Daily Stock Picks

In today's episode I tell you what happened yesterday with the worst day in the stock market this year. Long story short - while selling happened - buyers just didn't show up which meant the floor and support fell out. We've seen buyers show up before which propped up the market. 

Then Cathy woods went on CNBC yesterday and she said we aren't in a bubble. When asked if recent sell offs of her stocks (which are down up to 90% off their highs) will ever come back - she said YES! She believes they will hit all time highs and beyond and the market is just unjustly not recognizing innovation. The analysts asking questions all said - innovation is great - but the market needs earnings at some point. 

Ukraine is a mess, but the alliance against Russia is strong. There are talks scheduled this weekend so tread lightly on stocks today. 

Oil is down because of a possible Iran deal which could OVER supply the market. 

NVDA down yesterday despite GREAT earnings - BUY IT! 

Roku crashed - I said tread lightly. The revenue was lower than expected which doesn't bode well for their forecast. 

Draft Kings - again - no earnings

Target - this one may be a good opportunity with earnings coming soon. 

SKT was a dud on earnings - keep it for the dividend if you like, but I don't see a catalyst for this one after earnings. 

2 big opportunities

Morgan Stanley - took it on the chin yesterday and they will benefit with higher interest rates

FB - this one is crazy low considering they will grow. Just how much are the spending on the Metaverse vs. when will that show a profit? 

XLV - this is a healthcare ETF who's number 1 holding is UNH - this is a defensive play that shouldn't be affected by higher interest rates and so this may be an opportunity. 

It's a bit of a non newsy day so I don't expect much, but I do think we're going to see something similar to what we've had the past 4 days. A down morning and then an afternoon relief rally that brings things back. 

PLTR - missed earnings - down big

UPST - this one blew away earnings and was up 30%+ yesterday. It's still undervalued and I'll post a twitter video explaining it. 

AMZN - AWS may be undervalued by as much as $1 Trillion. This would indicate big upside in the stock. 

ROKU - not sure it's worth the risk to play earnings today after the bell. Tread carefully. 

NVDA - they beat earnings and slightly down. There's a platform building at around $260. Buy and hold this one and be comfortable with your entry. 

DASH - Doordash beat expectations. The Wall Street view is they are more focused than Uber/Lyft so they are up big in premarket. 

FB - still say buy under $220

ARKG - if you think ARK's are done falling, we have a buy on the algorithm here. 

From our podcast yesterday, some of our plays look good. 

Devon - DVN - the earnings were good and I'm hanging on for my 5% gain at $53 which should hit today. 

Upstart reported earnings - we didn't go over this, but wow

NVDA - soared yesterday and it might be too late to get in before earnings. 

SHOP - they beat but guidance was down - this shows you that earnings even if good can get hit - down in premarket

ARKG - buy signal at $49.79 - do you trust ARK to get in at that price? 

PLTR - they report soon. Buy price in the podcast, but you'll need to focus on their contract additions

SKT - earnings tomorrow - could be a catalyst 

ROKU - the guidance of TTD that went WAY up when they announced and just crashed does not bode well for ROKU. It's always a gamble around earnings. 

FB - this is one of the best technical setups for a gap fill above that I see. The danger is the EU enacting privacy and FB deciding to pull out of the EU like they have threatened. 

Of the 100k troops Russia has on the border, 10k have moved back. I'm not sure that's significant, but it did make the futures pop. 

SQ - this one is on the move up - earnings are coming up and it's a gamble to get in at that PE

SKT - I think you're looking at a good opportunity, but the chart has some conflicts

NVDA - it's on it's way up and we have earnings coming. 

ROKU - earnings look like it may be a catalyst depending on what they say

I also go over why traders/investors should have patience. I entered Morgan Stanley in a bad way and have lost money on this one. It's a long term position, but I also need to remember - patience is key when trading. 

Happy Valentines Day. I'm discussing Ukraine, energy and some of the stocks that are reporting earnings today. 

I discuss some YouTube channels and videos that I watched over the weekend that were great. Links posted on Twitter. 

For stocks I discuss:

CLF - earnings came in and hopefully you made the trade. I'm out of this one, but I do think they are unnecessarily selling off. Good opportunity to get back in on this one. 

UA - Until they fix the supply and cost issues, I would stay away from this one. I got in and got out based on the trade. 

SKT - They report on 2/17 and it's looking to set up nicely. I still think there's significant risk in the market overall. 

