5-9 Pod - Earnings Opportunities - I bought $UBER - why? Simple - an over reaction as shown in the charts for a gap fill
This earnings season is presenting over reactions in the market. $JPM gap filled after an earnings selloff and $UBER is about to gap fill up after that over reaction.
In this podcast I go over how to find the over reactions to earnings. JPM went down after their earnings (which were stellar) and yesterday UBER did the same. The charts speak for themselves.
Listen or watch the Podcast to see how I use these tools to both find opportunities around earnings
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Pod Notes
Thursday
Initial Jobless claims up - good for the market as a weakening job market might trigger rate cuts
Utilities are leading and $xlu might have finally made the turn
$pltr
UBER - see above for 5 min chart - I bought more $uber - nothing big but I wanted to get it as on the 5 min chart it started to fill the gap up. It’s ridiculous that the only thing that took it down was the write down. everything else was good … they haven’t sold those assets … they just wrote them down.
I had the tv on and I bought right before this rant
I ordered from $chwy yesterday …. Great experience - still not a fan of the stock
Earnings
$cart - beat on everything and killed it - guided higher - initial reaction up 4%
$abnb - killed it on earnings and bookings - guidance was light / they said they saw modest daily rate increase - down 8%
I think Brian has been killing it with analysis lately
$hood - killed it with record revenue - assets under management up 65% year over year. Transaction revenue driven by crypto which was up 232% - up 4%
$duol got killed
$kvyo - was weak going in to the earnings and beat - was up 8% on release
$arm - guidance in line and they killed it on earnings and yet the stock was down 8%
$RBLX - hopefully you sold over $40
Wait for it to find a footing and then buy it to pop to $40 again.
$GCT beat, but it is just hanging on - this is all profit taking - not to worry - the upward trend has not changed.
I said to watch $HUBS yesterday
Social requests
The paid newsletter this weekend will highlight 5 Alpha Pick stocks that I personally either own or like with a full analysis.
SCANS
MPLX
KO
PEP
WFC
BITW
JPM - great post earnings gap fill
UPS
MRK
DQ
LIN
Energy
MPC
XLE
BTU
SUN