Needless to say this is not the start to the year the crowd was expecting. Everything was breaking out at the end of last year but two of the most important ETFs in the market have failed to hold their…
There’s not a lot happening on the earnings front this week but one stock that I own that is reporting is Walgreens (WBA). The stock has been a disaster for me but it may be bottoming. On October 10, the…
To be honest, it’s hard to find reasons to be bearish on stocks right now. The Federal Reserve essentially declared “Mission Accomplished” in its war against inflation last Wednesday. And they appear to have accomplished this without tipping the economy…
The time of maximum pessimism is the best time to buy and the time of maximum optimism the best time to sell – John Templeton Powell and The Fed surprised the market Wednesday by changing their tune. Instead of their…
The stock market is starting to levitate and bears are nowhere to be found. The S&P is trading at its high for the year and the VIX is at a post-COVID low around 12. But the in line CPI may…
While the Fed is done hiking rates for this cycle, my concern last weekend was that Powell may still try to talk “higher for longer” in his press conference on Wednesday due to the strong recent moves in financial markets….
Single digit growth territory is generally where Silicon Valley software companies go to die – or, at least, start paying dividends – Dan Gallagher, “Salesforce Keeps Growth Dreams Alive Enough” [SUBSCRIPTION REQUIRED], WSJ Fri 12/1 Salesforce (CRM) stock has had…
Cloud cybersecurity firm Zscaler (ZS) just reported an excellent quarter – and the stock is -7% in the after hours. Revenue was +40% to $497 million and EPS of 67 cents was +131%. ZS also raised full year guidance to…
Everybody knows that December is one of the best months of the year from a seasonality perspective. And with the Federal Reserve on pause, the consensus for a year end rally is almost universal. The S&P is only 40 points…
I probably sound like a broken record but it’s a tale of two markets: Big Tech and all the rest. Nvidia (NVDA) reported a monster quarter Tuesday after the close and will be the focus of Wednesday’s session. Revenue of…