Daily Stock Picks

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Trendspider - Algorithm needs Elite level of service 

$Cvx under $160

$Vht or $xlv - if we have a recession these are good

$Cost ceo last night said this is a time when they build marketshare - the stock price could turn around

What happened yesterday was when the rug gets pulled out - we only went back to last Tuesday - so it only took a week out - but it was a good week - nows the time to grab what you can. Seriously - what changed about $AAPL in 24 hours? $MSFT? $GOOG? $AMZN - any of those companies you wanted at lower prices - you have them now.

$Kold and $boil for max on insta

$Gern for max too

Energy maybe the buy but recession fears will keep that down … buffet is still buying $Oxy

Helima Croft says Biden admin looking to refill reserves at $80/barrell which imo indicates that think it’s going higher

She says it’s still a supply issue - she says we are in this zone because the oil reserves have been there

If China lifts lockdowns - demand goes up - if eu sanctions in dec go in place - supply goes down

Because nat gas is used to make fertilizer there are some curtails on those producers right now

$MOS - cross up at $56 - selling at $52

$CF - head and shoulders pattern - since this has been in an upward trend - it could trigger a downward trend

Buyers are nowhere to be found right now - we may see that until next week

$PANW had 3-1 split

$Tslq and other single stock shorts like $NVDS

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Had a great chat with folks live on YouTube this morning, but we are looking at the Fed killing the market with their rate increase that's coming. 

With inflation going high, what can you buy here? Remember $SQQQ $SPXU $UVXY 

$COST

$Uber

$Lyft - some think it’s the next meme stock based on short interest

$Nio

$Rblx

$Aapl - demand may be high - site crashes in China based on release and pre ordering - raised prices over seas due to strong dollar

Cramer went over his story of cracking his Apple Watch in Italy and then losing his phone on the flight …. Then the Apple Store employee saying the 14 demand is huge in the stores

$Goog

$Msft

$Amzn

$Clf

$Roku

$Orcl earnings - outside of currency they beat

October end of strategic oil reserve releases - more supply issue for oil

$Lng raises dividend and buys more back and raises guidance … $160 was a deal cross up here at $160 - indications are it can still run with Nat Gas pricing still going up

Macd video on YouTube posted on Twitter

Do one indicator or fundamental per week to teach

Is $amc macd crossover? Kaitlin Duffy friend thinks so

If inflation starts to pause … credit suisse thinks the rally begins thinking fed will pause rate hikes

$Jpm $bac and $c are all benefits of higher rates so if the market thinks rates will be flat or go down these could get hit and it would be an opportunity

$V ceo says consumer spending is stable - hasn’t decreased

$NTT.

SCANS

$LNG

$AEO

$KWEB

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I go over how to use this podcast if you listen to it as background or in your car - subscribe to YouTube to see the charts (link above) and just remember the episode date and time stamp in the episode. 

$GO

$KR

$KHC

$PG

My retweet of a chart that shows institutional investors buying puts in the market - scary

$Tqqq over $30 again

Oil up and if China starts to open up then oil should be above $120 by year end

$GBTC and $ETHE

$DIS teases all new parks experiences over the weekend at conference and Dan loeb activist no longer pushing them to sell espn

$Mara at $14.50

Cpi inflation report tomorrow - let’s see what the White House says

$RBLX - Cowan $31 price target based on valuation and higher competition

$TSLA over $300

SCANS

$PANW - $564

$AZN - interesting

$CMCSA -

$ODFL - rail workers strike may come Friday - but this is an interesting chart

$RTX

A bunch of energy names had cross ups - but stick with $DVN $OXY $CVX $XOM $FANG $PDX $COP

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$SPY shows support on a my 4 hour algo as this market is oversold and could see a bounce. It's Friday so be careful. I do like $GOOG or $GOOGL here and I show you support at this price. 

