In his article in Saturday’s WSJ (“Nvidia’s Sucess Is The Stock Market’s Problem, Broadly” [SUBSCRIPTION REQUIRED]), James Mackintosh outlined the two things driving stocks: demand for AI chips and concern about the economy and interest rates. The former is pushing…
Barron’s ran an important article this weekend titled “There is no Magnficent 7. There’s Simply The Magnificent One” [SUBSCRIPTION REQUIRED]. That Magnicent One – obviously – is Nvidia (NVDA) which is responsible for 1/3 of the S&P’s YTD gain through…
As I suggested on Tuesday, the stock market is thinning out dramatically. While the major indexes continue to go up on a daily basis because of mega caps like Nvidia (NVDA) and Apple (AAPL), beneath the surface more and more…
On Thursday, the S&P closed below 5,250 – the breakout level from March 28. This is what is called a “failed breakout” in classical technical anaylsis. “From failed moves come fast moves”. In other words, we are looking at a…
In “Legendary Days: Adventures in San Diego” (May 16), I talked about reading about CAVA (CAVA), an up and coming fast casual, Mediteranean style cuisine restaurant, which Barron’s listed as one of three possible “The Next Chipotles”. I was impressed…
On Wednesday afternoon, Nvidia (NVDA) reported a blowout quarter in the most anticipated event of the week. Revenue of $26 billion and guidance of $28 billion for next quarter were about as much as bulls could hope for. The stock…
Techno-utopianism underlies much of the tech industry here in the Silicon Valley where I grew up and currently reside; a belief that technological innovation can ultimately solve all human problems. In other words, whatever ails you: There’s an app for…
While the S&P has broken out to new all time highs and technicians are in a frenzy, things might have gotten a little ahead of themselves according to Goldman Sachs Chief Equity Strategist David Kostin. Kostin has a 5200 year…
After getting up early Thursday morning and doing my morning routine of reading, writing and market related work, I headed out at 8:00am for a 30-minute walk on the beach which was an excellent start to the day. Shortly after…
Walmart (WMT) just reported a blowout quarter. As you can see in the slide above, they now say full year revenue, adjusted operating income and EPS will all come in at the high end or above the guidance they gave…