Daily Stock Picks

I go over all the places on YouTube that I trust to learn about stock charts and fundamentals. 

1) Ziptrader

2) Trendspider U

3) Trading Rush Mac D

4) Focus on RSI, SMA vs. EMA, MacD and later identifying pattersn

5) Develop your own style that you feel comfortable with and try back testing (using Trendspider - sign up through my pinned tweet and support the podcast) 

Oil is back in play - $JPM thinks it's $120 soon because of supply 

Oil wholesale is back to pre Ukraine war prices - but prices at the pump are not - seems like a global crisis - it will go back up with supply shortening and gas stations are reluctant to reduce the price. $UCO is a good play

$OXY - Buffett keeps buying - even at the $60 price 

$DVN $XOM $CVX $FANG all have had dips that IMO are buys

$WMB - has a 5% yield 

$WFC - got beat down by earnings - but Stephanie Link likes it 

$MU - great run so far - I think it has $66 if it closes above $60

$BAC - Karen Finermans biggest holding - I like it but it may get beaten down if earnings are as bad as other banks

$TQQQ - made money yesterday - looking for more today 

$UNH - beat earnings - still has some left in the tank, but don't be greedy

$META $GOOG $AAPL - all good long term buys here

$TSLA - above $700 again - look to sell if it runs

$RIO - get out while you can - this was my mistake

$SPXU - good because I do think the market will trend down from here

$SQQQ - I'm not buying this just yet - wait for a bad earnings Nasdaq company - then pounce

$UVXY - still think the vix goes to 30 

$GOEV - this is complete hype - don't hold it over the weekend 

$PINS - Elliot Management is now in - look for continued shareholder value in this

Use ETF's like $SPXU $SQQQ $UVXY when the market is down and $TQQQ when the market is up. 

$TSLA under $700 again and is back over it. 

$CLF - get it with the $14 handle 

$JPM - missed on earnings - mainly on investment banking - down big

$MS - was down big - missed on investment banking as well - semi recovered

$QCOM - great trade so far 

$TWTR - looks interesting with their response to Elon

$APPH - I like it with the $2 handle before earnings

$NFLX - looks interesting if they immediately move everyone to an ad based tier and increase the cost of ad free

$DRV - people are holding off on buying real estate - this one is a great tool 

Cross ups

$CLX - with Covid coming back, this might be a good investment - but it's had quite a run. May need a rest. 

Ray Daleo of Bridgewater Capital Hedge fund - they are up 32% YTD which is incredible. ZipTrader Charlie went over his strategy on his video last night - great video and you should watch it. 

$BABA - his largest holding

$PG is also a large holding - he has large positions in Mega Value (under 17PE) and tons of small positions in medium companies. 

$TSLA - under $700 - start buying again

$SARK - cross up on the algo - buy it because the ARK funds have been up 20% in the month of June - this is due for a run

$TGT and $LOW are still great values here with good dividends while you wait for this to settle down. 

$NVDA - get it in the $140's and sit and wait

$SPXU $SQQQ $SARK are all great hedges to trade 

$TQQQ - get it under $25 because it's going back to $28

$UVXY - still like this to go to $16 soon - the VIX is at 26 and is going to 30. 

$APPH - love the business - hate the stock. It's got some catalysts, but if you have gains - take them (that's the overall theme in this market)

$GOEV - Canoo - down after the hype run of yesterday

$CLF - get it under $15 today heading in to earnings

$GS - under $300 is good - it's trading at book value

$UCO - $SCO has been the play - I still say oil will have it's day when supply is an issue

$BOIL - Nat Gas is exploding again

$PXD - $CVX - $XOM - $OXY - $DVN - I think energy earnings will drive these stocks up and potential special dividends with windfalls

$AXP - still like this one here - Delta just said business travel was up 20% in the quarter

$NFLX - you're out of this one in the algo - but I am starting to think a crackdown on password sharing is a good sign for the stock

$PTON - you're out of it but I love the app

$TWTR - I think Musk will be forced to buy, but this is a HUGE gamble on a stock that will be in the $20 range with earnings coming up

$DRV - love this - a buy in the algo 

$UNH - under $500 - buy it before earnings

I recorded an entire podcast this morning and then found out my computer hard drive has crashed so I had to re record it and I've spent 5 hours. Here are my notes that I read off of .... I'm going back to trying to troubleshoot. 

Will the courts hold Musk to his $54.20 price for Twitter? Maybe it’s worth putting some money in because it’s not going to zero.

$Fcx and other commodities near 52 week lows

HPQ

DRV cross up at $48.79 - posted on twitter

Estimated taxes for all my fellow contract workers.. if you have suggestions, let me know. I won’t make enough money this year to actually pay them, but with increased work I may have to in the future.

Stephanie Link thinks UNH beats earnings

China’s lockdowns are going to be a key …. China stocks got hit

Risk in $TSLA shares - earnings and how BAD TSLA traded on this day with no news or anything - it’s simply multiple.

