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Daily Stock Picks

Are Elon Musk and Tesla buying Twitter? Market update - 4-4-2022

04 Apr 2022

Description

Big news of the day is Elon Musk buying a 9% passive stake in $TWTR. The stock is up over 20% in premarket. I have a range that I think it trades in, but this is big for social media. I discuss my thoughts on Twitter, Facebook, Instagram, Tik Tok and Snapchat.  I discuss some plays that were suggested over the weekend including: $XOM - $80 is the support level and algo has us in. This might be good to play in to earnings as most energy plays might be.  $NEM - Carter Worth discussed this as an opportunity. To play this you would have to assume it can keep going above the 52 week highs.  $ETSY - is this one oversold and will it bounce like many other Covid plays?  Natural Gas  $FANG is one of the cheapest stocks to own in the S&P. This is probably a good one to get in to.  $ZIM - still love this one, but $SBLK I like as well in this category.  Dow Transports are down 4% YTD - but look at JB Hunt and others. These are opportunities.  $TSLA delivered 310,000 cars this quarter (vs. 185,000 this time last year) and that's without Berlin or Texas. This stock if it dips under $1,000 - pick it up. 

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