4-30 Pod - $AMZN, $SMCI, $AMD earnings previews plus - $AAPL upgrade data and $TSLT was up 30%
Today is a HUGE day for earnings and here are the charts and ways I'm trading around these earnings.
There are 2 things that I found particularly important today:
QQQ did not pass the $434 resistance yesterday
Morgan Stanley believes inflation will subside
With both of these, I’m not making large moves with my portfolio and I’m patient. Tomorrow there is a Fed announcement where no increase/decrease should happen, but Jay Powell’s press conference will most likely move the market.
Today’s earnings are HUGE with AMZN (part of the Great 8), SMCI (a big position in my portfolio and an outlook on NVDA) and AMD (the 2nd largest chip company that should provide guidance on how much demand there is for semiconductors.
Spotify, Apple and YouTube Links
Spotify
Apple
YouTube
Pod Notes
Tuesday
Fed news that they expect to borrow $41B more than expected next quarter took the market down
The $aapl upgrade yesterday was more significant than I thought because the analyst who upgraded it to buy has had a hold on it since 2018.
Toni Sacconaghi of Bernstein said China was more cyclical and that $AAPL is having a Buffett moment where you buy when others are fearful. What’s interesting is Bernstein has been on the right side of Tesla because they do NOT need investment banking income.
He says it’s cheap to itself historically
$MSFT or $META? Which one?
Trendspider $tsla strategy
$tslt was up a ton so that might be a good way to play this strategy
$TSLA job cuts
Cloud growth
$nvda interview -
Structured alt protection etf - calmos protection ETFs - caps your gains but it provides downside protection
$CPSM - S&P
Nasdaq coming out in June
This was on etfedge on cnbc yesterday
Commodity ETFs
$shop moved
Earnings
$NXPi is an auto semiconductor business - the results may indicate a “soft landing”
$mstr earnings
$PYPL beat and is going crazy - I gave up too soon
$LLY soared after raising guidance and says there’s more in the tank
$MCD had a “yawn” quarter and nothing major
$GEHC missed but may provide a good buy - the guidance
$MPC beat but it’s down just giving back what it made yesterday
Earnings tonight
$amd strategy before earnings
$SMCI is implying a 14% move
$AMZN is the big boy
Even $muln traded way up - a long time listener Joe has traded this with the 65 min algo pretty effectively
Social requests
SCANS
DVN - going in to earnings with strength but it rejects off $54 every time
LAC
COP
BOIL
CAH
DE
LYFT
LMT
PFE