Shares of Electronic Arts (EA) have held up fairly well of late, at its lows last week down 25% from its 52-week highs from January vs the S&P 500 (SPX) which was down nearly 35% …
Continue readingTonight I was supposed to take my 16yo daughter to see, Pearl Jam at Madison Square Garden. Pearl Jam is probably my favorite band of the last thirty years, and the fact that my daughter …
Continue readingBill Ackman is right, now. Two weeks ago the hedge fund manager, founder of Pershing Square went on CNBC and had a meltdown on national tv about what he feared the current government response was …
Continue readingYesterday on the close, the S&P 500 (SPX) closed up more than 6%, completing the stock markets first three-day winning streak in months. The venerable Wall Street Journal sent out this alert at 4 pm …
Continue readingWhen investors look back to 2019’s stock market performance, with the S&P 500 (SPX) up about 30%, despite no earnings growth for the index of 500 stocks, the inversion of the U.S.Treasury curve in the …
Continue readingThe S&P 500 (SPX) is on pace to make its first three-day winning streak in more than a month, up more than 16% from Monday’s lows: Near-term I would expect 2750-2800 to serve as technical …
Continue readingYesterday In my In The Money series with Fidelity Investments I detailed a bullish trade idea in the ETF that Tracks the Utility sector, XLU. My thought process was simple, in the sell-off in the …
Continue readingYesterday was the single largest percentage gain for the Dow Jones Industrial Average since 1933, up 11.3%, while the S&P 500 (SPX) gained 9.3%. Truly Astounding. This is what my watch list looked like…Are we …
Continue readingLast night I had a conversation with a friend who is long Zoom (ZM), he bought it on its first day of trading back in mid-April, not at the $36 IPO price but on the …
Continue readingSo the Goldman Sachs folks are chirping in their old crony, current Treasury Secretary Steve Mnuchin’s ear about re-opening the economy before we have any clarity on when coronavirus cases might peak in the U.S.: …
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