Market Notes: Facebook (FB) will change its name to “Meta” as it bets big on the “metaverse” becoming the future of the internet. One of my positions VRAR popped big when the news came out. I’m still holding some. What exactly does this mean for the company, its customers (advertisers), and the general public? Time …
Watchlist: 10/29 Mega-Caps: Meta, Misses, Market Reversal? Read More »
Market Notes: It’s Thursday and the Russell 2000 dipped about 2% yesterday. The Nasdaq failed to make a new record high despite the large caps pulling the Dow Jones and S&P 500 to new highs. Yesterday’s pullback was a dip-buying opportunity in my opinion. The overall trajectory and momentum levels in the market haven’t changed. …
Market Notes: MSFT & GOOG (& GOOGL) reported big profits yesterday. Their earnings beat the “expectations” by a long shot. But these trillion-dollar-plus companies have failed to drag the market higher with the news. Futures are mostly flat as we enter October’s final three days of trading. This morning I’m also watching HOOD because its …
Watchlist: 10/27 Earnings Blow-Out, Markets Flat… Read More »
Market Notes: It’s a meme stock match made in heaven. The original WallStreetBets play TSLA received a huge order from one of the most notable meme stocks HTZZ. Hertz ordered 100,000 EVs for their rental fleet. News of the order propelled TSLA stock to a new record high. The price climbed to over $1,000 per …
Market Notes: Ready for some “Truths”? The financial media is quick to point out the flaws with Trump’s new social media platform “Truth Social.” And for the most part, they’re right, the platform will likely fail. Plus the meme status of DWAC stock is an open door to white-collar prison if someone acts out … …
Market Notes: Wow! Did you see DWAC?! It was the feature of my watchlist yesterday. I said it was a big deal but it blew even my expectations out of the water. Short sellers got crushed and the FOMO train was alive and well. With tons of media coverage, huge volume poured into the former …
Watchlist: 10/22 The Shorts. The Chasing. It’s Risk On! Read More »
Market Notes: It’s promising to be an interesting story to watch if nothing else. Overnight DWAC announced a deal with Trump Media to start a social media company to compete with “Big Tech.” This news comes on the heels of FB’s plans to rebrand and create a metaverse. Don’t ask me what it is but …
Watchlist: 10/21 It’s a Huge Deal! One of the Biggest Deals Ever They Say… Read More »
Market Notes: Earnings season is off to a nice start as the indexes march higher. NFLX and UAL were the latest to post “better than expected” results. Even though I’m not trading either ticker the catalyst of earnings is providing reasons to buy. I’m still holding my indexes, could take small profits today as the …
Market Notes: October 19th is the worst-performing day, on average, for the market. The greatest single-day crash of all time happened 34 years ago today. The Dow Jones dropped 22.6% in a single day. The one day drags the average return down to -0.53%. But that was then and this is now. Remember October gets …
Market Notes: Futures slipped a little bit this morning and at writing are trading in the red. The lead headline is China’s GDP came in lower than expected. I’m dismissing this as a non-event for now. Maybe something more comes of it but I’m betting the market largely ignores this data. Oil is above $83 …
