⚠️ Top 3 Cheap Value Stocks (OVERSOLD) | Summary and Q&A

TL;DR

This video discusses cheap stocks that have the potential for recovery, including Pinterest, Fiverr, Spotify, and Amazon.

Key Insights

• 🍳 Pinterest has potential for recovery if it breaks resistance levels.
• 🪡 Fiverr needs confirmation of reversal before buying due to rejection signals.
• 🫥 Spotify has not shown signs of reversal despite breaking above the EMA line temporarily.
• 🫥 Amazon is consolidating below the EMA line, indicating a need for confirmation before considering buying.
• 🧑‍🏭 Earnings reports can act as both positive and negative catalysts for stock prices.
• 🙂 It is important to be patient and take light positions in stocks before they indicate signs of reversal.
• ❓ Buying more stocks should only be considered when the direction is in favor and there are clear indications of reversal.

Transcript

so let's talk about some cheap stocks uh make sure that throughout this video if you have some stocks in your watch list that you want to share with us that you do so in the comments section if this video helps you out in any way please make sure you drop a thumbs up one of the first stocks that i want to talk about is pinterest and pinterest based... Read More

Questions & Answers

Q: What caused the dip in Pinterest's stock price?

Pinterest pulled back about 20% after reporting earnings, which acted as a negative catalyst.

Q: Is Fiverr a good buy at the moment?

Fiverr is still trading below the EMA line and indicating signs of rejection. It is advisable to wait for confirmation of reversal before considering buying.

Q: Why is Spotify not showing signs of reversal?

Spotify has been making lower highs and lower lows, suggesting a lack of reversal indicators.

Q: Why did Amazon experience a pullback after earnings?

Amazon's pullback was due to beating EPS but falling short on revenue, leading to a negative catalyst.

Summary & Key Takeaways

• Pinterest has pulled back about 20% after reporting earnings, offering a potential opportunity for a recovery to $81 per share.

• Fiverr also experienced a dip after earnings, and it is currently trading below the EMA line, indicating the need for confirmation before considering buying.

• Spotify has been making lower highs and lower lows, with no signs of reversal yet.

• Amazon, a quality company, experienced a pullback after earnings and is consolidating below the EMA line.