Mind Medicine MindMed (MNMD) was on the move again today, looking for another 50% gain according to my chart. If you don’t know about this stock, you should take a few minutes to get familiar with it by checking out my article from a month ago… Shares of this clinical stage biopharmaceutical company are traded […]
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Stocks
Oil’s Heading to $100, This is How to Trade It
Yesterday afternoon, I refreshed one of my technical scans and it almost screamed at me… Don’t miss this trade! The trade is in the oil sector, but maybe not where you’d expect. Crude oil is now heading for $100 – and then some – as everything from increased demand to Middle East tensions are adding […]
Nvidia is Poised to Bring the Whole Market Down
It’s the one stock that EVERYONE is watching, it’s the embodiment of “AI,” it’s Nvidia (NVDA)… And it’s getting ready to bring the whole market down. Let’s be clear… Nvidia isn’t about to fall 30-50%, but its stock price is ready for a well-earned break. And that’s bad news for the market. You may remember […]
The Timing is Just Right for a Correction
There’s just something in the air. Spring has sprung, baseball has started, the flowers are coming out… and the market is getting ready to drop 10% or more. Sounds about right. Over history, the one thing that drives investors crazy is the seemingly random timing behind a market crash or correction. It always seems to […]
Three Stocks: Tesla, SoundHound AI, and Carnival Cruise Lines
Tesla This morning’s headlines delivered the news that a lot of traders saw coming. Tesla (TSLA) reported deliveries of 386,810 vehicles for the first quarter, falling short of analysts’ expectations of 433,000. The shortfall accounts for the first decline in vehicle delivery in four years and signals longer-term difficulties for the EV giant. Wedbush referred […]
Three Stocks: CXApp, Micron, and Reddit
CXApp shares of CXApp (CXAI) are trading 150% higher today after the company announced a new partnership with AI giant Alphabet (GOOGL). If you haven’t heard of CXAI before today, you’re probably not alone. This company uses their proprietary technology platform to combine customer experience (CX) and artificial intelligence (AI), thus their ticker symbol “CXAI”. […]
Three “Economy” Stocks that May be Better Than the Government’s Data
One of my favorite “economy” stocks reported earnings results last quarter, and nobody appeared to be watching. They should be, though, as it provides some of the best data on how our economy is doing. The company is Cintas (CTAS). If you haven’t heard of them, you should add them to your “stocks to watch” […]
The Price Trends Don’t Lie on Tesla… But Some of the Analysts May
For more than two months, we’ve been talking about the dangers caused by Wall Street’s opinion of Tesla (TSLA) shares. If they were doing their own “Walk Down Main Street,” they would have seen… Lower global demand The loss of tax credits in the U.S. Higher prices on vehicles with lower demand Questions about the […]
Never Short a Boring Market (Except for Tesla Shares)
Man, this week is almost the textbook description of a boring week for a market. We’re not going to hear anything from the Federal Reserve. Earnings? There are nine companies reporting this week, and only one of those is worth watching. Economic data? There is one big report that we’ll talk about later this week: […]
You Know Sector is Performing Better than the Magnificent Seven?
Materials… if you can believe that. I know, it seems unlikely, but companies like 3M (MMM), DuPont (DD), and Martin Marietta Materials (MLM) are leading the market higher with performances that, in some cases, are doubling that of the large-cap technology sector. Martin Marietta shares are up almost 30% year-to-date, without a mention from the […]