|Day Low/High||150.17 / 151.96|
|52 Wk Low/High||91.38 / 167.44|
IBM beat expectations and the complexion the overnight mood changed. But will the mood change hold?
* But, getting long slowly Long in and now. Small-sized - at $64.65 and $146.34, respectively.
Let's look at reasons why these big names don't get as much love from the WallStreetBets gang -- and why I'm burning to talk about pot.
Instead of fixating on stocks like the banks, look at what really matters: how darned rich this country is.
Here's how I'd trade the stock after the bank's latest earnings.
How these money managers get away with this duplicity is incredible. They skate by criticism as if having your cake and eating it too is second nature.
The "pros'" initial response to the JPMorgan Chase and Goldman Sachs EPS reports were dead wrong.
However, we await with bated breath what Fed Chairman Jerome Powell will say before Congress this week.
Traders are looking for an edge, but there just isn't enough volatility to do much.
My cost bases, in premarket trading, on the JPMorgan Chase and Goldman Sachs short rentals are $157.63 and $383.90, respectively.
I took a small short-term short rental in JPMorgan Chase at $157.16 in premarket trading. More coming.
Perhaps a bigger deal Tuesday morning than second-quarter banking earnings will be the June data for consumer prices.
Stocks slowly improved most of the day and closed well off the early lows, but biotech and some of the 'shutdown' names lagged.
The tug of the futures gives you phenomenal prices you don't deserve. Let me show you what I mean -- and why the early bird gets the bargain.
The company reports earnings this week. Here's our strategy.
Plus, the chart of Tesla indicates it's time to be wary if you're in the stock at present.
Searching for a theme, the market can't seem to decide if it wants higher or lower interest rates.
Plus, quick looks at Tesla's car deliveries, Amazon's CEO change and Didi Global's post-IPO downdraft.
After five days, the nastiness that is allocation through high-speed algorithmic selection (profit-taking) returned to the fold.
We see increasing rates as a positive tailwind for the future growth of these names.
But I never had anything definitive until Monday when Jamie Dimon was interviewed about the financial tech competition.
The public seems to have resigned itself to dealing with a greater degree of inflation for longer than anything I would have considered to be 'transitory.' The again, the public is often as wrong as the Fed.
Let's see what makes an 'aisle' of stocks hot and what makes another messy -- and what I'd suggest you put in your cart.
We're seeing a good supply of strong stocks, despite the moves in the major indexes.
* This leading market sector (late 2020/first half 2021) is now vulnerable to an earnings disappointment * Both trading volume and net interest margins and income will likely miss previously forecasted levels Comments this morning by JPMorgan's Jam...