Markets closed flat on Wednesday, with the S&P closing down .04%. Asia stocks fell overnight while Europe indexes are in the green this morning. U.S. futures are pointing to a higher open, the Dollar, Yields, and Oil are lower while Gold is higher.
And here is the last rant if you missed: https://www.optionmillionaires.com/morning-rant-4-29-2026/
It was a somewhat boring, lackluster session yesterday, outside of the memory space(STX, SNDK, ect.), with stocks chopping around in another somewhat tight range. In the afternoon the Fed statement and Powell press conference didn't move markets much either, and a late session rally pushed the SPY right near flat for the day. Earnings after the close is what everyone was waiting for, and quite honestly I think they delivered. In the face of geopolitical events, inflation, the tariffs, AI bubble, and the consumer all four of the big names reporting (META, MSFT, AMZN, GOOGL) delivered. Meaning strong reports and no surprises to spook markets. On yesterdays rant I ranked the names in order of what I thought would report from best to worst: AMZN, GOOGL, META, MSFT and I was close.
GOOGL's was the best report by a mile. Huge beats, huge growth numbers, a huge backlog, and more. On the flip side was META, which actually had decent numbers but there continues to be concern around their ROI on their Capex spend and there was a decline in some user metrics. I love AMZN's report as well and surprised it is only up $7 as I write this, may be worthy of some spec calls.
After the close today is AAPL and then a slew of my favorites like ROKU, RDDT, RBLX, and FSLR. AAPL could move markets a bit. With the major catalysts out of the way, could see the SPY trading up near $720. Also, today is the last trading session of April. Right now the S&P is up over 9.3% for the month and will be its best performing month in nearly 6 years:
https://x.com/OMillionaires/status/2049784958588211700?s=20
As crazy as it sounds, can make the case the SPY is forming a bull flag:
My worry is these Yields. Don't want this much higher:
Yesterday felt like one of those days the market was giving me the finger. I sold out JOBY and SERV on Tuesday, thankfully, and then both got demolished yesterday. ENPH posted great numbers but the market also punished that one, so it pulled SEDG down. And other names I was looking at, like TTD, looked like they were breaking out, only to fade into the afternoon. And then lastly COCO, one of my top 5 stocks for 2026, soared after earnings. I was starting at $70 calls and passed because I thought they were pricey. Then $75s and passed for the same reason, only to see those go up 500%+ later in the day. So in a nutshell, felt like the market was going to take my money yesterday so I sat on my hands. Days like that come and can be painful ones if you try and fight it. Hopefully some better opportunities today.
My favorite names report after the bell: RBLX, RDDT, and ROKU. I am still on the fence on adding any lottos. RDDT and RBLX will report MONSTER quarters... the question will be if it matters. Last Q RDDT smashed estimates, raised guidance, and announced a huge buyback and the stock still floundered. If I can find any decent lotto calls on those names will add with the expectation they will go bidless.
I like RBLX for $75+
RDDT for $200+:
And ROKU for $130+:
SPOT tumbled after its earnings this week. It seemed to find footing yesterday and could be on the verge of a bounce. May look for some calls for a move back over $500 into next week:
Out of nowhere yesterday afternoon KODK started breaking out, soaring over $14 before falling back down to close at $13.40. My May calls came back to life. KODK has had a massive run and I have banked plenty on the call side since it was in the single-digits. I look at KODK and think maybe it's a $20 stock in the next year or two but think the upside mojo is limited. SO will likely not add anything on KODK unless something changes with the story. What a run...
Still eyeing GLW calls into its event on May 6th. Could be a catalyst to get it going back in the right direction. Chart actually looks great with it holding the 50dma:
I may look at some lottos on META... possibly puts, for a move to $570:
And here is what I am watching today: RDDT, RBLX, ROKU, ALGN, META, AMZN, CRBP, DUOL, ALMU, HIMS, NFLX, SEDG, BIDU, RBLX, SMCI. NKLR, GLW, AAOI, LMND, SHOP, ANET, AVGO, INTU, ADBE, APP, WING, LRCX , ASML,ORCL, U, TTD, TSLA, ALMU, VKTX, RH, ROKU, KODK, ALGN, ISRG, LMND, CF, NTR, IPI, SERV, SHOP, ANET, HTFL, ROKU, POOL. V, MA, ZM, WING, SHOP, SQQQ, MRNA, DUST, FLWS, COCO, COIN, and SQQQ.
Let's have a great day!
-JB