April 10- 14, 2023 Stock Market Recap: Notable movers, winners, & losers

April 14, 2023

The big banks inaugurated the Q1 '23 earnings season:

•  JPM +7.55%  JPM investor relation WFC -.05%  WFC investor relation

It's a timid Friday in the stock market, no volatility or big movers for the mega caps stocks.  

Notable earnings next week:  NFLX, TSLA, BAC, GS, & MS.

April 13, 2023

The weekly  U.S. Jobless claims came in at 239k vs: 232k expectations, continuing claims dropped to 1.810 million in the week ending April 1, down from 1.823 million in the prior week. US jobless claims rises .  The stock market had a positive reaction to the data, a broad rally in the equities, notably the technology giants stocks soared;  AAPL +3.41%  AMZN +4.67%  GOOGL +2.67%  META +2.97%

The stock index /ETF rallies as well, pushing to a technical breakout signal:

• DIA +1.12%  SPY +1.33%  QQQ +1.96%

Notable technical upside breakouts:

• RIOT +9.31%  MARA +15.78%  MSTR +5.54% - these names moves with Bitcoin*

 April 12, 2023

The index had a strong positive reaction after the CPI report for the month of March, however, the intraday +1% rally faded throughout the trading session and ended in red territory, SPY -.41%  QQQ -.88%  DIA -.09%

• The CPI inflation rate eased to 5.0%, down from 6% in February and below the 5.2% forecasts. The consumer price index rose just 0.1% on the month, vs. forecasts of 0.3%.
• The core CPI, excluding food and energy, rose 0.4% vs. February levels, matching expectations. The annual core inflation rate edged up to 5.6%, matching forecasts. The core CPI inflation rate peaked at a 40-year-high 6.6% in September.  March 2023 CPI result
  

Notable losers: [ decline of >5%*]

• BABA -5.93% The sell-off is due to Softbank reports that its selling most of its BABA shares SoftBank selling Alibaba shares
• SQ -5.54% 

Notable intraday reversal from day high to red/ giving up all gains:

• TSLA -3.35%  MELI -2.26% 
• SHOP 1.16%  

April 11, 2023

A quiet day for the stock market ahead of the March CPI report tomorrow

•  SPY + .03%  DIA +.28%  QQQ -.64%

Notable movers:

• SNOW -5.81%  AMZN -2.20%
• RIOT +17.01%  MARA +12.42%  MSTR 6.26% - these names had a 2-day streak of a rally as Bitcoin trades above $30k 

The price action in the market today is confirming the bullish technical signal from yesterday's stock index performance.  The upcoming catalyst in the market is the Q1 of 2023 Corporate earnings report to commence later this Friday, the banking sector will inaugurate the earnings season:

• April 14- JPM  C & WFC.
• April 18- BAC & GS
• April 19- MS 

April 10, 2023

The stock index exhibited strong performance today, closing at a day high after opening at a lower price point.  This kind of price movement in the stock or index price intraday action is deemed a bullish technical signal.

The renewable or green energy stocks performed strongly today as well following last week's sell-off, TSLA -.30% closing near the day high, the day low is at -4.84%,  FSLR +3.68%  JKS +5.92%  ENPH +2.51%  CSIQ +2.30%

Winners:  MU +8.04%  COIN +7.63%  MARA +14.04%  RIOT +15.50%  GBTC +5.74%

Notable news: 

•  AAPL -1.60% Apple MAC shipments are down 40% year over year
• Japan appoints a new Chief on its Central Bank https://www.reuters.com/world/asia-pacific/with-japans-new-central-bank-boss-kishida-bids-farewell-abenomics-2023-02-16/