|Day Low/High||119.13 / 120.02|
|52 Wk Low/High||90.89 / 169.30|
This is a major earnings week, electoral risk is real, the virus is already slowing velocity, and the cavalry (fiscal policy) is not coming. Sometimes, circling the wagons is not the worst idea.
While a lot of cloud-related enterprise tech spending still looks healthy, on-premise hardware and software spend is getting stung by both secular trends and macro pressures.
We're down and it's a rocky week ahead, but we have a group of five bull markets for times like this.
* Especially into next Tuesday's election * I end the day between small-to medium-sized net short in exposure (but closer to small!) I end the day with large and put positions (having covered all my Index shorts -- for a nice profit -- into the whoo...
There is no stimulus deadline. There is no deal. There are only the games people play.
Don't confuse what's happening on the S&P with the nation's economy.
While valuations are clearly very high for many tech names, investor euphoria might not go away until news flow meaningfully worsens.
European markets have been slumping for years, but the time for those countries to shine again may finally be around the corner.
Why should we have all these areas going up and why do we have these price target boosts for the big techs?
I would probably like to go into this Wednesday's earning report bearish, and here's my trade idea.
What has changed significantly has been the value of the U.S. dollar relative to peer currencies.
Among the things to watch: How Q3 demand is trending for markets such as smartphones, online advertising, streaming and e-commerce.
While valuations still aren't as high as they got in 2000, a lot of recent investor behavior feels very familiar.
Good morning everyone, once again I have the pleasure of sitting in for Doug on the Diary. I'll do my best to be value added when and where I can, and I hope we can have some fun along the way as well. A few things to get us started before I refill ...
SMAR is one of the few names not releasing earnings right now, and appears an attractive play.
I have told you before, this is not the firm to bet against. The problem is, or at least has been for me... timing a reentry point.
IT giants are leaning on their balance sheets to convince reluctant customers to make new purchases.
Beyond energy markets and the potential for ancillary fall-out, the S&P 500, and this may be more important from a technical viewpoint, failed to hold that 50 day SMA.
More than 450 quarterly reports are on tap, including 105 S&P 500 constituents.
In their own ways, enterprise hardware and software demand are coming under pressure, as is chip demand in some end-markets.
For now, companies are mostly refraining from sharing Q2 guidance or signaling what they expect in subsequent quarters. That should change soon.
Alhough a key chart shows a new high is possible, the stock of this enterprise software giant could be disappointng for a while.
Valuations for many enterprise software firms remain rich. But like chip companies, their earnings reports generally haven't done much to spoil the fun.
The latest estimates from research firm Gartner suggest enterprise software spend could grow at a double-digit rate both this year and next.
Capex trends, chip demand and IT spending commentary are among the things to watch as dozens of tech companies report this earnings season.
RealMoney's Eric Jhonsa offers some predictions for what the tech world will witness in the new year.
While companies such as HPE, Cisco and NetApp are signaling that macro headwinds are weighing on their hardware sales, major software and public cloud players are singing a very different tune.
The stocks of many companies anticipated a more stringent series of tariffs and we didn't get them.