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- Feb 23 Stock Market Update Block SQ and Carvana CVNA moon on surprise profit
Feb 23 Stock Market Update Block SQ and Carvana CVNA moon on surprise profit
$SPOT $CVNA
Mukund Mohan
February 23, 2024
Market
"Square SQ “Block” posted a surprise profit for Q4 as Carvana announced a profit as well and both stocks went higher significantly, setting up for a revivial from the dead” 😃 🤔
Mixed market moves, with S&P 500 up, but the NASDAQ heading lower
All 3 indices still up and strong over the week, but Small Caps index was down
Our subscription service gives specific entries and exits for both long term holds and swing positions. You should subscribe.
Surprisingly Technology was a little weak today
For the week the best performers (setting up well for next week) are Carvana $CVNA, Instacart $CART, Block $SQ, Remitly, $RELY and Toast $TOST.
Insights from my portfolio
DoorDash $DASH is setting up well for a long term hold.
Video of the day
Today’s video is on Appfolio, $APPF, a vertical SaaS in the real estate property management space.
Deep dive of the day
Today’s writeup is on Legal Zoom $LZ, a company with good earnings and up 15% today.
Good setups for swing
$CVNA should get to $80 next week
$SPOT to $264 - $270 is a good play