Boeing (BA) delivered their quarterly earnings report to the market this morning ahead of the open. The report showed better than expected earnings per share (EPS) with a loss of $1.13. CNBC tagged the results best by saying “better-than-feared,” which is the exact sentiment on Wall Street today. The report highlighted the effect of January’s […]
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Let's Talk About Tesla
If you haven’t watched the latest Tesla (TSLA) deep dive, take a minute to check it out now. In the video, I call for a target price of $100 per share, and I’m maintaining that view. Here’s what happened last night. Tesla’s earnings report was worse than expected. The company had its worst year-over-year revenue […]
Don’t Buy Too Fast
Let’s spend our mid-week market time together talking about the “bottom.” There’s nothing better than the feeling that the market has put in a bottom when you’ve got a pile of cash ready to buy stocks. You’ve got that pile, right? There’s also that “other” feeling. The feeling a week after you bought all those […]
Three Stocks: GE Aerospace, Spotify, and HashiCorp
GE Aerospace The combination of a positive earnings surprise and technical support have shares of GE Aerospace (GE) breaking above $160 into new all-time high territory. This morning, the newly formed company released their first earnings report since spinning-off GE Vernova (GEV), the power generation arm of the old General Electric conglomerate. GE beat on […]
Three Stocks: Gold, Super Micro Computer, and Riot Platforms
Gold Gold (GLD) prices dropped by 2.4% today, the largest drop in more than two years. Shares of the GLD dropped more than 2% as traders adjust the price premium to account for less risk in the Middle East. The easing of tensions follows a relatively quiet week in the wake of Israel’s retaliation against […]
Follow This Elon Musk “Golden Rule” Heading Into Tesla Earnings Tomorrow
I’ve been tough on Tesla (TSLA) for more than six months. It’s been well-deserved. From calling it one of my least favorite stocks in the Nasdaq 100 to talking about its eventual descent to $100 – a target that I still hold – Tesla has set itself up as an easy target for the bears. […]
Wasting Valuable Time?
Seasonal trends are just that for a reason. They tend to repeat regularly enough that they become reliable enough to trade. But the market has spent the last seven weeks moving through one of the strongest seasonal periods of the year, and it feels like it’s been wasted. Over the last 20 years, the market, […]
Market Preview - Week of April 21
Earnings Summary – Where Are We Now? I know what you’re saying… Sure CJ, Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL) announce their results along with Tesla (TSLA). But while investors appear to be focusing solely on earnings results, there’s another flood of data hitting the market this week. On the economic side, everything from […]
Three Stocks: Netflix, Super Micro Computer, and American Express
Netflix Netflix (NFLX) shares are having their worst day in more than a year after the company’s earnings report last night. The results were in line with analysts’ expectations, but management’s lower guidance for the next quarter has investors spooked. In addition, they announced that they will stop reporting net additional subscriber figures moving forward. […]
This Stock Operates Like a Machine, Just Like the Company’s Stores
As hard as it is to say, I’m still bullish on the consumer. It feels so wrong, which is what makes it so right from my unique approach of tracking the market. For more than a year, analysts and the media have cast doubts all over the consumer’s ability to handle inflation and a weakening […]