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Some stocks to buy for long term - 8-25-23 Market update
Daily Stock Picks
English - August 25, 2023 14:32 - 51 minutes - 46.8 MBInvesting Business Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Powell speaks today and here are some stocks to buy.
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NOTES
A buy the dip market has turned in to a sell the rip market - CLEARLY
Yesterday was all about bond rates
And absolute red disaster day

https://finviz.com/published_map.ashx?t=sec&st=d1&f=082423&i=sec_d1_201863847
Powell in Jackson hole last year spoke for 8 minutes around this time to send the market to the October lows …. That could happen this time but I just have a feeling this is nothing

https://share.trendspider.com/chart/QQQ/18946puoxlk
After this, I wanted to see how many stocks in different watch lists traded under the 200 day weekly SMA - so I created a scanner in Trendspider.
http://charts.trendspider.com/shared/64e79e9bceceee00175f1951?t=5
$NVDA and $SMCI - both pulled back in a big way
$NVDA trades at 40 forward PE - so it’s only trading at the average
PEG ratio for $NVDA is the LOWEST it’s traded over the last 5 years
$CSCO traded VERY similar in the early 2000’s. That was up 71,000% in hit’s 10 year timeframe - so far $NVDA is much less.
$MULN
$ORCL
$PLTR - insider selling
$ET - the CEO keeps buying even more HUGE amounts - this one has got to be doing well.
$ba under $220 - get it
$vfs - continues to just fly - SPAC - here’s a spac story from yesterday
$BETR
And just remember what a doosh the CEO actually is
https://twitter.com/unusual_whales/status/1694819484153094551?s=20
Earnings
$intu - met - nothing crazy - down 2%
$jwn - luxury retail kills it again - up 7%
$mrvl - beat on both eps and rev - not massive but guidance was just in line - down 2%
$wday - beat - up 3% because guidance was up
$afrm - beat with super strong volumes - still lost money - but was up 5% on the report
$ulta - strong beat - was up 2% - same store sales were up 8% and they have raised their guidance - they did point out shrinkage
$gps - huge beat
Interesting list of ai beneficiaries from $gs
https://www.marketwatch.com/amp/story/nvidia-may-be-the-ai-stock-for-now-but-here-are-the-picks-for-later-says-goldman-sachs-b84b5818
$envx and $chpt
https://finbold.com/short-squeeze-alert-for-august-24th-two-stocks-poised-for-lift-off/
Loop upgrades $nflx with price target of $500
$ulta had a great earnings and didn’t push up huge but $afrm activity was up 25% and they expect profits and was up 8% this morning
Social requests
Jackson from insta
$PSNY
Sam on fb
Would you mind taking a look at ($ALAR) Alarum technologies.
2 strategies from Trendspider
TRENDSPIDER STUFF
Weinstein Stage Analysis - Stage 1 - https://trendspider.us16.list-manage.com/track/click?u=92c2385d22adc5bd5c1473485&id=3deda46eb2&e=9bc85562a8
$TSLA Weinstein Strategy - https://trendspider.us16.list-manage.com/track/click?u=92c2385d22adc5bd5c1473485&id=9bbd648f23&e=9bc85562a8
This strategy and scanner were made with SMAs and range breaks, allowing us to create the closest possible copy of Weinstein's Stage One theory.
treasury rates
https://www.benzinga.com/markets/asia/23/08/34031892/tightening-financial-conditions
SCANS
$PEP
$FAS
$VB
$RSP
$XLC
$XLF
$UPS
$MCD
$PENN
$PDD
$RCL
$STWD
$BABA
$ETHE$TRV
$MDLZ
$JD
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