Market

"Bitcoin should get to its ATH at $68K said most analysts as the crypto breached $57K mark, as more institutions get into the asset” 😁 🤨 

As I mentioned yesterday, the market is trending Up with 21 day MA. Don’t go short just based on 1-2 days movement down. Wait for confirmation to go short.

Surprisingly ARM had a big loss on the day, but this is a stock that’s up 100% so far this year, so it is taking a break. As I mentioned many months ago, the AI trend will last for a while and bull markets dont last 1-2 months, they go on for a few quarters.

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Insights from my portfolio

I am not trading Grab any more. While the fundamentals are improving, it is doing so very slowly. We have better opportunities in the market.

Video of the day

Today’s video is on Klaviyo, the SaaS company in the Email Marketing space. They reported earnings today and beat estimates and guided higher. We are already up 25% from my initial buy alert to subscribers at $24.X

Posts Q4 EPS $0.09, vs. Street Est of $0.08. Posts Q4 Revenue $201.6M, vs. Street Est of $196.2M. Guides For Q1 Revenue of $201-$203 Million, vs Consensus of $200 Million; FY 2024 Seen at $889-$897 Million, vs Consensus of $888 Million.

Deep dive of the day

Today’s write up is on Rover, which went private (acquired) today.

Good setups for swing