Bitcoin The “sell the news” trade is turning into a technical tripwire as Bitcoin (BTC) is now hitting a round number that has previously supported the cryptocurrency four times since the beginning of March. There are two parts to this “trade.” First, the sentiment or psychological part. The bitcoin halving “event” passed on April 19. […]
Archives for April 2024
April 2024 - Money Morning - Only the News You Can Profit From
Three Stocks: Tesla, Alphabet, and Marathon Petroleum
Tesla Elon Musk did what Elon Musk does over the weekend. He flew his plane over to China, had some meetings, and now The Wall Street Journal is reporting that China is preparing to give Tesla (TSLA) tentative approval for Tesla's Full Service Driving (FSD) technology. The move would potentially open the door to another […]
Fast Profits: Lockheed Martin
Honestly, I was a little shocked when this stock hit my technical buy list today. The stock hits all the marks of my “behavioral valuation” checklist that says it’s set to move higher over the next 6-12 months, but it appears that The Street hasn’t figured the trade out yet. Let’s go through the basics, […]
Is Meta a Buy at Current Prices?
Meta Platforms (META) shook the markets last week as the company released their quarterly earnings results. The company beat on their earnings number but announced another round of huge investments into the further development of AI technologies for their products. The company’s AI investments helped to bolster their advertising revenue over the last year, but […]
Four Things That Will Move the Market This Week
One: Apple’s Earnings iPhone manufacturer Apple (AAPL) will release their quarterly earnings on Thursday after the market closes. Analysts have been all over the place on their expectations for the results, but one thing is clear… Wall Street is looking for something to change quickly. One analyst appears to be happy with Apple as we […]
Three Stocks: Intel, Boeing, and Nvidia
Intel Intel (INTC) shares ripped lower this morning as the company’s earnings report has investors asking themselves whether the company can ever be relative in the semiconductor industry again. The earnings report got off to a good start as the company beat their earnings per share (EPS) estimates by $0.04 on revenue growth of almost […]
Four Down Three to Go… Which Is the Best Buy from Last Night’s Earnings?
Last night’s earnings blitz included two of the Magnificent Seven stocks, leaving just three more of the major earnings reports left for the season. Amazon (AMZN) is scheduled to announce their earnings next Tuesday. Apple (AAPL) will report their results after the close next Thursday. And finally, Nvidia (NVDA) will be close to closing the […]
Gold Hasn’t Lost Its Shine
Earlier this week, we talked about the drop in gold as shares of the SPDR Gold Shares (GLD) dropped nearly 3% in one day. A drop like that hasn’t happened since 2016 and it got the media’s attention. Within hours of the decline, I was seeing headlines about how “Gold’s Run Has Ended” and that […]
Market View from Above – We Just Dodged a Bullet
First off, let me say that I love it when Steve Liesman and Rick Santoli get into the economic arguments on CNBC after big data drops. It’s like watching two kids on the playground trying to get the last word in… two really smart kids. The reason I bring them up is this morning’s release […]
Three Stocks: Meta, Snap, and Amazon
Meta Platforms Meta (META) shares got hit right out of the gate this morning as the stock is trading 13% lower after beating their earnings estimates last night. The report showed that they beat earnings per share (EPS) expectations by $0.39 on in-line revenue for the quarter. Furthermore, the company guided the next quarter’s revenue […]