Re-Iterating UBER $1 Trillion
Nine months ago I made the bold prediction that UBER (UBER) will one day be a $1 trillion company. Today I want to re-iterate that call in wake of their 3Q24 earnings report out this morning which has caused the…
*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….
The Homebuilders Are Fully Valued
Two homebuilders – Pulte (PHM) and DR Horton (DHI) – have sold off on earnings in the last week and my analysis of their reports suggests the sector is fully valued. Let’s start with the bigger one – DHI. With…
The Garbage Business
If you wake up really early like I do, you’ll discover parts of the underbelly of capitalism. For one thing, you’ll notice all the big trucks on the freeway delivering goods to retail locations ahead of the business day. For…
The Roots Of My Bibliomania
My poor Mother. I moved to Davis on Wednesday and sent her an additional 12 boxes of books to store at her home. That’s on top of the thousands of my books already there. My books are all over her…
NEM: Earnings Sell Off Is A Buying Opportunity
On Tuesday I previewed Newmont’s (NEM) 3Q earnings report saying that any selloff would be a buying opportunity. Well that selloff has arrived in a big way with NEM down more than 13%, dragging the Van Eck Gold Miners ETF…
NEM: Previewing The Largest Gold Miner’s 3Q Earnings Report
It’s been an incredible year for precious metals investors. Gold bugs – much maligned – are finally seeing the moves they’ve long hoped for and expected with gold up nearly 40% over the last year. Obviously the gold miners –…
The Case For Defense Stocks Ahead Of 3Q Earnings
As we enter the 2nd full week of 3rd quarter earnings, one of my focuses will be the leading defense stocks – Lockheed Martin (LMT), RTX (RTX), General Dynamics (GD) and Northrop Grumman (NOC) – all of which report next…
Sweetgreen (SG): Fast Casual Health Food Chain Is A Long Term Winner
In “Legendary Days: Adventures In San Diego”, I wrote about Cava (CAVA), a fast casual Mediteranean restaurant chain that I think could be the next Chipotle. In this blog, I want to introduce you to another great fast casual restaurant…
The Challenge Of Staying Present In Pursuit Of My First WSOP Circuit Ring
You’re not trying to beat the Yankees or the Red Sox or the Blue Jays. You’re trying to beat the game of baseball through execution – Major League Baseball Manager Joe Madden, quoted in Matt Fitzgerald The Comeback Quotient and…