UBER Continues To Crush
While everybody knows that I’m bearish on the market overall – and especially on The Magnificent 7 – there are a few growth stocks I like. In fact, when it comes to Uber (UBER) I’m one of the biggest bulls…
The Market Is Correctly Starting To Price In A Recession And The Magnificent 7 Are Played Out
The narrative over the last few weeks has been that the defeat of inflation will allow The Fed to cut rates in September has resulted in a rotation out of Mega-Cap Tech (QQQ) and into Small Caps (IWM) which will…
MCD Earnings Suggest The Economy Is Rolling Over; Small Cap Summer Has Been Canceled
McDonald’s (MCD) reported earnings early Monday morning and the results suggest the economy is rolling over into recession. Comps have been decelerating for a year now and went negative in 2Q24. US Comps were -0.7% compared to +10.3% a year…
CMG Is Cooked
Chipotle (CMG) is a great fast casual restuarant chain that is doing everything right – but there are limits to the multiple applied to a company that sells burritos. CMG has been one of the best stocks in the market…
Defense Stocks Are A No Brainer
With two wars currently raging – Russia/Ukraine and Israel/Palestine – and a third a concern – China/Taiwan – defense stocks make all the sense in the world. If nothing else, they could serve as a hedge in your portfolio against…
Welcome To October 1929: The Implosion Of The Greatest Bubble Of All Time
For the first time in what seems like forever, the market corrected over the last 7 trading sessions. The leading Nasdaq-100 (QQQ) – dominated by The Magnificent 7 – lost 5.5% over that time period. At first it looked like…
The Market Since Thursday: Rotation Or Exhaustion; NFLX Is The First 2Q Earnings Test
Since Thursday’s weaker than expected June CPI Report, the market has undergone quite the transformation. Megacap Tech – The Magnificent 7 – which have accounted for most of this bull market’s gains have taken a breather. On the other hand,…
The Global Economy Rests On 7 Stocks: Understanding The Two Tier Stock Market And The Two Tier Economy
The June CPI came in soft Thursday morning raising expectations of a Fed rate cut in September to about 85%. In an interesting reaction to the report, investors are selling the leading stocks in the Nasdaq-100 (QQQ) and rotating into…
Nibbling On NKE
Nike (NKE) reported a bad quarter after the close last Thursday sending its shares down almost 20% on enormous volume on Friday. Shares are now trading at the lowest levels since the pandemic lows of March 2020. Is NKE a…
NVDA Is Cracking…. The Rest Of The Market Will Follow Shortly
In his article in Saturday’s WSJ (“Nvidia’s Sucess Is The Stock Market’s Problem, Broadly” [SUBSCRIPTION REQUIRED]), James Mackintosh outlined the two things driving stocks: demand for AI chips and concern about the economy and interest rates. The former is pushing…