One: Wall Street Braces for Jerome Powell’s Interest Rate Decision At 2:00 pm EST this afternoon, Jerome Powell will announce the results of the Fed’s two-day interest rate meeting. The chances that the Fed will make a cut to interest rates is 1%, according to fed fund Futures, meaning that we’re once again going to […]
Super Micro Computer
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 […]
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. […]
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 […]
Three Stocks: AMD, Super Micro, and Bumble
Advanced Micro Devices AMD (AMD) shares are looking at some serious technical trouble. The stock is trading lower by 4% as the worst performing stock in the Nasdaq 100, but that’s the least of its worries. Three days ago, shares of the semiconductor company formed a bearish pattern when their 20-day moving average crossed below […]
Three Stocks: Super Micro Computer, Tesla, and Krispy Kreme
Super Micro Computer Here we go again. Super Micro Computer (SMCI)’s shares are preparing for a breakthrough $1,100 on their way to our initial target of $1,250. The stock just experienced a 30% pullback from its recent highs, as traders took profits from a massive 80% rally. Consider this: That 80% rally occurred over an […]
Three Stocks: Super Micro Computer, AMD, and Tesla
Super Micro Computer Here we go! After a short spate of selling, shares of Super Micro Computer (SMCI) are on the run again after JPMorgan initiated coverage on the shares with an “Overweight” recommendation. The addition of JPMorgan to the Wall Street Analyst coverage of the stock represents the “Discovery” that I talk about in […]
40% Surge in a Month, Much Higher After That
The sale is on – and your “wealth window” is quickly closing. Super Micro Computer (SMCI) fell 9% yesterday… It’s down 2% this morning… And according to CJ, this is the last chance to buy at such a steep discount. Within a month, we could see a 40% bump. And once the company reports earnings […]
Three Stocks: Tesla, Alphabet, and Super Micro Computer
Tesla The Biden Administration can’t make up its mind… Just one month ago to the day (February 18), we saw headlines that the Biden Administration was considering delaying the switch to electric vehicles. The move was partially seen as political to allay fears the Detroit automakers and the unions were having. A month later, and […]
What Delaying Tax Cuts Means for the Dow Jones Industrial Average Today
The Dow Jones Industrial Average today is dropping again thanks to retail stocks and anxiety over Congress's tax plan…
Traders are losing patience with Congress over delays to the corporate tax cuts.