Archives for April 2024

April 2024 - Money Morning - Only the News You Can Profit From

Earnings Preview - Week of April 15

Watch the Regional Banks Here Friday morning saw the opening of earnings season, but things really start swinging this week. For the week, we’re going to see more than 200 different earnings reports from three major sectors. Last week’s rough start for the banks puts more pressure on the wider swath of companies from the […]

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Three Stocks: AMD, Super Micro, and Bumble

Advanced Micro Devices AMD (AMD) shares are looking at some serious technical trouble. The stock is trading lower by 4% as the worst performing stock in the Nasdaq 100, but that’s the least of its worries. Three days ago, shares of the semiconductor company formed a bearish pattern when their 20-day moving average crossed below […]

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Rivian Shares Officially on Death Watch

There are few lines that are as deadly to cross as the one that Rivian (RIVN) sliced through yesterday. Shares of the EV manufacturer followed the same path as Lordstown Motors (RIDE), Fisker (FSRN), and Workhorse (WKHS) yesterday, as they broke below the sacred $10 price. The more sets-up a Death Watch for Rivian, as […]

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The Market Rally is Hanging on This Single Number…

Here’s the Bottom Line at the top today… The VIX – Wall Street’s “Fear Gauge” and what I consider the one number you should be watching this week – is now telling you that the dominant emotion in the market is switching from Greed to Fear. Fear-based markets move lower, which means now is the […]

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Jamie Dimon’s Outlook is More Powerful than Jerome Powell’s

It’s here… Earnings season starts today, and things aren’t off to a good start. The S&P 500 and other indices were trading lower ahead of the open as investors decipher earnings reports from the first round of banks to report for the season. JPMorgan (JPM), Wells Fargo (WFC), Citibank (C), and Blackrock (BLK) were among […]

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Three Stocks: Carmax, Rivian, and American Express

Carmax Shares of Carmax (KMX) are down more than 15% today after the company reported that theyre’ between a rock and a hard place. The company released their latest earnings report this morning, showing that their latest quarter’s revenue and earnings were hurt by lower sales volume. At first glance, it feels like something that […]

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Three Stocks: MindMed, Gold, and Costco

MindMed Despite the market’s headwinds, MindMed (MNMD)’s shares are trading 6% higher today as the stock has two drivers in place. Robert Barrow, the company’s CEO, is slated to appear on Mad Money with Jim Cramer tonight on CNBC. The CEO is likely to talk about progress with their pipeline, including MM120, an LSD-based treatment […]

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There’s a Stealth Rally Going on That Nobody is Talking About

Every week, I scan the charts of 23 different sector exchange-traded funds (ETFs) along with the leading companies from each. It’s my way of making sure that I’m aware of what’s going on in the less talked about areas of the market. After all, that’s usually where you uncover the opportunities that nobody is talking […]

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Here’s How I’m Trading CNBC’s Nvidia Headline

I love it when we see stories like this a few weeks ahead of a company’s earnings report. This was literally the headline that I saw this morning when I popped CNBC.com up for the first time.  Right there at the top of the page is the headline declaring that Nvidia (NVDA) is in a […]

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The Ticking Debt Bomb

You’ve seen it in the movies… The hero is faced with disabling a bomb set up in the middle of a busy parking garage before it goes off and takes everything with it. Lights light, flashes flash, beeps beep, and there is a spaghetti plate of wires holding everything together. It’s the first thing that […]

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