There is no chart that I looked at other than energy and short ETF's that look good. Nickel trading is shut down in London because of a short squeeze and Russia being the #1 Nickel producer and oil is going up again today. Trading today should be in oil (UCO) and commodities from Russia (PALL, CORN and WEAT). If you're gambling and in to penny stocks, CEI and MULN are options because they have volume to pump trading. Tread carefully. I may go in and out of these, but I will be with UCO. If the US and the IEA release oil from the emergency reserves, SCO would be a good option as oil will likely come down. If the Saudi's and OPEC announce more production, SCO would also be a play. The charts are ugly so SQQQ and other ETF shorts are good options, but it's too risky on the downside right now to go long on stocks.
Target ($TGT) beat earnings and had great guidance. If you got in yesterday under $200, you're getting rewarded with an 11% pop today. Margins good and all 5 business units were positive. Devon Energy ($DVN) pierced the $60 mark and dividend is coming up. If it dips below $60 again, buy it. Crowdstrike ($CRWD) and Palo Alto ($PANW) are both up very big from the purchase day prices (up almost 30%) It might be time to get in to Z Scaler ($ZS). $GOGL - from yesterday this one has a 28% dividend payout. The ex dividend date is tomorrow so getting in anywhere under $12.50 might be a great opportunity. Check out twitter for the chart of the last dividend pay out. $CLF - Cleveland Cliffs - I said to buy at $17. It's now at $23 and has a dividend payout coming out. This one continues to move, but you can wait for a pullback. I think the best options for me to buy today are $BAC (Bank of America) and $MRVL (Marvel Technologies). Marvel has earnings on Thursday and should be positive. It's a good opportunity to play this potential pop. I'm not as familiar with them as I should be, but Cramer has been pretty good on these things and he mentioned last night this was a good one. Bank of America has a 52 week high of $50 and is trading around $43. This could be a great opportunity with a dividend coming up and interest rates going to be raised to fight inflation, this most likely is going back to $50 at some point. Without a catalyst like earnings, buy on a cross up (which might come in the next day or so). $COST - Costco earnings are Thursday. I'm not super excited about this one, but I would expect a pop with Target earnings and a potential member rate increase along with a one time or large dividend announcement. It's at $520 and the 52 week high is $570 so it could go back there.
I think Target ($TGT) under $200 is a great opportunity. They report on Tuesday and have a PE of 14 vs. WMT at 27. Have a 5% stop on this one as there may be some supply chain issues, but I don't think you're in danger holding this long term. The 52 week high is $268 and you'll only need to get to $220 for a 10% pop. I don't expect that amount on earnings, but holding it will be fine. Costco ($COST) is another opportunity this week reporting on Thursday. If you've ever been to a Costco on Saturday, you'll know why. Their PE is 44 so it is high, but 52 week high of $577 is probably within target if they announce a membership fee raise along with a raise in their dividend. I think both could be on the table and even holding Costco for an extended period is not a bad thing. Not the best play, but a good one as it's just crossing up on the MacD. GOGL has been a one to buy in the recent weeks with 20%+ moves. They have a huge dividend payout coming up on March 2nd (28%). I would like to get this one today under $12 (probably not going to happen), but it might be worthwhile picking this up to get the dividend payout. Just be aware the market prices in dividend payouts AFTER the ex dividend date so expect downward pressure on the stock in the coming days. FCX was a monster for the past 1,000 candles and I don't think you should buy it now, but it's definitely got a trend going on and worth keeping an eye on for pullbacks. Best Buy ($BBY) could go up with earnings on Thursday if they have managed their supply chain well enough. Not sure about where you live, but Best Buy is still the best brick and mortar place to shop for electronics (other than maybe Costco if you're a member) Chevron ($CVX) and the oils are all good plays. Remember UCO/SCO, but Chevron just had a buy in our algo at $139.83. Trade that trend and I believe it continues to move up. It's clearly using the 50 day as support. NOT IN PODCAST - check out the chart I just posted on $ORCL (Oracle). They just had their MacD cross up, the RSI is at 45 and we have earnings coming up. Oh - and enjoy the "mom interruption" at the end of the podcast.
