[music]
>> Hey guys, Lawton here with Verified
Investing back with another
video. And in today, we're going to
cover overall all of the market's
biggest movers and just get a kind of
overall view of how the markets are
moving in general on this slow and
sleepy holiday Friday.
But before I go any further, please
remember to like this video and
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YouTube channel. It really helps us out
and allows us to continue to create free
content just like this for all of you
guys at home. With that being said,
let's hop right into it and let me go
ahead and share my screen.
Let's go and start with the S&P. So
today, the S&P
is not doing a whole lot.
Right? Initially opened up a little bit
lower off of the nonfarm payrolls that
came out slightly lower, right?
But we weren't expecting a whole lot
anyways. If we take a look at the volume
on the bottom right,
14 million
is that volume compared to the basically
42 million on the average 30-day. And
just so you guys remember, like it's
been really quiet for the past month or
so, right? So this is even more quiet.
So not a whole lot here. It'll be
interesting to see if we can push up and
maybe retest all-time highs next week,
particularly if some of these sectors
like semiconductors can end up catching
a bid.
But ultimately, we're going to have to
see if that happens.
Um moving on to the next one, the Qs.
Similar story, although a little more
volume here on the Qs, right? Uh 16.7
mil volume compared to, you know, 36 on
the average for a 30-day, still only
about half of the average volume. So,
the relative volume is still quite low.
The Qs are actually green.
Showing that tech is strong
comparatively, right? Which you might be
asking, well,
what tech is up?
And that would be the SMH.
Where the semiconductors are actually
performing quite well today in
comparison.
Um and we could be on the verge of
pushing up higher here on the SMH.
Taking a look at this chart,
the SMH is actually breaking up and out
of a beautiful down-sloping trend line.
And guys, if this continues to push up,
we could be headed somewhere closer to
600 bucks here on the SMH. But what does
that mean for stocks like Tesla, not
Tesla, excuse me, Nvidia and some of the
other semiconductors? Well,
for me, Nvidia
pushed up and almost hit this gap fill
from uh all the way from the 14th of
May, actually a day after my birthday.
And I anticipate if we have one more
good push up on the overall markets,
uh ta- Nvidia will be making an all new
all-time highs next week potentially.
Right? Again,
we know how holiday
you know, volume goes. We don't trade on
Monday, the markets are closed. So,
maybe,
you know, the overall markets might have
less volume leading to potentially a
float up in the markets, which would
certainly help Nvidia. Additionally, I
believe CPI CPI comes out next week
Friday. So, everyone's going to wait for
that. So, expect extreme amounts of
volatility to come back into the markets
either next week Friday or the following
week after that. So, back into the
charts taking a look at Tesla.
Tesla had a great
yesterday after the cyber cab um
after the cyber cab
display showed in Austin yesterday, but
we completely reversed that move and are
actually lower. Now, the question is
well, why is that?
And there's a really easy answer. It's
because
the uh robo-taxi is under
um
under investigation, right? And the
robo-cabs are under investigation
because they don't have steering wheels
actually in them.
Right? The NHTSA
opened an audit into cyber cabs
compliance with federal safety
standards.
Um
but there there are no manual controls
inside of these vehicles. So, let's say
you know, God forbid something
bad happened and you need to go over and
take control of the car you would be at
the mercy of the car basically and be
relatively unable to do anything at
least manually, right? There are there
are buttons and ways to emergency stop
the vehicle.
But, there's no way to manually take
control of maybe a rogue vehicle.
Right?
So, we can see that reflected in the
price of of Tesla coming in today.
But, you know Tesla's
starting to potentially break and
testing this down sloping up sloping
trend line.
But, I do anticipate a bounce in Tesla
right here around 330 and any sell that
I anticipate in Tesla would be
relatively short-lived
as Tesla's still way down from its
highs.
Um still down about 20% from its highs
all the way back in May.
>> [cough]
>> Next chart that's moving significantly
SanDisk. Wow, what a push in SanDisk.
And you can see here volume 10 million
shares traded as opposed to 15 mil
average on the 30-day. Low volume
pushing up nicely today just with the
rest of the sector. For me, key level
resistance about $1,800 is a gap fill
here at 1786. Should we push up into
there, anticipate some strong resistance
there on SanDisk um
uh next week.
Now, two headlines, big market movers.
First off, Lululemon.
Lululemon did report earnings
yesterday, and let's dive into these
numbers, right? If you just look at the
raw numbers, you say, "Well, they did
miss on revenue
down about 1.7%."
But, look at these earnings, earnings
per share.
They
had a
beat by 63%
basically. They beat expectation by 63%
Why is Lululemon down? It should be
soaring right now.
Well, the truth is that these numbers
are kind of
misleading. And they're misleading
because the earnings per share is taking
to account
uh a refunds based on previous tariffs
that have been paid. So, these are
one-time payments and not indicative of
overall real earnings.
Additionally, you know, their earnings
although like this isn't the true
number, they still beat earnings
expectations, but what matters the most
is they absolutely slashed their
guidance. So, basically, their forecast
moving forward is a lot lower, right?
Causing the stock to open up
down almost 20%. Had a good rebound,
right? But, for me,
Lululemon is trading at levels that we
haven't seen in quite a while. And
should price continue to come down, look
at all the support down here around 82
bucks.
That's the
area that I'd be looking to potentially
pick some up should Lululemon continue
to come down.
And now PATH,
UiPath, this software company also
reported earnings, and they basically
just met
right? They just basically met
expectations.
But when you're in a situation
where stock is rallying up into earnings
of over 86% over excitement of what
could be coming,
this this isn't going to cut it,
right?
A basically meet of expectations, no, we
want you to beat expectations, causing
the price to come down,
and price is still above its previous
earnings, still 15% higher than its
previous earnings where it literally
missed earnings,
and beat revenue expectations. For me,
key level of support I am going to be
watching this nice gap fill here around
$14, a nice whole even number there on
UiPath.
With that being said, that's all I have
for you today. Again, my name is Landon
Howe here with the Verified Investing.
Thank you guys so much for tuning in.
Don't forget to like, comment, and
subscribe to the Verified Investing
YouTube channel, and we'll see you in
the next one. Have a great day, and have
a great
long weekend, guys. Bye-bye.