The Bottom Line:
- Review of top 5 stock picks
- Upcoming earnings report highlights
- Technical analysis on popular stocks like NVIDIA
- Insights on risky stocks like Spirit Airlines
- Analysis of Black Rock (BLK) potential reversal
Review of Top 5 Stock Picks
Review of Top 5 Stock Picks
it’s time to prep for the trading week what’s going on guys it’s Ricky with teut Solutions I hope that you guys are all having an amazing Sunday today it is May 5th 6:52 p.m. Pacific Standard time and it’s time to prep for the trading week so I want to remind you that in this video we’re going to be breaking down the top five stocks that our group members see value in if you ever want to just subscribe to the channel again I’d love to answer any questions you might have and hey maybe next week I can be breaking down your top stock none of these stocks are stocks suggestions I want to remind you that this is just people’s opinions and I’m going to be breaking them down and giving my opinion if you have any questions after this live stream feel free to comment down below or shoot me a direct message via Discord or via Instagram which is linked in the description of this video I’m going to start sharing my screen so you guys can see exactly what it is that I’m looking at and the trading platform that I trade on if you ever want to download Weeble they do have a free sign up bonus and you can have more than one trading application just a little heads up and that’s the fifth Link in the description down below and if you use my link and deposit $5 when you sign up you’ll earn up to 12 free shares if you have any questions about that again do not hesitate just shoot me a DM so sit back relax if you have a stock that you would like me to break down share it in that live chat and hopefully I can earn your thumbs up and maybe even consider subscribing if you feel like we earned it let’s go ahead and jump right into it one of the stocks that I wanted to start this video off this is my opinion this is the one that I’m paying attention to and I want to remind you just because a stock is overbought does not mean that it has to pull back this week but I talked about it in today’s earlier video and I want to get your guys’ thoughts do you think that carvana stock is overbought carvana stock is up 48% since reporting earnings check this out from the overall lows to its current uh trading price 47 48% currently trading at the highs of 12219 and it has huge pullback potential a lot of you guys know that I like shorting stocks that are overbought there’s obviously no sign of confirmation this thing’s still far above the EMA line it’s not indicating any signs of a reversal but it doesn’t mean that it can’t right and this is why I love staying patient or I can’t say that I love staying patient this is why I remind myself that I need to stay patient because this thing can go higher for longer which is why we don’t want to open up at the short position beforehand but if we do get confirmation of progress below that EMA and actual progress of this thing selling off and retracing back to its previous lows of $81 I don’t think that it’s going to go back down to $81 but I think that we can see a retracement maybe back down to 110 maybe from 110 to 105 maybe $100 flat I mean anytime anything pushes up 48% almost a 50% gain you almost kind of have to scratch your head and be like okay this might be an overreaction maybe it’s not the worst idea to take profits and maybe prepare for the market to correct itself so you guys let me know what you think carvana is one of the stocks that I’m going to be breaking down uh or broke down and paying attention to this week I also want to make you aware of all the different stocks that are going to be reporting earnings this week so these are just some of the main companies that are set to report earnings this this week on Monday we have spirit this is before the Market opens on Monday after the market closes we have paler that’s pltr Peter tals company a lot of you guys people have been paying attention to this Tuesday Disney before the Market opens we have Celsius we have Crocs we have Nicola we have Ferrari we have BP all reporting earnings how cool is it that we get to invest and trade companies that we use every single day uh as well as um after the market closes on Tuesday we have rivon uh we have upstart we have lift we have win all reporting earnings after the market closes and Reddit if I’m not mistaken I think this is the first time Reddit is going to be reporting earnings I’ll double check on that but again something to pay attention to Uber set to report earnings before the Market opens Shopify um and then we have affirm we have Toyota all reporting earnings before the Market opens on Wednesday after the market closes arm Robin Hood uh Airbnb AMC all reporting after the market closes we got Beyond me bynd D Thursday before the Market opens we got roblock Warner Brothers uh are some of the main ones and then after the market closes on Thursday uh none of these actually stand out to me so if you guys know any of these companies great they report earnings um after the market closes on Thursday and then Friday digital ocean and sphere okay those are about the only two companies uh and hii uh other than that I don’t really know any of the other companies that are reporting earnings on Friday uh before Market opens but um let’s go ahead and break down your top stock Ricky are you in Cali no I am in Arizona so this is my trading office uh at my house in Arizona but yeah so all right let’s go ahead and jump right into it if you want me to break down your top stock make sure you share it right now in the live chat if you do have to be subscribed to the channel to partake in that live chat and also don’t forget to drop a thumbs up if you want me to break down your stock so Ricky could you please review sa Ave thanks in advance of course I appreciate you asking so politely let’s go ahead and break this down so save needs some saving that was my dad joke to our lpp team uh Spirit Airlines is in the Brinks of filing for bankruptcy this thing has been struggling ever since it reported that you know the um what was it the partnership between was it United Airlines got blocked by the government uh because it could be viewed as a monopoly I didn’t think so I think there’s much bigger uh monopolies out there