Cisco (CSCO) and Palo Alto Networks (PANW) both reported earnings after the close and got hit in the after hours for weak guidance. CSCO lowered full year revenue guidance from $57.0-$58.2 billion to $53.8-$55.0 billion – about a 5.6% decrease…
On Tuesday morning, the October CPI came in below expectations (0.0% headline, 0.2% core) leading to an explosive move higher in stocks and bonds. The rationale is that with inflation now apparently under control, the Fed no longer has any…
Two stocks that may represent deep value report earnings Wednesday morning: Advanced Auto Parts (AAP) and Target (TGT). AAP was decimated six months ago when it drastically cut full year earnings guidance. A quarter ago, AAP brought in a new…
Despite the huge bounce last week I continue to believe that we’re still in the bear market that began in November 2021. That’s because the Magnificent 7 – the mega cap tech stocks – are the only stocks really performing…
I have written a lot about how the Magnificent 7 are holding up the market cap weighted indexes while beneath the surface many smaller stocks have broken down (“The Market Is About To Break”, October 3). My point has been…
As an investor in Uber (UBER) and short in (LYFT) – both of which reported earnings in the last couple days – it’s a trade that keeps on paying. That’s because UBER is superior to LYFT on every metric. The…
I have personally sworn off the dating apps – Tinder, Bumble and Hinge – but at the end of the day that is where young people nowadays go to get a date and meet someone. And while the stocks have…
Stocks ripped higher last week – with the S&P and NASDAQ each gaining about 6% – after the Fed meeting Wednesday as investors concluded that the Fed is done hiking rates for this cycle. You can see this in the…
The crowd is right during the trend but wrong at both ends – Humphrey Neill, The Art of Contrary Thinking Contrarian investing is widely misunderstood. Most of the time it pays to invest with the trend and the crowd. It’s…
In about three hours, the Fed will release its interest rate decision and statement followed by Powell’s press conference. While it’s almost a lock that the Fed will hold interest rates steady, it seems likely that the statement and Powell…