IBD Live Q&A Summary, Stock Lists For Wednesday, Nov. 1, 2023

Question
Answer

Good Morning IBD Team,,, If you have an opportunity could you please explain how you saw a shakeout plus 3 in NOW yesterday? Thank you for all you do for us subscribers…
It had the look of a double bottom, which is usually how the appear.

Close to IBD Live 4th anniversary. I’m here since day 9.
Awesome, thanks for your support.

Good morning everyone!
Hey Payam!

Good morning IBD Live
GM Tom, good to have you.

Goodmorning IBD friends
Likewise, Good Morning sir

CCJ does not have a base on Market Smith. Where would be a good buy point? Nice earnings surprise yesterday.
witouht a base, the 50 day is the next best spot. Came down to that a few weeks ago

Hump Day! Yeah, baby! G’morning one and all.
Halfway through…

GM from Cape cod.
GM Golf man…

MDB on a trendline breakout.
live answered

Scott – URA vs URNM. Does it matter if you choose one over the other?
live answered

AMD has great news on GPU chips.
live answered

hat man maestro of “the big picture”
Thank you. You’re too kind. — https://www.investors.com/market-trend/the-big-picture/growth-stocks-lag-value-in-stock-market-rally-this-asset-class-fell-the-most-in-october/

Scott, thoughts on CRS please?
live answered

PSN moving PLTR?
live answered

GNRC gapping on earnings
live answered

If the market sometimes does 3 legs down, is the FTD coming out of the 3rd leg down more reliable?
No studies I’m awared of but would be great to see a FTD along with good setups and stocks ready to buy.

MSFT, WFRD
live answered

W has given back the entire summer rally – buy and hold!
W stands for Wild!

GM IBD Live!!!
GM Ken…

DAVID — Excellent Job with last night’s “Big Picture” column. Terrific summantion of October. We all appreciate your time, effort, and expertise!
Thank you so much, Peter! Really appreciate the comments! https://www.investors.com/category/market-trend/the-big-picture/

Looks like TM is going to gap up above the 50 on earings
live answered

Good morning everyone!!!
GM, thanks for joining.

SOFI
Had a nice move in May/June but it’s been stuck below a declining 50-day for a while. Plus, not profitable yet. I’d be looking elsewhere until fundmaentals and technicals improve

WING – mentioned this earlier in the week – very nice chart – nice pop on earnings
live answered

Harold ELF reporting tooday any thoughts Thanks
Now a damaged chart. We’ll have to see what the earnings reaction is like. But usually when you get a bad break like that, it takes time to “heal”

A jury in Missouri sided with a class of homesellers on Tuesday, finding that the National Association of Realtors and a pair of brokerages inflated commissions paid on home sales through the trade group’s rules and thereby, violated antitrust
laws. This probably will hit Zillow today and could be headwind going forward on real estate sales.
That’s right, as stated in Law360’s writeup! We saw real estate stox all move on the news yesterday with Zillow (ZG) Redfin (RDFN) and Re/MAx (RMAX) all sliding during Tuesday’s trading.

Good morning! The 50 day crossing below the 200 is a ‘death cross’. What do we call the 21 day(exp) crossing below the 200 day line (S&P 500, AMD, etc)? Emergency room cross? The “Don’t go to the light!!” cross? … ;-D
Ha, great question!

NVDA has closed yday’s gap – interesting 2x bottom could be emerging – panel thoughts on where “shakeout plus 3” early entry would be?
I really would like to see it get back above the 50-day line

MSFT rocks
Looking good today for sure

us dollar hits 4 week high
Amazing strength!!

NFLX gap up abv DT Line, abv all MAs
Ugly looking base but it’s starting to improve… clearing a declining-tops trendline. We shall see!

ANET
Really nice. Starting to get a little extended but one I’m watching closely as this rally attempt continues

SMCI
Waiting for earnings reaction

AMZN Interesting start to the morning . . .
yeah a number of the megacap techs making notable moves

!Buenos dias de Tejas!
A ti tambien

Short opportunities everyday as you know its a market of stocks… SBUX is one I am looking at
The look of the chart, yes — but earnings tomorrow definitely a risk.