It's a Friday with a Russian invasion currently going on. There are 2 stocks that I think are worth buying today at prices that could see 10% upside. First let's go over some of our recent winners: $MRNA yesterday saw a 10% pop after earnings. You're welcome $PANW - we saw the 10% pop up yesterday from our earnings play. You're welcome $DVN - took at 10% gain from open yesterday. You're welcome. $ROKU - took 10% gain from this attempt to gap fill. You're welcome. Now for today's suggestions: $DVN - this one pulled back and is currently at $53. The 52 week high hit 2 days ago is $58. Put in an order for $50 (I may up it to $51, but I'll let you know on Twitter). They have a dividend payout if you hold it past 3/11 so if it's not a quick 1 week play, you'll be able to get that dividend. I would put a 5% stop loss on this one. $CRWD - look at the chart on Twitter. The algo on Trendspider indicates a buy at $183.17. I've got an order in at $183 (didn't fill at $178 last night). They report on 3/9 and I completely expect cybersecurity to move back to their highs. The 52 week high on this is $298. That's a 63% move if it gets back there. We're looking for 10% here. Don't be greedy and I also would put a 5% downside stop loss on this one.
Rather than give a specific stock pick on today's episode, I talk about what you should do with your portfolio. There are opportunities in the market. Stick to the 40-40-10-10 rule that I personally have. 40% - buy and hold - you should just hold these for a very long time. You can add or subtract companies from this group. Examples for me - $AAPL $MSFT $GOOGL. I do have $TSLA in this group, but that's an example of a company that could go in and out of this group. 40% - long term, but rebalance every 6-12 months. This should be dividend stocks and some of the other long term areas that are not subject to very large fluctuations. Examples of this are $KO and $PEP for me. Others included in this are energy stocks for this year like $MPLX and $XOM. I also have many of my ETF's in this like $XLK $XLY. The ARK funds should be in this group based on the performance from last year. 10% - short term - 0-6 months. These are companies that you have a conviction that things are good, but long term there may be volatility that isn't worth holding past a few earnings quarters. A company like $FB for me is in this group since I found myself using social media less and less. $TWTR is also in this as much as I use it the most for social media, they just haven't been good at monetizing it. $CRM is in this group because of their valuation. 10% - day trading and swing trades. The perfect example of this are crypto related stocks or actual coins. The volatility for me makes it an easy way to get in and out to grow your short term profits. There are some great opportunities today, but nibble. I don't think it's worth going big on your buys even with all of the discounts we're seeing today.
Wow today's date has a lot of 2's. Putin did it and sent troops in to Ukraine which then spiraled sanctions against Russia and Germany canceled the Nord Stream 2 natural gas pipeline permit. All of this shot futures down as much as 700 points for the dow, but they have rebounded. Today will be volatile. $KOLD/$BOLD - Nat gas short and long levered ETF's should be good trades today. If you think it'll get more crazy - you can hold, but I get in and out of these. $UVXY/$SVXY - levered ETF's for volatility. Again - I trade these - not hold them. $UCO/$SCO - Oil long and short levered ETF's. I trade these as well. $M - blew away earnings and revenue and was up 10%. Chart looks choppy, but up 10% premarket $HD - blew away earnings and raised dividend and had a pop but stock is down now. Which shows how crazy this market is. $DWAC - if I could short this, I would. It's just too much hype and too crazy. Kind of like $F stock - it'll get hyped up, but today's hype will mean a short would be a good move. DWAC is a SPAC, they have not released ANY information on the structure, what the earnings target is or ANYTHING. If you're looking at Truth as a social media platform, just look at Parlor. That's the guide for Truth imo. $TDOC - this is NOT making money and expect another drop on earnings. $CZR - not worth the earnings gamble on this $FANG - I think you could play this one for an earnings pop. The PE is high, but they should report very good earnings. NOT HEARD ON PODCAST - $PanW - Palo Alto reports after the bell and could be a VERY good play as it's gotten hit recently.
