|Day Low/High||183.00 / 187.20|
|52 Wk Low/High||161.67 / 202.26|
I do think that the Fed is on the case. I do not think that the Fed is as late as so many seem to.
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.
Markets are pricing in some fiscal policy, but it's not what a lot of pundits think.
An ETF should be the sensible way to access the supercharged growth potential of alternative vehicles, with China by far the most-promising market.
There probably will be an intense period of market volatility that could stretch farther out than even I projected a couple of months ago.
What if Beijing plays the power game with foreign firms reliant upon Chinese revenue, Chinese labor, or simply Chinese economic growth?
Also, there's reason to turn J&J's one shot jab into a two shot vaccine just like the rest.
This fabulous group is a ball of confusion until you look where they come from.
Can you buy Tesla, Spotify, Zoom? Each is a different story, so let's look at tech stocks and how they're moving as we go into the reopening.
The US Ten Year Note has been on the move, and the US Dollar Index has also been climbing overnight.
With the economy apparently growing robustly, the Fed has to watch how the president's plans play out in terms of the size and scope of deficit spending.
As a trader who at times takes short positions, I don't know whether to stand up and applaud this group or to fear them.
I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
Buy the best and leave the rest to those who don't know better.
While Intel stumbled, other major chip developers and manufacturers have been generally upbeat amid strong end-market demand. And M&A activity is on the upswing again.
After years of being losers how did everything auto catch fire? Simple: the darned pandemic.
Demand for PCs, tablets and gaming hardware all still look quite strong. And smartphone sales are gradually picking up.
Here's when you make your move and start buying.
But there was some good news under the mess.
Monday showed some signs of not just profit-taking, but some risk-off behavior by professional managers. What gives? Why now?
This is what's known as a positioning week, and starting Monday you're going to hear a ton of things.
While valuations are clearly very high for many tech names, investor euphoria might not go away until news flow meaningfully worsens.
The GPU giant could see value in ARM's large mobile footprint and budding server CPU efforts. But a deal would also present some challenges.
As TXN trades lower on Wednesday following its earnings report, let's see what the charts and indicators say.
The analog chip giant topped estimates and issued above-consensus guidance. But it also cautioned that macro pressures might take a while to go away.
Monday's rally might have been ugly, except that this is 2020. Anything goes in 2020.