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$PLTR earnings - buying opportunity

$BABA and other Chinese stocks pummeled with their economic news

Energy has been the play for the last month - tons of options in this space as oil price moves up and supply moves down. 

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NOTES

Crazy how good the Dow performed yesterday with $AAPL down 1.73% 

Dow up 1.16%

$QQQ up .85%

$SPY up .87% 

https://finviz.com/published_map.ashx?t=sec&st=d1&f=080723&i=sec_d1_165783935

$QQQ The Nasdaq has fallen over -3% in a single week 28 other times over the last five years.

The next week was green 57% of the time with an average return of +1.49% 

https://share.trendspider.com/chart/QQQ/29883zqxec6

Warren Buffett's Berkshire Hathaway $BRK.B hit new All Time Highs today

$AAPL Today, Apple daily RSI closed in oversold territory (below 30) for just the 14th time in the last decade.

If you bought that close and sold approximately one month later (21 candles) you would have a 57% win rate and average return of +3.77%

Are you buying the dip?

$DE reports next week with all the moves

$BA has been a big mover

Earnings 

$PLTR - down 8% initially after earnings were in line.

$LCID - weaker than expected results - loss of $.40 - street expect $.33 per share and revenue lower. Guidance for full year - they said they will produce 10k units this year - they believe they have enough liquidity to last so no capital is needed - after hours up 6% 

$CHGG - up HUGE - they got killed with AI worries last quarter - now they are saying they have insight and $CHGG says they are using AI but not cheating - they have much better insight in to their customers - revenues higher and the hope at $12/share is that they will continue to grow - after hours up 30%

$chgg Looking to cover a gap at $17.41

https://share.trendspider.com/chart/CHGG/189461bndsf

$BYND - missed - revenue down - guidance lower - stock down 8% at report 

Look out - $NFLX coming back

$BA on a run 

$NVDA may have a buy signal soon on the 4 hour - it triggered on the 65 min algo 

$tsla down as the cfo left … a lot of rumors about why - but overall that should not have brought the stock down this much 

$pypl launches first dollar-backed stablecoin from a major U.S. financial institution

https://www.cnbc.com/2023/08/07/paypal-launches-first-dollar-backed-stablecoin-from-a-major-us-financial-institution.html

Ziptrader thinks $pltr will 10x from here 

Monday: $PLTR $LCID $BYND

Tuesday: $DDOG $UPS $CPNG $RIVN $TWLO $UPST $AXON $MQ

Wednesday: $RBLX $DIS $GDRX $TTD $DNA 

Thursday: $BABA $IONQ

Moodys did cut ratings of several small to mid size banks - remember $faz 

$lly up 5% after beating earnings - plus $nvo up over 10% - def the weight loss drugs are pushing these up - novo said the risk of heart disease is cut by over 20% in their trial 

For all the degenerates- $amc made a $.01 per share profit 

Good video from warrior trading about a trade that yielded 3000% in 30 minutes 

https://youtu.be/1xJebA6TH08

Tilray buying ab bev micro brewery stuff - they are expanding outside marijuana 

SCANS

$OXY

$XLY

$MRK

$SHEL

$NKE

$CSGP - $100 price target - but it’s commercial real estate

$MA

I think $TQQQ under $40 is a good swing