$Apple(AAPL)$ and mostly the economic data that suggest a rate cut activated a rally that clashed with the 50DMA. $S&P 500(.SPX)$ Key resistance zones were jumped, the main ones: $5083 and $5110, both at once.Oscillators are bullish, suggesting more upside.The gap is not a good reference, I'll elaborate on that on the weekend edition, and remember that a bullish MACD can be followed by immediate declines.50DMA and the Gap will dictate the next move, this candle can indicate a bearish reversal.Imagehttps://twitter.com/SmartReversals/status/1786490983384776813
Brian Feroldi: 3 Steps to find undervalued stocks like Warren Buffett
How does Warren Buffett find undervalued stocks? By following this SIMPLE process. Here's a step-by-step guide every investor can copy:ImageBuffett laid out his criteria in his 1978 shareholder letter: A business that we UNDERSTAND With favorable LONG TERM PROSPECTS Operated by COMPETENT people Available at an ATTRACTIVE PRICEImageSTEP 1: Use a stock screener like @finchat_io https://finchat.io/This will greatly narrow down the potential list of companies. Input the below filters into the stock screener:Filter 1: Market Cap > $1 billion Why? These companies are more likely to be mature and have the financial history needed to make an informed decision.Filter 2: Price to Earnings Ratio < 15 Why? PE of 15 = $1 of earnings for every $15 you invest That's a 6.7% return (on earnings). The
$Berkshire Hathaway(BRK.A)$$Berkshire Hathaway(BRK.B)$ From B uffet to A bel's A-Game: Powering Up Berkshire's Success! 1. Well, managing Berkshire's non-insurance business is like juggling a diverse set of balls—each with its own weight and momentum. Abel probably faces the challenge of keeping them all in the air while ensuring each sector thrives independently. 🏦 2. Abel seems to embody the mantra "ordinary education, extraordinary talent." His knack for strategic thinking and leadership prowess are probably his key qualities. Plus, his ability to adapt and excel in various sectors speaks volumes about his versatility. 🎓 3. Abel's journey from the number crunching world of
$Qualcomm(QCOM)$ So many drivers lining up: 1) Ongoing trend shifting to more premium mobile where QCOM dominates. AI will drive massive next upgrade cycle starting now. 2) Very beginning of Chinese economic recovery where QCOM holds significant market share 3) Massive Auto/ADAS pipeline with products hitting that market in 2025. In 5 years plan for $10 billion annual revenue there. 4) iOT starting its recovery where industrial use is still in infancy 5) PC chips look superior in terms of capability and MSFT partnership with massive potential just starting in the coming few months. 6) Apple doesn’t seem to be able to move on from the QCOM modem. At least not for the next few years. Will be a $250 stock in 18 months and $
$JD.com(JD)$Next week is a crucial turning point for JD, its either to break 170 week resistance zone or reverse back it its 170 week support, with the upcoming earning report, expecting a positive outcome, i think it will finally break it ! I’d love to see this crack $40 again
$Coinbase Global, Inc.(COIN)$That could be and what an opportunity It’s interesting - they stated they’ve already booked over $300 million and expect $600 million in subscription services. That’s $900 million right there. 2 full months of May and June for trading crypto for the rest. Even if it’s only $509-$600 million they still earning well over $3 a share next quarter… so we basically have to wait 3 months to see if it $500, $600 or $700 million for the remainder of trading Steve is. Regardless, the street has Q2 pegged at 1.25??? Bitcoin is recovering
$Coinbase Global, Inc.(COIN)$Killed earnings and the price dropped..this indicates to me this stock price is tied to Bitcoin's performance more than the company fundamentals. That said I think we surge Monday or finish higher Friday than we open Monday, at the least. I'd buy calls, but the premiums are way overpriced.
$BILIBILI-W(09626)$I have identified a bullish engulfing pattern on the BILI daily chart. The bullish engulfing pattern is indeed a significant technical analysis pattern indicating potential bullish momentum. This pattern is considered a bullish reversal signal, based on this pattern, I believe that BILI may be ready to move higher in the short-term.
$NVIDIA Corp(NVDA)$ Godan Morre's doctron is expired in 1 nm. Now for HPC and AI GPU need advanceded packageing like TSMC's COWAS and 3DIC. Nvda has ordered to 2025 to TSMC using Cowas package. While AMD also places order with TSMC by using 3DIC packaging. Hynix will invet 14 billions in US to build advaced package. TSMC's Cowas can bond 2 GPU and 60pc HBM.
$Sea Ltd(SE)$The monthly looks greatFlipping lines back as supportWhales are coming in.The very good time to buy in ! Just grab this chance.The low point and it will save lots of money in the future! Don’t hesitate! Just do it!
