Mark's War With Elon: Power Gauge Style

Elon Musk is furious... If you haven't heard yet, social media giant Meta Platforms (META) just released its competitor to Musk's Twitter. [Chaikin PowerFeed]( Mark's War With Elon: Power Gauge Style By Marc Chaikin, founder, Chaikin Analytics Elon Musk is furious... If you haven't heard yet, social media giant Meta Platforms (META) just released its competitor to Musk's Twitter. It's a stand-alone app called Threads. And it piggybacks off a user's existing Instagram account. That means Meta Platforms founder Mark Zuckerberg can funnel Instagram users into the new app. So more than 500 million daily active accounts could soon make their way to Threads. For context, Twitter has an estimated 206 million daily active users. No wonder Musk is worked up about this development. He plans to do everything he can to stop it – including a potential lawsuit. In a letter to Zuckerberg last week, Musk's lawyers said... Twitter has serious concerns that Meta Platforms ("Meta") has engaged in systematic, willful, and unlawful misappropriation of Twitter's trade secrets and other intellectual property. Put simply, Musk thinks that Meta Platforms stole Twitter's stuff. Folks, I can't pretend to be on the cutting edge of social media technology. And the feuds between these two mega personalities are entertaining – if not a little silly. Still... we're talking about one of the world's largest companies. Meta Platforms' market cap is roughly $745 billion today. It's the ninth-most-valuable company in the world. Let's use this ongoing circus between Musk and Zuckerberg to take a closer look at Meta Platforms today. As you'll see, the Power Gauge can lead us to a valuable takeaway... Recommended Links: [A Massive Wave of Bankruptcies Is Coming [See By Tomorrow]]( While the stock market hums along, a much bigger (and more important) market is flashing a huge warning today. It's one that will definitely affect stocks... housing... and the entire economy. Ignoring this signal would be a big mistake. But billionaires (and some of America's top analysts) LOVE this kind of turmoil. It's a chance to buy world-class investments for pennies on the dollar. Not to mention, it's a rare opportunity for you to see 700%-plus gains, based on history. By tomorrow, [get the full story here](. [The U.S. dollar's biggest innovation since 1971 begins this month]( The U.S. dollar is "going crypto" beginning this month. If you get positioned now, you could make 3,050%. At the very least – move some cash into one investment immediately. [Click here to learn more](. Folks, I'm sure I don't need to remind you... Meta Platforms suffered a colossal wipeout in the recent tech wreck. From its peak in September 2021 to its bottom in November 2022, the stock plunged a staggering 77%. Now, as the company feuds with Musk, its stock is soaring once again. It's up roughly 225% from its bottom – including about 141% this year alone. The Power Gauge has tracked Meta Platforms' incredible surge, too. Take a look... [Chaikin PowerFeed] As you can see in the first bottom panel, our proprietary relative strength indicator turned positive in January. That means Meta Platforms started outperforming the broad market. Not long after that, the Power Gauge began flashing "bullish" signs on the stock. And you'll notice that the company has held a "bullish" or better rating since late April. Now, that doesn't mean Meta Platforms is faultless. You can see in the Power Gauge's breakdown below that the company struggles in the Financials and Earnings categories... [Chaikin PowerFeed] Despite the weakness in those two categories, the company's stock is soaring. And thanks to the strength of the other two categories, the Power Gauge is firmly "bullish" overall. So what does this mean for Threads, Twitter, and the war of personalities? What can investors like us take away from this ongoing circus? Put simply, Twitter's lawsuit threat likely won't derail Meta Platforms' momentum. And even better, the Power Gauge expects the stock to keep outperforming in the coming months. Good investing, Marc Chaikin Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 -0.53% 11 16 3 S&P 500 -0.26% 181 239 79 Nasdaq -0.32% 57 35 8 Small Caps +1.16% 541 897 427 Bonds -0.60% Energy +2.22% 0 16 7 — According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are Bullish.. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Real Estate +0.27% Communication -0.05% Utilities -0.08% Discretionary -0.26% Energy -0.39% Financial -0.39% Staples -0.96% Industrials -1.04% Information Technology -1.52% Materials -1.94% Health Care -2.81% * * * * Industry Focus Oil & Gas Exploration & Production Services 5 34 18 Over the past 6 months, the Oil & Gas Exploration & Production subsector (XOP) has underperformed the S&P 500 by -16.21%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #18 of 21 subsectors. Indicative Stocks [rating] STR Sitio Royalties Corp [rating] DEN Denbury Inc. [rating] OXY Occidental Petroleum * * * * Top Movers Gainers [rating] SLB +8.61% [rating] HAL +7.79% [rating] DISH +6.90% [rating] MOS +5.36% [rating] BKR +4.78% Losers [rating] BIIB -3.48% [rating] HUM -2.46% [rating] MRK -2.46% [rating] LLY -2.40% [rating] GILD -2.39% * * * * Earnings Report Reporting Today Rating Before Open After Close No earnings reporting today. Earnings Surprises No significant Earnings Surprises in the Russell 3000. * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. For questions about your account or to speak with customer service, call [+1 (877) 697-6783 (U.S.)](tel:18776976783), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2023 Chaikin Analytics, LLC. All rights reserved. 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