On August 24, I argued in “The Bear Market Rally Is Over” that the outperformance of The Magnificent 7 was masking weak overall market internals and that the bear market was over. About a month later on September 20, the…
Consider this blog to be Part II of my weekly preview for the week of Oct2-6 (Part I). I personally love eggs and weed and have small positions in leading egg producer Cal Maine Foods (CALM) and marijuana producer Tilray…
September was a tough month for stocks with the S&P down 4.87% and the NASDAQ 5.81%. In fact, the S&P is currently sitting only 2% above its 200 DMA. The 200 DMA is the most important indicator in technical analysis….
This morning I wrote about how I was “Nibbling On NKE” heading into its earnings report this afternoon. It was similar to the plunge into United Natural Foods (UNFI) I made on Monday ahead of its earnings report Tuesday morning….
I’ve worn Nike sneakers my whole life and I love them. Maybe it’s the branding, maybe it’s the quality, or maybe it’s both. Regardless, I know that I’m not alone in being a huge fan of Nike. Which presents an…
$75 billion chip maker Micron (MU) reported earnings for the quarter ended August 31, 2023 after the close Wednesday. Results show no signs of a fundamental recovery in MU’s business. Revenue of $4.010 billion was -40% compared to a year…
Yesterday morning I previewed United Natural Foods (UNFI) and Costco (COST) earnings. As I said I would, I bought a small position in UNFI heading into earnings this morning – and that proved to be a mistake. The quarter marked…
This week a number of stocks I follow report earnings: United Foods (UNFI), Costco (COST), Micron (MU), Carmax (KMX) and Nike (NKE). In this blog, I’ll preview the first two. UNFI is not an especially well known stock but it…
In the wake of the Fed’s “hawkish pause” Wednesday, in which they paused their interest rate hiking campaign but said they may still hike one more time this year and increased their forecast for the Fed Funds rate at the…
[Powell] didn’t sound to me like he was itching to hike again. He sounds like he’s pretty comfortable where they are, sitting back, and watching things play out – Michael Feroli, Chief Economist JP Morgan (quoted in Nick Timiraos, “Fed…