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  • April 11th Stock Market Update - PPI is lower than expected, Amazon CEO says Generative AI is a tailwind

April 11th Stock Market Update - PPI is lower than expected, Amazon CEO says Generative AI is a tailwind

$XOM $AXON

Market

“In his annual shareholder letter, Andy Jassy, CEO of Amazon said he was committed to cutting costs as well as growing revenue. He also mentioned that Generative AI is a huge tailwind for AWS” 🤑 😇 

Produce Price Index (PPI) was lower than expected, leading to higher index movements

Apple bounced strongly off its lows, as Amazon hit All-time highs in a day of higher highs for most of the Mag 7.

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Technology led the day in gains, across the board, still strong

Some of the companies that are showing weakness in technology even during this time of moves higher are Lucid $LCID, Rivian $RIVN and Intel $INTC

Insights from the portfolio

Video of the day

Today’s video is on $SAP SAP, the Software company focused on Enterprise Resource Planning.

Deep dive of the day

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Good setups for swing

Stick to $XOM on dip days to $130s

$AXON still strong to $350