Kyle posted: " Earnings I will be watching closely Monday: RBLX Tuesday: W, HD Wednesday: TGT, NVDA Thursday: None Friday: None Lets Talk First off I just want to get this out of the way. I'm sorry I haven't been active lately on social media. "
First off I just want to get this out of the way. I'm sorry I haven't been active lately on social media. I've been taking a break from the internet to rejuvenate my mental health. I encourage anyone and everyone to take breaks once in a while especially if your whole life is surrounded by the internet. It can get to be a lot and taking a break might just be what you need to come back better and stronger.
Recapping last weeks "lets talk" I dove deep about why I think video game stocks are undervalued right now and why they can provide great returns over the coming weeks. You can read this here. Since then I would just like to note that APEX LEGENDS, $EA game, has seen a huge increase in total viewers on streaming sites. Now what does this tell me? Well for starters I think this proves my point that people are looking for something different to play. The gaming community moves like a pack of wolves. They find something they like to play, latch onto it, and grind the game until they cant stand it anymore. I think this recent raise in viewers will directly correlate with players and also give a good boost for $EA this quarter as they also have Battlefield 2042 coming out in October. It will be interesting to see how $ATVI's 'Warzone' numbers hold up this quarter with the recent craze for APEX LEGENDS.
Last thing before recapping last weeks stocks, I hope you have an amazing week and I wish you nothing but happiness and success:)
Recap of Last Weeks Stocks
$PLTR
These are the charts from beginning and end of last week
Due Diligence Quoted: "Earnings Report is this Thursday before open. I think $PLTR will report great but I'm putting this here because I'm PRAYING it goes below $20 so I can buy more. Unfortunately I think it will get bought up before it hits below $20. Out of left field guess I WILL BE WRONG but if I had to say I think PLTR reports great and price trades relatively flat."
Result: Reported well. Didn't go below 20.
Overall: Very pleased with earnings report. I wish I could have picked up some more shares but still happy with my position.
$U
These are the charts from beginning and end of last week
Due DIligence Quoted: "Due Diligence: $U reports Tuesday after close. I'm expecting a huge beat from $U."
Result: $U ended the week at 128 per share on nice volume!
Overall: I think $U is in a great spot now. This is my "Metaverse" play if you will.
$ATER
These are the charts from beginning and end of last week
Due Diligence Quoted: "Oh boy... One of fintwits most hated and loved stocks at the same time is reporting Monday HAHA! I honestly have no idea what to expect because of the silence period. I think the most important news will be an update on a better credit facility. This is going to be a fun one to drink my coffee in the morning and watch:)"
Result: It dropped...... alot
Overall: Shipping crisis is the story killer here. If you can find their way out of the storm I still think the business model is good.
This weeks stocks spotlight
$EA
Due Diligence: Putting this at the top spot because of notes above. Also is sitting on 200DMA. This is such a sleeper for the coming months
$ATVI
Due Diligence: Has recovered a little since recent sexual harassments news. Going to pay close attention to how this acts as we get to 200DMA
REMINDER:
These are my plays and stocks I'm watching for the week you should do your own due diligence and make plays according to your risk tolerance. I do this for fun and fun only.
As always if you have any questions about ANYTHING feel free to reach out on twitter Dm and ask away:) Good luck this week and...
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