$DVN and $OXY earnings tonight - 11-7-23 Market Update
Episode description
$OXY and $DVN earnings tonight. Shocking that we've had 6 green days in a row, but $UBER hit $50.
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NOTES
That's 6 green days in a row for the S&P, Nasdaq and Dow Jones!
First time since February, can they keep the streak going?
$uber missed earnings but gross bookings were up 21% year over year
Uber’s third quarter was “very strong” and saw accelerations in its gross bookings, trips and monthly active platform consumers.
Mobility (gross bookings): $17.90 billion, up 31% year-over-year
Delivery (gross bookings): $16.09 billion, up 18% year-over-year
$ddog way up
https://x.com/stockmarketnerd/status/1721868021117878298?s=46&t=7y4v-tHaIEzjLo4Lw72X7g
$snow up to $150 but I think it regularly gets that $185 bounce
$kold has been the play
$PLTR Inside day for Palantir following last week's earnings breakout, keep an eye on that $19 level tomorrow
$META CEO Mark Zuckerberg cashes out over $17 Million in shares to kick off the month
This was his first insider sale since November of 2021
It’s time for Bob - investing at market peaks
What if You Only Invested at Market Peaks? - A Wealth of Common Sense
Open ai held their first major conference and it blew away everything
Microsoft-backed OpenAI announces GPT-4 Turbo, its most powerful AI yet
This is huge for $msft
Short squeeze? Great article from Ross who has profited nearly $1m from a short squeeze
https://www.warriortrading.com/short-squeeze-definition/
$TSLA Daily MACD crossed to the upside today, but is it a reliable indicator?
If you longed every MACD cross to the upside and exited when it crossed back down, over the last decade you would have:
✅ 43% win rate
✅ 4.60% average return
✅ 3.17 R/R
https://x.com/trendspider/status/1721686402491105724?s=46&t=7y4v-tHaIEzjLo4Lw72X7g
Import the strategy
https://charts.trendspider.com/shared/654963f950caaa0018d0972c?t=1
$PXD - might be worth dumping some before the dividend, but it is about $246 per share where $XOM was trading yesterday
Social requests
$SOFI
SCANS
$KOLD
$ELF
$ETHE
$PDD
$ON - is the reaction an over reaction?
If you’re a Trendspider user on my program - check out the scan for the 65 min algo stocks that are in on the Core Portfolio
$MPLX
$UNH
$GS
$QCOM
$AMZN
$SPG
$XLY
$BAC
$TSM
$VOO
$NFLX
$NVDA
$AAPL
$TSLA
$UBER
$FBCG
$LLY
$COST
$GOOG
$META
$PLTR
$SHOP
$MSFT
CLF - look at that chart!