Market Update for 02/10/2022 (Delayed)

Daily Update:

  • IRNT +21.7%, TWLO +19.7%, MQ +11.2%, MAT +10.6%, DIS +7.7%
  • Looking for the continuation in both MU and VZ (Open Swing Positions).
  • BAC ripped on the CPI data, we will look for the gap and go setup on BAC after possible morning selling.
  • Given the market shrugs off CPI data, we can look to position in CHWY and RBLX as they both had significant breakouts yesterday.
  • Watching XOP for moves on Oil where we will position in OXY to capture any moves.
  • ARCH strong in premarket pushing into All-Time-Highs, looking to play the possible continuation with breakout over 111.83. Currently trading at 111 in premarkets.
  • And of course, if we see significant selling pressure on technology we will look to trade QQQ puts or other technology shares such as DIS, MSFT, or AAPL to capture the downside moves.
  • Walt Disney (DIS 158.00, +10.77): +7.3% after beating top and bottom-line estimates and growing total Disney+ subscribers by 37% yr/yr to 129.8 million.
  • Coca-Cola (KO 61.80, +0.76): +1.3% after beating top and bottom-line estimates and guiding FY22 EPS above consensus.
  • Twilio (TWLO 243.99, +41.98): +20.8% after eating top and bottom-line estimates and guiding Q1 revenue above consensus. Q1 EPS guidance was below consensus.
  • Uber (UBER 42.50, +2.31): +5.8% after beating top and bottom-line estimates and saying, “Mobility is already starting to bounce back.”
  • Mattel (MAT 25.26, +2.51): +11.0% after beating top and bottom-line estimates and guiding FY22 EPS and revenue above consensus.
  • Twitter (TWTR) misses by $0.01, reports revs in-line; guides Q1 revs in-line; authorizes new $4 bln share repurchase program which includes $2 bln ASR; reiterates long term mDAU target
  • CDC is in disagreement with governors that are removing mask mandates and is working on new guidance, according to the New York Times
  • New York City, Los Angeles, and San Jose will continue with mask mandates despite their states removing them, according to the Wall Street Journal
  • Chicago will end vaccine requirement for patrons of restaurants and bars 2/18

Yesterdays Trades

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Logan D. Guest

Logan D. Guest

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