Record Year for Record Highs

Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, March 27th.

Click here to access the charts mentioned in today’s MRKT Call.

MS ($92.80) Buy May 95/105 Call Spread for ~$2

• Buy to open 1 May 95 call for $2.30

• Sell to open 1 May 105 call at ~.30 cents

Break-even on May Expiration:

• Profits of up to 8 between 97 and 105, max profit above 105

• Losses of up to 2 between 95 and 97 with max loss below 95

Trade Rationale & Management:

• This trade idea risks ~2% of the stock price, has a break-even up ~4%, and a max gain of ~9% if the stock is up ~13% in a little more than a month and a half

• As always, with long premium directional options trades, I will look to cut losses at 50% of the premium paid.

Topic Timecodes:
The Dash For Trash (0:00); Dollar/Yen (11:00); Banks/Financials (20:15); Energy (30:00); Viewer Q&A (32:15)

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Today’s Okay, Computer. is Presented by RBC and Current

What We Learned From Nvidia's GTC 2024

Topic Timecodes:
Deirdre Bosa is back for another edition of Okay, Computer. Deirdre gives us the lowdown on her visit to Nvidia’s GTC 2024 & her interview with Clara Shih of Salesforce (2:00), the quest to break Nvidia’s AI software lock (7:00), Reddit goes public via IPO (12:15), the vibe around private tech (17:15).

Later, Dan is joined by Katie Stanton of Moxxie Ventures and Jessica Ewing of Literati for the latest installment of the Funders x Founders series. They discuss the unique way Katie and Jessica met (22:00), the inspiration behind Literati (26:40), their process for picking books (29:15), entering school book fairs (32:15), why investors should be paying attention to this space (38:00), Literati in schools (40:20), what makes a great investor (45:00).

WHAT WE’RE READING

• S&P 500 Near Session High in Final Hour of Trading (Bloomberg)

• Piper Sandler Believes S&P 500 Vulnerable to a Correction, Dumps Nvidia from its Model Portfolio (CNBC)

• JPMorgan Says Crowded Stocks Sow Risk of ‘Out-of-the-Blue’ Shock (Bloomberg)

• BMO says There’s a Buying Opportunity in Small Caps, Gives a List of the Best Ones to Buy (CNBC)

• Japan Amps Up Intervention Threat as Yen Hits Lowest Since 1990 (Bloomberg)

• China Industrial Profits Return to Growth (WSJ)

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