The short-term trend for stocks has turned decidedly up, as a combination of short-covering, corporate stock buybacks and seasonal end-of-month buying hit simultaneously. The market breadth has been quite good (see NYAD data below). Especially bullish is the fact that, all of a sudden, there are lots of price charts which are nearing some sort...
Published on July 31st, 2022 by Nathan Parsh The term “blue chip” can have a different definition to different investors. Typically, this term is applied to companies that meets a certain criteria, such as an industry leader. To us, a stock earns the title of blue chip when it has at least a decade of...
When I turned bearish at the end of 2021, I made it quite clear that I expected this stock market downturn to be fairly brief – at least in historical bearish terms. At our MarketVision 2022 event on Saturday, January 8th, I suggested that the S&P 500 would likely struggle for 3-6 months and I...
Farewell, July, it’s been a pleasure. Sentiment might finally be turning on Wall Street after the stock market recorded its best month since November 2020, buoyed by the tech giants better-than-expected quarterly results and the prospect of the Fed easing on future rate hikes. The major indexes are still down for the year, but we’re...
I love earnings season. New information abounds and the stock market is constantly trying to reprice thousands of securities based on this new data. It creates periods of temporary imbalances in supply and demand, which leads to a very inefficient market in the short-term. Put another way, we can make LOTS of money if we...
Today’s “Expert Spotlight,” shines on two recommendations of the senior managing director of Evercore ISI, David Palmer, a veteran Wall Street analyst who has been in the game for more than two decades. Palmer covers the Restaurants and Food domain and has been successful in his ratings 60% of the time in his career as...
Chip Mania In the span of a few weeks, investor sentiment seems to have shifted from extremely negative to positive. To top it off this week, Congress passed the $280 billion Chips and Science (CHIPS+) Act creating chip mania. Importantly, this Act builds on the $1.2 trillion Infrastructure Act passed at the end of 2021....
Last Updated on July 28, 2022 Sponsored Post There are many practical reasons why you should choose an online Masters in Business Analytics from the Tepper School of Business at Carnegie Mellon University. We can list facts like: our alumni average $103,000 in starting salary and 84% of our grads secured a promotion or new...
Splurging On Experiences Propells Overspending Consumer spending overall has slowed. However, two recent studies demonstrate that some of us are overspending. They also show that we know we are overspending. Furthermore, one survey shows that our increased spending relies more on credit and that scares the hell out of us — as it should. Revenge...
In the previous weekly note, it was mentioned that the markets have formed a strong base for themselves; the most logical move that the markets can make is to move towards their 50-Week MA which was then placed at 17073. The beginning of the previous week was a bit jittery; the NIFTY had a brief...