It's a bit of a non newsy day so I don't expect much, but I do think we're going to see something similar to what we've had the past 4 days. A down morning and then an afternoon relief rally that brings things back. PLTR - missed earnings - down big UPST - this one blew away earnings and was up 30%+ yesterday. It's still undervalued and I'll post a twitter video explaining it. AMZN - AWS may be undervalued by as much as $1 Trillion. This would indicate big upside in the stock. ROKU - not sure it's worth the risk to play earnings today after the bell. Tread carefully. NVDA - they beat earnings and slightly down. There's a platform building at around $260. Buy and hold this one and be comfortable with your entry. DASH - Doordash beat expectations. The Wall Street view is they are more focused than Uber/Lyft so they are up big in premarket. FB - still say buy under $220 ARKG - if you think ARK's are done falling, we have a buy on the algorithm here.
From our podcast yesterday, some of our plays look good. Devon - DVN - the earnings were good and I'm hanging on for my 5% gain at $53 which should hit today. Upstart reported earnings - we didn't go over this, but wow NVDA - soared yesterday and it might be too late to get in before earnings. SHOP - they beat but guidance was down - this shows you that earnings even if good can get hit - down in premarket ARKG - buy signal at $49.79 - do you trust ARK to get in at that price? PLTR - they report soon. Buy price in the podcast, but you'll need to focus on their contract additions SKT - earnings tomorrow - could be a catalyst ROKU - the guidance of TTD that went WAY up when they announced and just crashed does not bode well for ROKU. It's always a gamble around earnings. FB - this is one of the best technical setups for a gap fill above that I see. The danger is the EU enacting privacy and FB deciding to pull out of the EU like they have threatened.
Of the 100k troops Russia has on the border, 10k have moved back. I'm not sure that's significant, but it did make the futures pop. SQ - this one is on the move up - earnings are coming up and it's a gamble to get in at that PE SKT - I think you're looking at a good opportunity, but the chart has some conflicts NVDA - it's on it's way up and we have earnings coming. ROKU - earnings look like it may be a catalyst depending on what they say I also go over why traders/investors should have patience. I entered Morgan Stanley in a bad way and have lost money on this one. It's a long term position, but I also need to remember - patience is key when trading.
Happy Valentines Day. I'm discussing Ukraine, energy and some of the stocks that are reporting earnings today. I discuss some YouTube channels and videos that I watched over the weekend that were great. Links posted on Twitter. For stocks I discuss: CLF - earnings came in and hopefully you made the trade. I'm out of this one, but I do think they are unnecessarily selling off. Good opportunity to get back in on this one. UA - Until they fix the supply and cost issues, I would stay away from this one. I got in and got out based on the trade. SKT - They report on 2/17 and it's looking to set up nicely. I still think there's significant risk in the market overall. NVDA - Anything under $220 in my mind is a good buy, but I look at this one as more of an investment vs. a trade. I think you should be in this stock for the long run. ROKU - There's risk in this one as it's been trending down since August. The earnings reports for the past 4 reports have not produced positive results. NOT SAID in the podcast, but maybe look at $TTD as a better opportunity. FB - this is a stock that's moved from a growth stock to value. The P/E is 15 right now and there's a big gap up that may be filled over time. I was not impressed with their Super Bowl commercial, but I will be buying more of this stock to fill a position. I am not a big FB user, but I do still love Instagram.
