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 […]
Amazon.com Inc
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 […]
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 […]
One More Line to Watch
The market’s selling is going to pick up in full force this morning as investors react to Israel’s response to Iran. The latest retaliation in the Middle East appears in its early stages, as Israel has carried out a strike in retaliation for Iran’s attack last Sunday. The markets have been calm over the last […]
Amazon Just Kicked the Legs Out from Under Walgreens
It’s been a horrible couple of years for Walgreens Boots Alliance (WBA). I never really considered the stores a “retail store” in the sense that I went there to buy anything outside of Band-Aids, Tylenol, sunscreen, and maybe an Ace Bandage here and there. On a sidenote, I buy all of that from Costco (COST) […]
Nvidia and Other Companies Start Seeing Price Upgrades
It started yesterday, but this is the beginning of a trend that will drive some stocks higher into the earnings season. This morning, UBS (UBS) upgraded their price target for Nvidia (NVDA) shares from $800 to $1,000. Currently, the average price target for Nvidia shares is about $950 but has been on the rise slightly […]
We’re Down to the "Fantastic Four" Now
I watched a good friend, Ryan Detrick, interview none other than Cathie Wood a few weeks ago. The interview was informative and fun to watch, but one comment caught my attention. It was when Cathie Wood referred to that group of stocks that we’ve all fallen in love with as the “Magnificent Seven.” Her adjustment […]
Is Amazon a Short After Retail Sales Numbers?
Not even the holiday shopping season could save November’s retail sales numbers, which slumped 0.6% in November from the previous month.That was significantly worse than the 0.2% estimated decline.
The Real Impact of Student Loan Forgiveness
Garrett Baldwin talks about his experiences with student debt and explores the real impact of the Biden Administration's decision.