|Day Low/High||318.21 / 324.65|
|52 Wk Low/High||169.50 / 327.85|
TSMC issued a strong Q1 sales outlook amid heavy demand for its most advanced manufacturing processes. And it shared a capex budget that has given a boost to chip equipment stocks.
The last few days have seen the topic of brick & mortar vs. digital or e-commerce sales once again take center stage. We chatted on this very topic this morning... but we have yet another confirmation sign in the following headlines: Bose is shutti...
The easiest mistake to make right now is to say that this can't continue for long. That simply is not true.
Growing sales of used iPhones are contributing to installed base growth, while relatively high resale prices give Apple some indirect iPhone pricing power.
Liquidity and earnings will play a big role in how the indexes move in the days and weeks to come.
I have been among the most wary of China and its ability to change. I remain that way. But the U.S. got more than I ever thought.
One concern for traders and investors would be that the good cheer created by the development of this Phase One deal, as well as actions taken by the FOMC, are nearing or at the point where the headline risk points in the other direction.
Earnings reports are solid but this overbought market is looking for a good reason to consolidate a big move.
What appeared as a day ready to take gains higher was knocked off balance by old news.
Another win for da Bulls as the market bent but didn't break after the four-month-long advance: * Market breadth was +200 (at 3:30 p.m.) -- again not bad, all things being considered. * Oil was flat and gold -$4. * Bond yields dropped by 2-3 basis p...
The best way to think about this market is to embrace the idea that it is not logical and levelheaded.
The NYSE used to be the center of capitalism, but now it's where actual engineering, not financial engineering, is taking place.
Chip suppliers and others are benefiting as smartphone camera counts rise and camera penetration rates grow in other markets.
What if a stock is being propelled by actual events or changes?
Every year I provide some also eligible surprises (or also-rans as Byron Wien calls them) - events that didn't make My Top 15 Surprises (but were close to making the list!). Here are my six runners-up Surprises: 1. Netanyahu wins his fourth term. 2....
* In 2019 equities rose far faster and interest rates fell sharper than the consensus expected * 2020 could be a year of out-of-the-VIX thinking and mean reversion in valuations/stock prices as profits, politics, geopolitical events and other uncert...
My approach to this sort of action is to forget the indices and focus on managing your individual positions.
Better-than-expected 2019 iPhone sales, booming wearables franchises and new services launches all gave Apple a lift in 2019. Changing investor perceptions of the company also seem to have helped.
Regular readers of my Diary know I sometimes post things that replicate the theme of the "Tell Me Something I Don't Know" segment on MSNBC's "Hardball with Chris Matthews." So ... "Tell me something I don't know, Dougie." Today Apple hit an all-time...
It is highly unlikely that the indices are going to roll over and go straight down from here.
I am not selling any more Apple based on my price targets. I will sell more Apple when the chart turns.
* Same old, same old! With S&P futures +10 handles in premarket trading and Apple again gapping higher (+$2.15/share), it's Ground Hog Day. The Bulls say its the Fed, stupid, as the Bears wait for a "Minsky Moment." As for me, I am leaving the offic...
Several Fed officials spoke on Thursday. The most important comments for folks to focus upon were made by Fed Vice Chair Richard Clarida. By far.
What feeds this force and how -- and when is it good vs. suspect?
These names are well-positioned to benefit from the changing media landscape.
A reversal will come, for sure, but there's just no way to time it with any degree of precision.