|Day Low/High||267.19 / 275.90|
|52 Wk Low/High||273.20 / 588.84|
On with September, the market's historically worst month
Zoom Video beats on the top and bottom lines, but delivers weak EPS guidance. ZM is trading down $15/share in the after hours at under $325. To me this is more evidence of pulling forward sales/profits. We placed ZM on our "Best Ideas List" (short) ...
The firm that has kept businesses in business during the pandemic reports after Monday's close.
While all cyclical equity sectors did well, last week's push into more economically sensitive equities was indeed led by the energy sector.
Investors come into this week with 'all eyes' on the Kansas City Fed's economic symposium come week's end.
Let's look at setups in Upstart Holdings, Palantir and Zoom.
No, it wasn't Robinhood or the mega-cap tech companies, it was names we depend on like Carrier Global.
Their earnings were a blowout but it's too dangerous to short the name.
Let's see if we can have some follow through in Zoom and Micron this week.
With the Slack acquisition looming, earnings approaching, delta spreading, and work-from-home lingering, now's no time to have your head in the clouds ... or ... maybe it is, actually.
A number of the shorts on my Best Ideas List are getting schmeissed today: * Tesla was placed on the List at $688 on 6/29/2021. Trading at $664 and down $5 today. * was placed on the List at $238 on 6/1/2021. Trading at $172 and down $7.70 today. * ...
It's being played out in every single amazing little town in America: wealthy people descending on a bountiful area that simply can't handle it and very strange things happen.
A few big tech names nudged Nasdaq into the green, but breadth sagged and so did the Russell 2000.
These companies were counted out way too early in the post-pandemic environment and the sellers are experiencing some real regret.
I'm not looking to play either as the delta variant makes for an uneasy market, but here's what I am looking at right now.
It happened around May 12, but strangely, it's finally being talked about and noticed right now.
It's unusual to find a growth stock with the potential for revenue increases that's already making money.
The stock has suddenly come alive, and may have considerable upside from here.
But the equity is too risky to invest in ahead of Thursday's earnings numbers tonight.
I think that there will be a backlash against remote work as if it were a bad memory.
As mentioned in my previous column, there are so many crazy things going on these days. Stocks finished near the day's lows but breadth was exceptional. After the close, Zoom beats and guides higher but the shares are lower. (ZM is on my Best Ideas ...
Seasonally adjusted data, always suspect, has never meant less than now, when there really is no historical comparison -- to anything
Nvidia signaled that it expects very strong second-half server GPU demand, while Salesforce was eager to talk about the long-term impact of remote work on its business.
With vaccination levels rising and COVID-19 restrictions continuing to ease, these companies are poised to benefit.