|Day Low/High||22.30 / 24.16|
|52 Wk Low/High||20.95 / 83.34|
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.
Wednesday's session was dominated by traders, algorithmic traders for sure, but traders nonetheless. The PMs mostly sat on their hands.
Here's why I would avoid the long side of the stock right now
Casual observers might not realize that real sea monsters live under the placid surface of the deep green oceans before us.
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.
* ARK bails on Twitter yesterday As I have mentioned I no longer own Twitter . Separately, ARK Invest sold about four million shares of TWTR yesterday -- in front of Thursday's earnings release. I don't expect a Snap -like (positive) report fr...
The metaverse is a forest while Meta Platforms is but a tree -- but a tree on which money still grows. For now.
Here's why I'm watching JD.com -- and what I think of what just happened on the market.
The extreme reactions to this week's earnings reports make trading at this time challenging, to say the least.
Plus, while market breadth stunk yesterday, it was on lower trading volume, which is an encouraging sign.
Twitter up huge on beat - sold some at $37. I also took off half of my at $3,190.
Here's how to approach Snap and Pinterest, without getting hurt.
The drop in the shares of Facebook's parent after disappointing results recognizes how overvalued the stock has been.
Cannabis is about the only space where I'm long, and that isn't for technical reasons.
Expecting recent trends to continue -- and not looking further into the past for parallels -- has driven a lot of questionable behavior in 2021 from both retail and institutional investors.
Money-losing companies, even those who have potentially good prospects, are becoming less valuable on an absolute basis by the amount of their losses.
Shares of the social media giant have produced zero net return since its IPO, yet it's a better company today than it was then.
This might not be the prettiest play as earnings just landed, but it could turn into a nice opportunity.
While labor shortages are a short-term problem for Amazon, Microsoft thinks they could be an opportunity.
After a rough few days, Snap Inc. appears to be getting some bets that the stock could pop.
Positive Mayhem? Let's look at the week that was.
To be successful in this market right now, the key is to find the sectors that are working and focus on stock picking.
But by day's end many names rebounded, even if the S&P 500 finished with a small loss that broke its winning streak.
The good news is that this rotation and choppy action helps charts develop for the weeks ahead.
JP Morgan lowers Snap price target from $90 to $73. Wells Fargo lowers Snap price target from $95 to $75.
In particular, there are fresh pockets of speculative action, thanks in part to Donald Trump's connection with SPAC Digital World Acquisition Corp.
It's great to be filling in again for Doug Kass at the Daily Diary. Friday. Friday. Friday. Hope you're ready. I know I am. Markets have turned for the better overnight as Evergrande delayed impending doom, despite semi-negative to profoundly negati...
Plus, Snap Inc. disappoints with its guidance as Apple lets users opt out of being tracked by individual apps.
The problem with trading a name like DWAC is that it sucks up a lot of energy.