|Day Low/High||106.09 / 110.88|
|52 Wk Low/High||53.15 / 137.98|
But that's exactly where we are right now, in this third day of the rotation, so here's your path to safety.
Prices have been soaring since their July 30 earnings report and the announcement of a 4-for-1 stock split later this month.
* The rising criticism of Warren Buffett is hilarious, foolish and has an historic precedent Late into the dot.com boom, in the second half of 1999, Warren Buffett was universally criticized for his lack of exposure in high growth technology stocks...
Markets may believe that we are closer to the effective use of vaccines and therapeutics than we know in this battle against Covid-19.
Investing isn't brain surgery: Keep a portfolio that's diversified with these qualities, and it will pay off on days like this.
React as conditions change rather than to try to anticipate them.
There has been some selling pressure of late, but it is not correlated and is trapping overzealous bears.
The action took an interesting turn on Friday as some sharp rotation spun big-cap winners like Apple and Amazon backwards.
This week I covered all of my individual shorts with the exception of Caterpillar and Apple (which I retained for the purpose of reminding myself how stupid I can be at times). Shorts that I will likely soon wish that I hadn't covered this week in...
I have never seen this stock get quite this crazy in terms of its volatility.
Early futures weakness followed by a steady recovery and advance has been a feature of the markets during the advance. As of 6:30 am S&P futures are -18 handles and Nasdaq futures are -60 handles. Wake up Robinhood, wake up ETFs (and rebalance and...
It would be better if Jobs Day became Deal Day, and can Congress get its act together before the president acts instead?
The indexes ramped higher yet again and were primarily driven by Apple and Facebook.
The action does feel a little tired and more forced but there still isn't any real shift in the price action.
* History rhymes "When the little blue clock in the middle of his work Sings a song to the moon up above It is nature that's all Simply telling us to fall in love And that's why birds do it Bees do it Even educated fleas do it Let's do it, let's fal...
Bank of America has downgraded Apple this morning. It sees higher effective corporate tax rates and lower gross margins, among other issues.
Over the last hour I decided to cover all of my individual short equity positions, with the exception of a very small position in Apple (as I want to be continually reminded of what an idiot I was!) and a medium-sized short position in Caterpillar ....
Those anticipating disaster have been doing so for weeks or even months and have lost out on a huge amount of gains while they wait.
I plan on riding this trend to the bitter end -- and piling on profits earned along the way.
The icing to the market's cake has been monetary and fiscal stimulus.
Liquidity, FOMO and a short squeeze are driving market action.
* "Buyers live higher, sellers live lower" * With so much systemic buying and little discretionary buying - speculation and large price moves have become more commonplace * How Robinhood is at the core of speculation and why their impact is consider...
On July 8th I wrote about the prospects for the upcoming earnings season where I expected some beats from companies that were aided by the "stay at home" factor but that the best would likely be behind some of these companies: Next week earnings se...
Among the companies that seem to be managing the challenges of 2020 quite well is Pluralsight Inc.
Are U.S. politicians really rocking to Lil Uzi Vert's Futsal Shuffle, and worried their efforts will fall into Chinese hands?
"The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's opt...
Plus, Russia could provide a real-time clinical trial of a coronavirus vaccine.
In the vast middle, there is a mishmash of action and rotation.