|Day Low/High||23.86 / 25.57|
|52 Wk Low/High||23.25 / 157.83|
The stock of the fitness equipment maker has plunged over the last year but still doesn't provide enough of a margin of safety for this value investor.
NFLX may be able to maintain its prime position, but its crown appears not as safe as it once was.
Traders are becoming skittish as the late-day selling this week leaves them wondering where support will develop.
Plus, in a tough market the semiconductor sector takes a particularly hard whack to the head.
If Cisco was in a bubble back then, arguably Zoom's recent bubble was an even bigger one.
Fiscal and monetary policy is no longer unbounded and we're likely well past the points of peak economic activity and peak liquidity.
* The setup for 2022 is far different than 2021. * After a lengthy period of unbounded fiscal and monetary largesse we are exiting peak economic activity and peak liquidity * Sell strength and buy weakness? * The growth and narrow market performance...
Raymond James is out with comments warning that Peloton subscription growth forecasts could be weaker than expected: "While Peloton has done a number of things to drive demand including lowering Original bike pricing to $1,495 ($400 price cut at th...
Prices are up, stocks are celebrating, and I'm looking at investing clues from the greatest Michael Jackson album of all-time.
Money-losing companies, even those who have potentially good prospects, are becoming less valuable on an absolute basis by the amount of their losses.
The tech sector's tumble might have more in common with the events of 1987 than those of 2000/2001. If this proves the case, some buying opportunities are forming.
These fundamentals did not convince me to go out and get long the stock.
Stick with energy stocks, and realize that in the current no-yield world stocks are bonds.
Homebuilder Toll Brothers is sporting an appealing chart, while Teledoc Health and Peloton Interactive remain names to steer clear of at present.
Without a bottom formation, prices are more likely to sink still lower in the months ahead.
My view is to eat some leftovers, let the rest of the day play out, and come in fresh on Monday.
* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts "Last thing I remember, I was Running for the door I had to find the passage ba...
In the wake of Monday's tech rout, here are a few things I like about the tech sector at this crazy moment in time, along with a few things that have me concerned.
It was almost nice to be reminded that the saloon doors to the financial markets still swing both ways.
The rally in the pull forward group of stocks seems decisively over and the recent deterioration in the share prices of this group of stocks may continue. I was terribly early on this concept - I covered some of my favorites pull forward stocks lik...
What's making PTON shares crater today? People have simply stopped buying them.
The charts of the fitness equipment maker already were weak and are in for a battering on the latest news from the company.
Plus, we continue to wait with bated breath to see where Congress goes with President Biden's two big spending initiatives.