NVDA + DELL + SMCI: What’s Next for AI?
Join David Prince LIVE as he breaks down: -What’s next for Dell (DELL) after earnings -Why Super Micro (SMCI) is getting pounded so hard -Why there is only one Nvidia (NVDA) -What today’s Viking Therapeutics (VKTX) news means And MORE!
Continue Reading -->Trading Psychology Tip – Do What IS NOT Comfortable
Sami Abusaad explains why in trading, you can’t always do what’s comfortable. When you feel very strongly about something, you should often do the opposite. Sami learned this from the Marty Schultz book “Pitbull” — specifically when Marty says you should double a position.
Continue Reading -->Trading Success: Making Money vs. Being Smart
You can focus on being smart. Or making money. These are NOT the same thing. David Prince of T3 Live’s Inner Circle explains.
Continue Reading -->NEW: Options In Plain English
Introducing… What if you could learn Options In Plain English? Without all these crazy equations: You can… which is why options pro Dan Darrow created an all-new LIVE training program called… Options In Plain English Yes, we really called it that. It teaches you how options trading works… in Plain English… so you can understand it. Zero fluff. Zero complicated math. 100% focus on what makes options move, from a pro who’s been slinging options with real money for 18+ years. He hasn’t been buried in textbooks. He’s been trading real money. That means he can: Help you avoid big mistakes that cost you hundreds or thousands of dollars per trade Let you see when an idea is worth taking Show you how to use the right strategy at the right time in the right name This Is NOT for Everyone We do not recommend Options In Plain English to advanced options traders. But you will love this program if: You are new to options and want to build the right foundation You have some experience but want to be more profitable You want consistency in your profits instead of riding an emotional rollercoaster* *Many people start with options wanting to swing for the fences over and over again. If this is your mentality, you will end up broke, angry, and regretful. Dan will teach you to take smart risks so you can win in the long run. We want you winning for YEARS — not blowing your whole account in the next 5 days. How About Pricing? We’re spicing things up since this is a new launch. You have two packages to choose from. One is awesome. And one is more than awesome. BUT… they are both the same price. We explain here. Sincerely, -T3 Live
Continue Reading -->Why Gold Can Hit $3,000
JR Romero sits down to explain: Whether last Thursday’s big red bar means anything A dangerous psychological phenomena that destroys traders Why Gold can hit $3,000 Why he’s been so bullish on Nvidia (NVDA) The big problem with the growing national debt deficit
Continue Reading -->Why Sami Abusaad Stuck with Nvidia
In this video, Sami Abusaad discusses why he stuck with Nvidia (NVDA) in the Strategic Swing Trader newsletter. Sami also goes over: Why he’s been wildly bullish on Robinhood (HOOD) What he thinks of Dell (DELL) into earnings Why China might be a buy Why he uses the 20 day moving average When Sami uses volume in his trading And more!
Continue Reading -->David Prince: Trading Strategy Update
David Prince of T3 Live’s Inner Circle updates us on his trading strategy into June of 2024. David goes over: How to view the underperformance if IWM vs. SPY Why options buyers could be disappointed by Dell’s (DELL) earnings on May 30 Why Dell outperformed momentum favorite Super Micro (SMCI) How he played tricky solar name Enphase Energy (ENPH) And More!
