|Day Low/High||222.35 / 231.98|
|52 Wk Low/High||107.75 / 259.01|
ILMN shares were down about 15% in Friday trading after they pre-announced a revenue miss for its second quarter.
To effectively generate profits, a trader must pick several companies in a sector and short the whole bunch.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
Do we finally have too many new stocks, and are we running out of ammunition to buy them without wholesale liquidation of other stocks?
Oracle tells investors it can regain the crown it once held among enterprises and end-users, but some aren't so sure.
Workday's price action and indicators continue to warn of a downward reaction.
The endless rally needs fuel, and without it, you end up with what you got Tuesday, a soggy session that was hit from the cloud, Beyond Meat's chill, and big merger uncertainties.
The incredible trajectory of Beyond Meat is daunting to those of us who fear a toppy market and the run in the stock is a slap in the face of those who care about too much enthusiasm.
During an interview, Anaplan CEO Frank Calderoni argued his firm's software has a lot of room to displace the use of spreadsheets for business planning work, and is better-suited for the needs of large enterprises than "point solutions."
Let's inspect the charts and indicators.
When traders are flailing and investors are drowning, examples work best to illustrate what happens before a bottom is reached.
Let's check the technical picture.
The Fed will be forced to consider short-term rate cuts in order to attempt to reestablish a more normal, healthier looking yield curve.
You can't start a discussion about the issue, though, without going right to the most impacted stock on earth: Apple.
CRM is still suffering, but a number of other cloud stocks are still hot. Here is how to play it.
You all know that I love the software/cloud type names.
We have to stipulate what makes a market really tick these days in a world where we are ruled by tariffs and trade with a Fed sideshow.
On day three, the sellers forget why they sold and the buyers remember why they like stocks.
The downbeat progression of talk is at odds with the market itself.
If you can survive this hell week you can pretty much survive anything.
As usual, the stocks that bounce back first are the tech stocks with little Chinese exposure and the consumer packaged goods that just demonstrated good numbers.
'Rookie buying' ahead of the print can get you in trouble.
We have to hope they are given a better chance to tell their story than they were Wednesday.
Use the swoon to buy, but wait until the coast is clear and nothing happens and it is just a random rotation.
I am going to lay it all out for you so you understand what happened today and what will continue to happen now that we are in the IPO gauntlet.
'Investors need to see this stock stabilize before the cloud kings will be safe to buy.'
Why am I not more worried about a recession? Because Fed Chair Jay Powell has our back.
Why are big institutions running and can you outrace them?