Dead-LYFT
Ride hailing company Lyft (LYFT) is currently down 25% in the after hours from 52-week lows after reporting 1Q22 earnings. The quarter itself looked fine to me but it seems like 2Q22 guidance of adjusted EBITDA of only $10-$20 million…
GNRC: Throwing The Baby Out With The Bath Water
Backup power generator manufacturer Generac (GNRC) has sold off hard with the rest of growth over the last 6 months – down more than 50%. However, I believe this is a case of throwing out the baby with the bath…
The Market Has Overshot On Fed Hawkishness
Make no mistake: We’re in a nasty bear market and stocks are going much lower. But the market has overshot on Fed hawkishness. As you can see in the tweet above by Jim Bianco, the market is expecting 225 basis…
AAPL Is Not A Growth Stock Anymore But It’s Still Priced Like One
Apple (AAPL) reported okay earnings after the close Thursday. Revenue was +9% as was EPS of $1.52. Services was a bright spot with revenue growth of 17%. The stock is currently off 4% in the after hours. The problem is…
XLU PCG: Defense Wins Championships
The only two S&P sectors in the green this year are Utilities (XLU) and Consumer Staples (XLP) – two of the most defensive sectors along with Healthcare (XLV). The best way to play utilities is to get broad exposure via…
Squeeze
The combination of an oversold market and good enough Facebook (FB) earnings may result in a squeeze higher Thursday. If we start to see a trend day higher, investors may pile in and shorts who have overstayed their welcome will…
FB: Good Enough
Facebook (FB) just reported mediocre 1Q22 earnings – but with the stock as oversold as it is that’s good enough. Daily Active Users (DAUs) were up 30 million to 1.96 billion from 1.93 billion at the end of 2021. Revenue…
Breaking All The Rules: Long FB & PYPL Into Earnings
I just purchased 2% positions each in hated Facebook (FB) and Paypal (PYPL) heading into their 1Q22 earnings reports this afternoon. This is the kind of trade that loses me Twitter followers because it goes against a number of Wall…
The Market Is Poised For A Bounce
The market has been thrashed in the four days since Powell essentially assured a 50 basis point hike next Wednesday. The NASDAQ is down 8% over that time span (-20% YTD) and closed Tuesday at a 52-week low. The dollar…
The First 50 Point Hike Is Now Priced In
With the NASDAQ and QQQ testing YTD lows Tuesday morning at 12,600 and $320 respectively I think the first 50 basis point Fed rate hike has now been priced in. This applies to the precious metals miners and commodity stocks…