|Day Low/High||651.81 / 665.46|
|52 Wk Low/High||463.41 / 654.01|
On this morning's strength I have moved to medium-sized in the following shorts: Zoom , Carvana , Apple , Netflix , and Facebook .
* Apple, Facebook and Netflix are new short names In case you missed it - I put on three new shorts on Friday afternoon. Apple , Netflix and Facebook are the new names. This makes six individual stock shorts -- , and are the others.
Despite several big-picture worries, the price action remains quite positive as we head into the meat of earnings season.
I made some moves this afternoon: * I added to my and shorts. * I initiated new shorts in Netflix , Facebook and Apple . (I want some short beta in my book.) Thanks for reading my Diary today. I hope it was value added. Enjoy the weekend. Be safe.
Keep an eye on comments shared about Q4 demand trends, movie licensing activity and the expected 2021 impact of production halts.
It is unproductive to miss out on the current positive price action because you instead are focused on what may happen weeks or months from now.
There is an opportunity to buy some of these names at a discount to their highs, with Amazon presenting the best bet.
One day after deciding that we still could not confirm the market's uptrend, we are forced to ask the opposite.
The RMPIA rose 13.8% during the quarter, leaving it up just shy of 29% on a year-to-date basis, thanks to performance by CRM, AAPL , NKE and TMO.
* Wall Street, not Main Street Walmart , Target , Costco , Amazon , Netflix , Facebook , etc. -- these are the winners in the battle against Covid-19. As a addendum to Rolf's comments earlier this morning in our Comments Section - it is important ...
There is only one fact that truly needs to be understood. The virus is still in charge until it is not.
The deal drives home how strategically important gaming is to Microsoft right now. But there is one big unanswered question.
Are equity markets oversold? Sorry to say, but I don't think so. Not yet.
Plus, the chart of Novocure Limited is a real attention-grabber while the chart of Apple bears watching.
The recent market leaders appear to be running out of steam, while stalwart stocks are grinding higher, with Verizon notable among them.
Also, several scheduled events this week, election risk, earnings to watch.
Giant money managers give sweeping views of investing in "the market" while the small investor is looking for great individual stocks.
* A river is generally easier to channel than to stop. * But these are not typical investment times. * Given the unusual nature, artificial/distorted conditions (fiscal and monetary policy) and outside influences -- SoftBank (I am short), David Port...
I think ZM will probably exceed expectations this evening. Tonight's guidance will draw even more focus than it has in the past.
If you want to look for a new buy entry in Neflix, here are a few pullback zones to watch; also, let's check the weekly and daily charts of GLD.
If financial markets any indication, a lot must be expected from Fed Chair Powell Thursday morning. Plus, two guys to never bet against.
I have reasons to look at an entry in here now, but with some very specific parameters.
The headline numbers don't present the full story of what is going on with the equity markets.
The Real Money Post Industrial Average is up nearly 11% so far this quarter, beating all major indices, but valuations are looking stretched.
Both Apple and Tesla are chopping shares into pieces, which will let individual investors have a shot at buying them.
Plus, quick looks at Joe Biden's VP choice, the latest on the Covid-19 vaccine front and Tesla's stock split.
But that's exactly where we are right now, in this third day of the rotation, so here's your path to safety.
Investing isn't brain surgery: Keep a portfolio that's diversified with these qualities, and it will pay off on days like this.