After another week in the beautiful stock market a week that's awesome squeamishness on Chinese crackdowns resulting in some sell-offs in some of our high conviction Chinese plays like Neo Expeve and Lee, we that saw some instability in the overall market, but also a week that saw some huge short squeeze runners. Well with all this in the forefront, many are coming from foreign, from wide with just one simple question and that question is, well you know, hey Charlie, what are the top three stocks for this week And in this video we're going to be talking about just that. But the only thing that I ask of you in return is that you hit that ravishing like button and also don't forget to subscribe either. And I want to thank the folks over at Ziptraderu for sponsoring this video.

Thank you Charlie as a member, you're going to get access to our step-by-step lessons, our private chat, and of course our daily morning briefings that we often mention in these videos where I present all my research on the latest catalysts and what's happening in the market every single day before market open 30 minutes prior. Coupon code Battlefield 75 will get you 75 off and that coupon code is expiring this week. Okay, so let's go ahead and start with some quick updates and prep. So this week we are going to see heavy hitter banks reporting earnings.

You have Jp Morgan, Goldman Sachs, First Republic on Tuesday you have Bank of America, Wells Fargo, Citigroup Blackrock on Wednesday you have U.s Ban Corp and Morgan Stanley on Thursday Charles Schwab on Friday. And who cares? Charlie on today. Please tell me why should I care about the banks? The only bank that I care about is the Bank of Amc. No buga.

The reason this is relevant is because what happens in the sector this week is going to greatly shake up the market and you consider the recent drama with Wells Fargo going and closing personal lines of credit from their clients. This act is going to be watched very very closely. this week. you also have investment banks like the Sacks of Goldman reporting earnings.

This week they're factoring in some record quarters so we're going to see exactly what the predictions are for the upcoming quarters as well as their results from the previous. People are going to be intensely watching the financial sector and how it does this week as an indication for the health of the broader market approach in the end of the summer and the fall. So very important to keep in mind. Okay, let's get to work first Stock: Let's start with Cars.

So quick context on cars. So on Thursday morning prior to market open we briefed on Carve as a short squeeze candidate. We got lucky and it more than doubled. Then it sold off in the close and on Friday morning we briefed on it again saying previous briefing runner showing some opportunity as a short squeeze.

Momentum play and it did. And it did indeed continue its momentum and it ran from 26 to 42.5 before once again selling off. Now the reason that I mentioned this yet again is because I actually think that this is going to be a candidate for yet another short Squeeze Momentum rally this week. You consider the small cap size of the stock, the social sentiment relative to that, as well as the short float so much of the stock has been short sold to oblivion.

then you consider that retails in the situation right now where it's very, very hot to try to squeeze stocks. And it makes me think that this is approaching a very, very compelling setup if we get the correct morning. But I also think that logic and risk management is screaming right now. Let this sell off.

Let this sell off. I mean you look at just the last previous trading period, it went from 10 to 40 and then cut in half before once again going to 40 and selling off again. I'm looking for a day with a perfect combination of social sentiment, excitement, and a low price relative to where it is right now. And hey, look, I want a much lower price and I want a good setup, but it's very very possible that we just get the very good setup and it just runs from a high price.

so we will continue to keep you posted on the briefings if we find that morning where it is showing that perfect combination. and we will also update you nightly on the channel with what the latest developments are. But I wanted to make sure that we talked about it today because I know that a lot of people were asking about this play and the facts suggest the high probability of yet another rally. But you compare this to what I would say was a similar stock Zella from a couple weeks ago.

Zella was a play that we briefed on back on the 29th at like 215-ish a share. It was a very similar situation, and it ran from that price to four that day, and that was helped by the flammable market on that particular day. But it just so happened that on that day, a lot of the variables lined up. You had social sentiment.

In the morning, you had a lot of strong momentum peeking up faster and faster, and then you had a ton of volume flowing it open, and then actually it sold off, and then later you had all that volume and momentum come back, which set it up for the perfect momentum squeeze. But the point isn't that. the point is what happened afterwards. Well, it sold off for a few days and then had a second iteration of hype rallies.

I think that given the right condition, Carve is going to trade Very very similar to Zella, Which is to say, hey, carve went up several times already. I think that it's going to have another cycle of upward trend momentum. There's usually that first blip of momentum that gets everybody in and then all of a sudden everybody's watching on the sidelines ready to pour back in if you get some more momentum. Okay, next I want to talk about Spce and my outlook on it.

So Virgin Galactic founder Richard Branson completed a successful space flight this weekend, which I suppose means he lost to space virginity and they have to rename the company just Galactic. I don't know exactly how that works, you can let me know, but it seems like it wouldn't be fair for them to call it Virgin Galactic after he's already gone into space. It should just be Galactic misleading. But anyways, this has obviously been a huge pr move for the company for the last month, but also the fact that it has now been successful and he's already back on the ground is huge.

