Yesterday’s surge in interest rates confirmed what you’ve already known about the regional banks… they’re not out of the woods yet. For the year, the Regional Bank ETF (KRE) has been one of the worst performing sectors, losing almost 10%. That’s not for lack of trying, as the banks put in a nice rally in […]
Archives for February 2024
February 2024 - Page 3 of 4 - Money Morning - Only the News You Can Profit From
Lyft and Uber Rideshare Wars Heat Up Today…
Uber (UBER) and Lyft (LYFT) have turned into two of the most interesting consumer stocks in my portfolio. On one hand, these stocks are discretionary stocks. We often choose to spend money on a ride for convenience. Maybe to go to a concert or game and not have to worry about parking or the drive […]
Three Stocks: Walmart, Nvidia, and Plug Power
Walmart Digital advertising is an increasingly important division of retailers’ margins in an ever-increasing world of noise. Yesterday, Walmart (WMT) announced a possible $2 billion acquisition of smart-TV maker, Vizio (VZIO). The latter’s share prices, of course, skyrocketed, but that’s not the story. In the fourth quarter alone, Amazon (AMZN) reported ad services revenue of […]
This “AI Sleeper” Stock Just Woke Up, and It’s Only the Beginning
Palantir (PLTR) is one of those stocks that the market is still trying to figure out. Are they some sort of deep state government operator? Or are they an AI company that is about to surge on to the scene as AI technologies explode on to the services industry scene? The answer is both, and […]
The Analysts Are Coming After the EV Companies
I’ve been wondering when I was going to see the analyst community start to get nervous about the other EV companies. For the last month, we’ve watched the Wall Street analyst community back away from Tesla like it was an angry cat in the corner of the room. Dropping their buy/hold/sell recommendations on shares of […]
Three Stocks: AbbVie, Viking Therapeutics, and Cloudflare
AbbVie Just like we spoke about in early December, AbbVie (ABBV) is starting to feel an acquisition spree it was on last year. And just as we said, long-dated put options back then would’ve yielded well now that the company lowered its guidance this morning due to the “dilutive impact” of its closure of the […]
Three Stocks: Airbnb, PayPal, and Applied Materials
Airbnb Airbnb (ABNB) shares aren’t doing anything special today, but Expedia (EXPE) is, and that’s what I want you to pay attention to. Shares of Expedia are trading 19% lower after the company warned of a global slowdown in discretionary travel. ABNB will announce their results next Wednesday. The company warned last quarter, but investors […]
This is Your Last Chance to Get in on Bitcoin’s 21.72% Rally
I’m not an “I told you so” guy, but I told you so! Check your Bitcoin charts. The cryptocurrency is rallying more than 5% this morning, and it all comes down to the chart we’ve been talking about over the past two weeks. OK, if you want to dig into the internet, some are pointing […]
The Biden Administration is Bullish on Intel and Ready to Put Their Money on the Table
“The nine most terrifying words in the English language are: I'm from the Government, and I'm here to help.” -Ronald Reagan It was the first thing I thought of this morning when I was doing my morning reading. That’s because the White House announced that more than $5 billion dollars is getting ready to make […]
Getting Ready for Layoffs, Higher on Earnings, and An Expensive Earnings Miss
Getting Ready for Layoffs Tesla (TSLA) – Managers are walking the floors with their clipboards at Tesla, as they’ve been asked what jobs are critical. Bloomberg reports this morning that the company is preparing for layoffs as EV sales continue their slump. It doesn’t help that GM (GM) and Ford (F) are reviving their Hybrid […]