UBER $1 Trillion
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…
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Extremely Thin Market, MCD CAT Earnings
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…
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Logic Is With The Bears, Animal Spirits With The Bulls; NFLX Earnings
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…
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Markets Recalibrate Fed Rate Cut Expectations, DFS: Haves and Have Nots
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…
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Marginal Fluctuations: December CPI, KBH Earnings
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…
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Failed Breakouts (QQQ $400, IWM $200), WBA: Good Enough
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…
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Value In WBA
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…
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The Stock Market Is Priced For Perfection, FDX -11% Premarket
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…
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The Fed Pivot Has Created A Moment Of Maximum Optimism, ORCL & ADBE Suggest Many Stocks Are Fully Valued, COST Is Too
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…
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Sentiment Is Euphoric But The CPI May Be Setting Up A Powell Smackdown, Is ORCL A Precedent For ADBE?
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…
