I sold out of 10 stocks yesterday - I'm looking at more - 12-12-23 Market Update
Daily Stock Picks - A podcast by Gary Vaughan
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I sold quite a few stocks yesterday as a year end rebalance/cash raise/tax strategy. I go over each one and why Remember - Trendspider, Seeking Alpha and my paid newsletter all have FREE 7 day trials available. TRENDSPIDER SALE - best offer available (limited time) Sign up at link https://trendspider.com?_go=gary93 Email me at [email protected] I’ll send you the welcome letter that includes all the algorithms, watchlists and scanners that you see me use each and every day. Get $50 off a year of Seeking Alpha. https://www.sahg6dtr.com/2L9M597/R74QP/ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. https://www.tesla.com/referral/gary82526 Social Links and more - https://linktr.ee/dailystockpick FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - https://a.webull.com/gzxte9iTQnfaDYFDjM Get AT&T Fiber at your home - I have 1GB service https://www.att.com/referral/code/?ref=TVY-3964 NOTES CPI down .1% vs. unchanged estimates - good news - they probably need to reduce earlier as inflation continues down and yields are still inverted - so to get out of inversion - they need to reduce rates. Doosh of the day - this is rich dad - he’s just a doosh Yesterday’s market was crazy - good - but nuts - the mag 7 did not go up, but the market was up. This is good because the rally is growing from the bottom 497 stocks - bad in that my personal opinion is the market can’t support this. Talked about HPQ yesterday with a question in the social requests - Interesting they got an upgrade too $ORCL earnings miss - buy it on this pullback Many of you love shippers SBLK and EGLE - I traded them before EGLE is the big winner in this merger - I’m not a fan of shippers because they just won’t have the pricing power they had a couple years ago $M may be worth $25/share on this bid $PINS and $SNAP have made some solid moves recently - I do own $SNAP in my Webull “sports betting” account Goldman names $tgt top 2024 pick - can’t say I disagree $CSCO under $50 - good long term IMO $dvn and $oxy upgraded - $dvn price target taken down though All the stocks I sold yesterday Short term LISTED IN NEWSLETTER UNH - I’ll buy it back cheaper - had a nice 15% gain I will have more - I’m looking at OXY, PYPL, UBER, ULTA, XOM and XLY. All of this is raising cash to buy more and to maximize my tax situation. Might be time to buy PLTR again too Social requests - listed in newsletter Insider buy of the day - SCVL - shoe carnival - Chairman of the board bought $10M at $25/share. SCANS All scans in the newsletter. BK - 18% gain on a regional bank Covered Call ETFs - these are for income JEPQ QQQY - remember - in it’s short time it underperforms QQQ XYLG Vanguard ETF’s VYM QQQ VTV