Daily Stock Picks

$TGT missed

$LOW meets

We are going to chop around - 2pm minutes of fed meeting comes out but it’s from a July meeting where we still saw bad things … the market is expecting a 50 point hike but if they do 75 we might see the pullback

$BBBY is crazy …. Ryan Cohen bought huge options way out of thr money at $60 and $80 per share

It’s up another 25% today … but there is no reason for it to be there … thr rug pull could happen if they issue shares …

$Zim down - buy on weakness

Elon teeeted he was buying $MANU and then said it was a joke

Buy the dip on $TSLA - Squawksquare on Twitter says - big TSLAnaire

Weekly mortgage demand down to lowest level in 22 years - down 18% annually

Refi down 82% from this time last year - $dvn at some point goes up when the market goes down

Housing starts are at a 17 year low - housing organizations are saying we are in a housing recession

$Boil is way up again - look at lng too

$COST is a good retailer to play

$Pbr

SCANS

$TWLO

$KIND - Nextdoor - the alt right home of Karens

$DRIP - $17.43 -

$CDNS - too much of a run

$CLF - wow if you got it at $15 or so

$UVXY

I think buying energy on weakness today is the play. With oil at $88/barrel you're looking at close to the lows IMO. 

$MU for Liam

$Zip for Brian - earnings coming up and employment market

Earnings this week will be key … remember as traders a key is patience - don’t force a trade just to trade - have a plan and execute it - if things go wrong always have an exit strategy too

$WMT $LOW $HD $TGT

Maybe start a newsletter … I have that and video on my to do list

Oil down $4 to $88 - which means all our energy plays are down …. Buy them on weakness - Saudi said they could increase output but Dec russian sanctions and China demand are still lingering

Look at $uco down 10%

China cut rates after their economy slowed and numbers were weak … every other central bank is raising rates with inflation around the world ….

$AAPL testing ads in their apps … with their base this could be huge for the stock

$FPX $DVN $OXY $CVX $XOM $MRO $FANG all down 3%-4% - buy on weakness

$TSLA - made 3 million cars

Scans

$Nke at $115

$Tgt $172

$Qcom

$Orcl

$Amat

$Sedg

$Rblx - interesting that I saw a report over the weekend that the only place creators are making money in the meta verse is Roblox and not meta because roblux has the users

September fed tightening may kill this market so be cautious

The market wants to go … but it’s been huge for 45 days now

$Gs

$Clf

$Boil

$Pbr ex dividend date - 44%

$Orcl

$Lng above $150

$MU Micron for Liam

Explain why buy and hold is much better than trading and why sitting on your hands is always better because you just can’t time things

$Cop

$Dvn

$Oxy

$Xom

$Cvx

$Fang

Nat gas is down - boil had a huge day yesterday - $boil cross up at 98.14 - but remember I don’t like to trade it that way

Most recessions don’t have oil demand going down - it goes up even during the recession

China is still in lockdown which is why demand is low overall - most likely not price demand destruction

Emergency reserves are still being used and needs to be refilled - spr - 150 million barrels so far - as soon as that stops and Russia sanctions start - and China opens - boom

And us is expected to have many more people going back to the office after Labor Day

$ARKK fav $ILMN

$AAPL tells suppliers to make as many iPhones as they did this year suggesting demand is still high

$Tqqq

$Rivn

Inside buys for the week

$ET chairman bought $30m of shares ….. 3rd biggest inside buy in the last 5 years- stock is 20% off the highs so he’s buying in to strength

Redbox is now chicken soup for the soul -$csse

$Mrna pullback

And guys … I’ve had a lot of winners lately but that’s the market … realize that during the down days it was tough to find winners and my long term portfolio was down. I probably should track my portfolio separate with buy and hold vs trading but I look at overall and I’m down 13.6% ytd …. So if you’re up in the past 2 months like me it feels good but I do think we are heading back down so just make sure you’re comfortable with your portfolio … if you aren’t now is the time to fix it while it’s up … not when it’s down

But earnings next week with wmt hd low target and many others … remember they disappointed last … that could be a trigger for thr market to come down - we will find out how the consumer looks and how inventories are for back to school

$Siga still up

Cross ups

$CVX

$VET

$SGML

$PLL

$PBR for the dividend

$DIS - up 5% yesterday and 10% today - hope you bought even though it was a strong run up.

$VET reports after the bell and could be crazy - so does RIVN - who has had a run up with the recent inflation bill - the valuation is still crazy and I’d rather see people in TSLA

stocks are ready to take off again because of a decline in producer price index - the cost of goods - GOING DOWN! Again - gas prices have been held down (despite me thinking they will go up)

REMEMBER - TRADE THE TREND - you can’t time things

Scans

$Abt

$Etsy

$Pfe

$Msft

$Nflx

$Hpq

$Cat

$Gm

$MO - interesting

Lithium stocks that have been going NUTS - $SGML and $PLL

Tip me for my birthday - https://anchor.fm/dailystockpick/support 

Here’s a quick one for you and cpi data just pushed the market to a huge rally like I suggested on Twitter last night

And I did this entire episode - recording, editing and posting all on the Anchor app - AirPods and iPhone were the only tools used to record. 

https://anchor.fm/dailystockpick/support

Late night working last night but had so much fun! 

