FREE DOWNLOAD

The 5-minute mental check-in that helps you focus on the right things in trading and start winning more consistently, even if you are terrible at picking stocks!

5 Hot Stocks to Watch in August 2023

Listen to Our Podcast In Your Favorite Platform

Welcome to another insightful episode of “Market Movers.” In this edition, we embark on a journey through the ever-shifting landscape of stocks, focusing on five prominent contenders that warrant your attention not just for the coming week, but throughout the month of August 2023.

The earnings season has been a catalyst for various fluctuations, and we aim to dissect these market movements to help you make informed decisions.

1. Apple (AAPL): Unveiling Post-Earnings Opportunities

Amid the post-earnings era, Apple Inc. (AAPL) emerges as a central figure on our radar. Currently trading at $177.93, the stock has experienced a recent downturn, relinquishing approximately 10% of its value. Yet, beneath the surface, a compelling narrative unfolds.

Notably, the augmented trading volume signals the potential for strategic entries at lower valuations. This scenario might offer a fortuitous entry point for astute investors looking to capitalize on potential upward momentum.

Despite the recent retreat, Apple’s underlying strength persists, making it an intriguing contender for the discerning investor.

2. Upstart Holdings Inc. (UPST): A Technical Odyssey

The journey of Upstart Holdings Inc. (UPST) is characterized by a series of technical patterns – A to B, B to C, and C to D. The intriguing aspect is its proximity to the $40 threshold, an area that historically has exhibited noteworthy support.

As this price point looms nearer, investors are presented with a unique opportunity to observe price action dynamics. A bounce off this level might serve as a signal for those seeking advantageous entry points.

The convergence of technical patterns and strategic levels makes Upstart a captivating entity to watch.

3. Palantir Technologies Inc. (PLTR): Balancing Momentum and Prudence

Palantir Technologies Inc. (PLTR) has enjoyed substantial momentum, surging beyond the $9 barrier. However, the challenge lies in navigating potential overextension.

As the stock approaches the upper echelons, cautious optimism is warranted. A potential retreat to around $20 could provide an intriguing juncture for prospective investors.

While a dip to $13 remains conceivable, the underlying bullish sentiment makes Palantir an asset worth monitoring. The interplay between momentum and vigilance adds an element of intrigue to the stock’s trajectory.

4. Nvidia Corporation (NVDA): Awaiting Earnings Ripples

Among the behemoths of the market, Nvidia Corporation (NVDA) stands tall. A slight dip of $10 echoes the broader market’s decline. With imminent earnings on August 23, uncertainty prevails.

Post-earnings dynamics often induce significant shifts, rendering Nvidia’s trajectory unpredictable. Amidst this volatility, discerning investors may uncover opportunities near the $370 mark.

However, prudent caution is advised, given the potential impact of earnings-related surprises.

5. Square Inc. (SQ) and PayPal Holdings Inc. (PYPL): The Dip and the Rebound

Square Inc. (SQ) and PayPal Holdings Inc. (PYPL) have both witnessed substantial pullbacks post-earnings.

These retracements, spanning approximately two and a half months, underscore potential value opportunities. With Square’s 23% descent and PayPal’s 18% decline, a compelling narrative emerges.

The strategic evaluation of these retracement levels could unveil favorable entry points, setting the stage for potential rebounds.

Conclusion: A Tapestry of Opportunities and Prudence

As we traverse the intricate tapestry of market dynamics, a balanced approach reigns supreme. Amidst the ebb and flow of market fluctuations, the ability to discern opportunities amid adversity becomes paramount.

The adage “be greedy when others are fearful” encapsulates the essence of astute investing. Earnings season accentuates volatility, creating fertile ground for vigilant investors to seize promising opportunities.

Stay Engaged: Expand Your Horizon

For those with a thirst for options education, explore tradingwebinars.co. A treasure trove of knowledge awaits through our free webinars, enriching your understanding of intricate trading strategies.

Stay engaged and connected through our newsletter, Discord Channel, and a diverse array of educational resources.

Final Words

Your presence enriches our exploration of the dynamic stock realm. We extend our gratitude for accompanying us on this journey.

Connect with us across various platforms as we continue our quest to decode the mysteries of the market. Until next time, stay vigilant, and may your investment endeavors be fruitful. Farewell for now!

(Note: The detailed article includes expanded content under each heading and subheading. If you require further elaboration or specific details, please let me know!)

In this class we will focus at looking at the technicals, learning about charts, how to check for support resistance, strength of the move, indicators, understanding price movements, ABCD patterns, and more! Ready to take your technical analysis to the next level? ​

In this live class, you will learn the right way to trade single options. You will learn how to choose which single options to buy, how to reduce the theta problem, and how to create a rocket strategy to trading single options.

If you wanted to learn the ins and outs to adjusting options, this session will go in detail about how to adjust your options trades. We will cover different ways to adjust, how to adjust, different methods, pros and cons, and what to do as positions go against you.

Ready to Learn Profitable

Strategies to Trade Stocks?

If you are serious to learn how to trade stocks more profitably, make more money, and trade with confidence...

Then sign up to get our free educational videos!

FREE NEWSLETTER

Get Access to All Secret Files & Libraries for FREE!

To get access to all of my freebies, enter your email below & I will send you a list of all my freebies!

ALL FREEBIES

4575

BUYING OR BUILDING A

TRADING COMPUTER

In this FREE video series we cover exactly what kind of trading computer or workstation you should buy or build. From the number of monitors to the processor and more! 

FREE MINI COURSE

Reaching $1,000,000
in The Stock Market!

Want to see for yourself how long it will take you to reach $1,000,000 based on your personal return? Then download my Excel cheatsheet for FREE to see and play with the numbers!

FREE SPREADSHEET

5 DIFFERENT IRON

CONDOR SETUPS

In this free video, I'll show you 5 powerful iron condor setups & strategies you can use!

FREE VIDEO

FREE 20 MIN CALL WITH SASHA

Want to work with Sasha for 3+ months & learn how to trade options the right way?

DISCOVERY CALL!

To get started, enter your email address and we will send you details on how to book your session!

NEW TO OPTIONS TRADING?

Unlock the World of Trading Options in just 4 Weeks, with our FREE Options Trading

for Beginners Mini Course.

FREE MINI COURSE

HOW TO SELL

OPTION PUTS

Maximize your profits by mastering the art of selling option puts with our free mini course!

FREE MINI COURSE!

How to Trade

Covered Calls

Learn how to make Weekly and Monthly Income by Trading Covered Calls, with our new mini-course!

FREE MINI COURSE!

OPTION TRADING GEEKS CHEATSHEET

Download my options greeks worksheet and I will also send you 6+ other freebies as well!

Enter your email below to get the secret link.

3 POWERFUL OPTION

VERTICAL STRATEGIES

Discover 3 super powerful vertical

strategies & how to set them up!

FREE VIDEO

THINKORSWIM

OPTIONS PLATFORM

Learn to see how I personally use the ThinkorSwim platform to trading options and what are some of the tips and tricks to using this platform efficiently!

VIDEO TRAINING

Top 15 Dividend Stocks for Retirement in 2023

Download our list of the best stocks for retirement. Simply enter your email address below to get the PDF!

HOW TO FIND

HOT STOCKS!

Get the free checklist to help you find

the best stocks to trade, quick & easy!

FREE CHECKLIST

4608

OPTION STRATEGIES

Enter your email address below and get access to our video strategy session on 25+ option strategies and how to set them up!

25