|Day Low/High||385.96 / 396.99|
|52 Wk Low/High||192.58 / 399.82|
My contention is that it is a tough and "newsy" market to trade in: * Breadth deteriorated throughout the day -- ending less than two-to-one positive. * Bonds were unchanged. The 10 year U.S. note ended the day at 1.525%. * Crude oil broke the $50/b...
The stock has been pummeled along with the rest of retail, but things are not that bad.
The longer that the market can stay in positive territory then the more likely that more buyers will enter.
My first trading move in February will be to do some buy-write orders Monday using just out of the money call options on the Energy Select Sector SPDR ETF.
The shares of Apple declined dramatically on Friday. Over the weekend the company announced that all of its Chinese retail stores will be closed for about a week period. That will not be a bona fide problem for Apple - as it will only defer and push...
How will Chinese demand for goods and services as well as dramatically reduced Chinese production impact U.S. corporate performance?
Buying right here might be ill-advised -- not because of the risk of a gigantic decline, but to wait for more information on how this coronavirus is spreading.
Clearly there will be some global demand issues, supply chain risks and sales slowdowns.
RMPIA ended January up 0.8%, but now the damage from the Wuhan virus is weighing on the future.
A lot depends on this weekend, and Chinese markets reopen Monday.
The VIX is finally acting like the coronavirus is serious.
Amazon is a main reason why you should have faith that our country remains the leader in technology. Oil companies like Exxon may just be on the wrong side of history. Ask Elon Musk.
I hope that investors remember that actual human beings are the ones purchasing cars, cell phones, and coffee everywhere around the world.
As I keep saying, the key to the market is the action at the close.
Earlier this week I reestablished my short in Apple at $325-$326. I have just covered the balance of my Apple shares at about $316/share for an unaccustomed gain (in this name!).
Cryptocurrencies do offer public value in their ability to move stored wealth across national borders in times of crisis.
The market can't make up its mind about the danger of the coronavirus, but traders keep buying the weakness.
This may be a narrow market, but it certainly has strong support.
That's the question my wife asked me recently -- here's my answer.
The social media giant warned that it's losing access to some of the third-party data it uses for ad targeting. However, it still has a lot of first-party data it can leverage.
Apple (a +5% sales grower these days) is the most expensive it's been - based on trailing earnings - compared to any other time in its history.
I will be looking to buy individual stocks if we finally see some deep corrective action.
* Dinner with the masters of the universe * And reshorting Last night I was at a Palm Beach dinner with some of the greatest investment and economic minds in the world. I am not being hyperbolic - I am representing the dinner accurately (I might be ...
This trio of reasons plus a chart that remains in a bull channel all point to a stock that should continue to outperform the markets in 2020.
In pre-market trading I reduced my Apple short ($320) from medium-sized to small-sized. Will add back on short side on strength.
It's no secret that the Fed would like to get out of the short-term repo business.
Solid large-cap earnings and narrow strength are creating a distorted picture of overall market conditions.
Conditions were good for more upside, but traders used up plenty of energy for little progress.