|Day Low/High||43.38 / 45.20|
|52 Wk Low/High||7.89 / 47.27|
This year has probably created long-term changes in the adoption curves for things such as e-commerce and gaming.
I'm not impressed by the markets' moves and they could easily foil even the best plans -- but here's how to position yourself.
E-commerce advertising remains strong, and it looks like brand ad spend rebounded sharply as Q3 progressed.
If a tech company can sell a narrative of runaway long-term growth, it's getting richly rewarded. But if the narrative starts getting questioned, things can turn ugly in a hurry.
* The technical and fundamental signposts could be spelling near term problems ahead * Yesterday I moved to a medium-sized short exposure - adding to and initiating more short positions * I have a negative short and intermediate term market view "A...
Several sessions over the past 10 days have seen increased trading volume at the NYSE, but not the Nasdaq, and for the S&P 500, but not the Nasdaq Composite. Is this professional risk reduction?
The S&P 500 has made a weak close on six of the last seven days.
Just take the three most obvious letters in FAANG -- Facebook, Apple, and Netflix -- they were all ideas from my children.
Traders have to know not only if one of their holdings is reporting, but also if an influential name in the sector is reporting.
I expect the indices will jump around again soon on news about fiscal stimulus.
* SNAP's extraordinary top line results bode well for Twitter and its shares I have long felt that Twitter has an unusual platform - one that can not easily be duplicated. Yesterday, with the great Snap results (SNAP shares were +$6.70 in pre-mark...
There has been a steady diet of "good" stocks, although they can shift quickly and require vigilance.
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/...
Monday showed some signs of not just profit-taking, but some risk-off behavior by professional managers. What gives? Why now?
Let's look at the three main ways stocks can go up, and which of those we're seeing in action right now.
Here are trade setups for Snap, which looks like a great opportunity right now, and Facebook
SNAP is one of the few stocks that isn't stretched over the past few months.
With SNAP and PINS we can't predict what's going to happen, but with a watchlist, we can say, 'if this happens, then I'll respond by doing that.'
I'm on the sidelines, but SNAP and DD are intriguing.
While valuations are clearly very high for many tech names, investor euphoria might not go away until news flow meaningfully worsens.
TikTok could give Microsoft the kind of large-scale consumer mobile footprint it has wanted for years. And Microsoft in turn has some assets that TikTok could find useful.
Monday's rally might have been ugly, except that this is 2020. Anything goes in 2020.
If you aren't ready to continually hunt down your next big kill, momentum will eventually drag your portfolio into the depths along with it when it ends.