In analyzing the markets we must always keep in mind that the Mag 7 make up approximately 30% of the market capitalization of the S&P 500. As a result, so go the Mag 7, so goes the major market indexes….
S&P 5000. I can’t say I expected that 15 years ago when the market was crashing and the S&P fell below 700. It’s been an incredible run since then – led by the Big 5, now the Magnificent 7 (Tesla…
Despite my reputation as a permabear, I was buying Facebook (META) at the end of 2022 (just like I was buying Tesla). But the rally has become overextended and it’s hard to see how 2024 won’t disappoint investors. Let’s dig…
Any weakness in [Big Tech’s earnings reports] could be the catalyst for the market weight S&P to decisively break below its 200 DMA which I’ve been forecasting for three weeks now – “Market Technicals Heading Into Big Tech Earnings”, Top…
The market weight S&P 500 closed just below its 200 DMA Monday as we head into the heart of 3Q23 earnings season with Google (GOOG/GOOGL), Microsoft (MSFT), Facebook (META) and Amazon (AMZN) all reporting earnings this week. As Karen Langley…
Right now in the stock market we have as clear a divergence as I can recall between what the technicals are saying and what the fundamentals are. As far as the technicals, the S&P is above its 200 DMA, above…
Get your beauty sleep this weekend because next week is poised to be epic. In addition to a Fed Decision on Wednesday, we have Big Tech earnings. The market ramped up last week with the S&P breaking out above its…
We anticipate Reality Labs operating losses in 2023 will grow significantly year over year – META 3Q22 Press Release 10/26/22 With his stock down ~70% from its all time highs as its core business – Facebook and Instagram – matures…
There’s very little to like about the former Facebook – Meta Platforms (META) – right now. The stock isn’t working and the business is struggling. But great companies figure things out. META has almost 2 billion Daily Active Users (DAUs)…
The combination of an oversold market and good enough Facebook (FB) earnings may result in a squeeze higher Thursday. If we start to see a trend day higher, investors may pile in and shorts who have overstayed their welcome will…