|Day Low/High||482.00 / 495.14|
|52 Wk Low/High||266.63 / 575.37|
The big issue looming over the market isn't earnings or stimulus but whether the election is going to be as chaotic as many fear.
Just take the three most obvious letters in FAANG -- Facebook, Apple, and Netflix -- they were all ideas from my children.
There has been a steady diet of "good" stocks, although they can shift quickly and require vigilance.
There is a presidential debate on Thursday. The market is being forced to adjust for renewed potential uncertainty.
A lot to discuss -- the markets' reasonably large drop from the day's highs, Netflix's very weak subscriber adds (and $32/share drop in the after hours), Snap's good usage numbers (and its salutary impact on Twitter's shares after the close (up $3/...
But there was some good news under the mess.
ROKU is up about eight-fold from its late 2018 low around $30.
There are bearish technical signals that indicate prospective buyers might want to wait for a pullback in the shares of the streaming giant.
Let's review the charts and indicators.
The market remains skeptical about the potential for a deal and that makes it dangerous to chase momentum right now.
Monday showed some signs of not just profit-taking, but some risk-off behavior by professional managers. What gives? Why now?
* After fine tuning and doing some trading (back and forth) on Monday, * I am emboldened to short strength over the near term * My targets are a package of high-beta stocks (Apple, Netflix, Facebook) and homebuilders In yesterday's, "Yell and Roar a...
* Just a little bit of fine tuning! I decided to cover my short rentals in Netflix , Apple and Facebook -- put on Friday afternoon -- near and after the close of trading today. (They generally served my purpose.) In addition, I took in a small a...
It might be like cold water in the face to think that earnings don't matter. But these stocks have detached themselves from all metrics.
"Investment wisdom is always 20/20 when seen through the rear view mirror." - Warren Buffet The more Fin TV I watch the more I believe that "first level thinking" is providing shorting opportunities in a number of stocks of companies that have push...
On this morning's strength I have moved to medium-sized in the following shorts: Zoom , Carvana , Apple , Netflix , and Facebook .
* Apple, Facebook and Netflix are new short names In case you missed it - I put on three new shorts on Friday afternoon. Apple , Netflix and Facebook are the new names. This makes six individual stock shorts -- , and are the others.
Despite several big-picture worries, the price action remains quite positive as we head into the meat of earnings season.
I made some moves this afternoon: * I added to my and shorts. * I initiated new shorts in Netflix , Facebook and Apple . (I want some short beta in my book.) Thanks for reading my Diary today. I hope it was value added. Enjoy the weekend. Be safe.
Keep an eye on comments shared about Q4 demand trends, movie licensing activity and the expected 2021 impact of production halts.
It is unproductive to miss out on the current positive price action because you instead are focused on what may happen weeks or months from now.
There is an opportunity to buy some of these names at a discount to their highs, with Amazon presenting the best bet.
One day after deciding that we still could not confirm the market's uptrend, we are forced to ask the opposite.
The RMPIA rose 13.8% during the quarter, leaving it up just shy of 29% on a year-to-date basis, thanks to performance by CRM, AAPL , NKE and TMO.
* Wall Street, not Main Street Walmart , Target , Costco , Amazon , Netflix , Facebook , etc. -- these are the winners in the battle against Covid-19. As a addendum to Rolf's comments earlier this morning in our Comments Section - it is important ...
There is only one fact that truly needs to be understood. The virus is still in charge until it is not.
The deal drives home how strategically important gaming is to Microsoft right now. But there is one big unanswered question.