Last week the Dow Jones lost 1.11%, the S&P 500 2.2% and the NASDAQ shed 2.8%! Bitcoin is sitting on the bench at $29k.
Even with futures up the Bears are shaping the narrative. Last week talks of the beginning of a bull market were stirring. Now, nothing has changed but sentiment is mildly askew. To be fair, we are in the last stretch of earnings season and companies have to actually prove they are worth their valuation. Wall Street is shortsighted and could be missinterpretating consumer weakness that might already be passed its peak. But Inflation is far from under being under control, rates will go higher.
Greta Gerwig's Barbie Movie passed the $1 Billion, making it the first solo Female Directed movie to do so. Barbie is still out here helping girls break glass ceilings.
Stocks to Watch
AirBNB (ABNB) was raised to $165 from $155 by Susquehanna. Wait for the market wide pullback to start a position.
Amazon (AMZN) raised $180 from $140 by Barclays. Cannot be slept on.
Palo Alto Network (PANW) had a juicy run and lates PT raise was to $275 from $245. Still worth to get in on a pullback.
Block (SQ) raised to $90 from $85. I am keeping my eye on it. Apple should buy it.
Happy investing!
Punkrock Capitalist
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