|Day Low/High||3,338.60 / 3,469.86|
|52 Wk Low/High||2,881.00 / 3,773.08|
China will require tech companies with more than 1 million users to submit to a formal review before seeking an international listing under new cyberspace rules.
The new Amazon CEO could choose to invest more in AWS and grocery delivery, and could also break with Jeff Bezos' historical aversion to stock buybacks.
I remain short bonds based on the view that current yields are too low and don't accurately reflect the likely trajectory in inflation and economic growth.
Any selling of these stocks based on short to medium term potential for antitrust litigation could probably be a trade if one is savvy enough.
* The current level of interest rates makes no sense and is the result of academics around the world running monetary policy (h/t Lee Cooperman) * I view the recent drop in yields as a near term opportunity to short bonds and to fade the upward pric...
The action in Treasuries is just one more reason to be cautious about equities at current trading levels.
Plus, China's central bank plans to cut its Reserve Ratio Requirement and Wells Fargo looks to exit a business line.
The disconnect between the indices and the action in a majority of stocks appears ready to continue.
This correlated selling helps the corrective process to play out faster.
Shares of the Chinese search engine giant already are underperforming and could feel added pressure based on the stock's technical signals.
Bond yields continue to fall as worries about slowing growth replace inflation fears.
The biggest problem this action creates is it undermines positive sentiment.
One group acting better is the MSO (multi-state operator) pot names.
The evolution of the cloud is happening across the economy at light speed. So it must be with the military application of such high tech.
It makes sense as all restrictions come off the economy that the small-cap sector should benefit the most.
Contrary to popular belief, this economic recovery that we seem to be enjoying has hit a pressure point.
Market concerns are shifting to concerns about growth and away from inflation.
A few big tech names nudged Nasdaq into the green, but breadth sagged and so did the Russell 2000.
The rotational action is dominating the market, and that means that the individual merits of stocks don't matter.
Plus, quick looks at Tesla's car deliveries, Amazon's CEO change and Didi Global's post-IPO downdraft.
The iPhone maker appears to be stirring from its months-long slumber as both stocks could threaten their all-time highs.
Better luck next time: The Federal Court beat down the FTC and the states in it's case against FB.
Is Amazon about to bust out? Netflix goes on pause. And, don't sell your bitcoin for Ethan Allen....
* At $349.70 The many Group Stinkers that worship at the altar of price momentum (read: Fin TV, money managers, scribes, commentators, etc.) universally liked Amazon and its price action up to this week. We witnessed the adulation incessantly in b...
* Down - $46/share in a sea of green Yesterday I delivered some cautionary comments about Amazon . Jun 23, 2021 ' 08:00 AM EDT DOUG KASS Probing Amazon's Outlook - Is It 'As Good As It Gets' Over the Next Few Months? * Always look under the surfa...
It's unusual to find a growth stock with the potential for revenue increases that's already making money.
* Always look under the surface and question consensus * Amazon's competitors are effectively drafting behind Amazon's "Prime Day" promotions * Be mindful of increased delivery delays at Amazon which could increasingly guide consumers towards "Buy o...
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