$Pxd great earnings quarter with great dividend

$Cop killed it on earnings

$Tqqq has been huge

$Boil or $KOLD?

$AMZN has been flying

$SHOP has been flying

$TSLA

$Arkk and others have been soaring - you're out of $SARK

$LCID down on earnings

$Mrna blew away earnings

TrendSpider Alert "$DRV - Buy"

Price: 40.77

Scans

$HD and $LOW

$ABT - good opportunity $IMO

$ATVI - remember - $95 $MSFT purchase

$MARA - this is totally a crypto play

$PDD - but it’s a china stock

$CSX I find it interesting

$APPH

$GOVX

$SIGA

Plays

$UPRO

$SPXU

$SPXL

$TQQQ

$UVXY - I like this to run today 

SUPPORT the podcast - https://anchor.fm/dailystockpick/support

Pins better than expected user growth… plus activists … the could be a good mix - soaring in pre market

Cat down - missed revenue and is down and said supply chain issues exist

Bp up 2% - reporter beat on everything and raised dividend and more buybacks

Uber up 10% on earnings

Oil down on low manufacturing numbers making traders think demand will slow

Pelosi taiwan trip is very volatile with China doing military exercises

Muddy waters took short position in sunrun solar (run) -

Actvision blizzard

Devon beat

The company's board raised its fixed-plus-variable quarterly dividend by 22% to a record high of $1.55 per share, payable Sept. 30 to shareholders of record on Sept. 12.

For 2022, Devon has increased its full-year 2022 production forecast by 3% to be between 600,000 and 610,000 barrels of oil per day, citing "better-than-expected well performance year-to-date and the impact from a bolt-on acquisition in the Williston Basin."

Devon Energy's (DVN) production increase announcement came as a surprise, as energy traders were getting used to reports of production shortfalls, according to Moya. The news could indicate the oil market getting closer to balance, especially after Exxon Mobil (XOM) and Chevron (CVX) also noted that their production would be higher,

Diamondback Energy beat estimated earnings by 6.8%, reporting an EPS of $7.07 versus an estimate of $6.62.

Revenue was up $1.09 billion from the same period last year.

Mos

Mosaic missed estimated earnings by 9.23%, reporting an EPS of $3.64 versus an estimate of $4.01.

Revenue was up $2.57 billion from the same period last year.

TIGHT GRAIN AND OILSEED MARKETS ARE EXPECTED TO PERSIST THROUGH THE REMAINDER OF 2022 AND INTO 2023

* MOSAIC-WAR IN UKRAINE, HIGH TEMPERATURES IN NORTH AMERICA & EUROPE, AND DROUGHT CONDITIONS IN SOUTH AMERICA HIGHLIGHT RISK FOR REDUCED YIELDS GLOBALLY

* IN POTASH, THE SHORTFALL IN SUPPLY FROM BELARUS WILL ONLY BE PARTIALLY MITIGATED BY INCREASED PRODUCTION FROM OTHER PRODUCERS

Spg

The board raised the quarterly dividend to $1.75 per share from $1.70 per share, payable on Sept. 30 to shareholders of record on Sept. 9.

Shares of the company rose 2% in after-hours trading Monday.

QTRLY U.S. MALLS AND PREMIUM OUTLETS OCCUPANCY WAS 93.9% AT JUNE 30, 2022, COMPARED TO 91.8% AT JUNE 30, 2021

Uber - cash flow positive for the first time … up5% yesterday and shares soaring now - big beat

The number of drivers and delivery agents on its platform rose 31% to an all-time high of almost 5 million, allaying concerns that soaring gas prices was deterring them from signing up with the company.

"That's right: more people are earning on Uber (UBER) today than before the pandemic," Chief Executive Officer Dara Khosrowshahi said.

Cat down - missed revenue and is down and said supply chain issues exist

- Danaos (DAC) on Monday reported an adjusted EPS of $7.59 per share in Q2, up from $3.34 per share a year earlier. Analysts polled by Capital IQ expected $5.86 got the quarter.

Revenue grew to $250.9 million from $146.4 million a year ago. The Street estimated $203.3 million.

The containerships operator kept its quarterly dividend at $0.75 per share, payable on Aug. 29 to stockholders of record Aug. 17.

Rev had a big day

Wednesday moderna and marathon oil

Thursday cop connoco Phillips and lng

Friday draft kings for me personally

Scans

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