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IBD STAFF

IBD Live Q&A Summary, Stock Lists For Wednesday, Sept. 6, 2023

Welcome to IBD Live! This list of FAQs and useful links will speed your learning curve.

The Ready List contains top stocks that meet our fundamental and technical screening criteria that are in or near actionable buy areas. However, IBD Live participants should analyze the chart action to determine the exact proper entries before buying.

QA Summary

Question Answer
Good morning everyone! Morning, good to see you.
Good Morning Los Angeles and IBD Live.... GM, thanks for joining.
Good morning IBD family. Please take a look of Vista Energy (VIST) and LI Auto thanks. GM Rashmi! Scott's got LI covered. VIST has been marvelous this year. Up 170% after breaking through 10 late last year. A new breakout attempt has failed, so it's key for VIST to hold the 50-day MA and to stay near its new base's high. Cheers,
HatMan Dave -- https://www.investors.com/how-to-invest/investors-corner/50-day-moving-average-identifies-buy-sell-signals/
gm, to every one. Gm, good to see you.
Good morning from New Braunfels Texas Morning
Thoughts on the early distribution days since ftd? live answered
good morning IBD Team from the road! GM from the home front.
Good Morning IBD live team!!! Hi Ken, good to have you.
when talking about CRWD maybe look at CYBR also? live answered
GM everyone GM, thanks for joining.
"(Scott) How do you handle the "Wash Sale" rule, since you
Sell/Buy the same stock within the 30 day period of time?" tax free accounts I do not have to consider. For margin accounts, I have an accountant :)
Did you cover ROKU ? Just the news. Nice gap-up on the earnings, quickly forming a base now after nice support at the 50-day MA. It may take quite a bit of time for the new base to complete, however. For now, 98.44 is the new entry.
Hi SwingTrader team, Market Action is still 9/1/23. Refreshed and relogged in. Please update. Thanks It's updated.
LSEG London Stock Exchange Group Really? What an interesting combination, thanks George!
Good Morning from a Scorching Hot Liverpool NY. Morning, try to stay cool.
Good morning everyone. Welcome back Chris. GM, good to have you.
GM from Cape Cod. Hi Phil, good to see you.
Hey David - New IBD HAT - nice accessory Hi Ken, thank you, time for the football hats to reappear too!
I heard that China is banning I-phones for all workers at the workplace. live answered
Hatman, good morning. what is the website where you see the probability of FED rate hikes. GM Prabhu, here you are -- https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html
Good Morning IBD Live GM David...
We have been at cross roads always Doesn't it often seem like that in the market, year in and year out? :-)
What's Scott's ticker? Thanks CRWD
How invested are you at this point. I raised a bit more cash now, David, trying to stay nimble amid a tricky time in the year. Still 75% invested w/ the funds outside my TSLA position, but may raise a bit more.
GM Gerry, IONQ is on a tear Indeed...
IOT live answered
guys due respect I think you need to incorporate the 10 year Treasury into any analysis - the "new rally" coincided with a sharp pullback in the 10 year yield - that has taken a hit with a reversal in the yield - the market seems to be increasingly
convinced that interest rates will be at a higher new normal - that will require a period of adjustment for equities.
As David Ryan noted too, absolutely, this measure of the cost of money is, to me, having an especially inordinate impact on stocks on a day to day basis.
Does Scott have an opinion on the candle in VAL yesterday? 80 is ATH in this one. live answered
ELF, live answered
ABNB following thru Big news on its upcoming addition to the S&P 500.
Where is Scotts core position as % of portfolio? 5-10%, I dont like to go lower than that
MNSO live answered
why are defense stocks dropping: LMT, GD, NOC live answered
VEEV broke out on earnings and high volume buying. Thoughts? live answered
anyone see new on LMT breakdown? Reports say it now expects to deliver 97 F-35 jets in 2023 vs a prior announcement of 100. Lockheed also says this news does not affects its financial outlook. There's additional news regarding a tech refresh regarding this awesome jet, but
it seems like there are other bigger issues that are hitting the aerospace names -- RTX, NOC are fellow examples of weakness here.
META live answered
SNPS? I like it here this morning on higher volume…Don't like it's in the 70/197 industry group but has set up nice We had been watching it but the those two reversals scared us off. Like to see it tighten up here.
ZS Earnings live answered
Panel, please comment on $IOT. Thanks. live answered
Good morning! Any Marketsmith ETA on VWAP? Some other projects taking precedence unfortunately.
CELH Ignoring the market, as it has since earnings.
another 1% today. My TML's are working Great to hear.
Scott - why don't you get your trader friend to come on the show? Would love to but he is very private so I am not sure he would
Scott, what's his name again? I didnt mention name, good friend of mine, he is not a "known" trader
Scott, you are getting old. :)
If the horse is dead, I do not think he will mind(even in California) No animals were harmed in the making of this show :)
