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*UPDATED WITH MSFT and META RESULTS* Mag 7 Fundamentals Are Stellar – But Valuations Are Stretched
In analyzing the markets we must always keep in mind that the Mag 7 make up approximately 30% of the market capitalization of the S&P 500. As a result, so go the Mag 7, so goes the major market indexes….
Oh SNAP!
Snapchat (SNAP) is getting crushed (-25%) after hours Thursday after reporting 2Q22 earnings. While more and more people are using the app – Daily Active Users (DAUs) increased to 347 million from 332 million a quarter ago – SNAP struggled…
Fed Minutes Look Hawkish And NVDA & SNOW Disappoint But The Market Seems Resilient
In Wednesday morning’s blog, “Pay Attention To The Fed Minutes”, I wondered if Powell would blink or continue to hammer away at the necessity to tackle inflation. As far as I can tell, he stuck to his guns on the…
HD Earnings Preview
Leading home improvement retailer Home Depot (HD) reports earnings before the open Tuesday. The stock has been mostly sideways for more than a year and I am tactically short. That is, I’m a long term believer in the company but…
