Market News 7-20-23

Market internals still look great. But leading stocks are stalling. 

I’d be diligent with my trailing stop loss management. After Tesla and #NFLX reported yesterday it seems like profit taking is the play.

Am I calling a short-term top? Well yes. There I said it.

Does that mean run for the hills and start short selling? No. It means manage your open winners.

How long can Elon Musk keep up the magic act with consecutive quarters of declining margins?

NEWS

Netflix earnings showcase strength, stock tanks

Netflix reported strong earnings amidst a chaotic media landscape. The streaming giant’s revenue and subscriber numbers exceeded expectations, with a net addition of 1.5 million subscribers. 

Despite increased competition from other streaming services, Netflix’s original content and global expansion efforts have helped maintain its dominance in the market. The company’s stock also saw a significant increase following the positive earnings report.

// Read More

Johnson & Johnson Stock Jumps on Earnings

Johnson & Johnson’s EPS for the first quarter of 2021 fell short of expectations, leading to a decrease in investor confidence. Additionally, the company is facing legal challenges related to its talc-based products, which further impacted its stock price. 

However, some analysts believe that the stock is undervalued and could present a buying opportunity for investors.

// Read More

Tesla Beat Q2 Earnings Estimates, But Margins Keep Shrinking

Tesla reported better-than-expected Q2 earnings, but its profit margins continued to decline. The company’s revenue increased by 98% compared to the previous year, driven by strong vehicle deliveries. 

However, rising costs and supply chain challenges impacted its gross margins, which fell to 21.3% from 25.8% in Q1. Tesla’s CEO, Elon Musk, acknowledged the difficulties but expressed confidence in improving margins in the future. The company also highlighted progress in its Gigafactories and energy business.

// Read More

Learn to Trade Stocks:
Enroll in our trading boot camp...

Related Articles

Stocks & Options For Breakfast | Bull Market Breakouts

Stocks  Long stock ideas Financials (BAC, GS) with potential for pullbacks but overall bullish  Healthcare (BHVN, JNJ) showing relative strength  Technology (DOCS) early uptrend Short stock ideas Basic materials (AEM, STLD) clearly bearish sector Energy (XOM, CVX) at support levels but potential to go lower  Risk management Position sizing critical in volatile markets  Use stop…

Podcast: Stocks & Options 3-23-24

Trade Stocks With Pete  |  Trade Options With John Summary Navigating the late-stage market cycle: How to stay cautiously bullish while avoiding potential pitfalls   Mastering the art of chart-reading: Discover why respecting technicals is crucial for trading success, no matter your opinions   Traders vs. Investors: Uncover the surprising differences in how they approach…

The Impact of COVID-19 on the Stock Market: A Comparative Analysis of Pre and Post Pandemic Eras

Key Takeaways: The pre-COVID-19 era was marked by a robust global economy and stock market performance. The pandemic triggered dramatic market sell-offs and historic drops, leading to fear-driven investor behavior. Government interventions and central bank measures aimed to stabilize economies and markets. The post-COVID-19 era saw gradual market recovery and shifts in investor preferences, favoring…

Responses

Your email address will not be published. Required fields are marked *