|Day Low/High||3,140.67 / 3,240.81|
|52 Wk Low/High||1,626.03 / 3,344.29|
The action took an interesting turn on Friday as some sharp rotation spun big-cap winners like Apple and Amazon backwards.
Early futures weakness followed by a steady recovery and advance has been a feature of the markets during the advance. As of 6:30 am S&P futures are -18 handles and Nasdaq futures are -60 handles. Wake up Robinhood, wake up ETFs (and rebalance and...
Roku reported 42% revenue growth and 65% streaming hours growth. But it did caution that the broader TV ad spending environment remains soft.
"Just one more thing." - Lt. Columbo Jeff Bezos just filed that he sold one million shares of Amazon in the past week.
* History rhymes "When the little blue clock in the middle of his work Sings a song to the moon up above It is nature that's all Simply telling us to fall in love And that's why birds do it Bees do it Even educated fleas do it Let's do it, let's fal...
AgEagle Aerial Systems' press release appears carefully crafted and very tricky.
The whole group has run and the guidance from Clorox does show, more than anything, that nobody knows.
Liquidity, FOMO and a short squeeze are driving market action.
On July 8th I wrote about the prospects for the upcoming earnings season where I expected some beats from companies that were aided by the "stay at home" factor but that the best would likely be behind some of these companies: Next week earnings se...
Among the companies that seem to be managing the challenges of 2020 quite well is Pluralsight Inc.
* It's the mother of all short squeezes (part deux) * Does he live under water? "Yeah, like Bizarro Superman, Superman's exact opposite, who lives in the backwards Bizarro world. Up is down, down is up, he says hello when he leaves, goodbye when he...
Are U.S. politicians really rocking to Lil Uzi Vert's Futsal Shuffle, and worried their efforts will fall into Chinese hands?
"The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's opt...
Plus, Russia could provide a real-time clinical trial of a coronavirus vaccine.
This market simply has no fear of staying with the big-cap tech names that have been leaders for so long.
In less than an hour we will end the week, which also shuts the book on July - are we really one-third of the way through the current quarter already? Despite the mixed performance this week that saw the Dow trade off modestly, the S&P 500 inch hig...
I'm a buyer of Spartan Energy Acquisition, but with a patience level beyond Veruca Salt.
There is no thought of selling here and now, even with politicized pressure on the industry.
The Amazon bulls keep on running as we have a bevy of price target hikes this morning following last night's blowout June quarter results and upsized guidance. Goldman Sachs lifted its target to a Wall Street high of $4,200 vs. its prior $3,800 tar...
Personal Income in June dropped 1.1%, more than the expected 0.5% decline. This will add to the concerns I shared earlier about the consumer's ability to spend during what is normally the Back-to-School shopping season as economic stimulus payments ...
Tutor Perini, Beazer Homes and Alexion Pharmaceuticals all turned in solid results in the face of the pandemic.
Plus, it could be quite a while before the labor market can absorb all those people who are out of jobs.
Following last night's blowout quarterly results from Apple , Amazon , Alphabet , and Facebook , U.S. futures suggest a positive open when trading begins later this morning. However, when we consider that shares of those technology companies are mov...
I suspect that we're more likely to see corrective action in the form of a rotation rather than broad selling in the indices.
This is a good example of the great difficulty of being an anticipatory bear in this market.
The big momentum winners of the past two days are seeing some nasty reversals.
Huge earnings news and economic reports will drive the indices while aggressive speculative trading continues in smaller stocks.
The Fed has done a lot, and is willing to do even more, but for now, is watching Congress. The fiscal side is where the next shoe falls.
More than anything else, the hearings shine a light on how tech giants are looking to defend themselves as antitrust probes continue.