To be able to launch their founder and have him live stream from space and then come back down unharmed is a dramatic vote of confidence in their technology and certainly puts them in line with their goal to start beginning commercial service in 2022, of which they've already sold 600 tickets for topping out at about 250 000 a pop. Now of course, Svce has already factored in quite a lot. Spce has been on a nice ride up to new all-time highs since its dip in May to 14 and we are now at 49. And let's be real, the numbers of the entire space tourism industry really freak me out as an investor, They calculate their addressable market as two million high net worth individuals, which I would argue is extremely optimistic, and assumes that a sizable chunk of high net worth individuals are ready to accept the dramatic risk of space travel.

Now I know that this isn't the same thing as going to the moon, and it's just kind of like an outer orbit of earth. But still. And of course, when it comes to analyzing a company on a fundamental basis, the company behind the stock. Well, you know that I like two things: I like: proof of concept, and I like a market to expand that proof of concept into.

But how exactly do you break down the market potential of this? Even the estimates that I've seen use very weird metrics to measure this, because it's just so out there that there's just no way that you can accurately predict how much market potential there is. Maybe in terms of astronauts that want test flights, but even so, some of the most optimistic market size predictions ranking at say, like eight billion dollars by 2030.. And you consider that Spce is trading at over 11 billion dollars, almost 12 billion, meanwhile also having other competition catching up. Well, it's tough to figure out how to even value this based on the market potential.

Maybe you're thinking 2050, 2060, but again, this is just too far out for me to actually make a really good case for it. Asked me in 10 years I would argue that the minute they have one filled launch where unfortunately people lose lives, the whole safety and confidence of the public is going to drop dramatically, and it's probably going to take even a decade or two to actually recover that confidence. When you're talking space tourism, you have to be very, very forward-looking And again, I'm pretty forward-looking when it comes to most growth stocks, but with space tourism, it's just too much for me to comprehend. And that's just me.

There's other companies that I like that are space oriented that have a huge focus on satellites and launching different things that companies need as a third-party launcher or providing services to companies that are launching them. But when it comes to this company, the focus is space tourism. Might make a case eventually to buy it at a much cheaper price, but right now I just don't see it as a fundamental buy and hold play. I just don't.

But as a trading chart play as a hype play, That's where it gets interesting. The hype around Spce right now and over the last month has been a lot more powerful than anything that the company is actually doing. Spce trades 90 based on hype and headlines and investor interest. This trades on public perspective and with more and more catalysts coming out for Spce and the industry as a whole.

Well, I believe that Spc is going to have a lot more trading opportunities if I was going to make a prediction instead of just blab. What I would say is that the most likely scenario is you get some original hype running in the beginning of the week because of the successful launch and then you get a sell-off as the new cycle hype dies down. Now, after that sell-off that's when you get the waiting period up to the next inevitable catalyst. Now what exactly is the next catalyst? Well, it could be a sympathy run from the blue origin launch that's coming up.

If that's successful, hopefully it will be. But my prediction? if you're talking probabilities. I see this going and running towards the beginning of the week as you have some people just hyping into it and then you have some of that selling of the news later on. So pretty excited about that.

Okay, and finally, Delta D-a-l This is an important stock this week as it has a lot of implications. Delta's reporting their earnings on Wednesday and this is the first of the major airlines that we are going to hear from since we've been this deep in that summer. Recovery: As a whole, the stock prices of most of these industry players in the airline sector have gone down and done fairly bad as the inflation and recovery trade went and faded away over the last couple of months. But when Delta releases this report, we're gonna learn a lot.

Number one, we're gonna learn how high demand is growing, number two, we're gonna learn about their projections for the next quarter and the holiday season, and number three, we're gonna learn if they're actually able to meet all this demand or if they're having labor shortage problems. We already know about all the labor shortage issues in the economy, and we've heard some anecdotes and sporadic data about delayed flights and labor shortages and actual airlines causing a lot of really long weights. But how is Delta dealing with this, and what are their projections in terms of how long this is going to last? Is it going to affect their fall earnings? Did it affect their previous earnings? Is it going to delay their recovery from the Pandemic? The actual numbers and implications of that are Huge. It's going to speak volumes for the rest of the sector and large portions of the economy that's struggling to recover right now.

Anyways, folks that caps off the video. if you have any questions, feel free to reach out to us below or join us on zip, Trader Circle, and of course Quick Plug if you'd like to learn how to trade, would like access to our private chat and daily morning briefings where we brief on all the biggest catalysts each and every morning. Well, I'll go ahead and put a link to Ziptraderu below. but folks, please only join us if you're going to commit yourself to the process practicing paper trading with every single concept and then never giving up when times get tough.

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We'll also get you some free stocks Anyways, have a great day and I'll see you in the next video.