|Day Low/High||232.27 / 240.40|
|52 Wk Low/High||137.10 / 245.19|
We don't know where Michael Bloomberg is going to come out in his campaign spending, but we know that he needs to reach young people -- and Instagram could be a beneficiary.
As competition from tech and payments giants mounts, PayPal plans to tightly integrate Honey's e-commerce deals services with its payments platforms.
Clearly, Wednesday was a day of broad portfolio distribution. Not, however, the end of the world.
There is no 'tech' in tech.
* Another yawner * The implosion of retail was a clear takeaway from the trading session. * Strength in selected financials. * Again, some cyclical weakness after a few weeks of strong action. * FANG was dull, but Facebook continues to be jiggy. * T...
Despite stories of questionable use of health care data, my concern with GOOGL is technical: We need a retest of $1,250 to $1,275 before we can move significantly higher.
Let's review the long-term bullish case for this FANG stock.
Our latest analysis and strategy for shares of the online payments company.
* The recent reduction in my social media stock exposure reflects the likely continued acceleration in attacks (legal, legislative and regulatory) on these companies as we approach the November 2020 election * The perception among investors of a mor...
Google's Project Nightingale exemplifies the headline risk facing big-cap tech names.
Another day in which the market bent a bit but didn't break: * At 3:30 p.m. market breadth is moderately negative (1,288 advancers, 1,677 decliners). * Bonds were virtually unchanged after the schmeissing last week. * Gold -$5/oz and crude oil -$0.3...
As I have recently warned, Facebook's shares look like they are rolling over.
A reminder that I recently: * (Reluctantly) pared back my very large positions in Citigroup , Bank of America and Wells Fargo to medium in size * Eliminated Facebook * Reduced from very large to medium in size in Alphabet and Amazon
* The market's highs were made early and the low was made late - demonstrating some exhaustion. * Breadth steadily decayed as the day progressed (At 3:30 pm 1330 advancers, 1630 decliners) See Bob Farrell's remarks on breadth! * The key feature of t...
A few weeks ago I sold my entire Facebook position. This week I have noted the renewed technical weakness. That weakness continues today. We all know the old trading adage, buy stocks that are green in a sea of red and sell stocks that are red in a ...
* A "snoozer" * Good overall action in the face of possible snags in the U.S./China trade negotiations. * But volume is light and programs mainly moving the markets. * Breadth almost flat and little movement in the Indices. * Gold rallied (+$8/oz) a...
The RMPIA's 3.8% jump even beat the Nasdaq Composite Index's 3.7% October climb.
Stemline Therapeutics and Entercom Communications seem to have stabilized after notable declines late in the summer.
Most of these names are smoke and mirrors, with the elusive profit objective often years away.
Here's how to get in on the trade if it can hold on a pullback to the Oct. 22; also if Facebook's price holds above $186, expect it to go higher.
Check out the charts of FB. You may like what you see.
If you are looking for the pain in this exuberant market it is in the names classified as technology plays with market caps between $5 billion and $100 billion.
A good third quarter is overshadowed by ugly guidance for the fourth quarter and beyond.
Hong Kong's economy was already suffering before this summer's demonstrations, but consumer businesses have been hit hard by five months of chaos.
Making money in the market is much more a function of trade management than market prediction.
The social media giant just signaled that its revenue growth won't slow significantly next year, as it continues better monetizing its stories services.
The market is throwing a Halloween sale right now that it doesn't need to throw, and that's an opportunity.
Strength in the two tech giants helped to offset poor action in hundreds, if not thousands, of stocks, as small caps lagged and breadth ran negative.
Jack Dorsey has sparked a strong debate among my clients and myself.