NVDA - Anything under $220 in my mind is a good buy, but I look at this one as more of an investment vs. a trade. I think you should be in this stock for the long run. 

ROKU - There's risk in this one as it's been trending down since August. The earnings reports for the past 4 reports have not produced positive results. NOT SAID in the podcast, but maybe look at $TTD as a better opportunity. 

FB - this is a stock that's moved from a growth stock to value. The P/E is 15 right now and there's a big gap up that may be filled over time. I was not impressed with their Super Bowl commercial, but I will be buying more of this stock to fill a position. I am not a big FB user, but I do still love Instagram. 

I go over the 2 earnings plays from this week - CLF and UA. Both of these made money in the algorithm and are still not sells, but I took profits. 

I also go over the inflation numbers from yesterday, the St. Louis Fed governor who tanked the markets in the afternoon and where the March rate increase sits. 

For next week I think there are a few plays:

SKT - this would be my least attractive - look at the medium blog to find out why and what price targets you think are good. 

ROKU - this is one I think has a good chance of seeing a pop. 

NVDA - also I think this has some good volume shelves that might be magnets for a move up. 

SQ - I think this has opportunity, but be careful with that PE multiple. I am holding this long at 50% higher than it's trading today. 

I recorded this prior to CPI data, but we're seeing a huge inflation number and the market has shifted to expect a .5% (not .25%) rate increase in March. This will lead to a down day on the market because of this but there are opportunities. 

Disney - beat - up over night

Uber - beat - up over night

Twilio - beat - up over night

Mattel - beat - up this morning

Opportunities discussed:

F - under $18

Coin - under $200

CLF - reports at 10am and I've gotten out after a gain before the earnings announcement

UA - they were up 4% yesterday - reports tomorrow

SKT - with the down market this could be a good opportunity to buy before earnings next week

I missed the Peloton buy. I go over this in detail here and on the blog on medium (@dailystockpick3). I am not sure if you should buy this one, but there are some interesting chart features that may be serving as a magnet to drag the price up. OR this could be a short squeeze. Either way, I'm staying out, but if you have the gambling forte - go for it. 

COIN - good buy under $200

QCOM - great buy under $180

BRK.B - great long term buy - a bit over bought right now, but will be at a discount later. Keeping an eye on it. 

Uber - reports earnings after bell today. Should already have Lyft earnings factored in. This has just been a bad business model until autonomous driving becomes real. 

CLF - great buy on this if you got it around $17. You're already up almost 20% on that buy. They report later, but I continue to think it should be around $22. 

SPG - not a buy - it's still got some downside. 

SKT - looks like this one might be good with earnings coming up. It's got the SPG earnings already factored in. 

Peloton hired the former Netflix CFO as their new CEO. He's now moving from California to New York so my guess is with both of these, no sale. Check out the Medium blog at medium.com/@dailystockpick3 for more details. 

Today's stocks:

PTON - I don't think I would trade this one. It looks like a long rehabilitation process in the company which will make it difficult to trade. 

F - you may be able to get this one around $16 - I wouldn't buy now, but I do think you'll see pops back to $22

SPG - announced earnings and while things look strong for 2022, the stock has opened down

UA - still researching ahead of Friday earnings

CLF - still looking strong heading to earnings

COIN - we go over why I think this is a good gamble with the recent crypto spike and what price target you should look at. 

We're looking at some of our suggestions from last week and what we're looking at this week. For more information, read the Medium blog @dailystockpick3. I'll include all the charts discussed along with a little more in depth look at these stocks. 

Today's earnings - Simon Property Group (SPG). I think if you can get this close to $140, it's a good chance earnings and guidance will be good. There is a significant dividend here, but the past few earnings have been good. I'll probably be picking some of this up. 

Today's announcement - Peloton - should you buy this before Nike or Amazon buy them out? They report earnings this week and it might be a perfect time for an acquisition announcement. 

Under Armor reports on Friday. This one has been a good play around earnings of late and has been beaten up enough that it might be worth chancing. I'll be keeping an eye on it and doing some fundamental research on it. 

CLF - they report this week and are trending towards $20/share before earnings. I think this one is a good gamble around earnings as it's trending up. 

Ford - halting production because of chip shortage. This was def timed after earnings to avoid a mixed message and I think this stock is part of a hype, but it can be played for the volatility.