I go over the 2 earnings plays from this week - CLF and UA. Both of these made money in the algorithm and are still not sells, but I took profits. I also go over the inflation numbers from yesterday, the St. Louis Fed governor who tanked the markets in the afternoon and where the March rate increase sits. For next week I think there are a few plays: SKT - this would be my least attractive - look at the medium blog to find out why and what price targets you think are good. ROKU - this is one I think has a good chance of seeing a pop. NVDA - also I think this has some good volume shelves that might be magnets for a move up. SQ - I think this has opportunity, but be careful with that PE multiple. I am holding this long at 50% higher than it's trading today.
I recorded this prior to CPI data, but we're seeing a huge inflation number and the market has shifted to expect a .5% (not .25%) rate increase in March. This will lead to a down day on the market because of this but there are opportunities. Disney - beat - up over night Uber - beat - up over night Twilio - beat - up over night Mattel - beat - up this morning Opportunities discussed: F - under $18 Coin - under $200 CLF - reports at 10am and I've gotten out after a gain before the earnings announcement UA - they were up 4% yesterday - reports tomorrow SKT - with the down market this could be a good opportunity to buy before earnings next week
I missed the Peloton buy. I go over this in detail here and on the blog on medium (@dailystockpick3). I am not sure if you should buy this one, but there are some interesting chart features that may be serving as a magnet to drag the price up. OR this could be a short squeeze. Either way, I'm staying out, but if you have the gambling forte - go for it. COIN - good buy under $200 QCOM - great buy under $180 BRK.B - great long term buy - a bit over bought right now, but will be at a discount later. Keeping an eye on it. Uber - reports earnings after bell today. Should already have Lyft earnings factored in. This has just been a bad business model until autonomous driving becomes real. CLF - great buy on this if you got it around $17. You're already up almost 20% on that buy. They report later, but I continue to think it should be around $22. SPG - not a buy - it's still got some downside. SKT - looks like this one might be good with earnings coming up. It's got the SPG earnings already factored in.
Peloton hired the former Netflix CFO as their new CEO. He's now moving from California to New York so my guess is with both of these, no sale. Check out the Medium blog at medium.com/@dailystockpick3 for more details. Today's stocks: PTON - I don't think I would trade this one. It looks like a long rehabilitation process in the company which will make it difficult to trade. F - you may be able to get this one around $16 - I wouldn't buy now, but I do think you'll see pops back to $22 SPG - announced earnings and while things look strong for 2022, the stock has opened down UA - still researching ahead of Friday earnings CLF - still looking strong heading to earnings COIN - we go over why I think this is a good gamble with the recent crypto spike and what price target you should look at.
We're looking at some of our suggestions from last week and what we're looking at this week. For more information, read the Medium blog @dailystockpick3. I'll include all the charts discussed along with a little more in depth look at these stocks. Today's earnings - Simon Property Group (SPG). I think if you can get this close to $140, it's a good chance earnings and guidance will be good. There is a significant dividend here, but the past few earnings have been good. I'll probably be picking some of this up. Today's announcement - Peloton - should you buy this before Nike or Amazon buy them out? They report earnings this week and it might be a perfect time for an acquisition announcement. Under Armor reports on Friday. This one has been a good play around earnings of late and has been beaten up enough that it might be worth chancing. I'll be keeping an eye on it and doing some fundamental research on it. CLF - they report this week and are trending towards $20/share before earnings. I think this one is a good gamble around earnings as it's trending up. Ford - halting production because of chip shortage. This was def timed after earnings to avoid a mixed message and I think this stock is part of a hype, but it can be played for the volatility.
