|Day Low/High||318.21 / 324.65|
|52 Wk Low/High||169.50 / 327.85|
* Dinner with the masters of the universe * And reshorting Last night I was at a Palm Beach dinner with some of the greatest investment and economic minds in the world. I am not being hyperbolic - I am representing the dinner accurately (I might be ...
This trio of reasons plus a chart that remains in a bull channel all point to a stock that should continue to outperform the markets in 2020.
In pre-market trading I reduced my Apple short ($320) from medium-sized to small-sized. Will add back on short side on strength.
It's no secret that the Fed would like to get out of the short-term repo business.
Solid large-cap earnings and narrow strength are creating a distorted picture of overall market conditions.
Conditions were good for more upside, but traders used up plenty of energy for little progress.
When we get the truth we must recognize it for what it is.
The headline grabber came from the full year print for Industrial Free Cash Flow, and the firms' guidance for 2020.
The best thing the market could do right now is pull back.
I reestablished a small Apple trading short between $325-$326 this morning. Apple remains a metaphor for the market. Bullet points on earnings: * Quarter and guidance was good. * Might be discounted after sharp rise. (Everyone "knew" based on suppl...
There is no political will on either side of the aisle to address ever expanding deficits.
Worries of the coronavirus have faded quickly and analysts are chasing big-cap names higher on strong earnings reports. The Fed is on deck.
The subdued reaction to Apple and Starbucks earnings might be a tell that today's rally was a dead car bounce. I am putting on shorts in the after hours.
Optimism about AAPL and news from the Fed, as well as algorithms, seems to have staved off market worries of a pandemic for now.
Both will have news within the next 26 hours that could determine what happens next.
We aren't yet in an upgrade cycle, so I believe if we are to have a period of lull or supply issues, now is probably the best of a bad situation.
I will be leaving at the close of trading today to run an errand so I won't be in my perch to analyze the Apple quarter. I will do that tomorrow morning.
Apple will set the tone with its report tonight and then we will look ahead to the Fed tomorrow.
AAPL will report Q1 earnings after Tuesday's market close.
This coronavirus remains a China-centric problem? People are not yet dying in other countries. Do we have to worry here? That's the wrong question.
* The cost of ultra fast trading. * Medallion Fund "stretches." * Is Apple's selloff a foreshadowing?
The news coverage of the coronavirus may be too negative and sensationalistic, but that doesn't help us to quantify the ultimate impact.
While it may not feel very good, what happened Monday is exactly what this market needed.
Let's instead do the kind of security analysis you have to do if you are going to navigate this moment.
Consider that The Oracle is currently 89 years old - and that he made his single best portfolio investment in over a half century at 87 years old!
I think, ultimately, the big issue for many will be what happens in the United States if we hear about people who didn't go to China who have come down with the disease.
While today is certainly risky, and DIS has earnings coming up next week, I would look at today as an opportunity to put on a position in DIS that is somewhat longer term.
I have been quite active this morning. * I have covered all of my , and shorts (at very good prices) in pre-market and in early market trading. * I have sold my entire SPY put position for a good profit. * I have added to (Mario Gabelli pushed the n...
* It is also probably the greatest investment ever made of a publicly-listed company in history - in either profits in absolute dollar terms or whether based on a time-weighted percentage return * Berkshire Hathaway has made about $43 billion on its...
Chinese President Xi Jinping, not a man given to exaggerate, has referred to the spread of this coronavirus in China as 'a grave situation.'