|Day Low/High||3,304.00 / 3,410.42|
|52 Wk Low/High||2,881.00 / 3,773.08|
Netflix's surprise hit is attracting the eyes of viewers and investors alike.
I attended the LD Micro Conference in Los Angeles. Here's what I found out.
While supply-chain constraints are a global problem, consumer-level inflation is not yet as broad a problem, or at least not evenly distributed.
- FibroGen is getting jiggy in a sea of red. - Not Transitory: Apple and Amazon report further supply chain disruptions. Coming up next? My candidate is Home Depot . - With the VIX being contained, and actually down a bit, I suspect we could ...
For investors with medium or long-term horizons, there's a lot to like about the e-commerce and cloud giant.
Equities did close almost sharply lower than where they had been early on Thursday afternoon. You do want to see how this looks on a chart.
* Time for some more "second level thinking" * Should supply chain disruptions persistent, which I expect, digital ad spend will likely disappoint * EPS results over the next few quarters for a number of large tech companies could be challenged - so...
Market volatility could spike in late November/early December just as liquidity walks away. Keep that in mind.
I have added to Alphabet and Amazon at $2700 and $3198, respectively, in premarket trading.
Our Trade of the Week, Amazon , is +$65 today. Good thus far. And, I just added to my and shorts at $11.30 and $175.80, respectively.
As noted yesterday, Amazon is my Trade of the Week. From Goldman Sachs this morning: AMZN: GS Research previews earnings and engages with debates as investors are skeptical about the pace of North America eCommerce slowdown in 2H'21. Based on GIR...
In a real bear market, one that persists, volumes will dry up. Corrections are violent and volatile. That's where we are now.
I paid $3,194 in the after hours for more Amazon shares after yesterday's close: $AMZN is my Trade of the Week Remember when $GOOGL was lying fallow last year and $AMZN was ripping? No one liked $GOOGL and it proceeded to move much higher as $AMZN f...
You likely want something you're willing to not just trade but also to own.
With the Nasdaq and bonds likely oversold (near term), Amazon may stabilize and move higher after a lengthy period of underperformance. Investors who were recently greedy are now fearful. I am buying when others are fearful.
RBC joins the party. Shares of Amazon.com , Alphabet and Facebook were initiated with Outperform ratings at RBC Capital Mkts.
These names are plays on the complexity of new cars, problems in the global supply chain and current strong demand for used cars.
An environment in which valuations matter more and dip-buyers can't always be trusted to save the day is one in which it could help to pick one's spots carefully.
I added to Amazon at $3,306 and to Alphabet at $2,688. I shorted Netflix at $608.32.
* VIAC trades at only $40/share compared to a 'sum of the parts' value of $75/share * Viacom's operating results in 2022-23 will likely exceed consensus expectations * With a 12-month downside of only about -$3/share and upside of at least +$25/shar...
It is now clear, in a world without all that much clarity, that professional money is in the early stages of distribution mode.
My largest position is Viacom . Despite my analysis that a deal with Comcast is increasingly likely (albeit in late 2022/early 2023), my Gnome, high above the Alps, has been hearing that a large technology company (I'm guessing Apple , Google or A...
Companies don't become best of breed unless they are the best in everything they do. Facebook hangs in the balance.
* But most strategists have not yet responded to slumping demand and the (profit) margin pressures that lie ahead * The rate of global economic growth is decelerating while inflationary pressures are not moderating and are not likely transitory * I ...
Costco Wholesale will report the firm's fiscal fourth quarter and full year financial performance Thursday evening.