In this episode, the January jobs number is released and looks disappointing. Today's market is going to be choppy. Look for our medium.com blog (@dailystockpick) to see the charts I discuss. FB - wait for $200-$220 range. AMZN - don't buy here - I think you'll see below $3k in the coming weeks. CLF - if it dips closer to $18, start the position. Earnings next week QCOM - Buy under $180 - it's held this level since earnings and should move up with NVDA report next week. SPG - Buy below $144 - good dividend yield and earnings next week plus our algorithm just triggered a buy with a MacD cross up
Facebook threw a Hail Mary that was intercepted and run back for a TD basically yesterday. They bombed on earnings and whatever they could do bad - they did bad. The technicals are out the window on this one, but I do think you can pick it up at a historic low. It's moved from a growth stock to a value stock over night and IMO, no small business today is moving away from their Facebook advertising. I also think that while they are spending heavily on the metaverse, this will be a good investment long term (think about when they paid $1 billion for Instagram - BRILLIANT). Snap and Amazon report earnings today after the bell so should you buy? I'm not as much a fan of buying AMZN ahead since they too have an advertising business that may slow and with AWS being the leader in cloud and Google and Microsoft saying they've increased their cloud businesses substantially, I don't see good news in the cards for Amazon. I do think they could increase the price of Prime or announce a stock split like Google did which would lift the stock, but I would rather wait and maybe after the fed rate increase I can pick it up around $2500/share. Snap is interesting since it's around the price of it's IPO. They have pre announced they have issues with the IOS privacy block and they may be in the same situation as FB, but since Snap is not currently profitable, I think you're gambling. I don't think it's not a GOOD gamble, but I do think it's risky at best. If you have the guts - go for it. Today I'm trading UVXY/SVXY and we will take a look at KOLD and BOIL since natural gas has been exploding with volatility of late.
It's a lucky day for 2's so let's make it 2 days in a row. Yesterday our analysis of Google and AMD made us significant gains overnight if you listened and bought. Today we're looking at 2 stocks in particular with earnings - Facebook (ie Meta) and Qualcomm. Both of these stocks we should have bought at yesterday's price, but they just didn't feel as positive as Google and AMD. If I had to pick one, it would be Qualcomm (QCOM) to play today. I think if you can get it under $180, it's a $200 stock by the end of the year even IF it goes down on earnings. They will have to have stellar earnings like AMD did to justify an up move, but I do expect with 5G expansion they will see significant gains. The guidance will be key. Today's "get in to play" stock is Cleveland Cliffs. They are an iron company and uniquely positioned for the infrastructure bill that's passed along with being one that flounders between $18-$25 many times before. Their earnings are coming up and the only downside to their earnings might be inflation and weak forward guidance (which I don't expect since we have trillions of $'s to be spent on infrastructure in the coming year). For volatility, continue to use UVXY and SVXY to day trade along with energy/oil. Natural gas is extremely volatile these days so play BOIL/KOLD.
Google and AMD are releasing quarterly earnings today after 4pm. Both stocks seem to have setups that look positive and past earnings releases indicate we could see pops in both. Facebook and Qualcomm release earnings tomorrow and these too look positive. All the charts from Trendspider and the algorithm I use are posted on Twitter. Oil is expected to hit $100/barrel in the future and if you believe that, UCO would be a good stock to trade. Today it's at $85/barrel so if you think it'll go down, trade SCO. If I were looking for short term trades, I would look at UVXY/SVXY to try and play some of those charts. If you have any questions, reach out to me on Twitter or Instagram.
Last trading day of Jan 2022. I go over some upcoming earnings reports that are happening this week. I think you can get in to some positions this week that should make some short term and/or long term opportunities. GOOGL - reports Tuesday afternoon - I think anything under $2500 is a GREAT buy - $2600-$2700 should be a good opportunity. FB - Meta reports this week as well. Anything under $290 is a GREAT buy IMO. I think long term they are going to be fine. NFLX - I think anything under $400 is a good buy, but under $360 is a GREAT buy. They will go in to gaming and all analysts still have a buy on it with higher price targets. Bill Ackman also is a new shareholder and this one should be going back to it's highs. Plus Reed Hastings bought stock last week. TSLA - anything under $800 is a GREAT buy. $800-$850 is a good buy. They will be back to $1000 at some point this year. We had a big day Friday and last week we had intraday swings of 1,000 points on many of the indices so be patient. Put in Bids and know when you're going to sell (up and down) to control your gains and losses. We're on Instagram and Twitter so if you have any questions, let me know.