Earnings Season Underway with Nick Santiago (Ep #485)

April 27, 2023

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.

Today:

1. Earnings season is underway. MSFT earnings were released last night and the reaction is positive this morning. The stock is trading higher by 7.0% and that is helping the NASDAQ and a lot of the tech stocks today. GOOG also reported earnings and that stock is trading higher by 2.25% so far today. META is scheduled to report tonight.

2. Energy stocks were under pressure today, but coming back. Oil is lower and nat gas is getting hammered. Defense contractors are also weak today as General Dynamics (GD) is trading lower by 5.3%.

3. The regional bank stocks were slammed yesterday after First Republic Bank ((FRB) reported that it will need to sell assets. This news helped lift gold yesterday, but today we are seeing a big move in Bitcoin. Bitcoin back over $30k. It pulled back on Options X but now moving forward. One last surge.

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