While the market held up last week despite underperformance from the Magnificent 7 (or Fab 5) because of strength in the rest of the S&P 500, it can’t go much higher without them leading. That’s simply a function of math:…
Tesla (TSLA) reported a disappointing quarter after the close Wednesday and shares are currently -11%. I like trading TSLA because it’s a high quality company whose shares fluctuate far more than its intrinsic value. For example, at the end of…
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%…
Tesla (TSLA) reported 1Q23 earnings Wednesday afternoon and margins were squeezed by price cuts. TSLA cut prices to maintain volumes at the expense of profitability. That is probably the right long term decision but it resulted in a hit to…
Stocks are bouncing hard into the start of 4Q22 earnings season as investors anticipate the end of the Fed’s rate hiking cycle. The Fed Whisperer Nick Timiraos had a must read article on the front page of today’s Wall Street…
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….
The NASDAQ appears to me to be in serious technical trouble. For a while now, I’ve been writing about the “stealth bear market”. That is, important but not leading stocks have been breaking down beneath the surface without doing much…
On Monday March 23, 2020 before the market opened – in the midst of the COVID panic – Chairman Powell essentially told financial markets that he would do whatever it took to support financial markets: The Federal Reserve will continue…
The stock market had a big day Monday recouping most of its losses from Friday. The S&P was +1.32% and the NASDAQ +1.88%. However, a look beneath the hood shows the same problem I’ve been harping on for at least…