Caterpillar (CAT) reported 3Q25 earnings Wednesday morning and the stock is exploding higher (+13% as I write). I’m sitting on some pretty big gains and I was tempted to sell but I’m not going to for a couple of reasons….
On Friday October 24 the S&P broke above the massive candle that had contained it for two weeks from Friday October 10. That’s a breakout and it puts the bulls back in charge. However, the market remains very thin and…
The S&P continues to trade within the 200 point candle from Friday October 10th defined by 6750 on the topside and 6550 on the bottom. From a technical standpoint, until we breakout of that candle one way or the other…
It’s been two weeks now since I wrote “How To Navigate A Bubble”. Since then, the S&P has tacked on another 50 points – from 6,664 to 6,715. Market timing is notoriously difficult. So difficult, in fact, that many of…
Nike (NKE) reported decent 1QFY26 earnings after the close Tuesday. Let’s be clear: these weren’t blowout numbers. Turnarounds of this magnitude take time. But it was a step in the right direction. Currency neutral revenue declined a less than expected…
Autozone (AZO) is a great stock. It is a high quality business that has compounded earnings over time and the stock price has corroborated that. I have followed it closely for years and owned it from about $2000 to $3000….
One of the core principles of Warren Buffett’s value investing system is Circle of Competence. That is, only buy stocks whose business you understand. If you don’t understand a business, how can you analyze it and come to an estimate…
I am becoming increasingly concerned about the manic nature of this market. The latest is example is the reaction to Oracle (ORCL) earnings Tuesday afternoon. Revenue and Net Income were +12% and +8%, respectively. But there were a few wild…
As a value investor, one of the types of stocks you must learn to identify are value traps. These are stocks that look cheap but whose businesses are stuck and therefore the stock price is too. I personally like Best…
The market is selling off Thursday ahead of Powell’s keynote speech tomorrow morning at 10am EST at Jackson Hole. The odds of a 25 basis point cut on September 17 have decreased from 92% a week ago to 73.5% today….