riends The Robinhood war rages on, and while everyone seems to be focused on GameStop, the general market is definitely starting to show some cracks. Despite a series of very good earnings reports, stocks are selling off on the news as we appear to be confirming that stocks...
Friends While the battle rages on between Old Wall Street and the upstart internet traders (and the Old Wall Streeters landed a few haymakers today), we will focus on earnings and the market’s reaction. After the close of trading yesterday we got blow out numbers form both Apple...
Friends Well that was ugly. While the business news stations focused on the war between internet traders and large hedge funds over a few heavily shorted stocks, the market averages tumbled. Even Microsoft, which had fantastic earnings after the close yesterday, and rallied heavily in after- hours trading, couldn’t...
Friends It was another day of decent earnings reports but muted stock response. After the close today we are going to hear from Microsoft and others, and later in the week Facebook and Apple, so we will get a good idea how accurately priced the big tech names...
Friends It was a very choppy day for stocks. Along with earnings season it appears we have entered silly season, as groups of investors have decided to identify stocks with a large short position and aggressively buy the shares driving the price higher. The shorts then are squeezed...
Friends We saw another case of selling the earnings news. Both IBM and Intel (Dow components) had what was at first glance good earnings releases yesterday after the close. But, as analysts drilled down, they discovered flaws. The shares of both had rallied in recent weeks, so both...
Friends Stocks finally took a breather as the market averages end somewhat mixed for the day. We continue to get earnings reports and they continue to be a little better than expected. But, like we saw with Union Pacific today, sometimes the good news is already priced in....
Friends As the transfer of power played out in Washington, D.C. and on our television sets today, stocks continued to push to new all-time highs. Again, the big winners were the large cap growth names that dominated the market averages last year including Apple, Amazon, Google, Netflix and Facebook....
Friends Investors seemed to be in buying mood after the 3-day weekend, despite financials basically selling the good news. The big banks and brokerages have mostly posted very good earnings numbers but we’ve seen their shares sell off just a bit. Remember, these stocks had rallied over the...
Friends Though both JP Morgan Chase and Citi had really good earnings reports this morning, stocks had a negative bias right from the opening bell this morning. There were some ebbs and flows to today’s trading, but once again market participants seem a little hesitant to invest new...
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