Scott Minerd - legendary investor thinks markets are in for a 20% drop by mid October

That sharp of a move will drive $uvxy way up

$DRV has the button hook - SELL IT

Shift pixy - crazy move - $pixy

Joe terranova - one oak natural gas $oke

$snap - is it moving? I’ve been using it more - but still think $GOOG is the social media play 

$NKE to $120

$Goog is still crazy cheap

$Czr may be the play for nfl season

$Docu earnings

$Rh earnings

No new oil reserves distro from emergency oil reserves bidenn admin says

Oil is up

Market is just oversold- that’s why it’s going up - remember the fed is going to raise rates and kill demand - don’t fight the fed and trade the trend

$Gm relwased and commercial with ev equinox on nfl last night . It looks good … gm has some hype

$Amzn and $edr are top picks at Morgan Stanley - endevour sports rights payment

$ZS souring with earnings and Wells Fargo upgrade - beat and radishes outlook - cyber is a sector that should be buy and hold but trading it has been great

Crypto - ftx buys in to skybridge - ftx will rule crypto at this point - it’s also clear scaramucci needed cash to stat afloat - this was not a sale he wanted to make - he had investors fleeing

Look at $mara since I like that one

$vale $CLF

T-Mobile $tmus announced buyback - remember that buyback may affect pe and other metrics like earnings per share in a very positive way

Scans

$PEP

$AMD

$VZ

$PG

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$AAPL event 

Carter worth times it perfectly on Aug 17 to sell it …down 10% since then …. Down 13% from its high - he’s saying stay out of apple … if you’re short … get out but if you’re not long don’t buy - just stay out until a pattern emerges

If u shorted it - get out - if u trimmed - stay on the sidelines

$Roku

$SEDGE

$UPST

$NOW

$ENPH

$MELI - was a question from a listener on this one - it passed up and there are gaps

$RBLX - make no mistake - they are expensive - the interest rates going up means this might go down - but the stock has been beaten up

$DLTR - interesting move

$NEE - energy

$BABA

$APPH

$Clf

$Orcl

$Qcom

$Spg

$Unh

$Cost

$UPRO - bull

$SPXU - bear

$SPXL - bull

$TQQQ - bull

$SARK - bear

ENERGY

$Cop

$Dvn

$Oxy

$Xom

$Cvx

$Fang

$DE

$MRNA - The $134 was good

$DRV

$GS

$CGC

$TLRY

$CRON

$MU

$CRK

$VET

$MARA

$Hood

$D energy for Tom

Putin has officially gone full war with energy and the threat of grain out of Ukraine even though he had agreed to ship it out - he may pull that agreement back with eu sanctions on oil

Katie Stockton who called the recent move down almost perfect said the market is still down … they can’t find an upward trend in anything but the etf $corn

Corey from Insta - $CSIQ

Scans

$CSCO

$BA

$IBM

$DIS

$MMM

$AMD

$PEP

$NVDA

$APPH

$SOCL

$PLUG

$MU

$UPS

$JMIA

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What did Bill Ackman say about when the markets will move higher? 

$CPHT

$INDI

Treasury yields went up - nasdaq went down

Recession fears up - energy on demand worries goes down

Choose your side because we have no clear trend and I’m apt to be patient until we do - but with nat gas it’s clear we should have a run

Ziptrader Charlie says buy $PLTR - why?

Putin said eu cap on Russian gas is absolutely the reason for the gas pipeline shutdown

We now have confirmation they will start an energy war with Europe

3.5% on thr 10 year bond will be a start … fed wants it at 4% so expect nasdaq downturn with high growth going down as we get there … once we get there it might be a break

Wall Street journal story that the fed is going all in and will be long term raising killed the market futures

Big news is $AAPL event but there’s no real surprises - new iPhones - new watch and probably nothing huge - ar headset and car are still not announced - pricing is the big question as inflation has hit … so will they go $100 up?

SCANS

$SEDGE

$UPST

$NOW

$ENPH

$MELI - was a question from a listener on this one - it passed up and there are gaps

$RBLX - make no mistake - they are expensive - the interest rates going up means this might go down - but the stock has been beaten up

$DLTR - interesting move

$NEE - energy

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Watch this recording LIVE on YouTube when I tape or the replay that includes all the charts and information I look at. 

This market is going to be up and down. It's best to stay patient and wait for an identifiable trend to appear. 

