Daily Stock Picks

In this episode, the January jobs number is released and looks disappointing. Today's market is going to be choppy. Look for our medium.com blog (@dailystockpick) to see the charts I discuss. 

FB - wait for $200-$220 range. 

AMZN - don't buy here - I think you'll see below $3k in the coming weeks. 

CLF - if it dips closer to $18, start the position. Earnings next week 

QCOM - Buy under $180 - it's held this level since earnings and should move up with NVDA report next week. 

SPG - Buy below $144 - good dividend yield and earnings next week plus our algorithm just triggered a buy with a MacD cross up 

Facebook threw a Hail Mary that was intercepted and run back for a TD basically yesterday. They bombed on earnings and whatever they could do bad - they did bad. The technicals are out the window on this one, but I do think you can pick it up at a historic low. It's moved from a growth stock to a value stock over night and IMO, no small business today is moving away from their Facebook advertising. I also think that while they are spending heavily on the metaverse, this will be a good investment long term (think about when they paid $1 billion for Instagram - BRILLIANT). 

Snap and Amazon report earnings today after the bell so should you buy? I'm not as much a fan of buying AMZN ahead since they too have an advertising business that may slow and with AWS being the leader in cloud and Google and Microsoft saying they've increased their cloud businesses substantially, I don't see good news in the cards for Amazon. I do think they could increase the price of Prime or announce a stock split like Google did which would lift the stock, but I would rather wait and maybe after the fed rate increase I can pick it up around $2500/share. 

Snap is interesting since it's around the price of it's IPO. They have pre announced they have issues with the IOS privacy block and they may be in the same situation as FB, but since Snap is not currently profitable, I think you're gambling. I don't think it's not a GOOD gamble, but I do think it's risky at best. If you have the guts - go for it. 

Today I'm trading UVXY/SVXY and we will take a look at KOLD and BOIL since natural gas has been exploding with volatility of late. 

It's a lucky day for 2's so let's make it 2 days in a row. 

Yesterday our analysis of Google and AMD made us significant gains overnight if you listened and bought. Today we're looking at 2 stocks in particular with earnings - Facebook (ie Meta) and Qualcomm. 

Both of these stocks we should have bought at yesterday's price, but they just didn't feel as positive as Google and AMD. If I had to pick one, it would be Qualcomm (QCOM) to play today. I think if you can get it under $180, it's a $200 stock by the end of the year even IF it goes down on earnings. They will have to have stellar earnings like AMD did to justify an up move, but I do expect with 5G expansion they will see significant gains. The guidance will be key. 

Today's "get in to play" stock is Cleveland Cliffs. They are an iron company and uniquely positioned for the infrastructure bill that's passed along with being one that flounders between $18-$25 many times before. Their earnings are coming up and the only downside to their earnings might be inflation and weak forward guidance (which I don't expect since we have trillions of $'s to be spent on infrastructure in the coming year). 

For volatility, continue to use UVXY and SVXY to day trade along with energy/oil. Natural gas is extremely volatile these days so play BOIL/KOLD. 

Google and AMD are releasing quarterly earnings today after 4pm. Both stocks seem to have setups that look positive and past earnings releases indicate we could see pops in both. 

Facebook and Qualcomm release earnings tomorrow and these too look positive. 

All the charts from Trendspider and the algorithm I use are posted on Twitter. 

Oil is expected to hit $100/barrel in the future and if you believe that, UCO would be a good stock to trade. Today it's at $85/barrel so if you think it'll go down, trade SCO. 

If I were looking for short term trades, I would look at UVXY/SVXY to try and play some of those charts. 

If you have any questions, reach out to me on Twitter or Instagram.  

Last trading day of Jan 2022. I go over some upcoming earnings reports that are happening this week. 

I think you can get in to some positions this week that should make some short term and/or long term opportunities. 

GOOGL - reports Tuesday afternoon - I think anything under $2500 is a GREAT buy - $2600-$2700 should be a good opportunity. 

FB - Meta reports this week as well. Anything under $290 is a GREAT buy IMO. I think long term they are going to be fine. 

NFLX - I think anything under $400 is a good buy, but under $360 is a GREAT buy. They will go in to gaming and all analysts still have a buy on it with higher price targets. Bill Ackman also is a new shareholder and this one should be going back to it's highs. Plus Reed Hastings bought stock last week. 

TSLA - anything under $800 is a GREAT buy. $800-$850 is a good buy. They will be back to $1000 at some point this year. 

We had a big day Friday and last week we had intraday swings of 1,000 points on many of the indices so be patient. Put in Bids and know when you're going to sell (up and down) to control your gains and losses. 

We're on Instagram and Twitter so if you have any questions, let me know. 

In this episode I discuss that we've seen huge intraday swings in the market this week so should Friday be the same? I also discuss where I think the S&P might end the year based on some discussions I've had with Fidelity. There are levered ETF's that might offer opportunities. 

UCO/SCO is a good play. If we had bought UCO and held this week, it would have been a nice 10% move. 

UVXY/SVXY were very good trading options this week for good gains. 

TSLA under $900 - is it a buy? 

MSFT under $300 - is it a buy?

FB under $290 - is it a buy? 

Maybe - there has been some support this week for these low levels and with RSI/MacD indicators all looking like upside is ahead, you may want to look in to adding these in your portfolio. 

PS: I woke up rather stuffed up and after listening to the episode my apologies for sniffing and coughing. 

I still think this market is headed down in the short term. Today's premarket is up, but it's been down and up all morning. Here's my take on the Fed  meeting yesterday, Tesla earnings, upcoming Apple earnings and what I'm buying. 

$ABT (Abbott Labs) is looking like it might be a buy especially with price targets and the technicals. I go over what I'm looking at. 

If you've got questions on specific stocks, let me know on Twitter or Instagram. 

$MSFT earnings last night may have been a trigger for a positive market today. $T also had positive earnings and $BA earnings were good despite the one time charges and write downs. On days like today, trading is preferred. Invest on down days. 

I don't think the downside pressure is over. The only reason you're going up is because it's sold off so much. Some of the biggest movers of the morning are the most beaten down stocks. 

UVXY was a good trade yesterday, but SVXY might be a better one today. Jerome Powell speaking at around 2pm is what will really tell us where the market will end the day. 

I still think long term your best buys right now are $MSFT, $FB, $GOOGL (Make sure to buy GOOGL since that includes voting rights and GOOG does not). 

I'm not looking to go heavy in today. We will start the day down (as has been the case). I don't expect a rebound like we saw yesterday. Check out my twitter for some good articles about how the S&P may go down to 4,000 (which would be an additional 10% move down). I talk about how I think $UVXY will go crazy today (already up 10% in pre market) and UCO/SCO may be good trading with oil fluctuation.

For long buys, I'm going to nibble on some $FB and $MSFT even though I think they may still have downside, I can move in with little positions today to dollar cost average. 

We're in for a severe sell at open. If trading, do UVXY, SARK, SQQQ. If investing, I would look at MSFT, AAPL and GOOGL as opportunities since they report this week. AMZN has more to fall IMO.