November 2024
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You buying this chart: Chipotle (CMG)? Spoiler Alert: I am. Like, right now. If you’ve read my work, you likely know my love for Chipotle: both the food and the stock. It was the first stock I ever traded and is the reason I became a stock-picker. Last week, the stock defended the 50-day SMA,…
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For those unfamiliar, Ripple was launched in 2012 with the ambition of disrupting (a friendly way to say “replacing”) SWIFT by offering a quicker, lower-cost alternative for international money transfers and currency exchanges. The ETF industry already has its eyes on this digital asset, with paperwork well underway at the SEC. Probability of executing on…
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Weekly Performance S&P 500 1.68% Equal Weight S&P 500 (RSP) 2.48% NASDAQ 1.73% DOW 1.96% Russell 2000 (VTWO) 4.46% Talk of the Tape Nvidia exposed the naysayers as AI revenue crushed pessimism. However, it wasn’t enough to sustain NVDA’s hegemony over investor capital. The breather in yields allowed money to rotate, and the stocks most…
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Even adjusting for expectations, Nvidia’s quarter was awesome. While I couldn’t have foreseen the market’s response to yesterday’s print, I find it very healthy. 🔥 Had Nvidia gapped up again, it would’ve started to feel frothy. Too hot. ❄ Had Nvidia gapped down, we would’ve questioned what the market has priced into stocks. Too cold.…
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Who doesn’t like Coca-Cola? I tend to prefer the beverage, but the stock (KO) looks tempting. The 16% slide KO finds itself in began in September, marking its worst drawdown since GLP-1 concerns catalyzed a 20% sell-off last year. After nearly three straight months of decline, KO is showing signs of life: MACD, which has…
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Weekly Performance S&P 500 -2.08% Equal Weight S&P 500 (RSP) -2.12% NASDAQ -3.15% DOW -1.24% Russell 2000 (VTWO) -3.99% Talk of the Tape The market took a breather with yields exerting pressure as both economic data and Powell hinted at a slower pace of easing ahead. Pharma stocks, particularly vaccine-related names, were hit hardest following…
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Weekly Performance S&P 500 4.66% Equal Weight S&P 500 (RSP) 4.25% NASDAQ 5.74% DOW 4.61% Russell 2000 (VTWO) 8.57% Talk of the Tape Polymarket trumped the pollsters, correctly forecasting a decisive Trump win. The Fed followed through with a widely expected 25 bps cut and a remarkably unremarkable presser. Stocks roared, culminating with the S&P…
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Weekly Performance S&P 500 -1.37% Equal Weight S&P 500 (RSP) -1.37% NASDAQ -1.57% DOW -0.15% Russell 2000 (VTWO) 0.10% Talk of the Tape Although eco-data came up “goldilocks”, the mega-caps were met with mixed responses. Despite yield pressures continuing to hamper stocks, the majors remain at relative high levels ahead of the Presidential Election and…
Gorilla With Glasses 