Ericnomics Weekly Hot Picks: Tech Stocks On Watch & Shorter Week Ahead

šŸ”„My Investing Ideas for This Week & Market Insights

Thank you for signing up for my weekly Ericnomics newsletter! From now on, you’ll find my newsletter in your inbox every Sunday.

Here’s what you can expect each week: my investing ideas (stocks I’m watching), a recap of the past week’s market activity, and key events to watch for in the upcoming week. Plus, I’ll share a free educational video and some of my top-recommended financial tools. Let’s dive in! šŸš€

Ericnomics’ Main Watches: Tech Stocks šŸ“ˆ

  • Crowdstrike ($CRWD): Reporting earnings after the close on Tuesday. Keep an eye on how their cybersecurity offerings perform in a tough macro environment.

  • Google ($GOOGL): The DOJ is pushing for Google to break up and might even force them to sell Chrome. This could create significant ripples in the tech sector.

  • MicroStrategy ($MSTR): Famous short seller Citron has turned its focus on MSTR, but the stock remains resilient with a whopping 568% YTD gain. A battleground stock worth monitoring.

  • Super Micro Computer ($SMCI): After being under pressure, SMCI is showing signs of rebounding as investors are hopeful it will regain compliance.

Looking for daily real-time investing guidance and ideas?
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ā€œSpend each day trying to become a little wiser than you were when you woke up. Continuous learning is the key to success in investing.ā€

Charlie Munger

āœļøMarket Recap:

  • Nvidia (NVDA): Despite beating revenue and EPS estimates, Nvidia fell 3% before recovering. To me, this signals Wall Street is tapering its expectations for blowout earnings, which is a healthy sign for the market.

  • S&P 500: Gained 1.7% this week, bringing its YTD growth to 25.15%.

  • Bitcoin (BTC): BTC is on a tear, running up to $99K and potentially breaking $100K soon. Exciting times for crypto enthusiasts!

šŸ”ŽWhat to Watch for Next Week:

Next week will be shortened due to Thanksgiving, with markets open for 3.5 days. Here’s what’s on the radar:

  • Tuesday: Consumer confidence reports.

  • Wednesday Morning:

    • Initial jobless claims report.

    • Q3 GDP revision report.

    • PCE Index release (the Fed’s favorite inflation gauge).

Keep these key events in mind, as they can drive short-term market movements.

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ā€œShould you buy Nvidia after earnings? Here’s what you need to know under 1-minute.ā€

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