Load Up On SNAP

Load Up On SNAP

Snapchat (SNAP) just reported 3Q22 earnings and the stock is cratering. It is currently -25% in the after hours. And I’m shocked because I actually thought it was a good report! What seems to be unnerving investors is SNAP’s guidance…

Speculating On SNAP

Speculating On SNAP

Former social media app darling Snapchat (SNAP) has been left for dead – and rightfully so. Revenue growth fell off a cliff in its disastrous 2Q22 to just +13% and Adjusted EBITDA was essentially breakeven at $7 million. SNAP wouldn’t…

NFLX: Sell The Rip

NFLX: Sell The Rip

Netflix (NFLX) just reported a solid 3Q22 and its shares are currently +15% in the after hours. After two consecutive quarters of declining paid memberships NFLX added 2.41 million in 3Q22 and guided 4Q22 paid additions to 4.50 million. At…

Revisiting Thursday

Revisiting Thursday

It’s been a few days since last Thursday’s stunning reversal giving us some time to sort out what it means. As predicted some found technical analogies to support the idea that the price action suggested a bottom was near. The…

Stunning Reversal

Stunning Reversal

The much anticipated September CPI Report came out this morning before the market opened hotter than expected. The CPI increased 8.2% year over year and 0.4% month over month – above expectations. The Futures were up big before the report…

WBA Is Deep Value

WBA Is Deep Value

When I see a chart like the one above of leading drugstore Walgreens (WBA) I want to find out why it’s essentially straight down. For example many tech stocks have charts that look like WBA’s this year due to rising…