $META - love it under $160 to $200 $RIO - love this huge dividend stock at some point when the algo says buy - hate the company though $UVXY - VIX is going back to 30  $KOLD - big moves still like $BOIL $KREF - love this one as it's down now $K - remember they are splitting in 3 and a potential food shortage coming  $TGT - still love it to move to $160  $NKE - earnings next week - this one is down big and may move  $QCOM - I can't believe it's this low  $ARKG - up 10% since I mentioned the MacD cross up earlier this week 

In the middle of recording this, I wound up getting a phone call and upon my return I did an entire podcast, but I forgot to hit record. So instead of editing and going back, I did my best to continue after that, but if I missed anything, hit me up on Twitter and I'll cover it tomorrow.  I go over my theory that we're in a range for the S&P between 3000 - 3800 and 3500 has a support level. I think you can use $SPXU $TQQQ $SQQQ and other tools to trade within this range.  I also think the VIX wants to be at $35 - use $UVXY - it is at 29 at open - I think it could go to 25, but it def will hit 35 in the next few weeks. There's just too much bad news out there.  $SCO and $KOLD have been the winners for the last week - BIG winners. I think $UCO and $BOIL have been oversold and will look to bounce here, but all the politicians of the world trying to bring oil and energy prices down is what's killing the stocks.  $VEGI and $XME have been beaten down and are good swing trade ideas $REV - trade this one. It's super volatile and look for confirmation before buying in, but its' great for scalping.  $RIO - this one has been beaten down and has a great dividend.  $OXY - Bershire and Buffett bought more - I like it under $60 buy and over $60 sell - just like $DVN but I like $FANG when it gets confirmation.