|Day Low/High||167.34 / 176.87|
|52 Wk Low/High||135.43 / 346.47|
We ran, we ran all night and day... right back into U.S. Treasury securities, once again flattening the curve.
Here's what I'd look for NVDA to do in the days ahead.
In a blow to the bulls, AAPL and MSFT surrender to the inevitable, as Chief Powell aims a bazooka at inflation.
As the Fed tries to steer the smoking U.S. economy into a soft landing, many funds have been reduced to cyber rubble. But we can find some working -- or workable -- parts amid the rust and embers.
It appears to me that , and are being used as an ATM (a source of funds) for institutional investors who need to liquidate larger amounts of funds quickly.
Favorites like Apple, Microsoft, Tesla, and Nvidia were hit the hardest in the tough action.
Following their recent selloffs, two of these major chip developers arguably present compelling risk/rewards.
Plus, we take a revealing look at the movements in the yield curve and pop in on the dismal charts of Shopify and Peloton Interactive.
The environment for chip stocks is undeniably tough. I'm a believer in an almost permanent state of demand for everything this industry does.
Markets will either confirm or deny Monday's bullish reversal this week. Traders are already up to their eyeballs in water snakes and alligators.
It isn't easy to stick with the trend, but it's usually the wise thing to do.
After the odd rally on Thursday that followed a negative GDP report, let's check on three big tech charts to see what stock investors might expect under the hood.
* I am neither a Perma Bull nor Perma Bear - I am a value investor who has at my core the marriage of a contrarian and a calculator * I am now less bearish as the markets, and falling share prices, have begun to discount my concerns * Selectively bu...
One positive takeaway last week was the very low trading volume for Nasdaq-listed stocks in aggregate and for constituent names of the Nasdaq Composite.
* On Thursday the markets suffered a heart attack * Machines are unemotional, human beings are full of emotion * Carnage in the hedge fund community and algos likely were important contributing factors to Thursday's marked reversal The S&P 500 Inde...
* Outside day to the downside in the Russell Index. * Uninspiring breadth relative to the near 60 handle rise (at the top) in the S&P Index. * Blackstone was +$6/share on big earnings beat, now -$2/share. * Sharp intraday reversal in growthy tech na...
These names have reached a point where a key technical level will either hold or break.
Nearly all the stocks that make up the VanEck Vectors Semiconductor ETF are below a key moving average, and that doesn't signal strength.
Here are some negative signposts regarding this morning's rally: * Microsoft is only +$1 - giving up $4.5/share from the early morning highs. * and also down on the day. * Alphabet barely ahead. * As I mentioned, (bonds) are not holding the gains. ...
The march toward positive real yield territory has put the whammy on equities, primarily on tech or "growthy" type stocks that have run at higher valuations.
*In today's wild, wild rotation out of technology! "Those nerds are a threat to our way of life." - Stan Gable (Alpha Betas' fraternity star quarterback), Revenge of the Nerds Revenge of the Nerds was a movie released in 1984 that chronicles a gro...
Upside - +135% (Hoth Therapeutics mRNA Frame-Shifting Therapeutic, HT-KIT, proves effective against aggressive cancer cells) - +30% (confirms to be acquired by Thoma Bravo for $65.25/shr in cash valued at $6.9B) - +29% (Novel COVID-19 drug candidate...
I like AMD in terms of valuation and leadership. Can the stock still come in? Of course it can.
Tech might not truly be leading markets vertically, but it is certainly leading investor behavior in a more horizontal fashion.
* Growth stocks have led the market's relatively narrow late-March advance -- reminiscent of last year's top-heavy performance * As in 2021, I expect this to end badly I contended -- in yesterday's opening missive (There is Downside Risk to Econom...
Impacting today's trade will be the forced flow of capital related to pension funds, on top of the usual window-dressing that comes with quarterly round-ups.
I just covered my small trading short rentals in $312.74, $275.68, $230.20 and $176.93.