|Day Low/High||143.51 / 144.90|
|52 Wk Low/High||107.32 / 157.26|
There probably will be an intense period of market volatility that could stretch farther out than even I projected a couple of months ago.
Apple , which has the most sophisticated supply chain in the world is being forced to cut iPhone production. There is no short term fix for this - lead times are expanding and are now over 22 weeks to get orders satisfied. If Apple is having an acu...
Unlike what we saw earlier this year, breadth is improving and the mega-cap tech stocks are taking the indexes down. Here's what that means for the market.
I have made the case that neither inflation nor the supply chain dislocations were transitory. The Apple news supports the latter claim. Thanks for reading my Diary and enjoy your evening. Be safe.
While rates are playing havoc with growth stocks, there is other rotational action going on.
The investment process doesn't end once we buy a stock. It's what we do next that will determine our level of success.
How Important is Taiwan? On it's own, very important. As home to Taiwan Semiconductor? Invaluable.
Equities did close almost sharply lower than where they had been early on Thursday afternoon. You do want to see how this looks on a chart.
This firm is key to the data center, which is now expected to drive 40% of revenue generation.
Safe haven? Where is safe haven when U.S. Treasuries aren't really an option? Investors are swarming into the U.S. dollar and not much else.
In a real bear market, one that persists, volumes will dry up. Corrections are violent and volatile. That's where we are now.
You likely want something you're willing to not just trade but also to own.
Here's why a conservative name like CVS makes sense right now -- and how I'm playing it.
* VIAC trades at only $40/share compared to a 'sum of the parts' value of $75/share * Viacom's operating results in 2022-23 will likely exceed consensus expectations * With a 12-month downside of only about -$3/share and upside of at least +$25/shar...
My feeling is that the gap created on Wednesday morning's open will try to fill.
It is now clear, in a world without all that much clarity, that professional money is in the early stages of distribution mode.
I have covered half of my Apple short for a gain. I plan to build the short back up on a rally.
My largest position is Viacom . Despite my analysis that a deal with Comcast is increasingly likely (albeit in late 2022/early 2023), my Gnome, high above the Alps, has been hearing that a large technology company (I'm guessing Apple , Google or A...
Companies don't become best of breed unless they are the best in everything they do. Facebook hangs in the balance.
As noted, I shorted Apple Thursday afternoon. My view is that the market is not placing enough emphasis on the company's China exposure.
While the big guns meet at the White House about the global chip shortage, the president and these companies are approaching this all wrong.
Break in! Facebook is -3% after it says that changes in Apple's privacy terms will continue to be an advertising headwind in the current quarter.
A softening Chinese economy could be a headwind even if Evergrande is bailed out. However, deals can be found among companies with little or no China exposure.
There is one key point about the iPhone 13 that is less obvious but worth considering.
I'm not a bear, but I'm honest about what I see out there, and right now it's tough to find something to hang our hats on.
In the case of Apple and Alphabet, it appears the answer is yes, though a bit more downside in both stocks could come first.