$Sea Ltd(SE)$If you didn't see it yet- now you can.BIG breakout happening in this under the radar name. MASSIVE UPSIDE POTENTIAL.(Do not sleep on this- Add to your WL)Bull flagging in process, clear the room or get ya neck broke. LONGGGG
$Sea Ltd(SE)$Weekly chartReaching the top of the broadening formation will see if it goes thru the yellow line to continue or gets rejected to fill gap around $56.It’s the right time to buy in and wait to be rewarded!
$Advanced Micro Devices(AMD)$AMD is valued not as an AI company. The stock price was $150 two years ago, that was well before AI took off. I'd say, AMD was gaining ground due to AI when it briefly went over $200. I am now patiently waiting for AMD to gain firm confidence as a rival to Nvidia's $NVIDIA Corp(NVDA)$ dominance, once that happens, the stock will travel past $200 once again, except it won't be for only a brief period of time, and it will continue upwards, perhaps as high as $300 by years end, or somewhere into early 2025.
$Tesla Motors(TSLA)$I will lean more toward China, the absolute unquestioned leader in auto manufacturing and total automobiles. EV's are now at 50 pct of new car sales there, and FSD is rolled out in various places. Tesla is just one of several big players which include Geely, $GEELY AUTO(00175)$ BYD $BYD Co., Ltd.(BYDDY)$ , Great Wall $Great Wall Motor Company Limited(601633)$ ....etc. China, in 2020 had 2 pct of new car sales being EV. They had hoped that by the end of 2025 that 25 pct of new car sales would be EV and they are already at 50 pct and it is 2024. Handwriting is on the wall
$Tesla Motors(TSLA)$There's a lot of uncertainty here, even if FSD gets perfect, I'm not sure how that moves the needle exactly. I mean it would be nice to have a car that drove itself, but it is not necessary, obviously, as we all get along with a certain amount of carnage driving ourselves. And there's going to be a significant amount of cultural propagation time before people accept that FSD is perfect, and then things might start changing. Question is will other companies take the same AI approach as Tesla and produce something similar relatively quickly considering that Tesla took less than a year to produce FSD at its current state once they adopted the AI approach? Eventually autonomous driving will dramatically c
$Alphabet(GOOG)$the weekly chart looks very interesting but the daily is even more interesting. lots of mixed signals for me, could mean some choppy action ahead. long-term though, you gotta love it. the $160 area looks important. it has flipped the upper trendline channel and stayed above it. very bullish indeed. tight range forming here between 171.4 and 164, looking for either side to break this week, If long we return back towards the earnings highs of 184, if short we go back to 152.
$Block(SQ)$ It used to be that the non-GAAP financials were the focus of investors, as those reflect future earnings where the options were used to build out the business and are less likely to be reoccurring. So the non-GAAP net income of $0.85/share is before the expenses like awarded stock options, or one-time expenses like the severance fees for laying off employees. Based on 4 quarters, that would be $3.40/share, making a stock price well over 100 reasonable given a PE of 30 seems low. No doubt the new banking paradigm using crypto is here to stay, and owning the customers with Square and Cash App makes me sleep well while I grow my retirement with investments like Block.
$TENCENT(00700)$For Tencent Holdings Ltd. on the Hong Kong Exchange, we're seeing a scenario where the subordinate Wave (2) has likely concluded between the 61.8% and 78.6% Fibonacci retracement levels around 260 HKD. We anticipate a breakout from this range heading upwards, ideally reaching the target zone for Wave (3) between 227% and 361.8% Fibonacci extensions, which translates to approximately 870 HKD to 1100 HKD. Though this target is quite ambitious, it remains plausible in the long-term scenario for Tencent.We've also respected the trendline well, attempting a retest that should hold if valid, hence not anticipating a further drop. Our upward target is initially set at 416 HKD, beyond which we will look for new
$Meta Platforms, Inc.(META)$ Listened to the earnings call over the weekend. Glad I got into this on drop, earnings selloff was just an excuse for profit taking. Excellent opportunity for establishing a position in META, IMO.Oculus is exactly what Meta should be doing, IMO. Meta can afford the CAPEX and stay a cash-cow in the mid - short term. That is just exactly what Big Tech does, make money and then pumps it back into R&D.
$Alibaba(BABA)$$Alibaba(09988)$ Love reading the negative comments. Found the same ones when Meta was $90, same ones when Rolls Royce was 70gpb, same when AMZN was $80. If you think a company with 600m monthly users is going to disappear then you are utterly deluded