|Day Low/High||7.27 / 7.41|
|52 Wk Low/High||5.48 / 13.26|
Watch the plumbing of the U.S. financial system because this old house is about to spring a giant leak.
That's why ETFs make sense here.
Here's what to do when you get a number of charts of companies like General Electric, 3M and Honey that are bullish.
I still think the risk/reward scenario favors bets on the long side.
The research firms today put something in context that seems almost impossible: we are having a boom in the goods side, not the service side.
Somehow I think investors thought splits actually create value. That's just nuts.
Let's look at the Dow Jones' swapping of Exxon for Salesforce, Pfizer for Amgen and Raytheon for Honeywell.
Firms should be using their high stock price to grab other businesses to expand, so they're ready when things return to normal.
Few who are buying these names on the Robintrack leaderboard are looking at the side that really matters.
Let's go over the confluence that allowed us to advance after a brief dip down in the morning.
* After "playing" the rally off of the March lows (with plenty of longs) I have recently (again) gotten net short of exposure To summarize some my recent activity: * I took off numerous investment longs (for profits) into the rally -- including , , ...
* Fundamental concerns and weakening technical signs might be converging now In the last few weeks and days I have eliminated all my equity investments in my personal pension plan, I have personally shorted S&P futures (at 3202 Monday night), I have...
With the exception of a short and an elimination of my holdings - I have done little this morning. * Breadth is still a strong 3.5:1. * Ss (S&P) over Ns (Nasdaq), again, and despite strong gains in Tesla and Amazon . * Bonds are quiet. (I covered my...
* For a small loss When I initiated a long in General Electric last year I mentioned that the stock was speculative (as it was difficult for me to get my hands around the company analytically - both financially and operationally). Given the above, ...
* I have covered my entire large bond short ( is down by another -$2.80 today) - I plan to reestablish the short on any TLT strength. * Reduced speculative from large to medium-sized. * Eliminated my large long (the shares have moved from the low ...
UBS raises General Electric price target from $7.50 to $8. That's the first hike I have seen from the Street in a while.
Nineteen Sixty-Eight was often considered to be one of the most turbulent and traumatic years of the 20th century in the U.S.
We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...
How the battle of value vs. growth stocks is resolved, we will have to wait and see.
To maintain its growth rate and keep the equity markets happy, the company needs to continue to acquire other businesses.
* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...
I don't recall a time when more traders and investors have felt as poorly positioned than they do right now.
What we have right now is a Pollyannaish market where there is no such thing as a negative and stocks never go down.
My inclination is to protect gains in biotechnology and other strong plays.
GE's problem can be summarized in one sentence: The company is burning cash.
I am back - it appears the main line water leak is bigger than I thought (so it will be addressed at 7:30 am tomorrow morning). Today's market action seems so-so, with Qs (Nasdaq) over Ss (S&P). I just added to at $220.35. Though new highs expanded,...
What parameters do we need for holding GE for a year or more?