|Day Low/High||145.18 / 148.51|
|52 Wk Low/High||90.56 / 158.75|
Coronavirus scare in Asia is causing pressure, but U.S. markets refuse to embrace negativity.
Almost 200 companies are slated to report quarterly results, including 43 S&P 500 constituents.
The most important thing to keep in mind is that the odds that the market reverses and goes straight down from here are very low.
I have been among the most wary of China and its ability to change. I remain that way. But the U.S. got more than I ever thought.
Capex trends, chip demand and IT spending commentary are among the things to watch as dozens of tech companies report this earnings season.
Also: People's Bank of China, the Fed, U.S./China trade deal, Brexit, USMCA.
RealMoney's Eric Jhonsa offers some predictions for what the tech world will witness in the new year.
Despite pundits saying stocks like Facebook, Amazon, Netflix or Alphabet are heading for trouble, the reality is they're nowhere close to turning into the next IBM or Cisco.
I think AMZN could provide a good very short-term trade from the long side... this week.
While companies such as HPE, Cisco and NetApp are signaling that macro headwinds are weighing on their hardware sales, major software and public cloud players are singing a very different tune.
There is no 'tech' in tech.
EPYC processor revenue and unit sales jumping more than 50% have paced the way for AMD.
The stocks of many companies anticipated a more stringent series of tariffs and we didn't get them.
The Defense Department's potential $10 billion award for their cloud computing contract is a never ending saga with Microsoft and Amazon as finalists.
The GPU giant has steadily grown its addressable market, in part by creating end-to-end solutions that pair its chips with complementary software.
Let's look at the Japanese candlestick chart of IBM.
The majority of the S&P 500 stocks will report in the next two weeks. Focus on individual stock picking, but keep stops tight.
Ignore the macro arguments that are having no impact and focus on price action in individual stocks.
We have decent odds of a new 52-week low in IBM over the next few weeks.
The growth investment community is abuzz with the idea that the great growth story of the era -- software-as-a-service -- is at an end.
After seeing the idea raised -- and derided -- I found that the Dow has been over 27,000 twice this year and each time it did this....
Without danger of major macro news and with earnings landing, investors focus on merits of individual stocks once again.
I have the answer behind the conundrum that forces stocks up that should be going lower.
These stocks's earnings were 'not as bad as feared,' and here are some more names that pushed the NABAF narrative.
As we move into the meat of earnings season, technical conditions remain positive and there are indications of better stock picking in the small-caps. Stay focused on the price action.
As earnings such as those by Netflix and IBM land, investors are again shying away from momentum stocks and moving into value names.
The Fed is doing this right. Let me repeat... the Fed is not screwing this up.