You could hop in now, maybe try and frontr run the move. Not saying that you should do that. Uh but if you want to try and get in before this right shoulder, you know, starts to play out, you could now. But it is it's not confirming the breakout. So getting in is a little premature, you could argue. Uh but we'll see. Earnings are coming up here on the 12th, which is what um that's on Wednesday, guys. So, watch out for Nebius. NBIS for me. I'm waiting for that break, preferably above 200, and that would be a spot to hop in for a trade in my opinion.
Context
Nebius, ticker NBIS... I'm waiting for that break, preferably above 200, and that would be a spot to hop in for a trade in my opinion.
Full Transcript
I hope you guys had a great weekend, man, because we have so much coming up this week in the market. CPI, we have earnings from a lot of companies. And guys, although a lot of the big companies reported already, these companies are very important. So, we might as well dive into it. Hit the like button. Make sure to subscribe. Join my Patreon if you guys want to keep up with my portfolio updates, trades, investments. If you want to be a part of my private Discord, all that's linked down below in the description box, pinned in the comments, or go to stocksurfest.com/patreon. And now, let's dive into it. Oh, by the way, cheers. I appreciate you all for tuning in as always, and happy Sunday. Let's dive into it. So, you all know at this point, the S&P, the Russell, the Dow, all these indices except for the NASDAQ are hitting all-time highs and the Q's are right there. We're very close. As you all can see, we're trying to break through this channel. We have a cup and handle potentially forming here. Really, the breakout spot on the cues is right around 7:25, 7:30. We're there. We're probably going to test that this upcoming week. And we have CPI coming out on Wednesday. Let me show you guys this very quickly. Bear with me. And you know, we just got a pretty weak labor labor market report or a jobs report rather. Um the labor market's looking a bit weak. We lost 23,000 jobs in July. We were expecting a gain of 80 to 85,000. So that's going to lead the Fed to scratch their head a bit and think, okay, should we hike rates? Should we push that back a little bit? And that's why the market ended up running on Friday. And that might that might continue into this week. We have CPI coming out on Wednesday at 8:30 a.m. Core CPI is projected at point2% [clears throat] for the month which you guys know this is the change in the price of goods and services purchased by consumers excluding food and energy. So when you see core think excluding food and energy. So for the monthly number we are increasing from last month. Last month it was at zero. Right now it's coming in at 0.2%. That's the forecast for the core CPI on a monthly basis. Now on a yearly basis it's going to drop. That's the forecast. Last month it was at 2.6%. Now we're looking at 2.5% for the forecast for core. uh for the yearly number and for the headline overall number CPI the monthly numbers projected at 0.1% it was at minus.4 last month so that's going to be um an increase from where uh from where it was last month and on the yearly number it's going to drop just like core uh for the CPI yearly number we're looking at 3.4% 4% that's the forecast and last month it was 3.5%. So the monthly numbers are going to spike up uh for you know core and the headline number but the yearly numbers are projected to drop from last month. Not too bad. And again here on the cues guys the only indicy that hasn't hit all-time highs yet. The only index uh index this is on the verge of breaking out. I'm watching 630 625 for the breakout. And if that does take out, if we take that out, 748, 750, maybe higher is where we could be going. So, QQQ, keep your eyes on it. Obviously, I am all these um indices and all these stocks that we're about to get into right now, guys. These are all mustwatches. So number one is Nebus, ticker NBIS, which you guys know LEO pulled situational awareness that fund. Nebias is one of the stocks they went heavy in, right? And this stock completely blew up from 300 all the way down to 140 in the span of 40 days. We're talking 55%. Now it's finally starting um to chill out a bit, stabilize. Although it is it is still very all over the place. We hit 168, we went to 230. Multiple times we've seen Nebius do this over the last couple of days, weeks, right? So analysts have them doing negative86 of EPS versus the $245 profit from last year. So they're obviously investing deeply into the business. They're not focused on EPS. So EPS is not looking great year-over-year, but revenue looks phenomenal. They're expecting on average $575 million of revenue versus $105 