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This is going to be one of the most action packed weeks so far this year, with a lot of earnings coming from big tech and oil companies. Tesla is going to be reporting on Monday and some short term options will pay off. I assume they will meet their target since the Chinese sales are doing excellent.
Tuesday we have AMD, Microsoft and Visa. After a good report from Intel, yet stock price plummeting, I'm very curious how AMD will react. I'm still waiting for a $100 AMD. Visa should be an interesting play going into the summer, with more people going out and spending money on their plastic.
Wednesday is Apple and Facebook; two FANGs in one day! This will have a huge impact on the entire market, and a lot of tech heavy ETFs. Tread carefully on this day. I'm still bullish overall on AAPL and am holding the LEAPS.
Thursday we have Amazon, NIO and Caterpillar reporting. I expect AMZN and NIO to do well. AMZN sales should be up, even after the lockdowns lifted, and NIO Chinese sales haven't really slowed down. The chip shortage will affect NIO deliveries, however to what extent, we will find out soon.
Last, Friday Chevron and ExxonMobil report. I'm still mildly bullish on the oil giants, and the industry has been moving up as of late. I wouldn't put to much into these, and would be a strict short term earnings play.
Fed Meeting Wednesday
The Federal Open Market Committee (FOMC) will meet for its April meeting on Tuesday and Wednesday, with a monetary policy decision and press conference from Federal Reserve Chair Jerome Powell slated for Wednesday afternoon. Recently, any talk of Powell talking has shaken the markets violently. The Fed has continually signaled and said they won't change interest rates until at least 2023, and there isn't anything to believe they will start to shift towards anything new. However, when they do Powell himself said that they will adjust the central bank's crisis-era asset purchase program, which is currently taking place at a rate of $120 billion per month.
Options Watchlist for the Week: (Subject to change pending market conditions)
Short Term Options: AAPL: Target $138
TSLA: Target $770
FB: Target $305
AMD: Target $86
V: Target $233
NIO: Target $43
GOOGL: Target $2330
AXP: Target $148
Long Term/Swing Trades:
BTC: Target $60k; Entry <$50k; Risk 4
GEVO: Target $11; Entry $6; Risk 5
ARKG: Target $100; Entry $80; Risk 3
INTC: Target $65; Entry <$60; Risk 4
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