Friday everyone! Issue 242
American indices are growing against the backdrop of favorable economic statistics,GDP has slowed down, but not as much asThe labor market was expected to remain tight but stable. Well, the reporting season continues, where more than ¼ of the companies from the SnP index have already reported, of which 69% exceeded forecasts, and on Wednesday this figure was 67%. That is, there are more positive factors and indices are growing, but somehow with caution. The SnP500 index is trying to stay above the level of 4000 points, the NASDAQ 100 has again approached the 4-month resistance of 12,000 points, yesterday one guy on Wall Street said that if the big techs still take this level, then there will be no short squeeze or sharp growth on the bears' takeout to avoid. But in general, there is still a feeling that the spring is compressing and it can expand either up or down. And so far everything is leading to the fact that the decisive driver will, as always, be the Fed meeting next week.
From private stories CVX announced a cool programA buyback is when companies buy back their shares from the market. This is usually a driver for growth, and by the way, one analyst pointed out that recently the number of buybacks has been increased, which may have pulled the indices up. CVX has grown by 5% and will try to update its ATH, and this time it can really succeed, especially if oil helps. but IBM upset with its reporting and fell by 5%, but the main thing is that the company remains in its 1.5 annual outset. On the one hand, it is boring, on the other hand, it is convenient for trading in the range from $120 to $144.
But the main fakap is of course BBBY.Having jumped from its bottom several times before its death, it has already played back almost all of this, and yesterday it disclosed to the SEC (Securities Commission) that there is no means to repay debts, and, well, received Default notices from JP Morgan. On all this, yesterday, in a moment, it collapsed by a magical 22.22%. But the lesson is that the most desperate traders could ride well up and down, but the risk is too great, and investors need to go out and no longer touch this paper, because the road is still one way, namely to bankruptcy.
TSLA reported to the delight of investors and anotherpremarket began to grow steeply. As a result of trading showed 11% growth. But more importantly, this paper rebounded sharply by 55% from the recent bottom. It's business as usual for such a hype name. The financial results are good, and the prospects are even better, Musk himself said that the other day he hung out with the autopilot and artificial intelligence team until late at night and modestly summed up that they hardly have competitors in the market now. This is largely true, without going into details of the company's financial success, technologically it gives a strong head start to the rest of the market in the same software and bigdata that it has accumulated over the years. But despite the steep plans for the future and the same prospects, Elon himself expects that this year his company and the economy in general will face a serious recession.
In simple terms, this means that TSLA is a companyreally cool with good fundamental potential for LR future. That is, over time, the stock will again cost $300, then it will update the high and most likely go higher, that is, its UPside is a multiple for the coming years, even considering that all investment houses, keeping up with each other, lowered their targets. And on the other hand, if the dust has not yet settled and we really expect a strong recession and a strait across the entire market, then the same TSLA can be rolled up again and moreover to a new bottom. But this should not be embarrassing for long-term investors, because the company is cool and it has prospects. What to do is how the stock market works, when there is a crisis and everything is terribly falling in general, even the coolest ones.
Another very cool story from yesterday is BZFD.The internet company was up 60% at the opening of the day because it got a fat deal with META to promote its content. But then, in the middle of the day, it turned out that BZFD will also use ChatGPT in its work, this is such a fashionable neural network or a bot with artificial intelligence, which may already be hiding a skynet. And in the middle of the session, it rocketed the paper by another 130%. Yesterday in this paper was a real holiday for day traders, such days fall about once a year, but they make an annual profit.
The company itself still looks deplorable.because it was placed a year ago at $10 and now even after doubling it costs $2. But the technology itself has prospects. UBS believes that the use of this chatGPT could also help hype other companies in particular to increase demand for processors, which will help NVDA, and for cloud computing, which can boost MSFT AMZN and GOOG. Well, and on applications using AI, which will help support META, which is banned in Russia. I think, of course, we should not expect such a flight into space as with BZFD, because its capitalization was less than $150 million before yesterday's growth by 2 times. Large ships worth hundreds of billions of dollars will not be so easy to inflate.
The Russian market was generally blown away, continuesto fall a little, but I consider the movements of the indices in the region of 0.1% not a movement at all. The ruble exchange rate is trying to go higher, but there is a feeling that it is being kept here, so for now it is 69 rubles per dollar.
Oil is pressed closer and closer to the resistance inaround $88-89, and if OPEC+ doesn't screw up at the next meeting, this level will be taken and black gold may go to $100. Because China has come out of the holidays and, as if nothing had happened, continues to grow and it looks like it will be ready to consume more.
The gas continues to decline but passesquite powerful levels from which at least technical rebounds are possible. But in general, you need to understand that in the current conditions it is not worth waiting for quotes much lower than $2, so if it comes to $2.5, you can already try to type LONG there, carefully and without fanaticism.
And finally, an example of cool optimism.American financier Anthony Scaramucci made only $400k out of $10 million invested in the bankrupt FTX fund, but is still optimistic about crypto. That is, for every $1 invested, the guy was able to pull out 4 cents and at the same time did not lose the will to win, that's respectful!
I wish everyone not to lose faith in themselves, the will to win and self-respect! Let Friday be light and pleasant! And the weekend is amazing! Take care of each other! PIS Yo!
