Ericnomics Trade Ideas: Dip Buy Opportunities Next Week

Ericnomics Trade Ideas for Next Week

💻 Nvidia
Morgan Stanley reiterates and issues bullish report. Nvidia down from its $148 highs so it seems attractive to me.

₿ IBIT
As bitcoin falls down to $95k, I’ll be watching for a confirmation of support level.

🍟 Mcdonalds
Looking at technicals on the chart, it is forming a rounding bottom pattern, which is generally viewed as bullish.

Weekly Recap of Key Events

Fed cut interest rates by 0.25%. 2025 outlook looks grim: 2 cuts anticipated in 2025 dropped from 3 cuts as the fed expects to get inflation down to 2% target in 1-2 years, resulting in $1.5 trillion market sell-off.

Bitcoin and crypto markets tumble below $100k.

Amazon workers strike so packages could potentially be delayed. No impact on stock price yet.

Honda and Nissan explores merger talks as competition grows.

FedEx shares are jumping 8.6% in premarket trading after the company said it plans to spin off its freight division into a separate publicly traded company.

Softbank to invest $100b in US market.

Looking for daily real-time investing guidance and ideas?

💡Stay focused on value amidst the week’s winners, losers, and upcoming economic data.

📈 Winners of the Week:

Birkenstock (+13.09%): The company's stock rose following strong fourth-quarter results, with revenue reaching €455.8 million, driven by robust sales of sandals and clogs in the U.S. and Asia.

Palantir Technologies (+9.61%): Shares increased after the announcement of a $618.9 million contract extension with the U.S. Army, reflecting confidence in its AI-driven data analytics capabilities.

Chewy (+5.64%): The online pet retailer's stock climbed as it continued to shed its meme-stock past, demonstrating strong execution and exceeding analysts' sales forecasts for the third quarter.

📉 Losers of the Week:

Novo Nordisk (-20.59%): The pharmaceutical giant's shares plummeted after its experimental obesity drug, CagriSema, failed to meet expectations in clinical trials, achieving only a 22.7% weight loss compared to the anticipated 25%.

Super Micro Computer (-14.62%): The stock declined amid broader market concerns and along with an overall decline in semi-conductor stock prices.

Coinbase (-11.80%): Shares fell as the cryptocurrency market faced volatility, impacting trading volumes and investor sentiment toward the crypto exchange platform.

🔎What to Watch for Next Week:

Potential Santa Claus Rally?

Monday: Consumer confidence

Tuesday: New home sales, market closes at 1pm

Wednesday: market closed

Thursday: Initial jobless claims

Investors should monitor these events closely, as they could significantly impact market dynamics in the coming week.

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