Short QQQ, Long TLT
The crowd is right during the trend but wrong at both ends – Humphrey Neill, The Art of Contrary Thinking Contrarian investing is widely misunderstood. Most of the time it pays to invest with the trend and the crowd. It’s…
Calling Powell’s Bluff, AAPL Earnings On Deck, MTCH: You Don’t Love Me Anymore? Playing For A PYPL Pop
In about three hours, the Fed will release its interest rate decision and statement followed by Powell’s press conference. While it’s almost a lock that the Fed will hold interest rates steady, it seems likely that the statement and Powell…
CAT Earnings, Public Storage (PSA) On Sale, Uranium (CCJ), Fed Meeting
Heavy machinery maker Caterpillar (CAT) reported 3Q23 earnings Tuesday morning and the stock is breaking down below its 200 DMA at the open. While sales of $16.8 billion beat estimates and increased by 12% compared to a year ago, investors…
AMZN Won’t Save The Market
On Wednesday night I said that “The Bull Market Has Been Canceled” because the Big Tech stocks that had been holding up the market were starting to fail. The smaller stocks in the S&P and Russell 2000 had already broken…
Value In T & PM
While the focus for Thursday’s trading session with be Tesla (TSLA) and Netflix (NFLX) after their respective 3Q23 earnings reports Wednesday afternoon, I’ll also be watching AT&T (T) and Philip Morris International (PM) after both reported their 3Q23 earnings this…
TSLA & NFLX Earnings
The first two big name stocks to report 3Q23 earnings were Tesla (TSLA) and Netflix (NFLX) on Wednesday afternoon. TSLA’s numbers looked weak to me with revenue growth of just 9% and Adjusted EBITDA margin of 16% compared to 23%…
WBA May Be Bottoming
It has been a terrible two years for Walgreens (WBA) with shares losing 60% from their peak. And I have been wrong on the stock for a year and a half now (“Time To Buy WBA”, April 2, 2022, Top…
PEP Earnings: Solid
Pepsi (PEP) and consumer staples stocks more generally have been destroyed over the last month. But PEP earnings out early this morning suggest that the carnage may be overdone. The numbers looked solid across the board including 9% organic revenue…
Earnings Preview: Eggs For Breakfast (CALM) And Marijuana To Chill (TLRY)
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…
S&P 200 DMA, Higher For Longer Isn’t Sustainable, CAG Is Too Cheap
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….