|Day Low/High||131.11 / 132.87|
|52 Wk Low/High||97.68 / 132.70|
I don't care what Netflix says about weak domestic. I care about the slate. I care about missing out.
China reported positive data, bolstering markets. Netflix had a beat on earnings, but faces fierce competition ahead. CSX is a thing of beauty.
We're not talking about a rival startup. We're talking about one of the most successful and deep-pocketed media/entertainment companies on the planet.
Here are my key observations today: * Jim Cramer is very correct, the market is resilient. * Breadth was positive -- almost the mirror image of yesterday's session (1,578 advancers/1,358 decliners on the NYSE). * Bonds continue to deliver the messag...
NFLX reports earnings after the close on Tuesday.
When Netflix reports earnings tonight, what will likely matter above all else for now will be subscriber growth.
We have a strong start to the day and the market is watching for Netflix's earnings report after the close.
Upcoming earnings reports will help determine where this market is headed.
* The markets have grown far more forgiving after the "Powell Pivot" * We now seem to be at the polar opposite of the bearish investor sentiment that existed four months ago The Bull Market in 2019 has been based on valuation (price multiple) expans...
What I see from 10,000 feet above... in the age of suddenly profitable fuel as cargo, are the railroads.
The reaction to earnings will tell us quite a bit about this market.
A pair of earnings report this week will shed light on the future direction of two fast-growing companies in very different fields.
We now have a Goldilocks' market environment.
We never thought, 24 hours ago, that it could possibly be this good.
With the averages skewed towards strength in JP Morgan , Boeing and Disney , I guess it's not surprising that breadth isn't even 2-1 positive. (1860 advancing/1050 declining).
Besides my unpopular Disney short, my Apple short - another unpopular one - is working out quite well. I moved to medium-sized on Apple at over $202 the other day. The shares are down another -$2.50 to about $196.50 this morning. I would describe my...
It is one of those markets that look very good from the outside but much more difficult to trade once you dig in.
There is a good exchange between Tim "Not Judy or Phil" Collins on trading methodology - specifically how I averaged into my Disney short. If you are on Twitter, check it out!
My short position in Disney is large-sized with an average cost basis of $127.95.
I have reestablished my Disney short in the pre-market at $124.50. I think we may be entering "streaming mania" right now. Disney's market cap is more than $12 billion higher this morning after yesterday's pricing announcement. That "requires" about...
There are several metrics that will be measured across all of the major banks that analysts and investors alike must take into account.
What's the key differentiating factor from Netflix?
As we see from Netflix, valuations can become much more extreme when streaming growth is accelerating.