Pepsi's setup is compared to recent swing plays on McDonald's and other value stocks.
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Nvidia CRUSHED Earnings — Get Ready For Tomorrow
The creator discusses Nvidia's strong earnings report, which initially caused a stock dip but is now recovering in after-hours trading. They also touch on Meta's stock surge due to a lawsuit settlement and the latest PCE inflation data, which came in slightly hotter than expected. The upcoming Jackson Hole Symposium and the Federal Reserve Chair's speech are highlighted as key market-moving events.
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Tickers discussed in this post
Pepsi (PEP) is showing signs of breaking out of a downtrend with a good risk-reward ratio, targeting resistance near $160 from support around $135-$136.
Moderna (MRNA) is a downside watch if it breaks down under $145, as it has been volatile.
Oracle (OCL) is a momentum play to the upside if it breaks out above $151.75.
Western Digital (WDC) is a momentum play to the upside if it breaks above $480, benefiting from Nvidia's momentum.
Abercrombie & Fitch (ANF) is a buy after surging over 35% on record Q2 sales, strong EPS, and raised full-year guidance.
Palantir (PLTR) is a buy on a break above $180 resistance, with strong upside momentum and an overall uptrend following blowout earnings.
Nvidia beat earnings expectations, but the stock initially fell before recovering in after-hours trading, with the creator advising to stay adaptable.