OLLI cross of DT Line this am, LPG gap up, taking off
LPG strong performance, solid financials

NVDA very clear RS – also RS line is higher than the prior bottom and stochastics remained higher.
Impressive institutional support so far at 400

ANET 52 wk hi
nice follow through

OLLI Touched a downward sloping trendline. Up 9 of past 10 days. Volume light.
And RS line blue dot on weekly!

Good morning folks. Ive been looking at DSGR for a while. Its up 97% this year; +ve earnings, U/D ratio, etc. I dont hink this has been discussed on IBD live before. Does anybody have any thoughts on this?
Reason is because it’s very thinly traded. We look for dollar volume of at least $10-20 mil — this is way below that. Thin stocks can work, but there’s added risk with being able to get out if things go wrong

Year end rally perhaps?
Hope Santa shows up with his rally

My takeaway from everything you all are saying is, be PATIENT.
Yes! Agreed.

EXTR taking a page out of W
yeah doesn’t look good…

AIZ EPS Gap Up. Broke above a downward sloping trendline. +11.46% Vol +552%
Those insurance stocks, I tell ya… sneaky strength this year

CDNS opened above its descending tops line.
A long-term leader to watch no doubt

How does KNF look to you guys, building industry group 96/197 rank but has 96 RS dancing around 49.19 pivot and converging Moving Averages with rising 5 day looks like a swing trade
Nice reversal a few days ago but 52/53 looks like a potential resistance area to me. Plus on the thin side

ACMR
Bad break. This one is in the penalty box until further notice

I noticed Travis Kelce and his friend ordered take out breakfast from FWRG
Would want to see this one get above and stay above the 50-day. Weekly chart shows a rangebound stock for quite a while

DRV
Leveraged ETF — risk management, entries and exits need to be on point. Does not look like a buy here to me.

VRTX Broke above a downward sloping trendline. EPS in 5 days.
Wish yesterday’s reversal had more volume… if that would’ve happened on a FTD, that would’ve been an interesting one to take action on

KRE still looks vulnerable and poised to move lower, would you short if it finds resistance at 21 day?
I think 50-day/10-week resistance more ideal — but you are right, still looks quite vulnerable here.

GNRC up on earnings!
live answered

in 2000 even after the market topped there was the housing stock rally
Very true. You also had education stocks rally, defense stocks rally. Pockets of strength.

WFRD
live answered

I Have another question – what’s the better stock TK or TNK?
live answered

FRO Running into resistance at $ 22.50.
live answered

AMD moving on the call
live answered

LLY and URBN please
live answered

Scott, what are the 2 or 3 main reasons you have such strong conviction in Uranium? After the nuke accidents in the past (Fukushima almost destroyed Japan) and the rise of nat gas electrification, why nukes?
live answered

TDW Continuing to Tighten. Volume lighter – EPS 5 days.
live answered

NVO
live answered

Ahh Scott, the upchuck indicator
Ha ha!

I have a client that calls me to go to cash as we bottom – he’s like a clock.

VRT looks good
live answered

Thanks for that image, Scott. So glad I just finished my bowl of cereal.
Always eat after the show, Ken!!

AMZN broke
live answered

So true, I have a couple of clients that try to panic out at the bottoms. Canaries in the coalmine!
Well said Julie!

Can you look at VRT and comment on its digestion or indigestion action?
live answered

GNRC up 13% today nice
live answered

PSN gap up and in the BZ, 52 wk hi, $E this morning I think
live answered

ANET… “Finally”… sooo difficult to hold this share especially around EPS.. “for once” it is working
live answered

Hi Dave! Here’s a tennis article with the “stomach” for stress. https://bleacherreport.com/articles/1194267-djokovic-nadal-federer-mind-games-is-the-mental-aspect-of-tennis-overrated
Awesome, thanks James!!

NFLX breaking
live answered

MSFT on weekly and monthly charts? Wider, looser on monthly send any signals?
live answered

Scott have you looked at LEU?
yes, looked at them all

What is the symbol for Sprott that Scott referenced
SRUUF, not listed in MS however. Tried to get it added but data dept. had some reason it couldn’t be unfortunately.

you’re the best Justin, but we won’t be mistaking you for Ali anytime soon
For sure! LOL

Did NU have long enough of a pull back before second attempt at pivot break? Why is there no blue dot on chart yet?
Maybe no blue dot as it’s no longer technically in a base, past the breakout point even though it pulled back.

