The Banks Tank, Presidential Debate, August CPI And The Fed
Market Commentary: JP Morgan (JPM) is down 7% today after President and COO Daniel Pinto said “Net interest income (NII) expectations are a bit too high. Next year is going to a bit more challenging” at an industry conference. Ally…
Why Kamala Harris’s Plan To Tax Unrealized Capital Gains Would Crash The Stock Market
Kamala Harris’s plan to tax unrealized capital gains for individuals worth more than $100 million is supposed to be a tax on the ultra-rich but in fact it would crash the entire stock market, hurting everybody who owns stocks. Why?…
The Fed’s Tough Decision, ORCL & KR Earnings Preview, The Antitrust Case On The KR-ACI Merger
Technicals: The S&P closed last week at 5,408 – just above 5,400 which is an important level because the S&P has spent so little time below it in the last three months. In other words, below that level almost everyone…
Jobs Report Could Clarify Investors Love-Hate Relationship With Stocks
Investors are struggling to reconcile a market in which everything has performed great, yet nothing seems worth buying – Jon Sindreu, “Love-Hate Connection To Stocks Intensifies” [SUBSCRIPTION REQUIRED], WSJ B1, Thursday 9/5 The market has been on a roller coaster…
Big Down Day Kicks Off September, ZS Earnings, Jobs Report Friday, Europeanization Of America
The stock market got smashed to open September after the long Labor Day weekend. The S&P was -2.12% and the NASDAQ -3.26%. Nvidia (NVDA) led the way, dropping almost 10% as news that the DOJ is investigating it for antitrust…
ULTA: Buffett And The Missing Link In Value Investing
Earlier this month news broke that Berkshire Hathaway had acquired a position in beaten down retailer Ulta Beauty (ULTA). The stock soared the next day in reaction but it’s coming back to earth this morning after a weak earnings report…
The Implications Of The Reaction To NVDA Earnings
Nvidia (NVDA) reported a terrific quarter after the close Wednesday – but its stock is currently -7% in the after hours. What does it mean? Let’s start with the numbers. Revenue of $30 billion beat guidance and estimates as did…
The Best Poker Player I’ve Ever Played With
I thought I’d seen it all and played with the best: Darren Elias, Bin Weng, Chino Rheem, Loni Harwood, James Carroll, Shannon Shorr, Andrew Moreno, etc…. Until Friday….. Everything was going smoothly. I’d satellited into Flight 1A of the $1700…
My Experiment 4-Betting Light At The Graton WSOPC Main Event
Friday at Graton was going pretty well. I’d satellited into Flight A of the $1700 WSOPC Graton Main Event for $300 and I’d run up a decent stack when I picked up Jh10d UTG at 300/500/500. Normally that’s a fold…
NVDA CPB: Why I’m Short The One You’re Long And Long The One You Don’t Care About
Two stocks report earnings next week that couldn’t be more different: Nvidia (NVDA) and Campbell Soup (CPB). While the vast majority are long NVDA and don’t care about CPB, I’m long CPB and short NVDA. Why? Everybody knows that if…