Three Stocks: Tesla, Marathon Digital, and Disney
Tesla Something's going on with Tesla (TSLA) shares today, as the stock is more than 3% lower, and the options market has been getting more active. Shares rallied more than 40% from their April lows after the company reported earnings on April 23. The earnings results didn’t cause the last 18% move higher, but instead, […]
Disney's Critical Earnings Report: A Make-or-Break Moment for DIS Stock
Disney (DIS) is set to announce their quarterly results tomorrow morning before the market opens, and the stock couldn’t be positioned any worse for the news. To say it’s been a tough few years for the company and its stock would be an understatement. Disney stock spent all of 2022 and 2023 trading in a […]
Three Market-Driving Events This Week
One: The S&P 500’s 50-Day Moving Average Is in Play Last week’s strong finish put the S&P 500 and tech-heavy Nasdaq 100’s 50-day moving average in play. If you’re not familiar, the 50-day moving average of these indices is one of the most watched technical trendline. This single trendline embodies the saying “the trend is […]
Three Stocks: Apple, Alphabet, and Viking Holdings
Apple It was a wild ride for Apple (AAPL) shares today as the company traded almost 6% higher after last night’s earnings report. Shares dropped earlier in reading as investors continue to mull the longer-term outlook for Apple after the earnings report failed to impress on management’s outlook, but the newly announced share buyback and […]
Steer Clear of the Consumer Now
We’re getting ready to head into the last few weeks of the earnings season as mid-May approaches. This is the part of the earnings season that gives us a great view of the consumer as many of the consumer discretionary and retail companies will provide their earnings results. Nick and I were going back and […]
Two Things That Will Move the Market Today
April Jobs Report Stocks are reacting well to the April Jobs report. Investors and traders are looking at the number of jobs created in April – lower than expected – as a welcome complication to the economy. The April report showed that 175,000 jobs were created against expectations that ran as high as 250,000 in […]
Three Stocks: Carvana, Rivian, and Zillow
Carvana Carvana (CVNA) stock traded 35% higher this afternoon after the company announced earnings results that were better than expected. The company reported earnings per share (EPS) of $0.23, which is $0.90 better than what The Street was expecting. The huge beat came on year-over-year revenue growth of 17.5% and returned the company to profitability. […]
Three Stocks: AMD, CVS, and Starbucks
AMD AMD (AMD)’s earnings report can best be described as “within the lines.” The company hit their earnings target on the nose. Revenue was in line with analysts’ expectations as well, which only represented a 2.2% year-over-year growth. The company’s guidance also came in right at Wall Street’s expectations. So, what was the problem? AMD […]
Bitcoin Faces Sell-Off Post-Halving: Is It Time to Buy the Dip?
Last night, we talked about the fact that the “sell the news” pressure following the highly anticipated “halving” event for Bitcoin had backed the cryptocurrency into a technical corner. If you missed it, take a look here. This morning, to no surprise, Bitcoin and its associated exchange-traded funds (ETFs) are trading lower by more than […]
Semiconductor Stocks Are Tired… Make These Two Trades Today
We’re almost halfway through earnings season, and the semiconductor exchange-traded funds (ETFs) are starting to show signs of wear. The latest reports from Intel (INTC), AMD (AMD), and Micron (MU) gave positive outlooks – except for Intel – but investors are still applying selling pressure to the semiconductor stocks. Normally, it would be easy to […]