Wednesday, November 27, 2024
If you watch financial news, you are probably aware of the short squeeze initiated by retail traders that drove share prices of stocks like GameStop Corp. (GME) up more than 800% in a few days. It was the biggest story last week. I do not think the news reporters did a very good job explaining […]
Shares of Bank of America (BAC) reached “oversold” levels after falling for eight-straight sessions. It held its 50-day moving average while recently announcing fourth-quarter earnings. The chart below shows the RSI (relative strength index) for the stock recently hitting 40, as well as levels from late October. You will also see RSI reached 30 in […]
In investing, history can be a useful guide to what to expect moving forward. However, its usefulness only goes so far. There’s always something new and surprising in the financial markets that investors have never seen before. Last year it was negative oil prices. This year, it’s the stock squeezes occurring with names like GameStop […]
Since August 2020, the stock has now run from $15 to $57.45. All thanks to electric vehicle demand, strong earnings, and even stronger delivery numbers. For January 2021, the company delivered 7,225 vehicles, an increase of 352.1% year over year. Cumulative deliveries of its ES8, ES6, and EC6 are now up to 82,866. For December […]
American Airlines (AAL) saw plenty of options action last week, along with several other stocks that have been heavily shorted. Airlines have struggled with the ongoing pandemic so they’ve attracted plenty of short-sellers. However, traders have been targeted these down and out stocks for heavy out-of-the-money call buying in an effort to squeeze the stock […]
There is a wide range of stock market investing experience among the subscribers to my Dividend Hunter service. From the emails I receive, I know that it is easy for both beginners and more experienced investors to have trouble keeping up with how companies announce dividends and when you actually see the cash in your […]
Click the video above to watch Serge’s most recent market analysis
GameStop (GME) has become one of the most explosive stocks on the market. Over the last few days, GME ran from a low of $20 to a high of $310. Volume on Tuesday was up to 178.8 million shares, as compared to daily average volume of 24.18 million. All after Reddit forum, WallStreetBets reportedly fueled […]
I have been watching with great interest the successes and failures of different state and local coronavirus vaccination plans. I am struck by the inability to adjust to changing conditions brought on by a bureaucratic mindset. It varies greatly from the “flexibility is the key to air power” mindset that I formed in my days […]
With stock market valuations sitting near 20-year highs, investors are hoping corporate results and profit outlooks will help determine to what degree the valuations are justified. The catalyst that will drive the market to higher highs over the near-term will be the current fourth-quarter earnings season that will carry over into mid-February and a month […]
