Sentiment became euphoric Thursday on the back of META earnings yesterday afternoon sending the NASDAQ up 3.25% and the S&P 1.47%. Unfortunately – as I suggested in my blog this morning (“The Bear Market Has Been Cancelled”) – price was…
With the stock market surging higher – and key technical indicators turning bullish – it’s hard not to believe that the bear market has been cancelled. Why would stocks be rallying so hard otherwise? This is a good time to…
Meta (META) reported a better than expected 4Q22 after the close Wednesday. Revenue was off only 4% compared to a year ago – with many concerned it would be a lot worse. In addition, META continues to tighten up its…
The bulls were bordering on euphoric heading into the close Tuesday but Snapchat (SNAP) has thrown cold water on them with another disappointing quarter. As you can see in the tweet above by Benzinga, Daily Active Users (DAUs) and Revenue…
Get your beauty sleep this weekend because next week is poised to be epic. In addition to a Fed Decision on Wednesday, we have Big Tech earnings. The market ramped up last week with the S&P breaking out above its…
The precious metals have been on fire the last four months and The Wall Street Journal took notice this morning in an article on the front of their “Business & Finance” section. The most popular gold and silver miners ETFs…
Intel (INTC) just reported a brutal 4Q22. Revenue was -28%, Gross Margin decreased by 1200 basis points and EPS was off 92% to 10 cents. And things are going to get worse. INTC guided 1Q23 revenue to $10.5-$11.5 billion –…
Yesterday on Kimberly Clark’s (KMB) 4Q22 earnings conference call, CEO Mike Hsu offered to take Barclay’s analyst Lauren Lieberman to KMB’s “war room on poop superiority”. Lieberman replied that it was on her 2023 agenda. Apparently this is an expensive…
While most investors are focused on Microsoft (MSFT), I’m more interested in Capital One Financial (COF) which reported 4Q22 earnings Tuesday afternoon as well. COF has a $312 billion loan portfolio, $132 billion of which is domestic credit cards and…
The S&P closed above its 200 DMA Monday on hope that the Fed is close to done in its fight against inflation and the economy will avoid a recession. Investors are pricing in a “Goldilocks scenario” according to Liz Ann…