|Day Low/High||76.29 / 81.19|
|52 Wk Low/High||45.36 / 77.83|
I just covered one third of my Robinhood short at $48.37. And I took a loss on a portion of my Ebay short.
Here's where traders who might be long should consider a sell stop.
Yesterday's new shorts - , , and - are behaving poorly... or well, depending on your vantage point!
I shorted Ebay in the after hours following the disappointing quarterly results. More later in the day.
Even amid the hype about overvaluation, you can still find some deals. Let's dig in.
Also, the NFIB Small Business Optimism Index printed at 99.7 for July, still on the strong side, but well below June's print, and well below expectations.
No, it wasn't Robinhood or the mega-cap tech companies, it was names we depend on like Carrier Global.
Here's what investors need to know to discern the direction of stocks during what can be a confusing season.
The charts of the online marketplace for apparel and accessories are mixed.
Among other things, results revealed that quite a few firms are now facing a higher bar, and that reopenings have begun affecting consumer behavior in a number of ways.
* Also, beware of "first level thinking" and looking at the rear view mirror * eBay, Netflix, Twitter, Zoom, Microsoft and Apple all have something in common - the "stay at home theme" has likely been discounted and played out * Leading technology c...
The US Ten Year Note has been on the move, and the US Dollar Index has also been climbing overnight.
A huge truckload of copper-rich pennies offers a lesson in the dilemma of locked-up value.
The selloff in speculative tech names likely has further to go. But other tech names could still do well as markets rotate.
"Unless someone like you cares a whole awful lot. Nothing is going to get better. It's not." - Dr. Seuss Forget the markets. I am transitioning to book trading. Prices gapping through the roof on eBay . $20k. Wish I was long Dr. Seuss yesterday...
While the Fed and stimulus have clearly played roles, the pandemic's psychological effects on many people have also arguably been a factor.
Right off the top, the bubble has burst for the 'short squeeze' names such as GameStop and AMC Entertainment.
Just take the three most obvious letters in FAANG -- Facebook, Apple, and Netflix -- they were all ideas from my children.
Let's see if this is just another head fake, or the real thing, like that of my personal fave A-Treat.
Many industry players are still seeing strong growth, even if growth rates have slowed a bit from their Q2 highs.
While valuations are clearly very high for many tech names, investor euphoria might not go away until news flow meaningfully worsens.
Precious metals reverse on a strong dollar, which should trigger some rotational action.
Negotiations on the next round of stimulus, more so than tension between Washington and Beijing, and more so than earnings season, will control short-term financial market performance.
Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...