|Day Low/High||238.97 / 245.70|
|52 Wk Low/High||170.27 / 327.85|
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.
When we get the truth we must recognize it for what it is.
The headline grabber came from the full year print for Industrial Free Cash Flow, and the firms' guidance for 2020.
The best thing the market could do right now is pull back.
I reestablished a small Apple trading short between $325-$326 this morning. Apple remains a metaphor for the market. Bullet points on earnings: * Quarter and guidance was good. * Might be discounted after sharp rise. (Everyone "knew" based on suppl...
There is no political will on either side of the aisle to address ever expanding deficits.
Worries of the coronavirus have faded quickly and analysts are chasing big-cap names higher on strong earnings reports. The Fed is on deck.
The subdued reaction to Apple and Starbucks earnings might be a tell that today's rally was a dead car bounce. I am putting on shorts in the after hours.
Optimism about AAPL and news from the Fed, as well as algorithms, seems to have staved off market worries of a pandemic for now.
Both will have news within the next 26 hours that could determine what happens next.
We aren't yet in an upgrade cycle, so I believe if we are to have a period of lull or supply issues, now is probably the best of a bad situation.
I will be leaving at the close of trading today to run an errand so I won't be in my perch to analyze the Apple quarter. I will do that tomorrow morning.