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- April 8th Stock Market Update - Jamie Dimon says AI can be as impactful as electricity or printing press
April 8th Stock Market Update - Jamie Dimon says AI can be as impactful as electricity or printing press
$META $SPOT
Mukund Mohan
April 08, 2024
Market
“JP Morgan CEO Jamie Dimon, on his annual letter to shareholders said AI will have a profound impact on society. We know the consequences can be extraordinary” 🤭 🤤
Still an uptrend, major stocks did move positively ahead of bank earnings later this week
JP Morgan, Wells Fargo, Blackstone and Citigroup all report earnings this week and are close to all-time highs.
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Technology was led lower by META, Apple and Nvidia all showing small losses
As I mentioned in the newsletter 2 weeks ago, energy (specifically Oil ) is starting to take leadership, so I would buy dips there.
Insights from the portfolio
Video of the day
Today’s video is on CrowdStrike, $CRWD a cybersecurity SaaS company, which is growing at over 30% YoY
Deep dive of the day
Today’s write up is on Rapid 7, another cybersecurity company.
Good setups for swing
$META out of the zone, ready for the next leg up to $535
I mentioned $SPOT a week ago, still good to $325+