Google (GOOG/GOOGL) reported 4Q21 earnings after the close Tuesday and they were a thing of beauty. Revenue increased 32% to $75 billion resulting in a 38% increase in diluted EPS to $30.69. GOOG/GOOGL had revenues in excess of $250 billion…
SentimenTrader posted a chart Thursday afternoon showing that 44% of NASDAQ stocks are down at least 50% from their highs. And yet the NASDAQ index as a whole is only down 17% from its high. What gives? As I’ve been…
Fed Chair Jay Powell finds himself in a bit of a bind ahead of Wednesday’s Fed Decision and press conference. On the one hand, he faces a crashing stock market; on the other, raging inflation. The tone he strikes in…
Wednesday morning, storied consumer goods company Procter & Gamble (PG) reported 4Q21 earnings. PG is a $400 billion behemoth and you likely use many of its products everyday like Crest toothpaste, Charmin toilet paper, Tide laundry detergent and Head and…
$20 billion used car retailer CarMax (KMX) reported earnings for the quarter ended November 30 Wednesday morning. While the top line was on fire at +65% this didn’t translate to the bottom line with EPS up only 15%. Why? Similar…
Bulls took back control of the stock market Tuesday with a massive relief rally that sent the S&P +2.07%, the NASDAQ +3.03% and the Russell +2.28%. This is more than a bounce at this point and the bulls have the…
I do expect bulls to make a stand next week – perhaps as early as Monday morning. While everything else is technically broken, the QQQ has not cracked yet. While QQQ did take out $390 last week, it found support…
We are likely to see a bounce fairly soon but it will only be a Dead Cat Bounce in a new bear market. Indeed, based off the futures it looks like bulls are going to buy the open this morning…
The Omicron variant that hit financial markets Friday has created an enormous amount of uncertainty and – as COVID reporter Kai Kupferschmidt writes – that uncertainty is likely to persist for the next few weeks as scientists gather and analyze…
I contend that we have been in a trading range between 15,500 and 16,000 on the NASDAQ since the start of November. Which way that gets resolved will determine the direction of the market in the immediate term IMO. While…