6-24 Pod - $AMZN $GOOG are buys - $MSFT bullish - $NKE $MU $CCL earnings this week - July 100% win rate
This week's earnings have opportunities, but be cautious with $QQQ showing some weakness
If you’re not weighted towards tech, things probably look rosy right now, but I would argue with the great rewards we’ve seen in tech, you’ll be rewarded even if you’re seeing some pullbacks. The long term trend of QQQ has been worth sticking with. The key figure this week will be Friday’s inflation number, but we’re seeing consumer spending beginning to crack. It doesn’t take a genius to figure out that McDonalds and Starbucks saying they need to lure customers back in to their stores means 70% of the economy might be slowing. Add to it the GDP revision in Q1 being brought down, this very well mean a cut in July is coming. With QQQ having a 100% win rate in July, I’m trying to set my portfolio up to take advantage of the opportunity.
Spotify, Apple and YouTube Links
Spotify
Apple
YouTube
Pod Notes
Monday
My favorite Hawk Tuah meme video
Bitcoin is crashing, but it has been over the last month
Catalyst watch - what to expect from each day this week - I read this article every Friday to make my plan for the week ahead.
I did a custom Finviz Screener for paid newsletter subscribers this weekend and $CELH came up on it
$goog $amzn
$goog seasonally too
$msft bullish macd cross up
NVDA - don’t sleep on this pullback - read my weekend newsletter to see my plan.
Interesting play on equal weight for medium cap tech names here
8 breakout stocks
Earnings
$mu earnings this week …. It may be overdone so the multiple but if earnings go up … this could reclaim highs again
$fdx - the benefits have come from cost cutting and not being growth. This may be a bottom at historically 14 times earnings
$ccl - revenues at record levels and free cash flows at near record levels and its near good times. Look at the difference with $rcl which could be a better bet. There’s a double top around $19 or $20
Remember that Webull alerts you every Monday about the upcoming catalysts.
Social requests
great catch …. Changed it
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With Nasdaq up about 18% YTD and -2% off the highs it's not all that painful just yet! =]