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In a Nutshell
SpaceX beat revenue and EPS expectations but dropped 2% as guidance disappointed, while AMD also beat estimates yet trades at 174x earnings. Ricky bought SpaceX shares for his kids' long-term accounts around $117-118 and wants dips below $100 for more exposure, but keeps positions minimal due to high risk. He predicts markets will rise until midterms but warns of selling pressure afterward, advises against overleveraging or triple-leverage ETFs on volatile stocks like AMD or MU, and prefers buying quality names on retracements rather than chasing highs.
These notes were generated by AI and may contain inaccuracies.
Ricky from Tech Solutions hosts a live stream on August 4th at 12:52 p.m. in Arizona. The session focuses on SpaceX and AMD earnings reports. SpaceX guidance call is scheduled for 4:30 p.m. Eastern Standard Time. Ricky mentions speculation that Elon Musk could announce a potential merger during the guidance call. AMD is up 8.7% on the day and set to report earnings after the bell.
Markets are up significantly with NASDAQ gaining 3.4% on news of a potential peace deal. Ricky notes this is one of the biggest green days of the year. He explains he has no open trades with SpaceX or AMD and did not day trade today. He avoided trading Micron despite it being his usual focus because markets opened 1.7% up and he viewed them as overbought. He shared his decision to sit out with his OLPP team that morning.
Ricky addresses viewer comments accusing him of Trump hate. He clarifies he is not expressing hate but stating facts about Trump making more money while in office than any president in history. He mentions supporting Trump's border policies and Trump accounts but criticizes conflicts of interest. He states he owes nothing to any president and does not pretend to agree with every action.
Markets show resilience with strong higher highs and higher lows. Ricky notes that if there was ever a time markets could support irrational valuations, it is now. He mentions SpaceX's known spending on XAI and questions whether investors will appreciate the risk. He observes that all stars appear to be aligning for Elon Musk.
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