For the better part of 2016 the Dow Jones Transport Index, measured by the IYT (the iShares Transport etf) traded in a tight consolidation in the low to mid $140s: The breakout since the election is …
Continue readingBusiness Insider
At this time yesterday I considered the reasons why shares of Netflix (NFLX) were up nearly 20% in the pre-market following better than expected Q3 subscriber results (here). Clearly investors were not expecting such a …
Continue reading
It’s been my view for some time that on top of the very large list of risks to a fragile U.S. economic recovery (and increasingly vulnerable global financial markets) is the election of Donald Trump to be …
Continue reading
Yesterday, Lennar (LEN), the largest homebuilding company by market cap and sales beat Q2 earnings estimates. Deliveries rose 12% year over year with a 4% increase in selling prices. Given the rate environment and the …
Continue reading
I like to consider myself an early adopter when it comes to technology. Since the start of the mobile telecom and internet age 2o years ago I have quickly gravitated towards hardware, software and apps …
Continue reading
From yesterday’s open, the first since the tragic terrorist attacks in Paris on Friday night, France’s stock market, the CAC 40 Index is up about 3.25% from its short lived lows, and global stocks have been …
Continue reading
Earlier this morning, Josh Brown, my friend and star of Fast Money Halftime Report, tweeted the following: Sales to China represents only 5% of all S&P 500 revenue. And it’s like 2% of the EuroStoxx 50. …
Continue reading
Last Thursday we made a near term bearish play that Tesla’s (TSLA) recent gains, north of 25% from late March, adequately reflected investor enthusiasm about the stationary battery announcement that was teased by CEO Elon …
Continue reading
Last Thursday when shares of Tesla (TSLA) were trading $229, we laid out a near term bearish thesis for the stock. It was our view that the stock’s 25% rally since early April on two …
Continue reading
Tonight Tesla (TSLA) will introduce their home battery (Business Insider had a great preview of the event here). The stock has had a heck of a run in the last month since CEO Elon Musk’s tweet …
Continue reading