Summary
Highlights
The main indices (SP500, Dow Jones, NASDAQ) are declining in the pre-market. The SP500 is breaking below $20, potentially heading towards $481 soon. The NASDAQ, represented by the TripleQ ETF, shows a similar downward trend, breaking the $438 support level. A drop of just 1% more will lead to a bear market.
Target's stock is slightly down, but the company is making aggressive moves to sell flowers and plants. The speaker is accumulating Target for a dividend portfolio due to its attractive valuation (low PE ratio, price-to-cash-flow, and price-to-sales ratios) and a dividend yield of nearly 5%. However, the stock is trending downward, making it unsuitable for short-term trading.
Tesla is down over 4% due to an analyst warning about red flags in its upcoming earnings report. The speaker is cautious and will pay close attention to announcements beyond vehicle deliveries. There's potential for options trading, particularly put credit spreads, but not before earnings due to high risk.
Nvidia is falling below $100. The CEO's visit to Japan aims to secure more energy for AI needs. The company anticipates a $5.5 billion impact due to US export restrictions to China. Below $100, Nvidia is considered attractive and watching for potential put credit spread strategy near $80, considering the current RSI and MACD indicators.
The US dollar is falling sharply to its lowest level since February 2022 with concerns about the Fed's independence. The dollar's decline is reaching extreme oversold levels, historically suggesting a potential recovery. The speaker is considering call options if an ETF tracking the dollar's strength can be found.
Other Big Tech stocks are moving: Google is near recent lows, Amazon is especially interesting due to a nearly 2% drop, AMD is falling, and Netflix is rising but considered overvalued. China is withdrawing private capital from US companies and investing in UK companies like Shell, AstraZeneca, and Barclays. Linde, AstraZeneca, Shell, HSBC, Unilever, and Arm Holdings are highlighted as potentially attractive investments from the UK Market.