Performance is excellent, free cash flow is robust, guidance is solid and sales are growing. Here's my one nitpick and how to play the stock.
Traders should exercise patience and wait for a dip before probing the long side.
And the likelihood that inflation will be persistent should keep interest rates higher for longer, which will have multiple negative economic consequences.
Plus, a couple major stock indexes appear to be in better technical shape.
The bulls are focused on stocks that are benefiting from AI while the bears argue these few names don't fix the other economic issues that are still lurking.
This has been a stock-pickers market: It's narrow picking on the upside, sure, but I see lots of options on the downside.
The action broadened on Thursday, but a small group of big stocks still dominated.
Artificial intelligence is all the rage, but the BlackRock Large Cap Value and the BlackRock Flexible Income exchange-traded funds offer a bit of human touch.
At this point, everyone is painfully aware of the strength in AI names, and they are still chasing stocks like Apple and Nvidia.
Here's where a trade would be a fresh upside breakout and open the way to further gains.