Twitter… I’m going to say the ONLY reason to buy Twitter now is if you think Elon is actually going to buy it. IT’s got way more downside than upside but you could “bet” on it if you want. The upside could be big.

Nflx - ceo Ted Sarandos says 1 sub equals 5 users … this could be huge for valuation if they crack down on passwords

White House says elevated cpi inflation number …. That’s a .75 hike by fed going in to October then

Apph stock for Instagram

Oil is sliding again on China lockdowns and fear of demand slide

Heath row in London is now capping passengers to 100k per day on departing passengers because of under resourced airlines … this is what jay Powell would love to kill demand … it’s in place until sept 11

Canoo with Walmart to buy 4500 trucks with option to buy 10k more as they go carbon neutral by 2040

Peloton will no longer make their bikes and treadmills … they will outsource on contract basis … I love the app so much more than apple fitness and others

PepsiCo destroys earnings …. They are driving cost out of thr business they said

Look at coke back PepsiCo stock - cfo on cnbc said news article on chips taken out of bag was wrong … he said they do alter some package sizes instead of raising price

Prices up 12% for the quarter which he said is less than inflation

He said packaging, shipping and vegetable oil and all oils are driving prices up

Again … anything he says is already priced in the market

Supply chain still not fixed … he said they are at an 8 out of 10 and they r not back to where they were prepandemic

Pepsi Cfo said recession is likely here for a couple of years

Axp - J.P. Morgan said recession not priced in to stock - fill gap at $150

Bitcoin under $20k again

Tsla

Spxu

Sqqq

Sark

Tqqq - may turn quick

Today may be bullish after fed speak

Valero Energy Corporation $VLO trading in bullish territory, one can look to go long on this counter at current levels and can be bought in dips till $100. Stock’s strength can lead to $127. Any close below $95 acts as stoploss

Puru on Twitter says oil and energy just starting the decline and commodities are based on the recession fears

Apple lowered trade in prices indicating strong iPhone demand … this could be a positive to the stock on earnings with guidance

28 days in a row here in the us gas prices have gone down

AEP and DUK - Utilities crossed up on the MacD

NVDA - cross up at $157 - still good at the $150 price range

Twitter - sent letter to Musk - this is ugly and if you want to bet on it - bet on it - but it’s just a loss for everyone. I think Elon wants the company but the stock most likely will flounder

I talk about how $SPY has had quite a few double bottoms on this bear market run and we may have just seen the double bottom and may have another leg down from here. 

A couple of things I go over for a while:

Oil - Helema Croft said oil is only staying down because of recession fears. Once Nordstream1 comes back on July 21 and Russia doesn't pump oil along with December sanctions - oil will go back up because there's just no increase in supply coming. $UCO had a cross up and I like it here. 

Covid - New York Times and Gottlieb think Covid will come back in the fall. Europe and China will most likely have shut downs, but B5 is more contagious and immunity may be waning. Trade $MRNA and $NVAX - but they've had their runs. $PFE is a solid play but Covid doesn't move this as much as the others. 

$VTI $SCHD $VOO - these are all great long term ETF's that alot of very wealthy people own. They have been discussed in www.longangle.com forums many times. 

$DRV - I still like this short - macD cross up

$CLF - I like this with the $15 mark 

$UNH - I still like this in to earnings

Cross Ups

$BTU

$EGLE

$SBLK

$NTR

$HPQ - I love this one going in to earnings

$HES - I really like this too

$RDBX

$USO

$GS 

$TSLA

$TQQQ

$BOIL

$PXD

$DVN

$OXY

$FANG

$SQQQ

$SPXU

$SARK

Jobs reports came in strong bouncing yields in the bond market and hitting growth stocks with fears that maybe the Fed will have to continue to raise rates and tighten. September is going to be key with the big amount of selling the Fed will do of their assets. 

$CLF - still like it at $15 handle 

$GS - over $300 and I like them going in to earnings - won't go back to $400 anytime soon, but I do think $330 could be in the cards. 

$UCO - strong demand - weak supply 

$TQQQ - I like this if you think the S&P has 4,000 in it like Carter Worth does

$TSLA - wrapped up in $TWTR deal - I would sell over $700 still 

$BOIL - strong moves in energy and this is running. 

$PXD - oil still will run

$DVN - strong - but no catalyst until earnings - still an 8% yield on a major stock 

$OXY - if Buffett is still buying, under $60 get it - over $60 - sell it - but I like it to buy and hold here too. 

