|Day Low/High||158.40 / 162.76|
|52 Wk Low/High||149.88 / 199.55|
Upside - +40% (to be acquired through merger by Ergon at $4.65/shr) - +39% (Moving iMage Technologies and SNDBX announce strategic partnership for gaming and e-Sports) - +17% (announces review of strategic alternatives) - +9.3% (earnings, guidance)...
Plus, a review of Thursday's sudden market turn from sunny and bright to an all-out thunderstorm that hit investors hard.
Berkshire, led by the brilliant pair of Warren Buffett and Charlie Munger, has been busy of late.
Let's look at the latest AXP charts and come up with a plan.
The Nasdaq Composite suffered a 'death cross' back in mid-February and what happened after that is now clear to see.
Don't be fooled into selling just to get a dropping stock off your mind.
The impact on U.S. companies of the economic blockade against Ukraine's invader varies but definitely is more than symbolic.
Picking a bottom is nearly impossible, but if one does not start layering in where the mud gets deep, then one ends up a bit light when the train leaves.
There are huge baskets of stocks being bought and sold in order to shift exposure out of growth and other stocks that are hurt by higher rates.
* Market participants appear to be waiting until Citigroup's divestiture program from a number of foreign markets is fully completed * Redeploying those assets into buybacks, with the shares at a large discount to book value, makes a lot of financia...
Looking at the top five in the DJIA: * American Express breaches its 20-day moving average ($174.93) * Salesforce back to the mid-$260s after a big spill * Intel is gapping above its 50-day moving average ($51.13) after the announcement of its plan ...
* Will the collapse in the share price of a leading Australian BNPL company presage weakness in the U.S. in 2022? * When a hyper growth credit product is not funded by core deposits - problems typically emerge * For now the credit cycle is benign - ...
Let's take another look at the charts and indicators.
Okay, gang. Closing time. Equity markets shaded mostly red. The Nasdaq Composite gave up 0.82% on heavy trading volume. The S&P 500 gave up just a smidge, while the Dow Industrials actually gained some small ground thanks to American Express . Only ...
Shares of AXP soar to new highs after strong earnings. Let's check the charts.
Plus, Snap Inc. disappoints with its guidance as Apple lets users opt out of being tracked by individual apps.
I took a portion of my American Express short in just now at $169.25. I will add back on strength.
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.
New Buy (and Short) 'Levels' * 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...
* And EPS are likely to disappoint as profit margins contract On Monday I added to my shorts in Mastercard , Visa and American Express , three of the most popular and widely owned financial stocks. Monday's Fast Money program had a panelist on who ...
Companies don't become best of breed unless they are the best in everything they do. Facebook hangs in the balance.
I have shorted a long list of existing individual equity shorts today -- especially in the soon-to-be-disrupted financial area ( , , , etc.), which has benefited from the rate rise. Also, is a new short -- another high-growth stock vulnerable to hig...
* Bought and . * Covered and shorts. * Covered SPY short puts and added to short calls. * Shorted , , , , , , and .