|Day Low/High||363.64 / 370.47|
|52 Wk Low/High||192.58 / 372.38|
While some wild speculation reversed and bankrupt names fell back to earth, Nasdaq ran up higher -- but don't bet a top is forming yet.
You buy stocks of secular growers, the ones that have particular engines developed by themselves that allow them to fly into headwinds without a problem.
* The market's leadership is particularly narrow The market is doing its best to confuse everyone. After two days of an upward breadth thrust - we have reverted to a 4-1 negative imbalance of declining issues over advancing issues. More importantly ...
* The Nasdaq over the S&P in the early going... The Nasdaq has caught a bid today - thanks to analyst upgrades at and . Apple , at a new high, is also helping the cause. Overall breadth is lousy at 6-1 negative - perhaps negating the breadth thrust ...
Let's look at what's responsible for the incredible rally in the Nasdaq, because it's much more indicative of what's really going on in this market than the endless run in hospitality and travel.
I am now essentially down to four large long positions in banks and three packaged foods positions. Against this I have a large short and medium-sized short. In terms of individual equity shorts I remain short Apple and Caterpillar . I am liquid.
I don't expect a break up to be announced anytime soon. If that were to happen, I'll add at least $300 to my target price. No joke.
We're cheering what may be an aberration, a bullish employment number. We'll take what it brings - a wholesale shift in what we're buying and what we're selling to fund it.
Other places besides the United States are flashing green, and they can surprise us -- even give our international companies a boost.
The RMPIA rose 3.2% for May and 3.3% for the first five months of 2020.
"This is consistent with our views on TSM and Memory, anticipating weaker smartphone end market demand in 2H20." - Susquehanna Research (this morning) I have been adding to my Apple short over the last several days. This morning, Susquehanna noted a...
Market breadth narrows a bit into the afternoon - at 3.5-1 advancers/decliners. Strength in Apple and Procter & Gamble are helping the averages.
And the reality is that the more money you make, the more likely you can contribute to the causes that you care about.
Nineteen Sixty-Eight was often considered to be one of the most turbulent and traumatic years of the 20th century in the U.S.
We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...
* I moved to a large net short exposure today Here are the prices of my additional shorts made in Friday's trading session * at $230.86 * at $302.22 * at $119 * at $319.65 As mentioned earlier, I am now large net short in exposure.
Moved to large net short in exposure by reestablishing and shorts, as well as adding to short.
* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...
* Market breadth has been shrinking all afternoon (at 3pm less than 100 more advancers over decliners). * Oil up a beaner to $23.72/barrel. * Gold down small. * Bond yields +2 basis points. * and FAANG experiencing some strength - but not impressive...
Let's take stock of who's likely to come out ahead in this winner-take-all marathon.
It's about HBO Max, what to do with DirecTV, and the sustainable dividend yield.
Retail investors have been outperforming hedge fund managers and institutions, though the verdict is still out on whether the party will last.
GOOGL has made an impressive recovery since the middle of March.
As State economies begin the slow process of reopening, the Fed is there to support market function. Facebook's latest e-commerce foray has investors cheering.