The first two big name stocks to report 3Q23 earnings were Tesla (TSLA) and Netflix (NFLX) on Wednesday afternoon. TSLA’s numbers looked weak to me with revenue growth of just 9% and Adjusted EBITDA margin of 16% compared to 23%…
You’d think defense stocks would have performed better given all the geopolitical conflict over the last two years. But – as Jon Sindreu wrote in his excellent column in this morning’s WSJ (“What Defense Shares Say About A More Violent…
One result of the relentless rise in interest rates – which reversed a bit last week – is that the Fed is now on pause and likely done with its rate hiking campaign. Fed Futures are pricing in a 94%…
It has been a terrible two years for Walgreens (WBA) with shares losing 60% from their peak. And I have been wrong on the stock for a year and a half now (“Time To Buy WBA”, April 2, 2022, Top…
Pepsi (PEP) and consumer staples stocks more generally have been destroyed over the last month. But PEP earnings out early this morning suggest that the carnage may be overdone. The numbers looked solid across the board including 9% organic revenue…
There is a dealer at Casino M8TRIX in San Jose who is also a stock trader and likes to talk to me about the market when I play poker there. When I walked in yesterday, as soon as he saw…
On August 24, I argued in “The Bear Market Rally Is Over” that the outperformance of The Magnificent 7 was masking weak overall market internals and that the bear market was over. About a month later on September 20, the…
Consider this blog to be Part II of my weekly preview for the week of Oct2-6 (Part I). I personally love eggs and weed and have small positions in leading egg producer Cal Maine Foods (CALM) and marijuana producer Tilray…
September was a tough month for stocks with the S&P down 4.87% and the NASDAQ 5.81%. In fact, the S&P is currently sitting only 2% above its 200 DMA. The 200 DMA is the most important indicator in technical analysis….
This morning I wrote about how I was “Nibbling On NKE” heading into its earnings report this afternoon. It was similar to the plunge into United Natural Foods (UNFI) I made on Monday ahead of its earnings report Tuesday morning….