|Day Low/High||2,788.10 / 2,973.00|
|52 Wk Low/High||1,508.48 / 2,925.07|
This sort of inconsistency is nothing new, but it presents an incorrect picture of the market.
The Indices are being held up by a handful of stocks, e.g., , , and . The rest of the market appears to be breaking down: * Banks weakening in the face of lower interest rates. * Leisure and telecom awful. * Industrials are spitting the bit. Examp...
We answer questions on UPS, Lockheed Martin and Nvidia.
This serves the purpose of letting stocks rest before they embark on the next step in their journey.
Goldman Sachs' take on Alphabet (I generally agree, reaction of shares in line with my mention earlier): We expect the market to have a muted (but positive) reaction to Alphabet's Q3 '21 earnings report as total revenues, operating income (both Ser...
But much of what we have is just routine volatility and not a major shift in market action.
Good numbers at Google and Microsoft . Big miss top and bottom line at Robinhood .
I will be going into both Amazon and Google's earnings but with subdued expectations for the stocks. Given Facebook and an extended market to the upside, the setup is suboptimal for a long trade, in my view. I would be a buyer on any substantial wea...
The indices are dealing with overbought technical conditions as earnings reports hit and speculative trading gains traction.
Markets are pricing in some fiscal policy, but it's not what a lot of pundits think.
To be successful in this market right now, the key is to find the sectors that are working and focus on stock picking.
Next Week (Selected Macro) Monday AM: PM: Tuesday AM: , , , , , PM: , , , Wednesday AM: , , , PM: , , Thursday AM: PM: , , Friday AM: , PM: none Next Week (Selected Macro) Monday: Dallas Fed Manufacturing Index Tuesday: Case-Sh...
In particular, there are fresh pockets of speculative action, thanks in part to Donald Trump's connection with SPAC Digital World Acquisition Corp.
Plus, Snap Inc. disappoints with its guidance as Apple lets users opt out of being tracked by individual apps.
Alphabet and Amazon -- I own both for the "long run", along with some other growthy names that are now at their lows for the day. I suspect the accumulated rise in interest rates over the last week could be responsible. I have added to my short.
Equities did close almost sharply lower than where they had been early on Thursday afternoon. You do want to see how this looks on a chart.
* Time for some more "second level thinking" * Should supply chain disruptions persistent, which I expect, digital ad spend will likely disappoint * EPS results over the next few quarters for a number of large tech companies could be challenged - so...
I have added to Alphabet and Amazon at $2700 and $3198, respectively, in premarket trading.
RMPIA for the September-ending quarter is up .2%, outperforming most of the major market indexes. Let's dig in.
RBC joins the party. Shares of Amazon.com , Alphabet and Facebook were initiated with Outperform ratings at RBC Capital Mkts.
I added to Amazon at $3,306 and to Alphabet at $2,688. I shorted Netflix at $608.32.
* VIAC trades at only $40/share compared to a 'sum of the parts' value of $75/share * Viacom's operating results in 2022-23 will likely exceed consensus expectations * With a 12-month downside of only about -$3/share and upside of at least +$25/shar...
My largest position is Viacom . Despite my analysis that a deal with Comcast is increasingly likely (albeit in late 2022/early 2023), my Gnome, high above the Alps, has been hearing that a large technology company (I'm guessing Apple , Google or A...
Companies don't become best of breed unless they are the best in everything they do. Facebook hangs in the balance.