Do $spy and $AAPL long term charts

Opec cut … oil sharply higher - don’t say I didn’t tell you

Nordstream didn’t open back up so expect significantly higher nat gas prices in Europe

$CVS buys signify health (outbids $AMZN) - $WBA cross up

No real catalyst for tech until cpi data next week

GOLDMAN: “.. we have argued that the US economy can achieve a soft landing, even though the path is narrow. .. we see some encouraging signs that the economy is moving toward .. these goals.” [Hatzius]

Cardinal health and Elliot management agree to add board seats … this is the same group that’s working on Pinterest

Chinese stocks are sinking with covid lockdowns … 60 million people in China are under lockdowns - $BABA $NIO

What happens when China opens up?

Europe it’s been nat gas - us it’s been oil and gas - but at the basic it’s energy

$Boil down to $90 - could be an opportunity - uk nat gas down 14% Dutch down 10% - gameshow in uk was offering energy bill payments as a prize

$Uco $sco

$Voo

$Cvx under $160 still

$Oxy under $70

$FANG

$DVN

SCANS

$PFE

$LMND

$BMY

$UPRO - bull

$SPXU - bear

$SPXL - bull

$TQQQ - bull 

$SQQQ - bear

$SARK - bear

Support the podcast: https://anchor.fm/dailystockpick/support

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Go to YouTube to watch the replay of this podcast recording to see all charts and screen shots. 

I'll just list the stocks that I looked at below. I want to reiterate - I think we're in a bear market and I don't expect a long term uptrend YET!

$NKE

$QCOM

$NVDA

$PSQ

$SARK

$DE $DVN

$Shy

$Uber

$Clf

$Ba

$Avgo esrnings

$Lulu earnings

$C

$Bac

$Gs

$Googl

$meta

$Pbr

$Dis

$Clf

$Mara

$Mrna

$Apls - dr tom says this is better than abbv and citi did say it was too 2022 stock

$BABA

$APPH

$Fcx

$Spg - I really like this chart heading in to the ex dividend date

$Unh

$Cost

$TQQQ - bull

$Oxy

$Xom

$Cvx

$Fang

$DRV

SCANS

$JNJ

$TGT

$SQ

$ABT

$PLT

$ABBV

$LMND

$UPST

$UBER

$SIRI

$CMCSA

$BIIB

SUPPORT THE PODCAST: https://anchor.fm/dailystockpick/support

First day live on Youtube with screen share - https://youtu.be/x6_vmSz3hG4

I look at the $SPY and go over why I'm being patient with any purchases and why I'm likely to only trade and not necessarily jump in for long term investing. I explain why July was a bear market bounce.  

Jackson from Instagram asked me to look at $PRTY 

$LULU reports after earnings - it's a falling knife

$CMCSA - not a fan 

$MOS 

$AAPL look at gap fill 

$CRM - this one looks like it could pick up in Sept 

Nat Gas stocks

$LNG

$TELL

$SRE

$EE

$ENB

$DVN $OXY - pivot at $70 - sell over - but buy under $65 IMO

$CRWD got killed after earnings because of PE - look at $PANW

Tom Stocks - $GLS $DAC $NVGS $TNP $STNG $ASC $CHRD

$NVDA - how the Pelosi insider trade should be absolutely illegal 

$GOGL

$SARK $SQQQ $SPXU

Bullish ETFs: AXS 1.5X PYPL Bull Daily ETF (PYPT), AXS 2X NKE Bull Daily ETF (NKEL), and AXS 2X PFE Bull Daily ETF (PFEL).

Bearish ETFs: AXS TSLA Bear Daily ETF (TSLQ), AXS 1.25X NVDA Bear Daily ETF (NVDS), AXS 1.5X PYPL Bear Daily ETF (PYPS), AXS 2X NKE Bear Daily ETF (NKEQ), and AXS 2X PFE Bear Daily ETF (PFES).

$TWTR - Edit button! FINALLY

$Zephan from Insta and the Rich Dad Podcast - Bond funds - $ZROC $TLT - I'm a fan of this for safety but long term it makes no sense. 

SCANS

$ROKU

$SDGR