Tesla Now In the S&P 500, What’s Next?
Share of electric automaker, Tesla Inc (NASDAQ: TSLA), was officially added to the S&P 500. The response from the stock may be surprising, it was down 5.4% at the time of this writing. Being added to the S&P 500 is a major milestone for the company, but will the company have more impact on the […]
Tesla Added To The S&P 500
Finally, A Small Decline The stock market finally sold off on Friday, but it was only a modest decline. The S&P 500 fell 35 basis points. It was a very weird day for individual stocks because of quadruple witching and indexing. Index funds needed to make changes to their weighting as well as add and […]
Holiday Spending Is Down?
Weak Data From Chase In this article we will include a few tracking updates on how the economy looks in real time as we end the year. There has been differing data on the consumer. We’ve seen some data points suggest consumer confidence is high and that they expect to spend a lot more in […]
Cisco Call Option Buyers Look to Make Old Things New
Cisco Unusual Option Activity Report I brought up Cisco Systems, Inc (NASDAQ: CSCO) during my daily session on the TheoTrade llive chat today. One of the replies from someone watching was that the company isn’t relevant anymore. Believe me, I understand the desire to look beyond the old stodgy companies that provide little to no […]
Will Stocks Ever Fall Again?
Stocks Can’t Possibly Go Down We never thought we would see stocks spike on news of vaccine shipments being marred in confusion, but here we are. Stocks only go up everyday no matter what the valuations are. For example, Shopify rose 2% on Thursday, putting its year to date return at 189%. This is now […]
Job Losses In December A Strong Possibility
Negative Job Creation Is Coming This current slowdown is nowhere near as bad as the one in March and April, but it is worth watching because the situation is unstable. The goal is to avoid too much weakness before the vaccines go out. We will start to see a recovery in February. That leaves us […]
BarkBox IPO: The Next Chewy or Charlie Brown?
I had never heard of BarkBox before today’s announcement that they were doing a SPAC merger with Northern Star Acquisitions Corp (STIC.U). Upon learning of the merger, I went to the company’s website and saw Snoopy and Charlie Brown prominently displayed as part of a limited-edition box. Apparently, there’s a special bonus of a Peanuts-themed […]
Stocks Will Never Fall Again?
Bullish Backdrop We have the vaccine starting to go out, a $900 billion stimulus, and the Fed saying it won’t hike rates through 2023. It feels like the stock market can’t fall with such a great backdrop. Pesky tech valuations are no match for momentum and the onslaught of buying from millennial retail investors. Many […]
Fed Keeps The Pedal To The Metal
Stimulus Is Almost Here The stimulus is almost here. The latest details are the $900 billion stimulus will include checks between $600 and $700. It will also include $300 in weekly unemployment insurance for 16 weeks. This new bill is a revision of the $748 billion bill that excluded the politically divisive choices. This new […]
Liquid State to Solid State: The Next EV Transformation
There has been a tremendous amount of interest surrounding the electric vehicle (EV) space and prices of these stocks have gotten a bit crazy. Many of these stocks have had single day turnovers of their float, which is a major indication of a top. While the frenzy has been palpable, where is the opportunity? Many […]