One of the pitfalls that investors – including myself – are prone to is dumpster diving. Take PayPal (PYPL) for example. Less than 3 years ago the stock traded for $300 so it’s hard not to think it’s a bargain…
I can’t decide which stock is worse: Snapchat (SNAP) or Lyft (LYFT). SNAP is making a strong case this morning after reporting 4Q23 earnings Tuesday afternoon. The stock is currently -30% in the premarket and on pace for its 7th…
Growth stock investing is not my forte. I’m a macro guy first and a value guy second. But Uber (UBER) is a growth stock that is just too good to pass up. UBER is divided into two segments: Mobility and…
The most important thing to understand about this market is how thin participation in the rally is. I have heard technicians make various arguments that it’s not all tech using one statistic or chart or another but none of them…
Despite my reputation as a permabear, I was buying Facebook (META) at the end of 2022 (just like I was buying Tesla). But the rally has become overextended and it’s hard to see how 2024 won’t disappoint investors. Let’s dig…
Fed Chair Jerome Powell was significantly more hawkish than expected in his post Fed Statement press conference Wednesday resulting in a selloff in stocks. Powell said he didn’t think a March rate cut was likely pushing up the odds of…
Tesla (TSLA) reported a disappointing quarter after the close Wednesday and shares are currently -11%. I like trading TSLA because it’s a high quality company whose shares fluctuate far more than its intrinsic value. For example, at the end of…
The S&P 500 broke out to new all time highs above 4800 Friday and the bulls were celebratory. Michael Antonelli – Market Strategist at Baird – reminded us that pessimists sound smart while optimists make money. Another financial advisor quipped…
Contemporary financial markets are more about forecasting monetary policy than analyzing company fundamentals. And what we’ve seen in the first two and a half weeks of 2024 is a recalibration of expectations about how quickly and how much the Fed…
The December CPI came in a little hotter than expected this morning. However, one of the main reasons for this is that the Shelter component – which is heavily weighted – is a lagging indicator. It doesn’t just measure newly…