This is turning out to be a Technical Battle Royale! I’ve had a lot of people tell me that you can’t use technical analysis on Bitcoin. That’s rubbish. Frankly, I would argue that there are no fundamentals to study on Bitcoin, so the only two things that forecast the price are technical analysis and sentiment. […]
Archives for January 2024
January 2024 - Money Morning - Only the News You Can Profit From
Three Stocks: It’s All About the Earnings - Alphabet, Boeing, and AMD
Alphabet This is what “priced for perfection” looks like. Alphabet (GOOGL) shares are trading lower by more than 5% after beating on top and bottom line for the quarter. That’s right, they hit all their marks AND their guidance was good. The media picked on ad sales a little, but relative to the rest of […]
GM May Have Just Crushed Tesla’s Spirit
GM (GM)’s Mary Barra may have delivered a crushing blow to Tesla (TSLA) yesterday. I’m not hammering on Tesla, it’s just that the stock has given me a lot of opportunities to write about it in the past few weeks. GM Blasts Through Estimates Anyway, GM’s announced their quarterly results yesterday, and they were far […]
There's 40-50% Upside for Today's Most Hated Stock
Intel (INTC) reported their quarterly results last night after the close, and they were good. I know what you’re saying… “CJ, the stock is trading 10% lower this morning, how could the results have been good?” Follow me here. Last quarter’s earnings beat analyst expectations, just like last quarter. Traders, note that I said traders, […]
Boeing Stock Has Only Just Started its Descent
Man, Boeing (BA) is starting to feel like Wells Fargo (WFC) a few years ago. If you don’t remember, there was a time when Wells Fargo just couldn’t seem to get out of their way. The company was plagued by management missteps that resulted in a lot of explaining, fines (more than $3 billion), and […]
Charging Higher, A “Dear John” Letter This Morning, and Hold Off on the Urge to Buy Here
Charging Higher Here’s a good trick: American Express (AXP) announced earnings last night that missed expectations on the top and bottom. The stock should be trading lower, right? Shares of AXP are trading 3% higher this morning, and it’s all about the company’s outlook. The company’s management forecast for 2024 included robust growth in revenue […]
IBM’s Stock Dividend Just Sweetens Its AI Future
Everyone loves AI. Everyone Loves a good dividend. Put the two together and you’ve got IBM (IBM). One of my basic rules of income investing is “don’t buy bad dividends.” IBM’s dividend yield of about 4% combines with 20% gains in the last year (and much more to come) to provide what I think is […]
Netflix Is Kicking Off Its Next 50% Rally Today
This is going to be a fun stock to watch over the next year. Netflix (NFLX) announced their earnings last night… and they were spectacular. To the naked eye, last night’s results were “mixed.” The company missed their earnings per share (EPS) number but beat their revenue expectations. But there’s more to the report that […]
Three Stocks: Hanging Up On an Earnings Call, This Restructuring Plan is a Short-Term Fix, and Soon to Be Operating 25% Higher
Hanging Up On an Earnings Call AT&T (T)’s earnings missed the mark this morning with their earnings report. The company missed earnings expectations and lowered guidance for the year. The news has T shares trading 4% lower this morning. We’ve seen some glimmer in the stock’s movement of late including a 6% rally into this […]
The Good, Bad, and Ugly of the "Magnificent Seven"
It’s time for something special. We normally make some quick comments on Three Stocks to Watch, but today, I decided to go a little deeper. I recorded a quick YouTube video today that looks at three of the Magnificent Seven stocks as their earnings approach. I’ve identified what I’m referring to as the “Good, Bad, […]