|Day Low/High||1,567.26 / 1,651.18|
|52 Wk Low/High||211.00 / 1,794.99|
Both Apple and Tesla are chopping shares into pieces, which will let individual investors have a shot at buying them.
Let's take a look at Travelzoo, Gogo, and Trip Advisor, and see which one I favor, and why.
TSLA should announce another 5:1 stock split today and rise another 8%. And again tomorrow, and the next day — zerohedge (@zerohedge) August 12, 2020 I shorted and placed Tesla on my Best Ideas List (short) at $1642 only three weeks ago. (I covered...
It is going to take more than one late-day selloff to change the character of this market.
Plus, quick looks at Joe Biden's VP choice, the latest on the Covid-19 vaccine front and Tesla's stock split.
React as conditions change rather than to try to anticipate them.
Their upside may mean more limits to the upside of other players in the market.
This week I covered all of my individual shorts with the exception of Caterpillar and Apple (which I retained for the purpose of reminding myself how stupid I can be at times). Shorts that I will likely soon wish that I hadn't covered this week in...
There is risk of fireworks and price squeezes as the stock market prices in the best of our current scenario, and the Treasury market prices in the worst.
* History rhymes "When the little blue clock in the middle of his work Sings a song to the moon up above It is nature that's all Simply telling us to fall in love And that's why birds do it Bees do it Even educated fleas do it Let's do it, let's fal...
Liquidity, FOMO and a short squeeze are driving market action.
* It's the mother of all short squeezes (part deux) * Does he live under water? "Yeah, like Bizarro Superman, Superman's exact opposite, who lives in the backwards Bizarro world. Up is down, down is up, he says hello when he leaves, goodbye when he...
In less than an hour we will end the week, which also shuts the book on July - are we really one-third of the way through the current quarter already? Despite the mixed performance this week that saw the Dow trade off modestly, the S&P 500 inch hig...
Huge earnings news and economic reports will drive the indices while aggressive speculative trading continues in smaller stocks.
Morgan Stanley analyst Adam Jonas raises Tesla's price target to $1,050 from $740 with a bull case target of $2,500. Also, Piper Sandler upgrades Kraft Heinz to overweight with a price target of $39.
Selling is broadening and speculative trading is narrowing, but it's tough to read too much into either yet.
In a 'normal' recession, these would be real losers -- but right now? They look like numero 'UNO'.
And there is a particular Brazilian ETF that is worth exploring if you want to take advantage of rising commodity prices and the falling U.S. dollar.
Precious metals reverse on a strong dollar, which should trigger some rotational action.
Hyliion via SHLL appears to be the more attractive risk versus reward.
Some form of fiscal compromise is widely expected, but I see three risks.
Monetary policy, fiscal policy, and major earnings news are all on the docket.
What has changed significantly has been the value of the U.S. dollar relative to peer currencies.
Will next week bring a resumption in technology leadership, further rotation, or broader selling?
It's probably time to start paying more attention to Nikola. And watch Tortoise Acquisition and Spartan Energy.