The Aspirational Stock Market
One of the more amusing things I’ve seen in recent years – and there have been many – was Oracle’s (ORCL) forecast for $104 billion in revenue in FY29 at a meeting for financial analysts on Thursday. Let me put…
The Banks Tank, Presidential Debate, August CPI And The Fed
Market Commentary: JP Morgan (JPM) is down 7% today after President and COO Daniel Pinto said “Net interest income (NII) expectations are a bit too high. Next year is going to a bit more challenging” at an industry conference. Ally…
The Fed’s Tough Decision, ORCL & KR Earnings Preview, The Antitrust Case On The KR-ACI Merger
Technicals: The S&P closed last week at 5,408 – just above 5,400 which is an important level because the S&P has spent so little time below it in the last three months. In other words, below that level almost everyone…
Big Down Day Kicks Off September, ZS Earnings, Jobs Report Friday, Europeanization Of America
The stock market got smashed to open September after the long Labor Day weekend. The S&P was -2.12% and the NASDAQ -3.26%. Nvidia (NVDA) led the way, dropping almost 10% as news that the DOJ is investigating it for antitrust…
ULTA: Buffett And The Missing Link In Value Investing
Earlier this month news broke that Berkshire Hathaway had acquired a position in beaten down retailer Ulta Beauty (ULTA). The stock soared the next day in reaction but it’s coming back to earth this morning after a weak earnings report…
NVDA CPB: Why I’m Short The One You’re Long And Long The One You Don’t Care About
Two stocks report earnings next week that couldn’t be more different: Nvidia (NVDA) and Campbell Soup (CPB). While the vast majority are long NVDA and don’t care about CPB, I’m long CPB and short NVDA. Why? Everybody knows that if…
PANW: 55 P/E And 13-14% Revenue Growth
Palo Alto Networks (PANW) is an extremely popular stock but it seems to be running out of gas based on its 4QFY24 earnings report out Monday afternoon. 4QFY24 revenue increased only 12% and they guided FY25 to +13%-14%. And yet…
Can ZM Pull A PYPL?
As you can see above, the charts of PayPal (PYPL) and Zoom (ZM) look quite similar. Both stocks surged during the pandemic as their services became necessities when everyone was locked down – but have been destroyed and left for…
Why I Won’t Sell WMT Despite The Fact That It’s Overvalued and Overextended; Old Partridge
It was never my thinking that made the big money for me. It was always my sitting – Jesse Livermore In Reminsiscences of a Stock Operator, Jesse Livemore recounts the lesson he learned from a character called Partridge. While the…
July CPI Doesn’t Move The Needle, EAT Bites The Dust
The July CPI Report out early Wednesday morning was inline with expectations – Headline CPI +0.2%, Core CPI +0.2% – and hasn’t much changed the calculus for whether the Fed will cut 25 or 50 basis points on September 18….