Continue Reading -->The Bull Case for Viking Therapeutics
The weight-loss drug market is booming as you see with $LLY and $NVO.@epictrades1 explains why $VKTX is one to watch, and why it could be taken over. ⭕️ https://t.co/XT0fy7n48t to join David pic.twitter.com/vZ3Z4rhbcY — T3 Live (@t3live) May 1, 2024 David Prince has been a long-term bull on Viking Therapeutics (VKNG) for some time as a prime play in the weight loss drug space, which has been dominated by Eli Lilly (LLY) and Novo Nordisk (NVO). In this video from May 1, David explains why the company might be taken over in the future by a larger company like Pfizer (PFE), Merck (MRK), or Bristol-Myers (BMY)
Continue Reading -->Coffee With Greta: Hot Labor Market
Editor’s Note: Coffee With Greta will be on pause until mid-July as Greta takes maternity leave to bond with her new baby. DJIA Futures: +148 (+0.4%) SPX Futures: +26 (+0.5%) NASDAQ Futures: +103 (+0.6%) Good morning friends! Futures are holding onto gains despite the release of a hotter-than-expected jobs report. Let’s get right to it! Hot Job Growth The U.S. labor market is still running hot. The Labor Department reported the economy added 303,000 jobs in March vs 200,000 expected. But looking deeper into the report, the rest of the numbers are mostly in line with expectations. The unemployment rate dipped as expected to 3.8% from 3.9% from previously. Average hourly earnings, which are in focus as the Fed looks for signs of cooling inflation, rose 4.1% year over year. That was down from 4.3% in February and in line with estimates. The labor force participation rate rose to 62.7% from 62.5% in February vs 62.6% expected. February’s job growth was revised lower by 5,000 to 270,000 while January was revised higher by 27,000 to 256,000. Yields Pop Treasury yields are popping this morning after the release of that jobs data. The 10-year yield is up seven basis points to 4.39% while the 2-year yield is six basis points higher at 4.72%. CME Group’s FedWatch Tool shows traders starting to dial back rate cut expectations. Just 50.7% now say they expect the first cut at the June meeting, down from over 70% last week. Kashkari Spooks Market On Rates Minneapolis Fed President Neel Kashkari spooked markets on Thursday with comments about zero rate cuts in 2024. During an interview, Kashkari said, “If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts at all.” His comments come after several other Fed officials, including Chairman Jerome Powell, spoke this week and said more evidence is needed on cooling inflation. The next piece of important data after today’s jobs report will be the March CPI and PPI next week.
Continue Reading -->Coffee With Greta: Waiting For The Jobs Report
DJIA Futures: +189 (+0.5%) SPX Futures: +32 (+0.6%) NASDAQ Futures: +153 (+0.8%) Good morning friends! Futures are higher as traders await Friday’s jobs report. Let’s get right to it! Weekly Jobless Claims Climb Weekly jobless claims rose more than expected last week. The Labor Department reported 221,000 Americans filed initial claims for unemployment benefits. That was up by 9,000 from the week before and the highest total in nine weeks. Economists expected claims to rise to 213,000. Continuing jobless claims dropped by 19,000 to 1.79 million in the week ending March 23. Powell Emphasizes Need For More Data On Inflation Fed Chair Jerome Powell says the Central Bank is in no rush to start cutting interest rates. Speaking at Stanford University on Wednesday, Powell said, “On inflation, it is too soon to say whether the recent readings represent more than just a bump.” He said officials still need more data of inflation cooling in order to start cuts. Powell said, “We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2 percent. Given the strength of the economy and progress on inflation so far, we have time to let the incoming data guide our decisions on policy.” His comments came hours after Atlanta Fed President Raphael Bostic told CNBC he only expects one rate cut in 2024, in the fourth quarter. CME Group’s FedWatch Tool shows 61.5% of traders still anticipating the first rate cute at the Fed’s June meeting. Levi Rises On Strong Fiscal Q1 Levi Strauss (LEVI) shares are rallying 13.3% ahead of the open after beating fiscal Q1 expectations on the top and bottom line. Here’s how the denim company’s results compared to analysts’ estimates: Adjusted EPS: $0.26 vs $0.21 expected Revenue: $1.56 billion vs $1.55 billion expected Sales were down about 8% year over year, primarily due to a shift away from wholesale orders to retailers. Direct-to-consumer sales made up 48% of Levi’s overall sales, up from 42% a year ago and 25% two years ago. The company forecast full-year sales will rise between 1% and 3% with adjusted EPS between $1.17 and $1.27. Analysts were anticipating 2.4% full-year sales growth and EPS of $1.21. In Case You Missed It Growth in the U.S. services sector slowed in March. The Institute for Supply Management’s services PMI fell to 51.4% last month from 52.6% in February. That was lower than expectations for an increase to 52.7%. The business activity index rose 0.2% to 57.4%, new orders fell 1.7% to 54.4%, and the employment index rose 0.5% to 48.5%.
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