$TSLA FSD and $SPY inside week - 8-28-23 Market Update

Tesla FSD V12 is an amazing leap and propels Tesla hugely not only in the car business, but in the AI business.

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NOTES

TrendSpider Labor Day sale on Wednesday 

Hey Gary,

Labor Day is just around the corner, and TrendSpider will be back with some of our hottest deals on all plans starting this Wednesday, August 30th! Deep discounts of up to 65% off are available for customers who sign up for a FREE 7-day trial during the sale period, with an extra 5% off when pre-paid.

Labor Day Sale Details:

Wednesday, August 30th - Monday, September 4th

An amazing episode on what to expect and when to buy stocks 

https://open.spotify.com/episode/4kAiaQqNQci3KJNpbCvsw8?si=4-DkK54FQEeVSUp5mj7IMQ

Tony Dwyer said - buy when good news is good news … he expects a very large pullback but expects the fed to backstop and swoop in to lower rates which will make the market explode 

Want to read a summary? https://app.scribbler.so/s/running-on-empty-with-tony-dwyer/clltvwnjz0003ramcll4vxw4g

One thing they said that stood out to me was the future earnings of the S&P even the most bullish ones indicates a 5% growth. So they were questioning whether the market was discounting anything, but it seems why would you take a risk on the S&P vs. just getting 5% on a virtual risk free treasury bond? 

$spy  There have been just seven other inside weeks for the S&P 500 in the last two years...

The following week was green 86% of the time with an average return of +1.11%  $SPXL next week

$NVDA - note about buyback - NOTES IN THE NEWSLETTER

Good article on $nvda - valuation is always mentioned but if they grow like they have been that valuation comes down while the stock grows 

https://www.fool.com/investing/2023/08/26/1-green-flag-for-nvidia-in-2023-and-1-red-flag/

A good example of the AI hype is $MRVL with their latest earnings closing a gap that was created on the AI hype of their last earnings

$tsla - fsd version 12 is pretty incredible. Elon live streamed it on Twitter and here’s a link to it. 

https://x.com/elonmusk/status/1695247110030119054?s=46&t=7y4v-tHaIEzjLo4Lw72X7g

It’s not great quality and if you want to watch a summary - here it is 

https://youtu.be/ZI7-Swmuo4A?si=3nsG-zLzVQDgtuwd

Realize that pre version 12 was all human code and v12 is now trained ai by video and it’s a huge improvement on almost everything. 

NOTES IN THE NEWSLETTER

Great thread that you should look at 

https://x.com/brianferoldi/status/1695761014891917465?s=46&t=7y4v-tHaIEzjLo4Lw72X7g

$TGT Target CEO Brian Cornell sells another $3,921,135 in shares with the stock trading into multi-year lows...

Doesn't exactly instill confidence in investors.

$tWnk bought and soared 

Value today of $100 invested 10 years ago:

https://x.com/jonerlichman/status/1695814532004810963?s=46&t=7y4v-tHaIEzjLo4Lw72X7g

https://youtu.be/BF8PCc0FE8E?si=rRN-M13zlYjsqffW

My weekly stock pick is $csco - this is a very reasonable valuation of big tech 

Social request 

$ttt for Dave from YouTube 

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