4-24 Pod - $TSLA earnings - should you buy now? Is this the market turnaround now? I bought more $MSFT $META and $AMZN
I'm actively buying the dip, but don't be fooled - 2 days of solid earnings and gains in the market don't always make the turnaround happen.
The QQQ weekly chart shows some caution that I go over in this podcast. I think the first 15 min of this podcast is a great listen to see where the charts are guiding us.
I also make mention the amount of scans that I found in my 4 hour algorithm indicate that we may see some short term bounce up here, but with Friday being what all eyes are on, these pops like TSLA today may get completely wiped out if inflation comes in hotter than expected. See all the scans at the bottom of this newsletter.
On the other hand, VOO does have an entry. This coincides with SPY having an entry as well.
Why do I like VOO over SPY? Because of the expense ratio. They mirror each other, but SPY is more used to trade options vs. buy and hold. It’s VERY minor, but this is why you should have Seeking Alpha Premium to be able to compare ETF’s.
One interesting trade is XXXX 0.00%↑ which is a 4X leveraged ETF against the S&P 500. It’s daily leveraged so DO NOT HOLD THIS LONG TERM.
WHAT DO YOU MEAN WHEN YOU SAY SCANS? If you didn’t know what the final section of this newsletter is when I say “SCANS”, this where I use my custom scan lists and look at stocks that show entries on the 4 hour algorithm therefore showing a BULLISH tendency.
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Spotify, Apple and YouTube Links
Spotify
Apple
YouTube
Pod Notes
Wednesday
Good news - mom’s laptop screen is fixed and it was the contrast setting that she messed up. I got messages that yesterday’s highlights were my parents calling for tech help and me yelling at the dogs so get ready - because there’s a social request for a stock that I find hideous and disgusting.
How good is the Seeking Alpha Quant? It’s killing it - here are the 10 stocks picked in 2024 and 2023 that are beating the S&P - this would have paid for your subscription
My parents portfolio bought more MSFT 0.00%↑ and AMZN 0.00%↑ and META 0.00%↑
I personally bought $META again.
Does all this buying mean I think we are on our way up from here? NO - it just means I bought the dip. Very rarely do you go back in a V to all time highs again, but at this point it’s worth the risk. I also think Friday’s PCE is going to be key and so these buys are just positioning for the long term.
Earnings
$tsla popped 10% in earnings and it settled down … they missed but not as bad as expected or it was priced in … I said $tslq in the algo had 13% avg gain and it was already there - the stock moved higher because they have updated the vehicle lineup to a lower priced vehicle in the 2nd half of 2025 - maybe that’s model 2
The earnings were horrible - margins down to 11% … it was 26%
But they released images of their ride hailing app pushing $uber and $lyft down
Earnings
$v beat
$mat beat
$txn beat
Again … earnings are coming in solid
$msft support?
$hlt beat and raised
$has beat and raised
$tsla up by 12% with horrible earnings and analysts are all giddy - look for it to pull back on some reality of fundamentals although fsd licensing may be the “tech company” valuation
$ba missed by less than expected
$T beat as well
$SMCI upgrade before earnings -
Seeking Alpha Premium benefits -
$amd moved in the quant to a strong buy
And analysis custom made just for me
$c is trading below book value and Mike mayo on cnbc this morning thinks they double by next year - he likes big banks here
Social Requests
I would never wear these, but it’s far better to wear crocs than those people who don’t get pedicures and wear sandals. Or - and if you listen to me and do this - just freaking leave - if you go on an airplane or to a public restroom in sandals - I don’t want to know you.
yeah …. But it’s about the debt they took on … look at the history of pe
SCANS
DIS
GOOG
VOO
XLY
COST
PLTR
CRWD
CAT
ETSY
CRM
QCLN
SQ
SNOW
URI
PLTR
MOD
TOST
ONON
COIN
PATH
GLBE
MDB
TWLO
SNOW
TEAM
DOCN
STRL
OKTA
CAT
PYPL
CRWD
MELI
FTNT
WYNN
MGM
XPEV
ARKG
ARKW
ARKK
ARKF
TRV
CRM
CAT
DIS
ISRG
MRNA
NXPI
MCHP
ODFL
ADSK
BKNG
CDW
DLTR
ABT
MA
GE
TXN
Bitcoin and Crypto
BTOP
BETH
DEFI
AETH
Covered Call ETF’s
XLYG
QQQY
SPYI
Energy
PARR
RIG
PXD
XLE
Leveraged ETF’s
UPRO
SPXL
HIBL
XXXX - this might be a good trade at 4X levered
TARK
CONL
Low Cost ETF’s
VXF
VBK
VSS
VTI
VOT
SPY
VOO
VWO
SPDR Sectors
XLY
XLI
XLE
XLG
XLC
3 buys and I like them all.
I was really throwing around Meta trading these earnings but going to trade Google instead. Like that it's been unloved but also has some nice strength of late.