$FANG - energy is still strong 

$NVDA and other chips were up as well as $QCOM

$Evfm - ziptrader pick - June 27th pick tan from $.60 to $1.54 and is pulling back now . Birth control gel about an hour before u knock boots that’s hormone free - so if you haven’t been screwed by the market enough … go and find yourself someone who … never mind

Roe vs wade pushed this one up and it may have more room to run

It’s now been zero copay under aca insurance

The patent is tight and shouldn’t have competitors

Honestly the hype from zip trader may move it

Valuation - loses money so it’s not a fundamental play … so it’s a trade .. not buy and hold … the fundamentals suck

$UPST - won’t hit q2 and stock tanks … i warned about this

Wp says elon $TWTR deal on jeapordy … nobody else wants this company so it might be negotiating - Twitter stock could crater so maybe buy some put options

Carter worth of worth charting thinks we have more legs on this run … infilled gap at 4020 $SPY

He thinks Bitcoin from a chart perspective has found a floor and will bounce

$Xpo logistics may be too cheap

Theranos - sunny bulwani guilty … if you watched dropout or the documentary on hbo then let’s just hope Elizabeth Holmes is also thrown in jail

Recession may be held off just because of the employment numbers

Jobs are steadily growing … wage growth down but still elevated

I talk about recessions, energy and the Fed notes today and include some of my favorite stock plays. 

$REV - crazy pop yesterday with confirmation and validation 

$PXD - selling at 7 times forward earnings and they make money over $40/barrel - even if oil stays at $100/barrel - you're only selling at 7 times earning and they will either return the money via a dividend or buy back stock. 

$UCO / $SCO - $UCO is oversold - oil will come back 

$DVN - dipped under $50 - buy it under $60 and sell over 

$OXY - same as $DVN

$CLF - could have gotten it at $14 yesterday - I think anything in the $15 range before earnings is good - but still a gamble because of rising costs and inflation pricing pressure on commodities 

$UNH - get it under $500 - don't touch it until earnings - but they will announce another great quarter and you'll see a 52 week high 

$SPXU $SQQQ and $SARK are still in play IMO - I like these as they go down because I don't think we're done going down. 

$GME - stock split - old news - play for the volatility 

$TSLA - I'm nervous about earnings but we just had a MacD cross up - buy under $700 - sell over 

$RIVN - up on delivery announcement - hype play 

$RIO - commodities may be coming back - 13% dividend is great

$FANG - still no cross up but I like energy since it's beaten down

$GS - selling at book value - analysts all say buy when it's at that price - may be an earnings bounce 

$TQQQ - this has been the play and I said buy it - you've made your 10% on this one. 

Cross ups:

$CRM - interesting but I've been burned on it

$LCID - it's a hype play but the algo has done great on this name in particular 

$MTR - energy with a huge dividend 

$BOIL - nat gas may start to run here now

$DG - crazy good returns on this, but since it's so high, I would stay away - there are better stocks to make money on than chase new 52 week highs. 

I did a market scan and found quite a few opportunities. I continue to say this market will sell down so $SPXU $SQQQ $SARK and $UVXY should still be in play. 

$GS - trading at book value - this is huge

$MRNA - wow - good trade but take profits at $155. 

Oil is tanking - could go as low as $65 so stock up on the oil stocks as I think we will see it go back to $120

$KOLD and $BOIL are still plays

$JPM - cross up

$TWTR - cross up

$QCOM - cross up

$ARKK - cross up

$ARKW - cross up

$ARKF - cross up

$IGM - cross up - I really like this ETF 

$UPST - cross up

$XLK - cross up

$CLF - it's tanking but I like this one below $15 

$TQQQ - this has a 100% win rate in July based on the last 12 years. August is good as well. 

Use tools like $SPXU $SQQQ $SARK and $UVXY for days like today when the market is down. 

Energy and $META will be the 2nd half plays I think. 

Energy is down today since the fears of inflation become more real. Commodities go down when fear of inflation goes up because of demand slow down. 

$MCD - $1 drinks are now $1.53. Could be a boom for the stock with them being able to raise their prices. 

$CLF - Njarian on CNBC bought some along with Farmer Jim. He sold calls out in the future to collect $1/mo in premium based on the volatility so he will make money on the trade. 

$QCOM down at $120 - this is such a good stock that will renegotiate with $AAPL 

$NVDA - touching $140 - I love it here (AGAIN) 

$DRV - this is going back to $60

$RIO - another commodity loss - get out if you have gotten in. 

Nat Gas will go back to $8 IMO - $KOLD and $BOIL 

$OXY $DVN $XOM $CVX $FANG - all down because of energy fears of inflation 

Still love $LOW and $TGT based on valuation

The worst start to the year since 1970 - good news if you're a fan of history for the 2nd half of the year. 

I continue to say you should be in $SPXU $SQQQ and $UVXY 

Be careful with commodities with fear of recession. 

Some new dividend plays discussed:

$GTY - 6% dividend 

$IRM - 5% dividend 

$MPW - 8% dividend 

$O - 4% dividend 

$SPG - 7% dividend 

$VICI - 5% dividend

$WPC - 5% dividend 

I think great long term values are $LOW and $TGT with great dividends along the way 

$RIO $DVN $CVX $XOM $CLF $LNG and other commodities may be hurt by the fears of a recession 

$NVDA under $150 is a great option here too 

$BAC - could it go under $30?

$SARK - I like this one more than the $ARKK

Heading in to a long weekend - be careful