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MoneyShow Silicon Valley Invitation (And A Minor Trade Alert)
Most of you are probably familiar with Lululemon’s $LULU products, including its yoga pants which will definitely be used in space travel, on the Moon, and Mars (ha!). Jokes aside...
A Trading with Cody "Trade Alert" went out on March 8, 2024, with a full writeup, when it was at $83. It closed on May 13 at $132.
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Most of you are probably familiar with Lululemon’s $LULU products, including its yoga pants which will definitely be used in space travel, on the Moon, and Mars (ha!). Jokes aside...
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The AI Revolution continues to gain steam. For those that missed it, Jenson Huang — the CEO of NVIDIA (NVDA) — delivered an extremely impressive keynote address at NVIDIA’s GTC (which stands for GPU Technology Conference, in other words, its an acronym of an acronym) on Monday.
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This is a relatively small-cap stock and it is close to all-time highs, so we are not loading up on it just yet, but we are excited about this Revolutionary biotech company that we think has the potential to be a very high gross margin, multi-billion dollar revenue business in just a few years.
Trade Alert
Here’s the transcript from today’s Live Q&A Chat. Note a few of the minor trade alerts below in BOLD. Check out this clip of my appearance on Fox Business last week with my good friend Charles Payne talking about inflation, Nvidia and our new book, The
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A few trade alerts to note. We sold more Intuitive Machines (LUNR) above $10 today. The company’s Odysseus lander is currently in a 92 km circular lunar orbit and is scheduled to land on the Moon at around 5:49 ET tomorrow.
Trade Alert
Markets are ugly today with the DJIA down about 750 points, the Nasdaq down 2.25%, and the Russell 2000 down nearly 4.5% as of this writing. The breadth of red vs green on the screens is pretty remarkable, as evidenced in the picture of random stocks/ETFs below:
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We are doing some trimming and hedging today as this market feels pretty frothy and this might even be a blow-off top right here (although that is very hard to predict) with so many major moves in stocks this week.
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First off, we are moving on from BYD Company (BYDDY). This is simply more portfolio cleanup like we mentioned last week. We are still holding onto our Tencent (TCEHY) and iShares China Large-Cap ETF (FXI) call options and even bought a little more TCEHY on its recent weakness.
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These trades are simply a factor of portfolio management. We have limited capital (and limited brain capacity too of course!) and we must place our capital (and brain cycles) in the investments that: 1) have the best long-term risk/reward setup; 2) and that we have the most conviction in.
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A. SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust Series 1 (QQQ), and iShares Bitcoin Trust | (IBIT). IBIT would probably top the list of ETFs I’d consider.
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As Walt Disney once said: “I never called my work an ‘art’. It’s part of show business, the business of building entertainment.”
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The best time to invest in a new market or asset class is typically when that market or asset class is universally hated like it is right now with China.