Hi! I am an ex-prop shop equity trader.
This is a daily watchlist for trading: I might trade all/none of the stocks listed, and even stocks not listed! I only hold MAG7/market indices long-term. If you use Old Reddit, click “Show Images” at the top to expand the charts. Any positions stated aren’t recommendations, I’m following subreddit rules to disclose positions.
Some stocks I post may be <$500M market cap. These are potentially good candidates to day trade; I have no opinion on them as investments. PLEASE ask specific questions. Questions like “Thoughts on _____?” or “Is ___ a good investment?” will be ignored or I’ll troll you unless you add detail and your own opinion. I will block you if you are a troll.
News: US Retail Sales Beat Forecasts, Defying Calls of Weaker Consumer
- BABA – Reported earnings pre-market, missed expectations for June quarter of 2024. Cited headwinds in core e-commerce business, and missed top/bottom line expectations. Revenue of $34.01B vs $34.8B expected. $24.27B yuan vs $26.91B yuan expected. Michael Burry also raises Alibaba stake (reported yesterday AH).
- WMT – Beats estimates for quarterly earnings and revenues. Raised full year outlook on strength in the first half of the year, but declined to raise outlook for the second half of the year due to many political events. Also stated WMT has not noticed a shift in consumer behavior. EPS of 67 cents vs 65 cents, and 169.34B vs 168.63B.
- ASTS – Earnings yesterday AH – first 5 commercial satellites on target for dedicated orbital launch in September, added Verizon as a strategic investor and signed with AT&T.
- BMY / LLY / JNJ / MRK / AZN / NVS / AMGN / ABBV / NVO – Biden admin released prices for first 10 prescription drugs for negotiations between drugmakers and Medicare. Haven’t seen any major movement but could see it happen during the day, good to be cognizant of because these companies manufacture the drugs in discussion.
- CSCO – Earnings yesterday, cited cutting 7% of workforce and reported earnings/revenue beat for the quarter. 87 cents vs 85 cents expected, $13.64B vs $13.54B expected.
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