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: Weak Jobs Report Boosts Chances of Fed Rate Cut in September
July nonfarm payroll employment edged up by 114,000, and the unemployment rate rose to 4.3 percent.
- AMZN – Earnings beat but revenue came short of projections. EPS of 1.26 vs 1.03 expected, and revenue of 156.25 vs 158.22 expected.
- SNAP – Weak revenue guidance- $1.335-1.375B, expectation was $1.36. EPS was .02 vs .02 exp, revenue of 1.24 vs 1.25 expected. Cited “a weaker brand advertising environment for certain consumer discretionary verticals.”
- NVDA – We saw that 20 point move retrace close to 100%- still short, and will see if we test the $100 level. Possibly facing DOJ antitrust probe due to acquisition of run.ai
- INTC – Missed both top/bottom lines, and announced $10B cost reduction plan to cut 15% of the workforce and suspend dividend payments. Revenue guidance of $12.5-$13.5B, short of analyst expectations of $14.3B. EPS of $0.02 vs $0.10.
- AAPL – Beat on expectations, EPS of 1.40 vs 1.35 exp. Rev of 85.78 vs 84.53 expected. AAPL can make delayed moves from earnings even when the release isn’t volatile, so will be watching this at the open.
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