To The Moon

Hi everyone. Today I’ll be covering an automotive aftermarket parts provider for the first time: Advance Auto Parts Inc. (NYSE: AAP) AAP’s chart is extremely interesting. It has been forming a series of higher highs and higher lows. Recently, it retested and successfully defended its 23-year old support trendline. The main pattern on AAP is that of a bullish megaphone pattern, with a series of higher highs but lower lows. It has a multitude of gaps to the upside, being one of the worst performers in 2022 and 2023. It is imperative for AAP to defend its bullish megaphone support trendline (in blue) and the 23-year support trendline for further upside. On the weekly chart, there was confirmation of a move higher given by the bullish divergence that formed. On the daily chart, AAP is tradi

$Pfizer(PFE)$ is in a period of transition. They're facing a decline in their Covid-related revenue, but their recent cost-cutting initiatives and a strong first quarter earnings report paint a cautiously optimistic picture. As an investor with a long view, here's why I'm watching PFE closely. Pfizer's new multi-year cost-cutting program, on top of their previously announced $4 billion initiative, signals a proactive approach to a changing market dynamic. The initial phase focuses on operational efficiencies and is expected to save $1.5 billion by 2027. While there will be upfront costs associated with restructuring, including employee severance, this move demonstrates Pfizer's commitment to streamlining operations and remaining competitive in the

Tech-heavy Nasdaq and S&P 500 pushed higher on the back of a blowout earnings report from Nvidia that boosted chip stocks and reinforced optimism around the AI boom.Options flows showed continued defensive put positioning in SPY to hedge for a 5% pullback by July 31 expiration. For QQQ, downside was seen limited to 5.6% by May 31. In small-caps, the Russell 2000 was pricing a 5% decline by July 19.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 1.2% over the past 5 days. Open put contracts increased 1.3% over the same period.For call options, the most actively traded was the $SPY 20240523 540.0 CALL$ with a 540 strike, adding 12,000 contracts.For put

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Simply amazing earnings result by $NVIDIA Corp(NVDA)$ again! Nvidia The whole world's hopes, Nvidia has once again showed its power. NVIDIA announced its FY2024Q1 (February-April) results after the U.S. stock market closed last night, and its revenue and profits continued to grow! 📈🤩 🔹Turnover 26.04B - 6 consecutive quarters of QoQ growth 🔹Profit 14.88B - 7 consecutive quarters of QoQ growth 🔸GPM 78.4% - a new high 🔸Net Margin 57.1% - a new high Nvidia Income Statement in detail In the premarket after its earnings, it soared to historically high prices. In addition, it announced a 10-for-1 stock split, a 150% increase in dividends, an annual revenue increase of 262%, and an annual earnings per share incre