edcarson.bsky.social
IBD News Editor by day, write about #stockmarket at night. On #IBDLive in a.m. Gen X pop culture enthusiast. Twitter: @IBD_ECarson | Threads: edcarson1971
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Investors should have cut exposure significantly last week. Further cuts may be needed. Perhaps this is just a rotation from highly valued stocks, and the major indexes will be back at highs soon. So have watchlists ready. But for now, it's time to preserve capital, physical and mental. 4/4
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But all eyes will be on Nvidia, with earnings and guidance due late Wed. That'll be key for the AI sector and broader market. Nvidia is in an ugly double-bottom base with a 148.97 buy point. It's set to have a handle after Monday with a 143.44 entry that lines up w/ a trendline. 3/
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Hardest hit were highly valued growth stocks like Palantir, AppLovin. The FFTY ETF sell-off reflects the damage. AXON and CAVA, two train wrecks last week, report this coming week. 2/
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Earlier, Tesla sold off hard once again. Multiple reasons why TSLA is falling, but ultimately it doesn't matter. It's flashed a few sell signals before that. 3/3
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DoorDash, Confluent and Upstart jumped on strong earnings overnight. So did beaten-down Super Micro. 2/
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Of course, if BYD underwhelms at Monday's event, shares could tumble, esp. after surging 20% last week.
In any case, pls check out my BYD vs. Tesla article, which covers the companies in depth.
4/4
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BYD is the low-cost EV leader, has leading hybrid tech and is rolling out a new, longer-range, fast-charging Blade battery this year. If smart-car/ADAS is no longer a drag, it's going to be a juggernaut. 3/3
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The EV giant has generally lagged in smart-car/ADAS, but has invested heavily to catch up to XPeng, Huawei and others. If BYD can equal or get close (with presumably low-cost components), it will be huge boost to sales and the brand image. 2/
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till a lot of big companies reporting earnings this coming week, plus key inflation reports. Stay engaged and flexible, with your watchlists and exit strategies prepared. 3/3
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Tesla sold off last week after hitting resistance at a trendline entry on Jan. 31. European sales weak to start 2025/EPS estimates tumbling. Perhaps renewed doubts that FSD is close to self-driving, despite Elon Musk's plan for Austin robotaxis in June. TSLA could rebound, but is damaged now. 2/
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Even now, there's speculation that Trump could hold off/modify the tariffs (or quickly roll them back in a few days) citing some token concessions.
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Tesla flirted with an aggressive entry on Friday before pulling back. Tesla earnings missed even with a Bitcoin gain, and Elon Musk (in contrast to the Q3 call) signaled 2025 will be meh. But Musk sees robotaxis starting this June in Austin. And that's what TSLA is all about. 6/6
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Google parent Alphabet, Amazon, Palantir and Fortinet headline another busy week of earnings, with all four around buy zones. 5/
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Despite everything, quite a few leading stocks flashed buy signals last week. Investors can be making buys, but must be nimble. It's unclear if markets have really priced in Trump tariffs, while the jobs report and more big earnings loom. 4/
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Trump hiked tariffs in his 1st term, but mostly on China and ex key items such as the iPhone. Just Sat.'s planned tariffs will be far larger. Also, his 1st-term tariffs followed major tax cuts. And unlike in his first term, inflation is elevated.
So this round is different. 3/
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The indexes fell Friday as the White House confirmed Trump will impose 25% tariffs on Canada & Mexico and hike China tariffs by 10% on Saturday - though that hasn't happened yet. Trump also said he'll soon hike tariffs on steel/aluminum/oil/drugs/chips and the EU. 2/
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The market rallied Tuesday, likely in part on expectations of the AI infrastructure deal. The Dow Jones retook the 50-day line, joining the S&P 500 and Nasdaq. The Russell 2000 is close. More stocks flashed buy signals or followed through. Speculative nuclear, quantum, space plays skyrocketed. 2/2
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Run your screens, update watchlists, and have your game plan for offense and defense ready.
Pls watch the video embedded in the actual story via the link above for an in-depth look at market conditions. 4/4
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Stocks rallied into Mon.'s Trump inauguration, with expectations of 100 or so executive orders on trade, immigration, TikTok, bitcoin, energy and more. With U.S. markets also closed Mon. for the MLK holiday, we could see a Tues. gap up or down. 3/
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This *could* be part of a choppy range from the past several weeks. But it's been a good time to add exposure gradually. A slew of stocks have flashed buy signals, incl. Tesla, Amazon, Broadcom, ServiceNow, Energy Transfer, Quanta Services. 2/
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Side note, but I find the international movement for nationalism fundamentally at odds with itself.