HSAPAY's week 21 of 40 Investing for Baby Prep Plan

May 31, 2023 2:57 pm

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Here's HSAPAY's weekly update for May 31st, 2023 that'll help you and your growing family navigate the complexities of utilizing and investing in your HSA.

HSA Weekly Roundup

HSA 101: From JPMorgan
National Sunscreen Day Kicks Off Summer!

Macro Minute & Precious Metals

3-6 Month HSA Investment Return Entries

HSA 101: From JPMorgan

@hsapayapp

Sponsored by JPMorgan Chase A health savings account, or HSA, can be an invaluable tool to help you save for unexpected medical expenses and lower your taxable income. Many employers offer HSA options, but it can be challenging to know what's right https://dallasexaminer.com/health-savings-account-101-everything-you-need-to-know/...

1:50 PM · May 18, 2023

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National Sunscreen Day Kicks Off Summer!

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In honor of National Sunscreen Day don't forget that your HSA has you covered. #hsapay. Check out the HSAStore to find out how you can save today.

11:15 AM · May 27, 2023

Save Here!

Stocks Close Moderately Lower as a Debt-Ceiling Deal Remains Elusive

Stock indexes took a tumble on Wednesday 😞. The S&P 500 Index ($SPX) (SPY) closed down -0.73%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.50%. This comes as talks to lift the U.S. debt ceiling remain at an impasse 😩, causing stocks to remain under pressure. Negotiations between President Biden’s team and representatives of House Speaker McCarthy showed little progress on Wednesday. To make matters worse, U.S. stocks were also impacted by a slide in the Euro Stoxx 50 to a 1-3/4 month low on inflation concerns after UK Apr consumer prices rose more than expected 😱.

worldsteel: Global Crude Steel Output Dipped in April

🌎 63 countries reported to worldsteel that crude steel production in April 2023 was 161.4 million tonnes, down 2.40% from the previous year. Asia and Oceania were the biggest steel producers with 121.10 Mt, followed by EU-27 with 11.10 Mt and North America with 9.20 Mt. Other regions produced: Africa (1.3), Russia & Other CIS + Ukraine (7.5), Other Europe (3.5), Middle East (4.2) and South America (3.6). 💰Fed Governor Waller doesn't want to raise rates unless inflation drops to 2%, but he's waiting to see how the data looks over the next three weeks before making a decision on June FOMC meeting.

Nvidia (NASDAQ:NVDA) Beats Expectations in Strong Q1, Stock Jumps 14.3%

🎉 Nvidia, the graphics chip designer, just crushed Q1 FY2024 expectations, with revenue at $7.19 billion (down 13.2% YoY). But wait, there's more! Their guidance for next quarter has analysts 👀 in surprise, with expected revenue of $11 billion, a whopping 54.6% higher than anticipated. 💰 Nvidia's GAAP profit also increased from $1.62 billion to $2.04 billion this quarter. 🚀 The biggest drivers of demand for CPUs and graphics chips are the exciting trends of 5G, IoT, autonomous driving, and high performance computing in the data center space. However, like all semiconductor companies, there are ups and downs 🎢 depending on supply and demand imbalances and exposure to the product cycles of PCs and smartphones.

Petco vs. Chewy: Which Is the Worse Stock to Buy?

🐶Petco Health and Wellness (WOOF) is having a RUFF day, down almost 17% in mid-afternoon trading on Wednesday. The company released their Q1 2023 earnings this morning before the opening and investors weren't too Pawsitive about the gross margin erosion. As a result, volume is paw-tastic 🐾, 6 times more than its 30-day average. 🐾At the same time, Chewy (CHWY) lost more than 3% of its value on the day, even though they're reporting their earnings on May 31 after the markets close. As a result, their volume on the day is slightly higher than their 30-day average. 🙅‍♀️If you're thinking about purchasing either of these stocks, I wouldn't recommend it. Let's take a closer look at the negatives of each business. By the end, you'll know which of the two is the

Debt Ceiling, FOMC Minutes & Stocks - Which Way?

Lately, there's been a lot of noise about and how it could affect the 🌍 economy and stock market. But don't worry, I think things will work out and we could even see stocks go . From a technical perspective, I've been looking at the NQ and ES charts and I feel like the NASDAQ 100 is doing better than the S&P 500. So, I'm keeping an 👀 out for a possible spread between the two indexes. 😍 In terms of a potential futures spread, I'm thinking a ratio of 2:3 could be 👍. This could mean going LONG on two E-mini Nasdaq and SHORT on three E-mini S&P 500, or going LONG on two Micro E-mini Nasdaq and SHORT on two Micro E-mini S&P 500.

Unusual Options Activity in Amazon Calls Shows Deep Faith In its Turnaround

👀 Let's take a peek at the past performance of Amazon's AMZN ticker symbol on the 1-hour Elliott Wave Charts! The rally from May 1st, 2023 low was an impulse structure, showing a higher high sequence that leads to more upside extension to take place. 💰 We advised members not to sell the stock and instead buy the dips in 3, 7, or 11 swings at the blue box areas. Check out the structure and forecast below: AMZN 1-Hour Elliott Wave Chart From 5.23.2023 Take a look at this 1hr Elliott wave chart from the May 23rd Post-Market update! 👀📈 The rally from May 1st low unfolded in an impulse sequence, with wave 1 ending at a high of $113.28. Wave

Options Volume for Mister Car Wash (MCW) Points to Opportunity for the Patient Investor

🚗💦 Mister Car Wash (MCW) is a publicly traded company and according to some, the nation's largest car wash brand. 👀 While some may think investing in MCW is outdated compared to new technologies like cloud computing and AI, there may be a chance for patient investors. 😌 MCW's stock value has dropped over 10% this year and the car wash industry might seem irrelevant to some, especially with many still working from home. However, a closer look reveals a potential opportunity for those willing to take a risk. 💰

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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Enjoy,

frank

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