Over the past couple of weeks, market action has been driven by macro forces. This is normal seasonality as investors await the Q1 earnings report cards. We are finally getting those corporate earnings. This allows us to see how the macro issues are impacting individual companies. Investors will be able to parse through winners and…
Earnings season is upon us. Investors want to see the impact of rising input costs and supply chain constraints on companies sales and margins. The reports come at a critical moment for markets as indices sit on key support levels. Banks dominate the early part of earnings season. When your business is your balance sheet…
Transportation stocks have been hammered over the past week. The iShares U.S. Transportation ETF (IYT) has fallen 13% since last Friday. They dipped to a 52-week low this morning. The IYT tracks an index that invests in companies defined as transportation. This includes air freight & logistics, airlines, airport services, highways & rail tracks, marine,…
Shares of Tesla (TSLA) rallied 5% after reporting first-quarter deliveries that were in line with expectations. Investors worried that supply chain issues would lead the EV maker to miss its output target. The better-than-feared number provided some relief. The rally made Elon a cool $9 billion in net worth. Life is good when you are…
Chipmaker Micron (MU) reported results Tuesday, March 29 after the close. The company reported iQ2 results which end in February. This means MU results post before peers. This provides market participants invaluable information ahead of the primary reporting period Micron designs, manufactures, and sells memory and storage products. It provides DRAM and NAND products. NAND…
The trend of mega cap growth stocks splitting shares continues. Tesla (TSLA) plans to ask shareholders to authorize additional shares to enable a stock split at this year’s annual meeting. This would mark the second split for the TSLA in two years. The Pavlovian response has been to buy the stock on these announcements. Do…
NVIDIA (NVDA) is viewed by many as the best semiconductor chip company in the World. On March 22, it outlined a formidable Software product suite that will provide revenue diversification, higher margins, and an expanded reach into multiple industries. NVDA is a stock that needs to be in your portfolio. The New Product Line The…
When Fed Chair Jerome Powell provided a hawkish outlook for monetary policy, he emphasized that a strong economy would allow the central bank to proceed down this path. Markets appear to agree as we rallied after news that the Fed could raise rates seven times in 2022. The biggest risk to the market is a…
The Fed raised rates for the first time since 2018. This marked the end of the most aggressive economic rescue in America’s history. The Fed projected seven rate hikes in 2022, a more hawkish stance than markets expected. This led to some selling pressure. However, we saw futures rip back higher during Fed Chair Jerome…
Tech giant Amazon (AMZN) announced a 20-for-1 split its stock last week. This caught the markets attention as the Pavlovian response is to buy shares into and post-split. Shares of Amazon (AMZN) initially rallied 6% on news. It has had difficulty holding those gains in a tough tape. Peers Apple (AAPL) and Tesla (TSLA) saw…
