5-8 Pod - $SHOP and $UBER - what happened? Plus how to look at these stocks and determine which stocks should be in your portfolio
This podcast goes over the entire way I look at stocks and how I find opportunities. Plus are SHOP and UBER buys now?
We are making small steps up and the market is very tricky right now, but overall we are still in an uptrend. To be very clear though - stocks reporting earnings need to both beat and guide higher in order to be rewarded. Any company that has any ambiguous guidance is being taken down. SHOP had a stellar quarter, but is getting killed. When their CEO was asked “What happened to the stock?”, he replied that he has a history of under promising and over delivering and he doesn’t look at day to day stock changes. I liked the answer and liked the history of this stock.
Listen or watch the Podcast to see how I use these tools to both find opportunities and manage my portfolio
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Pod Notes
Wednesday
$amzn going over $200 after the $188 resistance turned to support
Earnings
Another Alpha Pick KILLS it - STRL - Get more information on Alpha Picks using this link!
Uber lost more than expected which brought the stock down. The CEO said the goal is to be consistently profitable which is tough, but ridership is up and use of the platform is up overall. They had to take a write down. Remember - stocks in the core portfolio are good companies with good earnings with good products and good management. That’s a recipe for good growth and while Uber may trade down today, I think that’s a buying opportunity.
SHOP also got killed after their announcement - revenue guidance was not as high as expected. “High teens” vs. 19%
$RIVN did okay, but not good enough - and nothing about an $AAPL partnership
$AFRM killed it and was up 5%
Ones I find interesting today are:
ARM - I can’t imagine it doesn’t get brought down on valuation
ABNB - I constantly use this and I do like the product
HUBS - it’s killed it in the past, but Seeking Alpha analysts don’t like it - the Quant and Wall Street do.
TTD - this is a company that I really think is in a very good industry - streaming ads
SEDG - which has a certain thorn in my side - solar focused on Europe
IONQ - quantum computers - it’ll be interesting
DUOL - this has killed it
RBLX reports tomorrow morning - it’s over $40 - it still might get a pop, but I don’t like to buy it over $40
GCT reports tomorrow morning as well - I have a big stake in this one
A stock that just reported that I’ve been reading about more and just joined the S&P is $VST - remember - joining the S&P is not something that’s always a great thing for a stock that’s up. Look at TSLA after joining and recently SMCI. The more I hear about the energy that is needed for AI, the more I think that’s the place to put some AI money to work.
Don’t sleep on RCL
Filling the Strategic Oil Reserves last time spiked oil - they are looking at $79 to refill it now.
Social requests
SCANS
BAC
UNH
TGT
GLBE
ELF
SOFI
GEHC
CSCO
NKE
ANSS
XEL
ADP
PCAR
IDXX
RTX
BK
MET
MA
EMR
Bitcoin and Crypto
BETE
DEFI
BITW
Covered Call ETF’s
QQQY
QYLE
Energy
HAL
MRO
SHEL
CHRD
Leveraged ETF’s
UCYB
TSDD - this one looks interesting as the hype dies around TSLA and a gap above
BAR
TSLS
COMB
TSLQ
Unless there’s a quantum jump in EV technology, I don’t see how ANY stock will rise any significant further amount. The people are starting to look at the reality of EVs and don’t like what they see. Apple would be insane to jump into this market…