Can we still say... Dead cat drop? *bounce. Probably not politically correct anymore...
DKNG today ? live answered
Scott's stories and stock market philosophy are always good. It's refreshing to hear someone say that they don't have it all figured out. All of you are that way though. :)
Good stuff Scott. You got to bend in the wind, :)
I made those RS additions but I only see one line. RS green line overwrites/covers the RS1 line if they're set the same
------ALI--- On the Webby moving averages which is better a wide gap or closer together or the relationship to RS Relationship to RS line — look for crossovers
ICCT Scott- please adjust chart for reverse split Will report. Thx
META poised at convergence of MAs live answered
META - is this an entry point as it retakes the 50day? live answered
Scott's argument for CRWD was so persuasive that I bought. Only problem is, I fat-fingered the entry and accidentally bought CRED, the Columbia Real Estate ETF. By the time I realized my mistake, I closed it for a $4.20 loss, but am happy
to report that my subsequent purchase of CRWD, the correct ticker, has already erased that loss and I'm all the better for the lesson in the mechanics of careful trade entry.
Been there before
Does META look actionable? live answered
IOT turbulence zone ? live answered
Can you comment on BKR please. Thank You Jim Roppel pick from the other day. Seems to be holding.
BTW thanks on the BKR mention last week and is moving well profit is good When Jim Roppel talks, people listen. One of his mentions recently on the show.
Need to put Scott on the couch this Friday with Dr. Joe Fahmy to pepp him up :)
Aloha 'Ohana-Waihona :) Did not understand Scotts comment on longer it sits on 50DMA less interesting AND needs more of a base ...is the distinction the relative volume? Mahalo :) The best stocks only give small windows to buy. So if something is sitting on the 50-day for too long that might mean it's not an outperformer
UBER making a handle? Moving sideways in a flat base.
Why is AAPL so bad today? live answered
AAPL down 3% on volume. live answered
I Scott St. Clair'ed IONQ, and took a big part of profit earlier this morning. :)
What daily dollar volume do you like to see in stocks A lot of the panel uses $20M
Scott Take on NVDA.............Buy NVDA.......buy NVDA :-) His answer now to ANY stock :)
re: HomeBldrs.....yesterday, the "Construction & Engineering" equities also got killed with the HmeBldrs drop. They had a recovery early today BUT looks like they failed. time to depart with my small profit and run! (LMB, STRL, etc) LMB STRL amazing runs...
just joined, do we know why the market is bad today? ISM numbers hit the market
ABNB holding after gap, for Scott, CNTFX is in it, looks like this is showing strength after a gap? Going into SP500 I think? gap yesterday
Can we get Long-Term Leaders list in MarketSmith? Or do we need to export and paste from investors.com Import from IBD Digital only
It would be great to be able to access LTL, Sector Leaders - Stock Spotlight Under Reports Stocks - Technical - WIll pass it on to the product team. Thanks.
What's on 'Ali's Magic 8 Screen' ? You can see under Screens/Stock Guide/Q2 2023
HatMan... Haven't seen any info on LeaderBoard website about the monthly webinar??? Quarterly score cards now
Scott, what is the inverse stock for FNGU? FNGD
NVDA has ex dividend today. Could that be why its reacting like it is today? I'm only seeing the dividend as 4 cents so not really having an effect.
Scott should write a book. cracks me up :)
Scott, are you actually short FNGU, or are you short by buying FNGD? short FNGU
You will pay taxes later. It not tax free. Tax rates could be higher. For traditional IRA yes. For Roth you pay taxes upfront and then the profits grow tax free
What are your girls investing in in their ROTHs? I started with an ETF. Once we get a little more in it, I'll switch to adding individual stocks. At the end of the day, it will also depend on her interest and engagement.
FYI, roth ira is restricted for AGI above certain thresholds for single and joint so it's not available for everyone. Great advice for working children that are under that limit restriction. Personally, I use the backdoor Roth IRA contribution. Also fortunate to have my 401(k) with Fidelity and have access to the mega-backdoor Roth contribution. Something you can look up online.
How come you guys said it was tax free? After tax money once invested grows tax free in ROTH
Thoughts on CDNS if it breaks out? I'd like to see it pause for a few days. Acting well.
Hopefully if the Roth IRA rules ever change it will be amounts over $10 million will be taxed and the rest will be exempt. I could see that happening
arkk looks interesting. Has a cup and handle and a reversal up to 50 day live answered
MNSO seems to be looking good today live answered
Some of us that have this ancient thing thats nearly extinct called a pension (remember those) aren't eligible for an IRA. But we do have 457's, 401k's and 403B's which some of them have a roth option Ahh, the pension. I've heard of them...I've got teachers, firefighters, and cops in the family and it's hard not to be jealous.
$LBRT please live answered
Those who have a huge amount in IRAs should strongly consider mega Roth conversions to take out a percentage per year, pay the tax, and try to avoid the RMDs. Not tax advice but really, really important to get money into the Roth at any age. I add to my Roth every year.
