I have to downgrade. That's what Houses do. I did a chart read for Ted and told him it would not hit $300. (it was very close to it) I think I'm right it's turning over & with Earn next week I believe and so much priced in- down she goes! I sent the idea to the HF they most likely will short it.
After the Tues after next week>>>> The stock market has exited the "sell the rip" regime in favor of "buying the dip," according to Fundstrat's Tom Lee. That sets the S&P 500 up for a potential breakout above its 4,200 resistance level as investors worry about the debt ceiling. "This is creating a positive feedback loop, in the sense that capital invested on dips will recover losses quickly," Lee said. The stock market's "sell the rip" regime that lasted for most of 2022 and into early 2023 has finally been reversed into a "buy the dip" regime, according to a Thursday note from Fundstrat's Tom Lee. The bullish switch means the S&P 500 has a good chance of breaking above its key resistance level of 4,200 even as investors worry about the upcoming debt ceiling deadline. Lee and his team of analysts identified the "sell the rip" regime as a period when stocks fall 2% in a week and fall further over the next 20 days. On the flip side, a "buy the dip" regime is identified as when stocks fall 2% in a week but recover the entire loss within 20 days. Since 1928, it has paid to be invested in stocks during a "buy the dip" regime, which has occurred 60 times to deliver an average annualized gain of 28%. That pales in comparison to a "sell the rip" regime, which since 1928 occurred 30 times with an average annualized loss of 25%. Luckily for investors, "buy the dip" returned to the stock market on March 23, according to Fundstrat, and that sets stocks up well for further gains. "This is creating a positive feedback loop, in the sense that capital invested on dips will recover losses quickly. This was hardly the case in 2022, where for a 9-month period, every single dip of 2% was followed by an additional bout of selling," Lee explained. The return of "buy the dip" adds to Lee's confidence that the S&P 500 will rise above its closely watched resistance level of 4,200. "Still expecting an upside resolution towards S&P 500 4,200-plus," Lee said, adding that the risk of the debt ceiling is binary in nature. "A binary event is weighing on market risk-appetite at a time when there is little incoming macro data. Thus, markets are stuck in the near-term. That said, we see the rational for being overweight [stocks]." Lee highlighted that the mega-cap tech stocks have positive leverage to the growing artificial intelligence opportunity, that regional banks are poised for a tactical rally, and that the S&P 500 sports a reasonable valuation when you exclude mega-cap tech stocks. "We simply do not see equities as that expensive, especially with Fed on a 'pause.' Ex-FAANG, the forward P/E is 14.8x and the most expensive stocks are staples (~20x) and utilities (17x)," Lee said. Lee reiterated his S&P 500 year-end price target of 4,750, which represents potential upside of about 14% from current levels. Fundstrat
WATCH OUT ELON!!! Meta readying Instagram text-based app to compete with Twitter, Bloomberg says » 13:11 META, TWTR Meta's (META)… Meta preparing Twitter competitor for release this summer, Bloomberg says 13:08 META, TWTR
Applied Digital turns positive after B. Riley more than doubles target 12:34 APLD Applied Digital Corporation (APLD) NasdaqGS - NasdaqGS Real Time Price. 8.00+0.61<-------- Applied Digital Announces New $50 Million Loan to Accelerate Growth Watchlist Significant Event | 2d Applied Digital Corp Files For Mixed Shelf Of Up To $175 Million – SEC Filing<------------- Applied Digital Corporation DALLAS, May 19, 2023 (GLOBE NEWSWIRE) --Applied Digital Corporation(Nasdaq: APLD)("Applied Digital" or the "Company"),a designer, builder and operator of next-generation digital infrastructure that is designed for High Performance Computing (“HPC”) applications, today announced that the Company has reached an agreement for a loan with a maximum principal amount of $50.0 million. The Company intends to use the loan, which has a 2-year term and 9.0% interest rate, to provide additional liquidity to fund the buildout of its AI Cloud platform and datacenters. IF I HAVE THIS CORRECT SECONDARY COMING.... IF WE WERE BEING TRICKY SHORT AND THEN COVER AND HOLD...
15-1 TAKE PERFORM IN PREAKNESS. // SMALL FIELD HE HAS A CHANCE- Home Horses Perform [Edit] Perform Age: 3 years old - Colt Status: Active Pedigree: Good Magic - Jane Says by Tale of Ekati Owner(s): Woodford Racing, LLC, Lane's End Racing, Phipps Stable, Langone, Ken and Hudson, Jr., Edward J. Trainer: Claude McGaughey III Bred: Kentucky, US by Michael Orem & J.B. Lane Orem Rating: 6.47/10 Maryland Jockey Club
@schizo was slamming this stock at $4 or $5, nice play! I bought some Meta $245c for $.6 and flipped about $2, what was that move? My $250s jumped $2.30 to $3 and $7 to $8.30.
Bad move. 8 Large block trades on BJ's today going into earnings. Why would you sell this one? Now's the time to buy. What did both WMT and TGT say were their strongest categories? Groceries.