|Day Low/High||30.42 / 32.32|
|52 Wk Low/High||17.80 / 96.03|
Layoff news from UAL is another reminder that things are not so rosy for the airlines.
Good morning everyone, once again I have the pleasure of sitting in for Doug on the Diary. I'll do my best to be value added when and where I can, and I hope we can have some fun along the way as well. A few things to get us started before I refill ...
Financial markets have been warped by policy, which has severed price discovery from underlying economic performance.performance. Know where the exit doors are along the way.
Break in! There are a couple of possible reasons for the market's selloff from the highs: *Maybe this Fed headline started it... "We have slowed the pace of [corporate bond] purchases, from about $300 million per day to a bit under $200 million a da...
Is it time to go now? Well, it's never a bad time to protect oneself when one sits upon large profits in any market.
Do you know what a company does, does it do it well, and is there anything going on that could change the trajectory?
Are equity markets still in a confirmed uptrend? It depends on which index you look at.
The airlines and cruise companies are falling back down to earth, and here's why they started to take off in the first place.
You buy stocks of secular growers, the ones that have particular engines developed by themselves that allow them to fly into headwinds without a problem.
I have always felt right or wrong that LUV was better managed than maybe were some other airlines.
Something's very wrong here. I don't know how this can be. But it is happening and it seemingly can't be stopped.
Nasdaq had some of the highest volume I've seen at 6.2 million shares -- care to speculate what that tells us?
So what's the narrative? Simple: the recession is ending, it turned out to be a V recession and recovery after all.
Let's step back and look at this market that has abandoned all sorts of safety and went all in on the stocks of companies based on the Fed's words and a promising Moderna study.
The market itself may be ignoring the realities of its weakest players.
Market leadership may be lacking on Thursday despite rising trading volumes, plus an update on Apple, Microsoft, Mastercard, Amazon and Gilead.
Maybe it ends up being a small price to pay to avoid a depression.
Beyond energy markets and the potential for ancillary fall-out, the S&P 500, and this may be more important from a technical viewpoint, failed to hold that 50 day SMA.
Oil isn't really worthless and Amazon isn't the only retailer that will survive, but we are in a mixed up market thanks to Covid-19.
More than 450 quarterly reports are on tap, including 105 S&P 500 constituents.
Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.
I did warn publicly back in another epoch that quantitative easing would lead toward increased consumer level inflation.
Now that the service economy is pretty much stopped in its tracks, here are promising areas, including technology as manufacturing, to consider.
When the central bank is on top of their game as they have been of late, credit must go where credit is due.
These names are showing both technical and quantitative deterioration.
The picture looks even grimmer for American Airlines , United Airlines , Delta Air Lines , Jet Blue , Hilton Worldwide , Hyatt Hotels and others in the travel and hospitality sectors. The unprecedented 30-day travel ban from Europe is the latest bl...
Would love to know if Warren Buffett is adding here, or keeping his powder dry. Would simply love to know.