TSLA Shanghai hits 2 mil production Yep. Impressive.
Roth is where ALL catch funds will have to go for high wage earners. This was to take effect on 1/1/2024 but 2 weeks ago it was delayed for 2 years. On August 25, 2023, the IRS issued notice 2023-62. This notice delays the effective date of
the Roth catch-up provisions of Section 603 of the SECURE Act 2.0 until taxable years beginning after December 31, 2025; a two-year delay of this provision.
live answered
Wasn't Theil doing some more exotic things in his Roth?? He bought a large stake in PayPal for fractions of a penny per share in the 1990s. That was just the start.
TSLA.... a cheap model out of Mexico? Kandi ought to sell their cars in USA, that would be pressure!! A $25K model from Mexico with $7,500 tax credit would be awfully cheap!
GE live answered
VRT please! live answered
orcl live answered
VAL live answered
Lightning: ROKU live answered
Can you guys take a look at V (Visa) Thanks!. It's fine for swing trading, but it's been years since it was beating the S&P consistently.
Thoughts on ADBE? live answered
$LBRT live answered
MELI live answered
Your thoughts on DDOG please Still don't like the earnings gap. Want to see it retake the 50-day.
LBRT I saw that for the first time last night too Scott - is that a result of a merger or name change? Ed mentioned news joining index just now
VEEV please live answered
I've been short Nvda since yesterday at 486. Where should I look for support? See how it handles the 21-day.
I love when Opie goes on tangents!!! We do too!!
Does Scott still like VAL? live answered
vist live answered
FRSH live answered
$PERI thoughts plz??? live answered
CELH live answered
Justin I wore the blue for 32 years Tough job. My cousin just retired at 50 and I'm not sure how many surgeries he's had at this point. Glad he has enough bionic parts to still enjoy his retirement.
pxd live answered
Ed.... WOW, the days of the $25k car are almost history/ unthinkable!! Bring on the competition Tesla might do fine with a $25K EV in the U.S. - esp.with the $7,500 credit. But it'll face *intense* competition in China/ROW.
VEEV, thoughts live answered
How about NU please Still watching it. But won't touch it until it gets back above the 50-day.
Curious if Scott still has VRT, or has he rung the register He just mentioned he's down to a very small position left.
lscc Can't seem to break above $98. Facing whole number resistance at $100?
SPLK has its rocket backpack on live answered
do you still own $SHOP Ali? I remember the shoes you bought and saved $50 I didn't buy it but I think it's still holding up nicely here
ESTC live answered
PATH live answered
ESTC live answered
ESTC live answered
Scott, love your sense of humor. I go thru the same thing (market down and wife needs $$ for upgrades) a lot! :)
Scott, love your sense of humor. I go thru the same thing (market down and wife needs $$ for upgrades) a lot! Another great thing about the Roth. Sorry honey, we aren't old enough to take the money out without a penalty.
Great to be a part of IBD live fam !! Great to hear that Rashmi, thank you!
"Refinitiv is an American-British global provider of financial market data and infrastructure. The company was founded in 2018. It is a subsidiary of London Stock Exchange Group after a US$27 billion sale from previous owners Blackstone Group
LP which held a 55% stake and Thomson Reuters which owned 45%. Wikipedia
Parent organizations: London Stock Exchange Group, Refinitiv UK Holdings Limited; Subsidiaries: World-Check, FXall, Refinitiv Lipper, ZAWYA, MORE; CEO: David W. Craig (Oct 2018–) Founded: 2018; Number of employees: 18,500 (2018); Formerly: Thomson Reuters Financial & Risk" Interesting how this company combines the reporting prowess of Reuters, the financial database of Refinitiv and a stock exchange. Thanks George!
Thank you for a great show! Thanks for watching
SPLK - lots of people out of position there live answered
Please review TS Hi Andre, looks like the handle on the long cup is still intact, but maybe it will become a base on its own? 34.20 entry, but a trendline buy point may emerge near 33.50?
10 yr yields back above 4.25% ..... again!! live answered
JACK (Jack in the Box) as a short candidate? Quite possible as a L-shape short sale, but we thought PEN might create such the pattern as well.
MDB please Another one to keep watching Susan! Good earnings reaction.
Thank You Ali, Justin, Hatman, Scott and Gerry. Also, Ed for the Eco news Thanks for watching every day :)
I view Scott's stock malaise as a plus...selectivity. He's picky. That's a good thing! Indeed
These personal insights are so helpful to us ordinary citizens trying to get a handle on the market! live answered
Thank you! Great team and teamwork. Glad you could attend.
Yes, love Scott's tangents. Answered live
Stay with the TML's Agreed!
Strange day, thanks! YW!
What do you think of NVDA's filed shelf offering? We'll look into it, thanks.
ITB XHB both up today, just weird! Surely!
Scott St. Clair is the new Marty Zweig... :) That's big praise!
Great Point Hat Man!!! Thanks Peter!!
SPX nearing low of FT day We should watch that closely
Great points David. You bet Phil.
Thx people, see ya tomorrow Until then!!

