|Day Low/High||90.92 / 94.40|
|52 Wk Low/High||76.80 / 164.46|
With that warning given, let's check out possible trades involving a big drugmaker and a semiconductor giant.
There's no doubt that the Fed Chair was about as hawkish as we have ever heard him, but his crew seemed to try to temper that hawkish posture.
This week's earnings focus will be on the retailers with rivals such as Walmart and Target, as well as Home Depot and Lowe's reporting.
Following their recent selloffs, two of these major chip developers arguably present compelling risk/rewards.
Plus, we take a revealing look at the movements in the yield curve and pop in on the dismal charts of Shopify and Peloton Interactive.
The environment for chip stocks is undeniably tough. I'm a believer in an almost permanent state of demand for everything this industry does.
Upside - +22% (announces multiple launch agreement with SpaceX for its next 68 Sub-Meter high-resolution Earth Observation satellites; by 2025 will sample any point on earth up to 40x/day at sub-1 meter resolution) - +21% (earnings, guidance) - +19%...
These markets expect the Fed to take the FFR up 225 basis points by September and another 50 bps to make 275 in total by year's end.
Let's check the indicators as the S&P has come up flat, resistance levels of the indexes remain and we could rally in the days after the Fed speaks.
Markets will either confirm or deny Monday's bullish reversal this week. Traders are already up to their eyeballs in water snakes and alligators.
One positive takeaway last week was the very low trading volume for Nasdaq-listed stocks in aggregate and for constituent names of the Nasdaq Composite.
* On Thursday the markets suffered a heart attack * Machines are unemotional, human beings are full of emotion * Carnage in the hedge fund community and algos likely were important contributing factors to Thursday's marked reversal The S&P 500 Inde...
* Outside day to the downside in the Russell Index. * Uninspiring breadth relative to the near 60 handle rise (at the top) in the S&P Index. * Blackstone was +$6/share on big earnings beat, now -$2/share. * Sharp intraday reversal in growthy tech na...
Consider the carnage in a number of high profile hedge funds who mostly own the same group of stocks - , , , . Even , though on a brief rally today and yesterday, has been performing poorly. Ah, yes, there is still (for now)... .
Here are some negative signposts regarding this morning's rally: * Microsoft is only +$1 - giving up $4.5/share from the early morning highs. * and also down on the day. * Alphabet barely ahead. * As I mentioned, (bonds) are not holding the gains. ...
The march toward positive real yield territory has put the whammy on equities, primarily on tech or "growthy" type stocks that have run at higher valuations.
I like AMD in terms of valuation and leadership. Can the stock still come in? Of course it can.
After its latest earnings, here's how I'm trading the chipmaker.
Besides what one might think... TINA (there is no alternative) remains a factor for now... in equity markets.
As the Philadelphia Semiconductor Index looks promising, let's check tech names including Nvidia, Advanced Micro Devices and Broadcom.
*I don't know Of course we never know why markets behave the way they do on a short term basis, but Thursday's sharp ramp higher on top of the strength over the last nine trading days was difficult for me to comprehend. Participation was not bro...
While professional money likely participated heavily on Wednesday, the percentage of these trades that were simply price insensitive, short interest covering, risk removal trades may have been substantial.
* At least that is my thought... * Trading sardines, not eating sardines I am taking my trading profits from yesterday: * Sold $283.90 * Sold $108.58 * Sold $41.50 * Sold $98.52. I also shorted at $423.80 against my short March SPY $422 puts, tha...
I am keying on three stocks - , and - as trading long rentals in anticipation of a rebound... at some point!
* My revised levels I don't want there to be any ambiguity about the size of my positions, or about my buy and short levels, as I strive for as much transparency as possible. This column is a continued commitment towards that sort of disclosure. "Wh...
Let's compare two eSports exchange-traded funds to see the one that scores the highest.