Archives for June 2024

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

Three Stocks: Apple, Ollie's, and Dell

Apple The battle is over, and the winner has been crowned Number Two! You read that right. Friday's closing prices were used to determine the new weighting of the Technology Select Sector SPDR ETF (XLK). The popular technology ETF uses a market cap weighting to construct its holdings. Friday's market cap for the largest technology […]

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You Should Always Be Fearful When There's No Fear (Here's Why)

Bearish Signal from the Dow Theory? I spoke with Chuck Carlson, CEO and Publisher of the “Dow Theory Forecasts,” last week about the pending bearish signal from the Dow Theory. I’ll have a video of our interview available tomorrow on our YouTube channel, but here’s the bottom line… Write this down and keep it on […]

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Three Stocks: Adobe, Bitcoin, and Microsoft

Adobe (ADBE) Adobe stock jumped on the AI services bandwagon today as the shares are trading 14% higher after last night’s earnings. For the quarter, the company announced earnings and revenue that were better than the Street’s expectations. The earnings data was accompanied by a mixed outlook from the company’s management. Like so many other […]

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Small Caps, New Highs, New Fears, and 2 Stocks

Small Caps Dive Again I’m sorry to hound on this, but it is the one index you need to be watching right now. The small cap Russell 2000 Index ETF (IWM) took a nosedive through the $200 price this morning. This erases the two-day 3% “hope” rally that happened just before the Fed’s meeting on […]

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Three Stocks: Tesla, Super Micro, and SOFI

Tesla Tesla (TSLA) stock followed through on that support from the Tesla bulls recently, opening today’s trading more than 7% higher. The spike higher was caused by Elon Musk’s tweet – can I still call it that? – stating that “currently passing by wide margins.” David Faber of CNBC pointed out a few sticking points […]

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Architecture to Monetization: The Next AI Profit Wave

Have you noticed something changing in the AI trade? Last night’s earnings results from Broadcom (AVGO) were a sign. The night before, Oracle (ORCL)’s earnings were another. I’m talking about the shift from AI architecture to AI monetization. A local contractor built a luxury apartment building on one of Cincinnati’s seven hills. The building is […]

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Three Stocks: Oracle, Tesla, Broadcom

Oracle Oracle (ORCL) stock added 13% to its value today as investors responded positively to the company’s earnings call last night. Initially, the stock saw selling last night as Oracle’s earnings results hit the headlines. Here’s the headline as it crossed my screen: “Oracle misses by $0.02, misses on revenues; will guide on the call.” […]

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Three Stocks: Apple, CrowdStrike, and Nvidia

Apple  Apple (AAPL) did it again! The company kicked off their WWDC this afternoon with the traditional keynote presentation. That presentation is historically Apple’s unveiling moment for new technologies and products when the company showcases “one more thing.” Investors almost appear confused by this afternoon’s keynote opening of the WWDC. As per usual, Apple’s management […]

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NVIDIA and GameStop May Be the Final Straw for Stocks

GameStop & Roaring Kitty’s Nonsense Will Hurt Investor Confidence I’ve seen some really weird things trigger a market correction, we may have just seen the worst of them on Friday. More than 650,000 people tuned in to Roaring Kitty’s YouTube Live session on Friday, just after noon.  From the looks of the stock ahead of […]

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