 

Ready List

Symbol
ACGL
ADP
ALSN
ARES
ARGX
ARRY
ATI
AXON
BA
BKR
BLD
BX
CARR
CDAY
CRS
CRWD
CXM
DKNG
DO
EXP
FLR
FLS
FROG
FRSH
FUTU
GE
GOOGL
GTLS
HAL
IBKR
IONQ
ITT
JBL
KLAC
LI
MANH
NE
NEOG
NOV
NOW
NUE
OII
OKTA
ORCL
ORLY
OSK
PCAR
PH
PNR
PTEN
PWR
ROIV
SKYW
SLB
TCBI
TDW
TOL
TT
UBER
URI
V
VAL
VIST
VRNS
WWD
YELP
ZS

 

Watch List

Symbol
ACGL
ACMR
ADBE
ADP
AIR
AJG
ALSN
AMZN
ANET
APPF
ARCB
ARES
ARGX
ARRY
ATI
AXNX
AXON
BA
BEKE
BKNG
BKR
BLD
BMI
BRZE
BX
CARR
CAT
CCJ
CDAY
CDNS
CEG
CEIX
CELH
CFLT
CHRD
CHX
CLH
CLS
CMC
COCO
COOP
CPRT
CRS
CRWD
CTAS
CXM
DASH
DBX
DECK
DELL
DKNG
DLO
DO
EDU
ELF
EME
EQT
ERJ
ESTE
ETN
ETRN
EXP
EXTR
FANG
FCNCA
FDX
FICO
FIX
FLR
FLS
FLYW
FMX
FRO
FROG
FRSH
FSLY
FTAI
FTI
FUTU
FWRG
GBX
GE
GOOGL
GTLS
HAL
HES
HP
HUBS
HWM
IBKR
IDXX
INSW
INTU
IONQ
IOT
IR
ITT
JBL
KEX
KKR
KLAC
KNSL
LI
LII
LKNCY
LLY
LNW
LRCX
LULU
MA
MANH
MAR
MDB
MEDP
MELI
META
MHO
MIRM
MKL
MMYT
MNSO
MNST
MOD
MSA
MSCI
NCNO
NE
NEOG
NFLX
NOV
NOW
NTNX
NUE
NVDA
NVO
NVR
NXT
ODFL
OII
OKTA
OLLI
ONTO
ORCL
ORLY
OSK
PCAR
PDD
PH
PHM
PNR
PR
PRI
PRIM
PSN
PSTG
PTEN
PWR
PXD
RACE
RCL
REGN
RELY
ROIV
ROKU
ROST
RS
RYAN
SAIA
SDRL
SFM
SITM
SKYW
SLB
SMCI
SNPS
SPLK
SQSP
STLA
TBBK
TCBI
TCOM
TDG
TDW
TEAM
TEX
TJX
TNK
TOL
TS
TT
TW
UBER
UPWK
URI
V
VAL
VEEV
VICR
VIST
VRNS
VRSK
VRT
VTMX
WAB
WDAY
WFRD
WHD
WWD
XP
XPO
YELP
YPF
ZS
ZTS
ZWS

 

Top Mutual Funds For Stock Research

Institutional sponsorship is a key part of IBD's CAN SLIM methodology. Here's a list of top growth-style mutual funds that our team likes to see as holders of individual stocks we're researching.

Symbol Name
ALSAX ALGER SMALL CAP GROWTH A
ACRNX Columbia Acorn Inst
FCNTX Fidelity Contrafund
FMAGX Fidelity Magellan
FOCPX Fidelity OTC
FKGRX Franklin Growth A
OPOCX Invesco Oppenheimer Discovery
JDMAX JANUS HENDERSON ENTERPRISE A
JDCAX JANUS HENDERSON FORTY A
JACAX Janus Henderson VIT Forty Inst
LAGWX Lord Abbett Developing Growth
LGLAX Lord Abbett Growth Leaders A
MFEGX MFS Growth A
LGOAX Miller Opportunity A
POAGX PRIMECAP Odyssey Aggressive Growth
PRNHX T. Rowe Price New Horizons
VPCCX Vanguard PRIMECAP Core Inv
WGROX Wasatch Core Growth
WMICX Wasatch Micro Cap
SGRAX WELLS FARGO GROWTH A
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