The stock market is closed on Monday January 2, 2023 in observance of New Years. TESLA DELIVERIES: The first thing on everybody’s radar for the new year will be Tesla (TSLA) 4Q deliveries out Monday. The estimate – according to…
Those of you who have followed me for a long time probably thought you’d never hear this: Tesla (TSLA) is a buy. My beef with TSLA was always that it was significantly overvalued but that is no longer the case….
While the calendar slows down dramatically heading into the last two weeks of 2022 there are a few earnings reports worth paying attention to next week: Federal Express (FDX), Nike (NKE) and Micron (MU). Let’s start with FDX which reports…
Next week is the last with significant data and events of 2022. First comes the November CPI Report on Tuesday December 13 at 8:30am EST. As long as it isn’t above October’s 7.7% I think the market should be fine….
ANOTHER BEAR MARKET RALLY: The stock market has rallied nicely the last couple of months and once again the bulls are saying the bottom is in. It isn’t. Like March and August this is another bear market rally – though…
The economy added 263,000 jobs last month versus 200,000 expected and average hourly earnings increased 0.6% month over month versus 0.3% expected according to the BLS. Apparently the job market is sizzling hot. And yet in the real world Meta,…
Today at 1:30pm EST Fed Chair Powell will give a speech at the Brookings Institute on “The economic outlook, inflation, and the labor market”. Let me save you some time and tell you in advance what he will say: First…
NOTE: The options trade recommended in this blog is risky. You could lose all of your money. Only invest a small amount of money if you decided to take the trade. The stock and bond markets have had nice rallies…
As we enter the holiday season into year end there will be less data to move markets and seasonality historically plays a significant role. Next week the NYSE and NASDAQ are closed for Thanksgiving on Thursday November 24 and there…
Just a day after blowout earnings from Walmart (WMT), Target (TGT) laid an egg with its own 3Q22 earnings report this morning. While WMT raised its full year comparable sales guidance TGT cited a “meaningful softening” of business in the…