Stocks are Yet to Experience a Solid ‘Flush’At the start of this month we were talking about April's strong historical record. But as we know, records mean nothing. This month was brutal especially for the Nasdaq. It posted its worst monthly performance since 2008.
Amazon Disappoints… Apple DeliversMeta (aka Facebook) helped advance tech stocks today... however the reprieve may only be temporary. Investors snapped up the social advertising leader - which showed a small increase in DAUs (Daily Active Users) and ARPU (Average Revenue Per User).
Nasdaq: On Pace for Worst Month Since 2008The Nasdaq is on track for its worst month in 14 years. Google, Amazon, Apple, Microsoft and Facebook are all well off the highs. Netflix has lost more than 60% of its value...can the sector find support? And where?
Markets Brace for a ‘Hard Landing’This week more than 35% of the total S&P 500 market cap report earnings. Of that - 25% comprise just 5 names: GOOG, MSFT, META, AAPL and AMZN. It could be "make or break" for the market... pending how these names hold up....
12 Stocks to Own on any “Panic Selling”If you are investing today - you need to remain extremely selective with stocks. Look at the decimation in names like Facebook and Netflix. This post offers my checklist when selecting a stock....
Netflix: It’s Now Worth ‘Subscribing’Netflix announced their Q1 2022 earnings after the close today. It wasn't pretty. The stock is down 26% at the time of writing... trading around $258 per share. They reported a loss of 200,000 subscribers last quarter... and it sent traders scrambling... but is it worth buying here?
Market Forecasting: The Futility of Short-Term PredictionsForecasting the direction of the stock market day-to-day / week-to-week is very hard to do. In fact, it's near impossible. That said, over the past 6 months or so I feel things have traded largely 'per the script'... so what's next?
What ‘Shock’ Will 2022 Deliver?Bank of America's top strategist Michael Hartnett issued this note today: "Inflation shock is worsening; rate shock is beginning; and recession shock is coming". Let's explore...
Wall St. Cut Expectations for 2022Stocks finished 2021 on a high. What's more, most analysts had modest expectations for more gains in 2022. 90 days later and the world has changed. Never before (in my 25 years following markets) have I seen such a broad range of outcomes. But as we wrapped 2021... I felt returns this year would be 'single digit' at best.
S&P 500 Loses 5% for Q1 2022Yesterday I warned readers to treat this rally with caution. Let's just say it was "tripping a few wires". For example, meme stocks were rallying more than 150%... Cathie Wood's ARKK ETF was starting to move sharply... and short-term option trading hit 2021 frenzy levels. Market froth was back...