million from last year. That's growth of 446% year-over-year. Phenomenal growth. Talk about growth uh for Nebius, right? And right now, I'm noticing a clear inverse head and shoulders on the 4hour chart. You guys might be able to see it. Do you guys see it? Left shoulder, head, got the right shoulder right here. Let's see if Nebius can take out. Honestly, I think the breakout would be around uh 205 210. You could hop in now, maybe try and frontr run the move. Not saying that you should do that. Uh but if you want to try and get in before this right shoulder, you know, starts to play out, you could now. But it is it's not confirming the breakout. So getting in is a little premature, you could argue. Uh but we'll see. Earnings are coming up here on the 12th, which is what um that's on Wednesday, guys. So, watch out for Nebius. NBIS for me. I'm waiting for that break, preferably above 200, and that would be a spot uh to hop in for a trade in my opinion. Coreweave is another one, guys, which looks very interesting here. The stock hit 140 couple months ago. We got all the way down to $58 as um a lot of these AI stocks got nailed. This thing went down almost 60% 60% drop for coreweave and now it's starting to break through these moving averages for the first time in a couple of weeks couple of months really two months uh coreweave starting to break through these moving averages and we're noticing kind of a similar inverse head and shoulder setup uh similar to what we saw with NBIS. So, I'm curious to see if if um Coreweave can take out right around 9495. That's the breakout spot. If you guys take a look here, you'll notice that's where we've struggled over the last couple of weeks. We arguably have a cup and handle right here as well. 95 needs to break. Um, so analysts have them doing EPS of negative$145 on average versus a loss of 60 from last year on revenue of 2.5 billion. 2.56 versus 1.21 billion from last year. That would be up 111% year-over-year. So Nebius is growing way more than Coreweave. Uh, but honestly, Cororeweave's chart looks uh looks a little better than Nebius is right now. I think Nebius is still trading under the moving averages. Yeah, it is on the 4 hour whereas Coreweave is starting um to break out. You're noticing it, but I still want to see it take out 95. Not bad numbers. Not bad numbers projected out of Cororeweave. Coherent is another mustwatch stock for this week. And by the way, Coree's earnings are on the 11th. So that's on Tuesday. Coherent is on um their earnings are on the the 12th which is on Wednesday. And this stock guys, oh my goodness, this thing went up 13.5% on Friday. It is up from 215 to 380 over the last couple of days. 85% move. And a lot of this, I don't know about how much percentage came after this news, but a good amount of this has to do with the fact that the US Trump administration is drafting a ban right now um to ban Chinese AI equipment. What does that mean? Well, a lot more demand for the products. Coherent produces, right? Lumenum, uh you know, uh Corning, which these stocks went berserk the last couple of days. Um, look at Lmentum, which we'll talk about here next. Lmentum is trading at $890 when it was just at $580 10 days ago. So, Coherent is is through the roof. Same with Lmentum. And analysts have Coherent doing earnings per share of a buck 62 versus a dollar from last year. Very good on revenue of $1.98 billion versus 1.53 billion from last year. We're talking about 29 30% growth year-over-year. Not too bad. And Coherent is starting to get towards the highs from about 2 3 months ago. And at this rate with a with a blowout earnings and strong guidance, we might be taking that out. We might be taking that out with uh the momentum that's building up. Same with Lmentum, guys. Lmentum might be taking out the highs from May, June, July being about 1,00 you know 1,100. That's where we're pushing right now. Lmentum analysts have them doing $2.97 versus 88 from last year on revenue of $987 million versus $480 million from last year. Up over 105% yearonear. So, when it comes to growth, Lumenum's growing a lot more than Coherent, but I'm pretty sure uh they're trading a bit more um expensively on a PE basis. Lmentum is um compared to Coherent. Either way, both of these stocks are breaking out for the same reason. Um, you know, again, the the fact that the US Trump administration is looking to ban Chinese AI equipment, this is pushing up a lot of these uh, you know, these picks and shovels plays, which is what Coherent is, which is what Lmentum is. And we can see another company here. By the way, Lmentum, I think, is on the 12th. Um, no, they're on the 11th. Lmentum's on Tuesday in the aftermarket. And SMCI is also this week which um this stock is on or this company's