|Day Low/High||1,901.30 / 1,916.86|
|52 Wk Low/High||1,307.00 / 2,050.50|
Putting the BLS nonfarm payrolls into perspective, and how I am thinking about Planet Fitness after earnings.
"You do not want to give Jeff Bezos a seven-year head start." - Warren Buffett. Berkshire Hathaway (May, 2017) Though the purchase was from one of The Oracle of Omaha's kids (either Todd Combs or Ted Weschler), Warren Buffett's imprimatur was bestow...
The social media giant plans to let sellers on its Marketplace platform provide shipping options for items, as well as let buyers pay for items on Facebook's site or app. And unlike eBay, Facebook isn't charging selling fees.
The risk of being 'long and wrong' is now elevated while the upside profit potential is likely minimal.
These names are succeeding within the fast-changing media landscape.
In my April 30th "Takeaways" I suggested that Amazon would likely breach $1900 on the downside. That date has happened, like a knife thru butter. To me, as Amazon goes, so goes the market. I am a seller of the Indices on any strength
The Chinese company is about to pay a fat dividend on its American depository shares, and it isn't too late to get in on it.
RMPIA outperformed once gain during April.
With 25 minutes of trading left in the day: * The markets moved back and forth from no change several times during the day. * At 3:35 pm closer to the lows, though. * Breadth negative - 1300 advancers, 1630 decliners. * Bonds were higher in the morn...
There couldn't be two worst analogues to what we have going on this year than those two data points.
An owner of radio stations, a homebuilder and a wellness company still offer value even after the broader market's run to record highs.
Portfolio managers are exercising their First Amendment right to do incredibly stupid things.
Despite being overbought, I'm not concerned with secondary indicators until they fall away.
* With 45 minutes left in the trading day, breadth is about evenly distributed (1,500 advancers, 1,400 decliners). * Stocks had their obligatory 20 handle (S&P) rally from the lows and are close to the days highs at 3:15 p.m. * A key feature was ano...
Forget Elon Musk. My beef is with Alphabet CFO Ruth Porat.
Alphabet/Google was nearly everyone's favorite "value play" in FANG. However, unlike Amazon and Facebook , Google's first-quarter release failed to meet expectations. As I warned yesterday, the shares of Google were elevated and "priced to perfectio...
Stay focused on managing individual positions and stick with the up-trend as long as possible. Do not try to anticipate a market top.
We see signs that tell us not only is this market not expensive, but there are whole sections that might be ridiculously cheap. The recent merger announcements are a prime example.
When this crossover happens in conjunction with price, I want to be involved.
Here are my key observations on the day: * Another day of market strength (I would describe it as a "deliberate" rise) with good supporting breadth (1,825 advancers/1,100 decliners at 3 p.m.). * With an hour to go in the trading session, stocks sit ...
'Rookie buying' ahead of the print can get you in trouble.
I am going into the Alphabet/Google report long large -- as I did with Amazon . I have no "edge" on the report and plan to hold on to the shares with a very long-term time frame. I thought, as you all know, that Amazon's shares might need some time ...
The ride-sharing leader believes its revenue growth continued to slow in Q1, and that its operating loss more than doubled annually.
Now that three companies have touched the vaunted $1 trillion valuation level, Alphabet's earnings could be a catalyst to add a fourth.
I have been preaching that we need to stay focused on price action more than anything else. This week was a particularly good illustration of why.
* The market's relentless advance continued, with the customary rally from the morning lows. * Breadth improved throughout the day (1,966 advancers, 973 decliners). * Bonds fell in yield, with the 10-year U.S. note yielding 2.50%. * Oil collapsed --...
It is easy to argue that this market should be rolling over but it is not and that means we stick with what is working which are long plays.
Retail may be a cutthroat business right now, but these stocks have risen above the pack.
* Amazon, the "Supreme Disruptor," has established an insurmountable first-mover advantage and a deepening competitive moat. * Amazon's profit runway is lengthy and underestimated. * I see the company about two years away from "hockey stock" EPS gro...