A macro look at the markets

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Swaggy's Top Stonks

Together with... HoneyBricks

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There are many bright minds that contribute valuable content to Twitter. Today's edition will be dedicated to some interesting reads I've found online in the last several days.

We'll also take a look at some of the more anticipated earnings coming up this week!

Today's Letter

• Market Update

• Earnings SZN

• Trending Cryptos

• Top Meme Stocks

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Market Update

It's no secret the market (at least the indices) is on brink of a major correction.

• Growth stocks are down 70%+ in the last 6 months.

• Commodities and energy are SOARing.

• Nasdaq seeing steepest drop since 2020

• S&P having worst start since 1939

Yet the SPY is still holding up, relatively speaking.

The Nasdaq and tech stocks are trading at valuations comparable to 2020. Here's the 2-year Nasdaq chart. I've circled a general area from 2020 that we are back to trading at.

The scariest thing investors are currently talking about is the big "what if"... What if the SPY drops another 40% from current levels and we see a market correction, or even a crash. Here's a look at the SPY chart for some perspective. The red line back to $300 is only another 25% drop from where we are now.

For this reason, the "what if" has investors in panic mode.

• What if the SPY drops 25%

• What if a market crash happens

• What if growth stocks take another 50% beating.

• What if the housing market collapses.

So many what ifs, but the fact is that nobody actually knows. What we are seeing now is rocketing energy and commodity prices, courtesy of supply chain breakdowns and sanctions. What happens when countries start hoarding their resources? When you can't fill up your gas tank, when you can't get semi-conductors for your electronics, and so on and so forth... I may sound all doom and gloom, but it's within good reason and it's always better to be prepared, than not.

I've highlighted some Tweets from the weekend that I've found as interesting reads. Each image links directly to the tweet if you'd like to read the comments. Here we go.

Earnings SZN

We are getting toward the end of earnings season. Here are some names I'm keeping an eye on that are reporting this week.

Palantir (PLTR): One of WallStreetBets' favorite stocks, Palantir. The company will show us just how recession-proof their business model may be. With many long-term contracts and being known for working with different governments, let's see if revenue growth has continued in tandem to expectations.

Upstart (UPST): One of Twitter's favorite stocks, Upstart. UPST saw incredible growth in 2021 only to be knocked back down with the rest of the growth names. Shares are down over 80% in the last 6 months and a good earnings will be needed to offer a base of sorts.

AMC (AMC): All eyes on AMC Entertainment as they report on Monday after market close. Will the squeeze get squoze? This entirely depends on the earnings report and conference call that follows. Expect huge volatility with this one.

Peloton (PTON): Peloton has seen a several absolutely abysmal quarters recently. After experiencing some of the largest growth from covid tailwinds the company has since began a turn-around story, except in the opposite direction. This earnings will give more details into what the future holds for Peloton.

Coinbase (COIN): Crypto receiving the hulk smash wasn't great for their last earnings. Transactions are down, interest in the crypto space is down, and the future is unknown. Coinbase will need to show they are continuing to grow at the rate they were last year to impress shareholders. Will this company see a decline similar to Robinhood? Most asset classes are down forcing investors to not want to look at their portfolios.

Unity (U): Unity was a fairly strong web3 pick and is also down roughly 75% in the last 6 months. I tend to like it here as there aren't many players with the capability to move between gaming, web3, and meta-verse as feasible as Unity can.

Fiverr (FVRR): I want to keep my eye on Fiverr. One of the top brands in the gig economy will prove to be a lens into how strong the gig job demand is. During covid the website saw some tailwinds as work-from-home became prominent and people were finding new ways to make money with side hustles.

Trending Cryptos

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Top Meme Stocks

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