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Half point rate hike CRASHED the market yesterday - Market update 4-22-22

22 Apr 2022

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Jerome Powell crashed the markets yesterday by saying a half point rate hike was going to happen in May. Everyone thought this was priced in the market - but it seems it wasn't. $UVXY was the play trading at $11 when he first spoke to close at $13.  $EQT - Natural Gas - large $49 calls for June were bought. $42 is where it's trading today.  $DIS at $120 - I think you're good starting positions here with earnings coming up. It's crazy how beaten up the stock is.  $AXP - beat earnings - I think this is going to $200 by summer.  $SNAP - missed earnings but average users and revenue per user were up.  $FB - under $200 but with $SNAP not figuring out IOS changes, this may be under more pressure.  $SEDG - great trading stock when it hits $220 or so.  $TWTR - Elon is upping offer - get ready - he doesn't want to back down and out. He is forcing the boards hand.  $VZ lost customers - $T gained - $VZ is a good dividend play.  Shippers are on standby I think.  $CLF - beat earnings - hopefully you got 10% out of it. It will go back to it's 52 week high of $34 but don't be greedy if you have profits. It's very high PE here.  $AMZN - anything under $3k is a good buy I think. I own alot.  $KMB - able to raise prices on their earnings  $AAPL - under $170 - buy it.  $SHOP - I led you wrong on this, but remember - always cut your losses at 5% $F - being hyped by Jim Cramer again this morning. Get in under $16.  $DVN - almost under $60 - get it for the energy pop. 

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