This morning at 8:30am EST the BLS will report the February CPI. As you can see in table above, estimates are for headline to be +0.4% and core +0.3% month over month. Anything notably higher than that is likely to…
Broadcom (AVGO) – sometimes called “the poor man’s Nvidia” – has surged along with Nvidia on anticipation of big demand for its chips for AI. But – unlike Nvidia – it simply isn’t showing up in AVGO’s numbers. Overall revenue…
I was speaking with Errol – a poker dealer at casino M8TRIX who likes to trade based on technical analysis – on Sunday about stocks as usual. Errol was focused on Abercrombie & Fitch (ANF) – one of the hottest…
Perhaps the key technical argument about the market has to do with the breadth of the rally. Bears argue that the market is thin – being led by only a few mega cap stocks. Bulls argue that many more stocks…
Target (TGT) reported solid earnings this morning. Full year 2023 EPS came in at $8.94 versus $6.02 in 2022 and TGT guided 2024 to $8.60-$9.60. Comps came in at -3.7% for 2023 but the company guided 2024 to 0% to…
Today the stock market officially became a bubble. There’s been a lot of talk lately about if the stock market is in a bubble. The consensus seems to be that there’s some froth but it’s not a bubble. Most of…
Costco (COST) is an all time great stock and one of my personal favorite businesses because of the tremendous value it provides to consumers. COST is relentless in its quest to provide consumers with low prices. One measure of COST’s…
Jon Sindreu wrote a very interesting article for the WSJ’s Heard On The Street section this morning (“Don’t Call AI Craze A Bubble” [SUBSCRIPTION REQUIRED]). Sindreu wants to make a distinction between the current market – in which blue chip…
They say a bird in the hand is worth more than one in the bush but Wall Street is often focused on the one in the bush. I’m talking about forward guidance. Snowflake (SNOW) and Salesforce (CRM) both reported 4Q23…
Self storage is a great business. Americans buy too much stuff and need somewhere to store it. Plus, moving things is a hassle so most people end up keeping their storage units for a long time. I know this from…