Just a day after blowout earnings from Walmart (WMT), Target (TGT) laid an egg with its own 3Q22 earnings report this morning. While WMT raised its full year comparable sales guidance TGT cited a “meaningful softening” of business in the…
Six months ago investors panic sold Walmart (WMT) and Target (TGT) and today they will panic buy them. That’s because WMT just reported a stellar 3Q22 with US comps excluding fuel +8.2% even on a tough comp of +9.2% a…
The stock market had a terrific relief rally at the end of last week in the wake of the cooler than expected October CPI Report. Since inflation has been the main driver of the bear market some bulls have concluded…
The scenario I laid out Tuesday morning is playing out exactly as I thought it might: a lower than expected October CPI Report combined with extremely bearish investor positioning has resulted in a massive relief rally (“Speculating On The October…
In late September I wrote a blog titled “Something Is Going To Break”. The premise was that if the Fed didn’t start to ease up soon something would break. With the failure of crypto exchange FTX it’s starting to happen….
WARNING: The trade recommended in this blog is highly speculative. You could lose all your money. If you choose to take it keep that in mind and invest only a small amount of money. I usually like to save my…
Ride hailing company Lyft (LYFT) reported 3Q22 earnings after the close Monday and shares are getting dinged to the tune of 13% in the after hours at the moment. But I can’t figure out why. Active Riders came in at…
If you trade stocks long enough you better develop a sense of humor. Exhibit A: Palantir (PLTR) which reported 3Q22 earnings this morning. Last year my neighbor was bragging to me about how much money he was making in PLTR….
The carnage in PayPal (PYPL) over the last year plus has been something to behold. PYPL was a beloved $300 stock only 15 months ago. This morning PYPL is set to open around $70 after it warned of a tough…
Amazon (AMZN) reported weak 3Q22 earnings last Thursday afternoon and the stock has been punished in their wake. But I think it’s overdone at this point. When most people think of AMZN they think of the online retail business. However…