|Day Low/High||364.00 / 382.42|
|52 Wk Low/High||70.26 / 588.84|
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.
If Wall Street snobs actually went to Walmart, they'd know you can't stop the American consumer who's got a clean balance sheet and is yearning to get outside.
Another reason to get to the gym and eat better... Alphabet/Google is working on a video-calling booth that uses 3D imagery and a 3D display to create a lifelike image of the people on both sides. More on that here, including a demo and it looks lik...
Let's unravel the opportunities awaiting with Hanesbrands.
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.
From my perch there is little to "like" about the market over the last few days. (Remember... tops are processes, bottoms are events.) A number of individual stocks look dreadful -- even "beast mode" Amazon is down about 12% from the recent after-ho...
Physicist Zeng Yuqun has ridden a 169% jump in shares of the electric-battery maker he founded to top spot on the Hong Kong rich list.
Good morning folks, we've got a full day of earnings reports as well as a modicum of economic data on tap. I'll be your cruise director today, and yes, that is a slight nod to The Love Boat, which ran from 1976-1985. Some of the earnings reports I'l...
* Also, beware of "first level thinking" and looking at the rear view mirror * eBay, Netflix, Twitter, Zoom, Microsoft and Apple all have something in common - the "stay at home theme" has likely been discounted and played out * Leading technology c...