|Day Low/High||43.68 / 45.19|
|52 Wk Low/High||33.87 / 136.50|
The constituent companies included in the top heavy large tech exposure of the Nasdaq have recently and clearly exhibited a demand pull forward that makes revenue and earnings expectations a challenge in the quarters ahead. The market is littered w...
Ever hear of the Cleveland Fed's median CPI? Trust me, every kid sitting at the FOMC table is glued to this indicator.
I wouldn't take this if I were heavy tech or nearly fully invested right now.
* The attractiveness of Coinbase Speaking of ARK Invest, the ETF complex has purchased Coinbase on nearly three-quarters of the days it has been public. All transactions below are dated May 20: FUND Direction Ticker CUSIP Name Shares % of ETF ARKF ...
A trader needs to go where they have comfort, especially if buying shares.
The charts of FSLY have improved the past four weeks or so, but here's the catch.
The acceptance by corporate America and the rest of corporate earth certainly makes knocking bitcoin off of its pedestal more difficult.
While earnings season has mostly yielded good news from tech companies, markets are clearly starting to become more uneasy about high valuations and macro risks.
I'd keep my eye on strength outside of earnings, and CRSR has been strong.
If a tech company can sell a narrative of runaway long-term growth, it's getting richly rewarded. But if the narrative starts getting questioned, things can turn ugly in a hurry.
FSLY has incredible upside skew, meaning calls are super expensive relative to at the money options.
Traders have to know not only if one of their holdings is reporting, but also if an influential name in the sector is reporting.
I'd give some time to a SCCO trade and go out to December or January with a $50 call.
It is unproductive to miss out on the current positive price action because you instead are focused on what may happen weeks or months from now.
Opportunity flowed like honey as bad news came out about the pandemic, stimulus and stocks like Fastly, but still no traction for the bears.
Fastly is a good example on how post-earnings reactions/performance may be 'leveraged'.
I don't think it's time to step in and be brave unless speculation is one's game.
So far we've seen rather healthy consolidation, but the negatives are gaining more traction Thursday morning.
Fastly's big run-up in the weeks prior to its warning is a cautionary example of how many tech stock moves have had little to do with an informed analysis of a company's fundamentals.