Positive GDP Data

Wall Street Warrior Presents ➡ ➡ ➡ This morning, the U.S. Economy posted better-than-expected growth numbers for the third quarter. GDP grew 2.6%, staving off fears of an impending recession. Here are the details. And major indices hesitate after the most recent bounce. Here’s a chart of the SPDR Dow Jones Industrial Average ETF (NYSE: DIA) … So … where do we go from here? The GDP data is bullish, but the market’s also looking ahead to FED meeting next week. There’s likely to be another interest rate hike. There’s definitely a lot for investors to digest. That’s why we’re not focused on investments. The plan is to identify volatility and trade the best patterns. A market bounce adds strength to the kinds of plays we look for. But ultimately there’s a new play every day. For example, we’re still in earnings season. Major companies are releasing financial reports that translate to market volatility. Here’s the scoop … Tech Tumbles Lower market prices for tech companies Microsoft Corporation (NASDAQ: MSFT) and Alphabet Inc. (NASDAQ: GOOGL)signaled an underperforming sector. But Meta Platforms, Inc.’s (NASDAQ: META) Wednesday report turned the stumble into an all-out faceplant. And Zuckerberg expects lower revenue next quarter. All while he pumps billions into the metaverse. Here’s the full story. They missed earnings expectations by 13% . And Today the stock gapped down 24% … But it’s not all bad. There are companies beating estimates in this market. First up is Royal Dutch Shell PLC (NYSE: SHEL). The company posted huge earnings and revenue. Here’s a data table … The #1 Stock Under $5 [ad] Virginia Stock-Picking Millionaire Says It’s Not About Diversification! One single stock under $5- that trades under a secret name- could help you build your retirement.His details are here. The company also announced a share buyback as well as a dividend increase. Here are the details. Another company that had a strong third quarter; McDonalds Corporation (NYSE: MCD). More details here. Even though prices are higher, consumers continue to spend money at the fast-food-chain. Likely for two main reasons … * Even though prices are higher, they’re still a rather cheap and easy option. Prices are up everywhere. And McDonalds is still pretty cheap. Or at least it’s associated with being cheap and easy. * It’s a comfort food. When prices are high, people are stressed out. They revert to tasty garbage because it provides some sense of contentment. We saw the same thing with Pepsico, Inc. (NASDAQ: PEP). Take a look at the chart since their latest earnings … The 2 Hottest Stocks on Thursday These tickers have everything we look for … * Volatility * Volume * Low float * Low price * News And if you checked the scan this A.M. you would have seen them … #1 AgroFresh Solutions Inc. (NASDAQ: AGFS) This is a potential short squeeze. They announced a possible takeover at $3/share . And all day the price has been inching closer to $2.80. There are traders all over Twitter trying to short this thing … Here’s an example … Check out the intra-day chart … #2 Heartcore Enterprises, Inc. (NASDAQ: HTCR) This stock has only 4 million shares in the float. And today it’s already rotated 5 times. That’s great to see. Also, it just sealed a licensing agreement with a Japanese company for crypto mining software. Japan’s been ramping up its crypto activities over the month. Always trade with a plan! Let’s get after it! Guardian Financial Publishing 3571 Far West Blvd Austin, TX 78731 test This email was sent to {EMAIL}. Don't want to receive these emails anymore?Unsubscribe Privacy Policy | Terms | Risk Disclosure