Swaggy's Top Stonks - Trump Stocks Taking Over
Swaggy’s Top Stonks. We compile and analyze data from multiple sources bringing you the top trending tickers from around the internet. If you haven’t subscribed already, please do so below.
Swaggy's Top Stonks
Together with... Vig.io
October 24, 2021
Welcome newcomers to Swaggy's Top Stonks and thank you for subscribing.
We've got some big stuff to share today. Not only are there some new things coming very soon to the SwaggyStocks platform, but our affiliate, Vig, is launching the first ever Fantasy Stocks with real cash prizes. More details about this down below.
Before we continue I just want to say thanks to everyone that's been subscribed for so long. I've worked hard to make this one of the most informative newsletters relating to market events and trends. Got some cool stuff coming in the pipeline for you all!
Fantasy Stocks Games w/ Vig
Trump Stocks Broke the Market
The market had a good week with the SPY, the Dow Jones, and the Nasdaq composite all climbing roughly 1.75% higher. Results in small caps and growth stocks were mixed, but also ended the week higher.
Small cap index, IWM, still in it's tight range since early this year. We are nearing the top of the channel, are we about to see a breakout followed by the end-of-year melt-up we've been waiting for? Here's the IWM chart.
Sentiment Movers of The Week
Snap Inc (SNAP) was down 25% on a rough earnings report.
Facebook (FB) continues to under-perform. It's rare to see a mega-cap take a beating like this, if you haven't done so already keep this on your watchlist for a dip entry.
Crocks (CROX) had a surprise earnings to the upside and closed the week +10%.
BlackBerry (BB) and ContextLogic (WISH) joined the (trump) meme-stock craze and moved up 15-20% before closing the week at only +5%.
SNAP's downfall was driven by a decrease in ad-revenue on the platform. Management had this to say about it on the earnings call
"We are continuing to work through the ongoing changes to digital advertising driven by Apple's App tracking transparency framework, which was introduced as part of IOS 14.5"
What just happened with SNAP we may see across the board with companies who's main revenue is derived from advertising. Keep an eye on this.
Fantasy Stocks Games
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Download the Vig iOS app and get your watch-lists ready, it's about to go down.
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*Fantasy Stock games are run by Vig
Trump Stocks Broke the Market
Trump stocks broke the market. What TF does that even mean? Out of nowhere DWAC, a SPAC, shot up this week reaching up to 1,500% gains before finally settling up 800% for the week. The news is that the SPAC will be merging with Trump Media & Technology group. Here’s how WSB mentions looked for the day.
These were unpredictable plays and by the time any platform "alerted" these moves the chances are it was too late. Ask yourself, would you buy a stock that's up 400% for the day? What about at 1,500% for the week? Regardless, there's definitely someone who was able to cash out near the top.
Moving on, we are learners of the market, or savants, if you will. We must completely erase the fact that these two tickers exist and ABOLISH them from memory. Why? Because the money was already made on these plays and if you are getting in now you are sealing your fate with a 50/50 chance at reaching greatness or misery, the choice is yours. The appropriate time have owned these names was 2 weeks ago when they were going nowhere.
This is what we are here for though, to find the next play and not yesterday's hot stock. This was a week with not a whole lot coming up on the radar, but I will revisit this next week and report back with anything interesting I find.
It's earnings season baby and many big names are reporting this week. Here are some tickers I'm keeping an eye on that are highly-anticipated or might have an impact on the direction of the market.
Facebook (FB) AMC
Logitech (LOGI) AMC
UPS (UPS) BMO
Advanced Micro Devices (AMD) AMC
Microsoft (MSFT) AMC
Alphabet (GOOG) AMC
Visa (V) AMC
Twitter (TWTR) AMC
Robinhood (HOOD) AMC
Enphase Energy (ENPH) AMC
Boeing (BA) BMO
Spotify (SPOT) BMO
Teladoc (TDOC) AMC
Twilio (TWLO) AMC
Upwork (UPWK) AMC
Shopify (SHOP) BMO
Merck & Co (MRK) BMO
Overstock (OSTK) BMO
Amazon (AMZN) AMC
Apple (AAPL) AMC
Starbucks (SBUX) AMC
Cameco Corp (CCJ) BMO
WallStreetBets - Most Mentioned Equities
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