Friday, November 15, 2024
The Fed has begun the battle against double-digit inflation. CNBC reports they are raising interest rates (very slowly) and announced: “Officials “generally agreed” that a maximum of $60 billion in Treasuries and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over three months and likely starting in May.” CNBC adds: […]
My Market Rover proprietary indicator gives me daily updates on what the market is doing. Well…the indicator gave me a “sell” signal about a week ago. And sure enough… We’re seeing more red this week. One thing to remember: Tops in markets take time to develop, just as bottoms do. Just because we see a […]
Some of the safest trades of the year so far have been the so-called “Dogs of the Dow”—high dividend-yielding blue chip stocks. If you want proof, look no further than Coca-Cola (KO). With a dividend yield of 2.67%, the stock has exploded from a January 2022 low of about $58 to $67.20. While it’s slightly […]
The Russian invasion of Ukraine has brought to the fore the importance of many sectors, especially in the commodities space. But it has also reinforced the importance of one tech sector in particular: cybersecurity. In early April, news broke that Russian hackers had launched a cyberattack on the Ukrainian power grid, along with parallel attempts […]
The crash last week of Netflix Inc. (NFLX) shows how badly investors in growth stocks can get hurt when the music stops. The Netflix debacle shows that if you are investing for price appreciation, you need to have an exit plan or alternative strategy. And that’s true not only of tech stocks, but of any […]
I am often asked about cryptocurrencies and if they are safe investments to add to a portfolio. For investors unfamiliar with the term, a cryptocurrency is basically a digital token, or coin, which trades on a distributed and decentralized ledger called the blockchain. The best-known and most popular cryptocurrency is Bitcoin. It debuted in 2010 […]
Options block trades can be enlightening sources of information, especially when they occur in tiny stocks. Vroom (VRM) is a digital automobile dealership that has struggled mightily this year, down a whopping 85% year-to-date. The company is dealing with high costs and low margins. The options on VRM typically trade about 10,000 lots per day […]
Investors regularly ask me about the two great fears of today: rising interest rates and a potential economic recession. While a recession may not happen, interest rates will definitely continue to move higher. So let me tell you about one type of stock, with a couple of recommendations that will be good investments for both […]
Netflix (NFLX) missed earnings and was down 35% in just one day last week. That’s a massive amount for a stock that big to be down in a single day, and of course, it came with a huge amount of options action. NFLX options traded nearly 1.5 million contracts, which is over 12x the normal […]
Nike (NKE) is gaining much-needed traction. After analysts at JP Morgan, UBS, and Truist came out with positive notes on the company, the stock is up about $9 per share over the last few days. UBS analyst Jay Sole, for example, says North American demand is robust, and that China issues have already been priced […]
