WATCH

They report Thursday. He likes it. It's a barometer of the economy. Watch their report.

WATCH

They report Friday. Rising prices aren't enough to turn around SLB, which has been in the dumps for a year and 4 months. But he expects a positive forecast from them, given drilling optimism.

DON'T BUY

It yields 4%, but at 16x PE, there's more downside to come.

DON'T BUY

China, through trans-shipments, is dumping steel through Mexico to pressure steel prices, therefore hurting Nucor. If and when Trump stops this, then NUE shares will rocket.

DON'T BUY
technical analysis by Jessica Inskip re: volatility, strong job market and higher inflation

This week, the market nearly broke below all key support levels, including the XLK (tech index). It looks very negative now, showing a sell signal. Inskip fears XLK could fall to $225, the next floor of support and the 26-week moving average. Bearish.

DON'T BUY
technical analysis by Jessica Inskip re: volatility, strong job market and higher inflation

The post-election rally kept the S&P up, and Inskip was hoping it would remain above 5,850, a key level. It closed the week today at 5,827, crossing that support. Next level of support is 5,783. According to the Ichimoku Cloud, the S&P chart has turned negative, bearish. Inskip thinks we could roll back the entire post-election rally, taking us down to 5,783. The S&P broke below the 13-week average. 

COMMENT
technical analysis by Jessica Inskip re: volatility, strong job market and higher inflation

The markets have turned bearish, suddenly changing last Tuesday, as the market break below previous levels of support and moving averages, including the 40-week, and including tech and the broader S&P. The Mag 7, however, is more resilient compared to other sectors as yields rise, including today. Inskip notes that tech bounces back faster than other sectors after they sell off with the entire market. Tech can still report fine earnings. The Mag 7 has a 5% downside cushion before brushing against the 13-week moving average. We've seen inflation scares in the recent past as market climb, but those are the moments to buy, not sell. We could see a rally later, but a narrow one led by tech.

BUY

Great fundamentals, though a quarter of the US still bans sports betting. DKNG has done a good job increasing parlay use. Delta just announced a partnership--we'll see how that plays out. iGaming saw a 14% bounce last quarter in customer count YOY; it's small, but has a lot of room to expand. Overall, DKNG has a lot going for it, and it does well during the NFL playoffs. Also, shares are down a lot, so shares are cheap.

BUY

Is surprised by their current weakness. ABNB has an international footprint and are doing well, just not enough to move shares up. It will happen.

DON'T BUY

Its peers are coming back, but Nike has a tough road ahead. Is -31% the past year. It looks cheap, but it will take several quarters for the activist investor to improve the company. It's dead money for 3-6 months.

DON'T BUY

Today they reported weak numbers, missing on almost every line and cut their full-year sales forecast.

BUY ON WEAKNESS

It's a play on the Chinese economy, which is not doing well.

DON'T BUY

He doesn't buy a stock purely for its yield, but it must show growth.