|Day Low/High||27.61 / 28.62|
|52 Wk Low/High||17.25 / 36.00|
Let's look at Support.com, NFT craziness, Dell and others reporting Thursday, as well as the Invesco QQQ.
I could be wrong, but as far as I can tell, nobody else is telling the story about the sudden movement in these yields.
The Russell 2000 is now down not just back-to-back sessions, but six sessions in the last eight with all six of those "down" days having given up 0.9% or more.
This is the time to stand aside and let the pullback transpire.
Nvidia signaled that it expects very strong second-half server GPU demand, while Salesforce was eager to talk about the long-term impact of remote work on its business.
I want to start with a blank slate, or a blank face, devoid of blush to find out what's really going on.
Because unlike almost any other companies in the world, they get the benefit of the doubt, and they deserve it.
I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
The tide might eventually turn in 2021, but chip demand looks poised to remain strong at least for the next few months.
The charts of the maker of printers and computers suggest there has been fresh buying of its stock of late.
Beyond the impacts of the pandemic, the political environment and its impact on potential policy have taken center stage.
Equity markets have run wild since Oct. 30, and it is the more economically sensitive indices that have really taken flight.
For now, consumer spending on notebooks, games, streaming services and a slew of other tech products and services isn't letting up.
If financial markets any indication, a lot must be expected from Fed Chair Powell Thursday morning. Plus, two guys to never bet against.
Earnings reports continue to outperform, but can this support equity markets at these levels now?
Plus, the market has bad breadth and PC and operating system makers should benefit from virus-inspired home-based schooling.
While some growth stocks have been bid up to extreme valuations, others could look intriguing if markets see a meaningful downturn.
* Market breadth has been shrinking all afternoon (at 3pm less than 100 more advancers over decliners). * Oil up a beaner to $23.72/barrel. * Gold down small. * Bond yields +2 basis points. * and FAANG experiencing some strength - but not impressive...
The maker of PCs and printers is seeing accumulation in its shares based on a key chart.
Rising U.S.-China tensions continue to weigh, but new home sales and stalled continuing jobless claims may be positive catalysts.
Among other things, HP has responded to Xerox's hostile bid by unveiling a $15 billion buyback program and signaling that it's open to other M&A transactions.
What boggles my mind is DocuSign sitting out there at $15 billion that could work well with HPQ - or Xerox - and their strong free cash flow.
I did look out three months to see if there was maybe an intelligent way to play this name through the options market.
HPQ looks constructive into earnings but could weaken with the broader market decline.