Scott (or anyone!): Please explain buy & signals for a physical like SRUUF. Are they different than CCJ or URNM?
Yes, SRUUF owns the physical “stuff” while CCJ is a miner of uranium

LPG +6.27% Vol +329% EPS in 1 day.
live answered

Scott mentions many ways to play uranium. Is the ideal buying a little of each or concentrating in one, sufficient?
live answered

Can you look at VRTX? Up based on positive meeting with FDA on sickle-cell therapy.
Feels like CDNS and SNPS in terms of slow yet steady move, no, Debra?

URNM – high bull flag maybe, tight seems a stretch on that monthly chart…
David’s chart is zoomed, on my MS it looks much tighter

MSFT introducing copilot today for sale
“It’s all in the execution, and hopefully better than what they’ve tried in the past. Anyone remember Clippy?

“It looks like you’re making a comment on IBD Live. Would you like some help?””

Blue dots? Any more weight to daily or weekly?
I like them both.

Is ANET actionable coming out of a 5th stage base?
That’s one reason why it has been so choppy. Great point. https://www.investors.com/how-to-invest/investors-corner/do-you-know-how-to-count-bases-in-leading-stocks-do-it-to-assess-risk/

Widely adopted Uranium based energy is the trick. The St. Clair effect?
Ha ha! Just may be…

JUSTIN — Really Enjoying the Annie Dukes book: “Thinking in Bets.” Thank you for referencing it during IBD Live . . . :). She is really impressive and would be a wonderful guest on your Podcast!
Great!!

ACGL
Great reaction after earnings. Above BZ so wouldn’t chase now.

PSN is great news for PLTR
live answered

Bye Bye VRT
live answered

Harold, can you explain why 45 days is the optimum DTE ? Thank you!
This based on extensive studies done by option traders I follow, John Carter and Tom Sosnoff

ALI — She (Annie Dukes) would be great for your YouTube channel . . . :). You need to play her in Poker!
Ha! That could be interesting

You could say Scott is giving uranium stocks a glowing report.
I see what you did there

LPG is jumping. Maybe you covered this. I came in late.
live answered

Another Defense stock to look at FTAI. Approaching Pivot after good reaction to big earnings.
live answered

SCOTT — Lakers are lacking some chemistry. Looking forward to how James Harden gets integrated into the Clippers line-up. Clearly, they are making one last GASP. PS. Their new stadium is going to be amazing.
typically these “super” teams do not work but will be fun to watch. The West is loaded!

Dave JOLTS 9.553M vs 9.375M cons, prev. revised down; ISM 46.7 vs 49 cons; Construction Spending 0.4% vs 0.4% MvsM, prev MvsM revised up from 0.5% to 1.0%
live answered

GNRC nice move off earnings report, up around 13.5% any buyers? Lol
live answered

Some of the increase in FIX is due to sale of assets
live answered

BLDR GNRC are up a lot on earnings today after some significant downturns last quarter. Perhaps some strength in home construction? A contrarian call, given interest rates.
live answered

TT another climate control company doing well
For sure

VLO… at 21d… (Refining..)
live answered

NVO gap up over DT Line, abv 10D, $E=1D
live answered

Can you take a look at WING? Not the best candle today but maybe clearing a tight area of resistance
The intraday candles do not look good, especially the first 5 min.

Is NOV actionable?
live answered

“Precisely” (about oil)… what part of the “chain” is the company involved with.. “Need to be clear”… So that your investment “thesis” “on target”…
live answered

WFRD?
live answered

TANKER shipping companies are doing very well… for “fun”… look at ZIM… just to see how poorly the Container (liner shipping) currently doing… “Weekly” chart is good illustration… (IPO at $15 and now at 7.8…)
live answered

MPC Demand for “Refined Fuel” has soared due to already tight supplies.
live answered

What does Justin mean when he says later stage? Does that refer to base count?
yes, the stage count

Herold, news laws to make commercial buildings carbon neutral in 5 years will benefit Bldg A/C Group. Homes moving away from gas heat also benefits some industries. On my radar also.
Thanks for the update!!

Good morning! JBL setting up kinda nice.
It’s def been a great stock over the past year!

