|Day Low/High||168.50 / 170.92|
|52 Wk Low/High||166.93 / 215.43|
We are all struggling to figure out when this rout ends.
Pence's speech over the weekend showed no signs of easing tensions with China.
The perception of the majority right now is quite negative.
You must hear Nvidia report a good number and you need to hear that Applied Materials won't slash its 2019 forecast.
In reality people just want to get out because they fear they will lose their shirt.
The upcoming shopping season could be a strong one for many retailers.
You need to use the vicious selling to look for stocks that are being stuck even as they shouldn't be.
The decline in Macy's shares after a strong earnings report could signal a buying opportunity for investors.
Estee Lauder's build in of 25% tariffs is the most cogent way to think about 2019.
I think we have to change the storyline here.
Yesterday in my Diary I warned about a negative response to Home Depot's earnings. HD shares, which raced +$5 in premarket trading is now down by -$6.
The never-ending strength now seen in the dollar is causing the most pain in U.S. markets.
What you need to know about Home Depot.
Since mid-September, Home Depot's shares have fallen from almost $212 to $181. I would not be surprised if Home Depot issues cautionary forward comments about the next quarter (and for the next 12 months) in its premarket earnings report tomorrow mo...
What you need to know about the heightened competition in the home improvement business.
From a valuation standpoint, HD is not particularly expensive.
What does a trader do? This one is not so easy.
A shaky housing market is tempering Wall Street optimism on the retail giant.
The home improvement giant could surprise on the upside, but the bigger risk is if Home Depot closes below the April and October lows.
* Bob Nardelli, Home Depot (2006): "Comps don't matter." * Eddie Lampert, Sears (2007): "Comps don't matter." * Tim Cook, Apple (2018): "Units are less relevant to our business."
Uno MAS please. Masco shows how a company can fly on bad news.
Caterpillar shares crawled downward on Tuesday.
The stocks that performed well were the stocks that you would reach for in a recession.
Without a new base pattern a bounce is likely to fail.
There's still too much greed and complacency and not enough fear or panic.
* Wednesday's stock action was revealing - And, to me, possibly haunting * Too many are drawing a straight line from an oversold market to a resumption of the Bull Market * The bond vigilantes are likely back... for good * The new regime in volatili...