Daily analysis-20Jul2022
MooMoo account update 20Jul2022
What a nice day. $Netflix (NFLX.US)$ has released a nice earning with a better forecast (totally slapped my face, which i thought most companies will announce a worse forecast instead). Although it has lost almost 1 million subscribers again (expect 2 million subscribers to leave three months ago), but the forecast saying they will gain expect 1 million new subscribers to join in the third quarter, with revenue forecast to grow to $7.84 billion from $7.48 billion a year ago.
Still not bad, really. This could give more confident on what is going to come in the future.
$Netflix (NFLX.US)$ is consolidating, and moving sideways. The MA30 is still far from the the current price, and the slope is moving downwards. I won't buy it at this moment. Shall continue to let it settle down and close the gap between MA30 with the price.
Daily chart has gained the strength back to above MA30. The volume so so. Thus, the consensus on general US market is still the same.
Let's look on $Crude Oil Futures(NOV4) (CLmain.US)$ again. Last week managed to close below MA30, but now it is testing it again. If it bounces below, it is a very bearish move and I will short $Energy Select Sector SPDR Fund (XLE.US)$ at 65.
$Alibaba (BABA.US)$ is now testing the MA30 again- we shall see if this time it can break upside with a convincing volume.
$Netflix (NFLX.US)$ gives a good start for the tech earning. Next week will be more exciting!
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Please follow me in MooMoo community or subsribe my Youtube Channel here for more updates:
https://www.youtube.com/channel/UCXrx37FdB5C3Lby2m9R3HAQ
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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icezzz : What do u think tsla earnings?
JM investor OP icezzz : my guess will be most companies including Tesla will provide a weaker forecast because of the coming recession, then it will depend on if it is already priced in .
Amy forecast without a sharp decline of revenue or profit next quarter would be a good news
icezzz : Thanks.