Will LPG strength today bode well for INSW, which has EPS in 6 days?
live answered

AMD
live answered

Forgive my ignorance, is there an IBD link that explains Return on Equity? (I was an English major)
https://www.investors.com/how-to-invest/investors-corner/understanding-return-on-equity/

i MISSED JUSTIN RATIO OF CASH FLOW AND WHAT ? 20%
Bill saw it as a positive when cash flow per share was 20% higher than earnings per share.

Thank you, Gerry! That was fast.
Google Investors Business Daily + “topic” is the fastest way to find things. Google has really indexed our site well.

Can you show how to download the live watchlist into Marketsmith ?
If you sub to MS and Live, the lists are preloaded under Reports/Stocks folder

Recent spinoff CR is looking very strong yesterday and today.
Beautiful breakout above $95. Was watching but missed it. Following up today.

Justin, can you double check my math. For a Market School FTD I’m showing 1.0% right now…is that what you have? FYI…I’ll cage match Sumo Suite Style with David Ryan (once my shoulder is better) but no one should get in a cage with Scott
Seems like a 1% gain wouldn’t stick out on the chart enough. Hopefully we get more.

Justin, can you double check my math. For a Market School FTD I’m showing 1.0% right now…is that what you have? FYI…I’ll cage match Sumo Suite Style with David Ryan (once my shoulder is better) but no one should get in a cage with Scott
Yeah, I calculated it at 1% too. I was surprised to see that.

$NVDA what would you want to see for an add on?
It’s reversing today. You could nibble here.

comments on insw
another tanker company doing well. Good financials. I’m in and holding, still looks in buy range/zone

PLTR if not already mentioned today (late arriving here this morning).
Justin took a look at. Needs time to set up again.

We talked about this before—but, given that so much of everyone’s money is in cash, what is everyone doing about placing in some kind of revenue producing funds/stocks/investments? Is there a list somewhere?
I took Scott’s suggestion and put money into SNOXX. Current yield is 5.03% but it trades like a mutual fund. Put in an order today you’ll see it in your account tomorrow and vice versa.

“TK = “Tanker pure play”

TNK = “the holding company..””
Thanks for clarifying.

Scott you are so wise!!!
thank you

Bravo Scott!!!!!

Digging Mr. St. Clair’s enthusiasm and conviction

Hi GUYS could this be a potential FOLLOW THOUGH DAY? does it count because its on FED day??
Sure, FTDs can work on Fed day.

does scott still love URNM?
He discussed all the uranium plays at the top of the show. Check the replay.

Has SMCI been discussed? Reports post-close today….
Bouncing today, but still well below the 50-day line and other key levels. Expect a big earnings swing – but which way?

Thank you David and IBD Live gang for a great show! Always get new ideas and strategies to trade. Just the best!
Great to hear. Thanks for watching.

Thanks Ali, Dave, and Scott for answering my questions.
We certainly try to get to as many questions as possible. Thanks for watching.

Great Session!! Thanks!!
Glad you could attend.

If there’s a follow through day please do post as soon as possible in the ETF market strategy this evening. Valuable info time sensitive
Markets team makes calls after market hours and updates the sites asap.

“great Show David. Thank you”
Appreciate you watching. Glad it’s helpful.

Chris sounded like God
Disembodied voice from above. We need to send him on vacation again to make sure market recovers.

Great Show Guys
Thanks for watching

Lots of people talking about Yellen’s shift on bond sales from long end to shorter end this morning which is helping 10 year bond yields
That plus weakish economic data

where is the link for recap?
It’ll be at investors.com/ibdlive

What about fundamentals. Bill was so big into fundamentals
Always check them.

The IBD-Live morn calls are much more wonderful since I got some small BOSE speakers plugged into the desktop here. Wonderfully rich sound. Far superior to desktop listening.
That’s really a good tip!

More treats today than tricks!
Let’s keep it that way!

NVDA is number one in the market for growth
Answered live

Catch-22: Bill says you must buy something on a FTD, but the team announces it after market.
A really strong uptrend will give us plenty of chances. Let’s stay patient in the meantime.

Great job Hatman
Cheers

Excellent show
Wonderful

Great show!!!!
Glad you could make it

thank you
YW!