January 24, 2024

Markets:

Futures tied to the technology-heavy Nasdaq-100 climbed Wednesday after Netflix reported its subscriber count reached a new record in the fourth quarter.

Netflix shares surged more than 9% in premarket trading. The leg up came after the streamer said it added more than 13 million subscribers in the fourth quarter, bringing its total subscriber count to an all-time high of 260.8 million. Revenue topped analysts’ estimates, as did current-quarter earnings guidance.

Those moves come after the Dow pulled back 0.25% during Tuesday’s main trading session as investors tracked disappointing earnings reports and guidance from several blue-chip companies. Still, the S&P 500 gained 0.29% to reach an all-time closing high. The Nasdaq Composite added 0.43%.

Earnings reports will remain a focus of traders on Tuesday, with Tesla, Las Vegas Sands and IBM due after the bell. Of the more than 15% of S&P 500 companies that have reported quarterly financials thus far in the earnings season, over 70% have surpasses Wall Street expectations, according to FactSet.

On the economic front, traders will be looking toward data on fourth quarter gross domestic product and the closely watched personal consumption expenditures price index expected later in the week.

Portfolio:

 

Good morning. Early stages of this current cycle and we truly feel sorry for those who refuse to acknowledge it and prefer to try to find a reason to not participate in this massive trade / cycle that is being presented. Early stages!

But glad our community is leading this move. We enter the new session holding set-ups in SOXL, AEHR, and SOFI

Queue continues to ignite and over the next two weeks we will be gifted monster earning reports that will drive massive opportunity. Be patient. Do not overtrade and do not value one trade more over another! This is key for longevity and profitability. However, we are stating, you will have outstanding trade opportunities develop from these earning releases over the next few weeks. So, prepare yourself and let's take advantage of the pattern / trend to come! Let's have an outstanding session.