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Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

AI Tech Stocks Earnings Season Opportunities

Companies / Earnings Apr 28, 2024 - 10:06 AM GMT

By: Nadeem_Walayat


Dear Reader

It's your lucky day, you gain access to my latest daily brief posted Saturday covering the current state of the stock market earnings season correction that was first been made available to patrons who support my work yesterday. So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $5 per month, this is your last chance to lock it in now at $5 as it will rise to $7 per month for new sign-ups by end of this month.

Stock Market Brief - Saturday 27th April 2024

S&P 5100 - 3 weeks down sees the index bounce off support at 4960, with the trend inline with the swing projection for a 2 month correction into late May targeting 4800 as per last analysis, so the downtrend should resume next week.

Stocks Correct into Bitcoin Happy Thanks Halving - Earnings Season Buying Opps -

Tech Stocks earnings season went off with a BANG! Triggering opps to accumulate and trim. META tanked by 22% falling to $401, triggering small buys all the way before bouncing to sit perched below resistance at 450 ready for it's next leg lower below $400 for more buys.

Google as per last analysis continues to climb a stairway to $200, spiked to $184.6, triggering sells from $179 upwards, currently perched at $174. Google remains destined to trade over $200.

Earnings quick take -

Improving EGF's (Earnings)

Worsening EGF's (Earnings)

Plenty more opps came along in medium and higher risk stocks, for instance ULH rocketed higher by 50% to $48 in one day! That's what bond investors earn over 10 years in interest! Illustrates just how big a con bonds are! Another notable was WDC which put in it's first profit in 18 months, though of course the stock market DISCOUNTED this happening and hence fell, still it acts to reinforce a bullish trend regardless of what it does over the next few weeks so I will definitely be adding to WDC on any dip.

INTEL did not fail to disappoint, this stock is more Zombie than Sleeper. I am going to have to bite the bullet and relegate this FAKE AI stock to Medium risk so will seek the next FOMO above $40 to $50+ to reduce exposure by about half of current exposure. It's still got potential but the company is dysfunctional.

AI Portfolio - EGF's updated for most reported stocks.

New Spreadsheet link - **** PATRONS ONLY ****
(Old sheet archived)

Stocks in / near their buying zones - AMD, Tesla, ASML, IBM, Apple, BHP, ALB, SLB, GPN, JBL, ON, ADSK, GFS, LOG, ABBV, FOR, RDFN, BDEV, MGNI, U, SYNA. META should pop under $400 during the correction.

Of the AI stocks I am eyeing adding to META, IBM, LRCX, NVDA, and ASML

Notable Earnings this week -

AMD 30th April - $157 - Already 32% off it's high so downside looks limited, should see an earnings beat but still could see AMD dip down to $140.

Amazon 30th April - $184 - Strong EGF's, has the potential to do a Google and pop higher to a new all time high, also targeting $200.

QCOM 1st May - $166 - Strong EGF's could see QCOM pop higher.

APPLE 2nd May - $169 - Stable EGF's suggest an earnings beat, though I don't expect much reaction in the stock price, so will likely drift lower.

The bottom line is that S&P downtrend should resume which will drag most stocks lower, trending lower into the 2nd half of May that that fits well with when Nvidia reports earnings on 22nd May. which given the EGF's should be a strong BEAT, hence I have been accumulating Nvidia, now 7% invested of target.

Bitcorn - Focus on $100k+ 6 months from, now.

Next article underway - "Interest Rate Cuts, Be Careful what you wish for, Recession 2025!"

And again for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $5 per month, this is your last chance to lock it in now at $5 before it soon rises to $7 per month for new sign-ups.

Latest analysis - Stocks Correct into Bitcoin Happy Thanks Halving - Earnings Season Buying Opps

The smoke in mirrors drama in the middle east delivering buying opportunities in target stocks,

And gain access to my exclusive to patron's only content such as the How to Really Get Rich series.

Part 1 was BIG! >

Change the Way You THINK! How to Really Get RICH - Part 1

Part 2 was HUGE! >

Learn to Use the FORCE! How to Really Get Rich Part 2 of 3

Part 3 Is Huger! And Gets the Job Done! >

Here's what you get access to for just $5 per month -

※ Patrons Get FIRST access to all of my In-depth analysis and high probability Trend Forecasts, usually 2 full months before the rest of the world. Notified by Patreon by email as well as posted on this page and I will also send a short message in case the extensive email does not make it to your inbox.

Access to my carefully constructed and maintained AI Tech Stocks Portfolio that is updated on an ongoing basis, that includes on going commentary and a comprehensive spreadsheet that features unique innovations such as the remarkably useful EGF's.

A concise to the point Investing Guide that explains my key strategies and rules

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 Access to my comprehensive How to Really Get Rich series of articles, clear concise steps that I will seek to update annually and may also eventually form a Patrons only ebook.

Access to conclusions from my ongoing market studies from a total of over 200 conducted studies over the decades. updated whenever the market poses a question to be answered. Also enjoy the fruits of R&D into machine learning such as the CI18 Crash indicator that correctly called both the pandemic crash (Feb 2020) and the 2022 bear market (Dec 2021) well before the fact.

Join our community where I reply to comments and engage with patrons in discussions.

 I will also keep my Patrons informed of what I am currently working on each month.

 Influence over my analysis schedule.

My objective is to provide on average 2 pieces of in-depth analysis per month and regular interim pieces of analysis as market briefs. So over a 12 month period expect to receive at least 24 pieces of in-depth analysis. Though my focus is on providing quality over quantity as you can see from the extent and depth of my analysis which I deem necessary so as to arrive at that which is the most probable market outcome.

So for immediate access to all my analysis and trend forecasts do consider becoming a Patron by supporting my work for just $5 per month. lock it in before it rises to $7 per month for new signup's this month, so this IS your last chance!

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Your analyst who no longer uses that waste of time called X.

By Nadeem Walayat

Copyright © 2005-2024 (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 35 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2022 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

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