I just purchased 2% positions each in hated Facebook (FB) and Paypal (PYPL) heading into their 1Q22 earnings reports this afternoon. This is the kind of trade that loses me Twitter followers because it goes against a number of Wall…
Facebook (FB) reported 4Q21 earnings after the close Wednesday. Daily Active Users (DAUs) were flat at 1.93 billion compared to 3Q21. Revenue was +20% year over year but Operating Income actually declined marginally due to an 810 basis point decrease…
On Monday March 23, 2020 before the market opened – in the midst of the COVID panic – Chairman Powell essentially told financial markets that he would do whatever it took to support financial markets: The Federal Reserve will continue…
The stock market had a big day Monday recouping most of its losses from Friday. The S&P was +1.32% and the NASDAQ +1.88%. However, a look beneath the hood shows the same problem I’ve been harping on for at least…
I got it wrong. Early Friday morning I asked “Is the bull market over?” and answered that – while no certainty was possible on such a question – I believed that in the wake of the negative reception to Apple…
On Friday, the market opened strong only to suffer a powerful intraday reversal before recovering somewhat. This created a “doji” on the S&P 500 which is a sign of “indecision” and a potential “trend reversal indicator” according to the technician…
Monday’s trading day was all about Tesla (TSLA) which rose 12.66% on 3x average volume, adding $130 billion in market cap on news that Hertz is going to buy 100,000 cars for $4.2 billion over the next 14 months. Obviously…
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