|Day Low/High||2,904.55 / 2,950.62|
|52 Wk Low/High||1,694.00 / 3,019.33|
* I have covered my entire large bond short ( is down by another -$2.80 today) - I plan to reestablish the short on any TLT strength. * Reduced speculative from large to medium-sized. * Eliminated my large long (the shares have moved from the low ...
I don't expect a break up to be announced anytime soon. If that were to happen, I'll add at least $300 to my target price. No joke.
Limited switching costs and competition from deep-pocketed tech giants haven't stopped Zoom from significantly outpacing rivals.
Nineteen Sixty-Eight was often considered to be one of the most turbulent and traumatic years of the 20th century in the U.S.
We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...
* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...
Let's take stock of who's likely to come out ahead in this winner-take-all marathon.
Retail investors have been outperforming hedge fund managers and institutions, though the verdict is still out on whether the party will last.
* Banks +8% as growth is in the red on the day * Given the overweighting in portfolios, exchange-traded funds and jndexes of Microsoft and FAANG stocks -- a relatively small disintermediation could fuel banks and other value names. * Sell in May an...
Predicting a pivot from growth to value after a decade of the contrary is a tough task. But I am focused on the developing possibility. Today (in FANG terms), Facebook is up by one +1%, Amazon is barely higher, Netflix is under pressure, and Alphabe...
GOOGL has made an impressive recovery since the middle of March.
As State economies begin the slow process of reopening, the Fed is there to support market function. Facebook's latest e-commerce foray has investors cheering.
Video gaming has been a beneficiary of the 'stay-at-home' theme during the Covid-19 pandemic.
Search is still by far Google's most profitable business, and antitrust charges aimed at other parts of Alphabet's empire likely wouldn't have a major profit impact.
Let's step back and look at this market that has abandoned all sorts of safety and went all in on the stocks of companies based on the Fed's words and a promising Moderna study.
I would be a buyer of a call spread in this ETF.
There are many factors in play and the deal could be scuttled by the Justice Department.
* The bears' skepticism (and cautious market positioning) coupled with their collective cynicism towards medical and scientific innovation, and the inevitability of the curve's flattening along with an "all in" Fed, have fueled the market recovery f...
* I am watching closely for a change in leadership and a pivot from growth to value * A skeptical view of a bifurcated market led by a handful of high growth stocks (FAANG plus MSFT) that have done the market's heavy lifting * Reviewing the attribut...
The Chinese tech giant saw gaming, streaming and social media activity spike in Q1. But it also cautioned that activity has been 'normalizing' since March.
We can't wait for a vaccine, but we can follow logical guidelines for staying as safe as possible, helping us avoid another Great Depression.
As we look at why the S&P 500 is stuck in its narrow range, we see every retail investor and trader chase the same basket of names higher, edging closer to a technical point where the market could lose its support.
* Big picture changes loom on the investment horizon * Many of these paradigm shifts are disruptive and market unfriendly * There will be some industry winners (healthcare/biotech, internet, packaged foods) but many industry losers (hotels, airlines...
While this experiment is still inconclusive, it's still nice to see both groups of triple nets outperforming.
I unintentionally neglected to post that in a managed account I have a very small position in Alphabet . Mea culpa. Google resides in a taxable account and I have no current plans of selling this small position.
The Old Gray Lady still has a spring in her step.
Besides the earnings beat (which looks clean), the most important factor in the ViacomCBS release is the expanded distribution agreement with Alphabet . I continue to believe that VIAC is a logical fit with a number of companies - including Google...
If one of the 'Big Five' lets go of their side of the rope, this market could turn ugly fast.
SMAR is one of the few names not releasing earnings right now, and appears an attractive play.