on the 11th. So on Tuesday after the bell and this stock's been all over the place. All over the place. This thing hit $18 back in March. It got all the way to 51. Now we're back to 31. Quite frankly, guys, listen. I don't trust this company. I don't trust management. I don't trust um you know this business at all. Right? One day it's here, the next day it's here. It's a fraud. One day it's not. The next I'm okay with it. I'm not going to touch it based on that reason, but it could go ballistic. The setup right now is quite interesting. We saw a big run of 50 again, like I said, back in June. Now it's pulled back, but the overall support at 30 32 bucks has been holding and we're one breakout away from this completely uh breaking out again, you know, on good potentially on good earnings. If earnings are strong, this thing's very volatile around earning season. Um who knows what's going to happen. They're after the bell on um Tuesday. SMCI analysts have them doing 96 cents versus 41 cents EPS from last year on revenue of 11.56 billion versus $5.76 billion from last year. That would be up 100% year-over-year. Not bad, man. Not bad uh for SMCI, but again, I don't trust this company that much. Um, even though the chart setup looks pretty good, I'm staying away, but I will set an alert for fun at 35 a share and we'll see if we're able um to get out of there. And by the way, guys, make sure to hit that like button. Make sure to subscribe if you haven't done so already. Hit the follow button on whatever platform you're watching, whether it's Tik Tok, YouTube, Facebook. Hit that follow, hit that subscribe, hit that like button. That helps me out overall in the algorithm. and we're trying to get to 100,000 subs on YouTube, 100,000 on Facebook, 150,000 on Tik Tok. I appreciate you all for all the support. Cisco is another one which we have a clear bull flag heading into earnings on the 12th, which is on Wednesday. The stock's already breaking out. Looks like with that bull flag, uh, it might be going higher, maybe back to 130. Maybe it takes out that 132 high from the early days of June. Analysts have them doing a $1.17 EPS versus 92 cents from last year on revenue of 16.83 billion versus 14.67 billion from last year. Up almost 15% year-over-year. Not bad. But how much of this is already priced in? And the stock's up a lot from where it was earlier this year. At the beginning of the year, we were at 72. Now it's at 120. It's up 65%. How much is already priced in? What do you guys think? But it does look bullish, right? Bull flag breakout above these moving averages. Golden cross. I like it. Uh but I'm not, you know, hopping in quite yet. Uh personally, we also have Cerebrros this week. CBRS is the ticker. This company went public a couple months ago and it hasn't been so hot, which is why I don't mess with IPOs um too much, especially when they first come out, guys. I'm I'm much more of a fan of waiting 6, 12, 18 months, which we've talked about that a lot here on the channel. So, Cerebrass has earnings, I believe, on Wednesday. Um, yeah, Wednesday in the aftermarket. And listen, they are consolidating. The stock is starting to put a bottom in potentially. Um, and we're start we're starting to see some type of momentum heading into earnings. We have a cup and handle right here. We're trying to break out of this multimonth resistance at about 235 240. Um, if that does break guys on good earnings, there could be something here. There could be some momentum here on um Cerebras. analysts have them doing EPS of18 on revenue of $193.5 million. And for me, the breakout spot is right around 228 to 230. So, I'm going to set my alert now. Might as well at 230 and we'll go from there. All right, got some water in my system, guys. Stay hydrated. But I was out playing golf um all day today. Man, I'm freaking tired. I don't even know how I'm making this video uh with no coffee, guys. And I have this crazy sunglass tan. I forgot to put uh face sunscreen on. Whatever. Who gives a crap? It is what it is, guys. Hope you all had a great weekend. Hope you guys um did have a great time. Got to relax a bit. It was a nice weekend. Now I'm ready uh to get back to it. So, these are seven stocks I'm watching. What are you watching? Let me know in the comments. Hit the like button. Again, make sure to subscribe and join my Patreon if you want to keep up with my realtime trades, investments, how I trade option uh options, right? If you want to see my portfolio updates, if you want to be a part of my private Discord, it's all on Patreon link down below pinned in the comments or go to stockserfest.com/patreon. And with that being said, I'll see you guys in the Patreon or in the next video.
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