|Day Low/High||274.63 / 277.47|
|52 Wk Low/High||204.95 / 291.70|
The incredible trajectory of Beyond Meat is daunting to those of us who fear a toppy market and the run in the stock is a slap in the face of those who care about too much enthusiasm.
Our brewing Cold War over regional and global spheres of influence with China, has forced some merger activity across the aerospace and defense industry.
Markets are still willing to pay top dollar for high-growth software names that meet or beat their high expectations. But they're proving remorseless to the growing list of firms to fall short.
It's important to take a step back and see what is happening across asset classes.
Anything weak is a positive to be excited about and anything strong is a nightmare because that might stiffen Powell's resolve to keep rates where they are instead of cutting them.
Let's double check the charts and indicators of ADBE before jumping in.
You know where the firm has next to no revenue exposure? China.
Simply put, traders at the larger institutions were driven either by risk managers or simple fear out of FANG and information technology, and into anything else.
You can't start a discussion about the issue, though, without going right to the most impacted stock on earth: Apple.
CRM is still suffering, but a number of other cloud stocks are still hot. Here is how to play it.
You all know that I love the software/cloud type names.
It's ironic. Had the Chinese let Facebook, Amazon, Netflix and Alphabet in, there could have been some massive retaliation for Huawei. But they never did.
We have to stipulate what makes a market really tick these days in a world where we are ruled by tariffs and trade with a Fed sideshow.
There has been some weakening of the bullish case in the past two weeks.
Given how much Trump loves this fight, and how he will not back down, the companies that move out of China will get a higher multiple than those that don't.
On day three, the sellers forget why they sold and the buyers remember why they like stocks.
The downbeat progression of talk is at odds with the market itself.
While DBX reports earnings tonight and has plenty of cash, they aren't exactly expecting big growth in the bottom line.
As usual, the stocks that bounce back first are the tech stocks with little Chinese exposure and the consumer packaged goods that just demonstrated good numbers.
RMPIA outperformed once gain during April.
I will very much approach the environment provided (China talks) from the view of the pragmatic. I will trade whatever is in front of me.
Azure will determine the path that MSFT's stock price will take moving forward.
With any China deal, there must be a clear and verifiable method of enforcing compliance.
Use the swoon to buy, but wait until the coast is clear and nothing happens and it is just a random rotation.
This recent oil price surge in price is not over, and not priced in. Here is how I am playing it.
At least those among you who still choose to take a flyer on Boeing will do so better informed.
Dick's can teach you more about what's happening in the overall market than anything else I saw today.