that haven’t been stopped but hey who am I to judge that I went from a trading price of $15 per share and it’s been selling off ever since then if it has I mean this is kind of like a Hail Mary if you think that it’s going to get saved and you think that they’re going to allow some form of partnership or buyout or it’s going to make its way to uh be able to not fall for bankruptcy then hey you could possibly be getting it at $341 my risk with this is that it will fall for bankruptcy and what if it does then at that point the process is it gets delisted from the stock exchange it’s going to continue to go as close to zero as possible $3 is cheap but guess what a150 cents is cheaper and trust me when these stocks are dropping they drop hard and they drop quick so this is just too risky of a stock for me I don’t like trading these kind of high-risk stocks uh if you like kind of just you know going for those hmary approaches that’s up to you but overall even just on the technicals lower highs lower lows consistent descending pattern and I just don’t see there to be a reason that I would personally want to buy into this because of how risky it can be I do agree with you that yes it can all of a sudden begin to recover sure um it’s just not the risk that I’m willing to take but again we all see value in different ways so if you do all power to you feel free to take the trade if that’s something that meets your criteria so all right let’s go ahead and break down uh Nvidia so Nvidia is not going to be one of the top five that I uh break down for this video so don’t count this as one I’ll just feel free to give you my thoughts Nvidia is too big of a company we talk about this in every live session uh Nvidia is recovering from its lows that it hit from 782 right it’s testing previous resistance zone right around $900 per share this will be a critical point if we show progress Beyond 900 I think that it could go back to retest previous highs and maybe finally hit $1,000 per share the risk with this is that if it gets rejected here then we’re most likely going to sell right back off to 750 and then possibly make new lows so right now I get I would say that this is going to be a pretty big week for NVIDIA because it will give us a better sense of direction of is it going to try to recover and make new highs or is it headed right back down to 750 50 per share I’m very excited to follow up with Nvidia but again um I think that we need to better see where the market is heading and that will better tell us where Nvidia will be heading as well right uh Nvidia sits at a 2.22 trillion market cap so please make sure that you’re aware of that so we got chaps asking about BLK which is Black Rock Let’s go ahead and break that down so here we go all right uh Black Rock on the day chart you could see that it’s coming back from a nice little retracement a lot of consolidation here it looks like it’s pending a potential reversal if we break above that EMA line based off previous patterns you can see that old support levels are becoming new resistance levels we’re kind of in this consolidation phase are we going to begin to recover right back to highs of 840 are we going to break its support and then actually continue to sell off that’s those are the two alerts that I would set here in this consolidation phase I wouldn’t care to buy because dire
Earnings Report Highlights to Watch For
Stock Earnings Preview
These are just some of the main companies that are set to report earnings this week:
Stock Analysis – Carvana and Spirit Airlines
Carvana stock is up 48% since reporting earnings, indicating potential overbought conditions. On the other hand, Spirit Airlines is facing challenges, with bankruptcy looming. Analyzing these stocks involves assessing various risk factors and potential outcomes.
Technical Analysis – Nvidia and Black Rock
Evaluating the technical aspects of Nvidia and Black Rock involves looking at key levels, such as resistance zones and potential reversal patterns. Understanding market movements and the implications on these stocks can offer insights for trading strategies.
Technical Analysis: Insights on NVIDIA and More
Insights on Carvana and Spirit Airlines
Carvana stock has experienced a significant increase following its earnings report, potentially signaling overbought conditions. On the other hand, Spirit Airlines is facing challenges, with the possibility of bankruptcy looming. Analyzing these stocks involves considering risk factors and potential outcomes in the current market environment.
Analysis of Nvidia and Black Rock
In evaluating Nvidia and Black Rock from a technical perspective, it is essential to examine key levels like resistance zones and potential reversal patterns. Understanding the market dynamics and their impact on these stocks can provide valuable insights for developing effective trading strategies.
Assessing Risks: A Look at Spirit Airlines
Key Points on Carvana and Spirit Airlines
Carvana stock has seen a substantial increase of 48% post reporting earnings, indicating potential overbought conditions. Conversely, Spirit Airlines is facing challenges, including the looming possibility of bankruptcy. Analyzing these stocks involves assessing various risk factors and potential outcomes amidst the current market landscape.
Technical Insights on Nvidia and Black Rock
When evaluating Nvidia and Black Rock from a technical standpoint, it is crucial to analyze critical levels like resistance zones and potential reversal patterns. Understanding how market movements can influence these stocks provides valuable insights for crafting effective trading strategies.
Exploring Black Rock (BLK) Potential Reversal
Exploring Black Rock and Nvidia Technical Analysis
Black Rock appears to be in a consolidation phase with potential for a reversal if it breaks above the EMA line. Previous patterns suggest old support levels turning into new resistance levels, indicating a critical point of decision between recovery towards highs of 840 or further sell-offs.
When evaluating Nvidia from a technical perspective, attention is drawn to testing previous resistance zones around $900 per share. Progress beyond this level could signal a retesting of previous highs and possibly reaching $1,000 per share. Conversely, rejection at this point may lead to a downside back to $750 and potentially new lows in the future.
