|Day Low/High||126.94 / 128.71|
|52 Wk Low/High||53.15 / 138.79|
The firm's own guidance is not overly optimistic.
There are several reasons to believe the Russell 2000 will experience catch-up trading action in the near future.
If equities hold up over the near term and over the next 100 days, Amazon's shares stand to be a strong beneficiary. The company's moat has deepened since the spread of Covid-19 and there are no other companies (save Walmart , which I am also long) ...
Plus, House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin agree to talk stimulus turkey.
Depending on how a couple of factors play out, growth rates in areas such as gaming and e-commerce could accelerate further.
* Last night I shorted Zoom at $497/share From last night: Sep 23, 2020 ' 06:53 PM EDT DOUG KASS Shorting It Out After Hours I am shorting Zoom (ZM) in the after hours. More on Thursday. Position: Short ZM The newest "shiny object" that the retai...
The result has been a technical breakdown in risk-asset pricing -- and the main culprit is without a doubt, the inability of Congress to compromise.
In the past, investors were often too quick to sell off fast-growing upstarts due to competitive fears. But at current valuations, risks seem to be completely ignored.
The greedy are, at last, getting blown out, and the prudent being vindicated. I see three buckets of stocks that intrigue me now.
I would probably rather play this name from the short side, but the risk must be contained.
Those traders who hoped to capitalize on market momentum with call options have discovered this month that stocks don't always go up.
That's the period of minimum risk.
There is only one fact that truly needs to be understood. The virus is still in charge until it is not.
The big-cap technology names are still more extended than much of the rest of the market.
The deal drives home how strategically important gaming is to Microsoft right now. But there is one big unanswered question.
I think that when I see the kind of across the board give up as we have today, I think it's healthy not toxic.
Being scared of a pullback isn't 'expensive' or 'stupid'. It's just good investing.
Current market behavior dredges up memories of over-loved and overvalued Brocade Communications.
Watch Apple, it will tell the tale.
Strong rotational action has been driving sectors of the market as the grossly overbought big-cap technology names have corrected.
Are equity markets oversold? Sorry to say, but I don't think so. Not yet.
The week saw some of the best rotational action out of leadership names that I can ever recall seeing.
* While the correction is only in its second week, the evidence suggests the growing possibility of a Nasdaq top and a break down in the Nasdaq Fueled by a revolutionary but evolving change in market structure - in which ETFs/quant strategies and pr...
Plus, the chart of Novocure Limited is a real attention-grabber while the chart of Apple bears watching.
Investors are not dumping the FATMAAN names and running for safety -- they are looking to put those funds back to work in other places.
What happens after this is likely a flurry of deals that will require more selling and that begins to cut into the tech stocks with much lower valuations like Facebook, Apple and Alphabet.
The recent market leaders appear to be running out of steam, while stalwart stocks are grinding higher, with Verizon notable among them.
The FOMC, and Powell himself, will have to address the central bank's plan to target average consumer level inflation over time.