Fisker Short Squeeze?

One of the things that attracted me to Fisker in the first place, when I recommended the stock back in March. Fisker opted for a unique business model by outsourcing its production to a Canadian company, Magna International (NYSE: MGA).

Saudi Cuts Won't Change Oil Price

I guess we should all take a moment to express our sincere and profound gratitude to Saudi Arabia for finally bringing some “stability” to the global oil market. Because I really don’t know how we could have survived any more of those wild price swings between $70 and $80 a barrel – my head’s spinning just thinking about it…

Next Big Thing

Don’t be surprised if there’s not a lot of upside for stocks between now and the next Fed meeting on June 14. The S&P 500 has come a long way to challenge its 52-week highs, a little breather makes sense. And if the market decides to pull back, it doesn’t mean that this rally was all BS hype. Use weakness to add quality stocks.

Bring on the Bull!

Consumer sentiment is terrible, one article said. Market breadth is much too narrow, another article said. Inflation is too stubborn and rates are headed higher, bond yields are precarious, banks are still in danger of failing, earnings aren’t rebounding, manufacturing surveys are weak, consumer credit is too high and delinquencies are spiking – they droned on and on with “proof” that there’s just no way there could actually be a new bull market in the works…

An AI Bubble?

You get a 25% one day post-earnings ramp job that adds $200 billion to an already mega-cap tech stock that’s smack in the middle of an emerging tech trend, and yeah, you’re gonna get some grumpy folks yelling “bubble!”

Sucker's Rally?

I guess it’s not a huge surprise that stocks have been trading a bit lower this week. It should never be surprising to see stocks sell off some after they make a nice move higher, like what we saw last week.

China's Toothless Micron Ban

A couple months ago, China announced that it had placed Boise, Idaho based memory chip maker Micron Technology (NYSE: MU) under review for national security reasons. Of course China wants to imply that the U.S. chips can pose some kind of risk, like the U.S. government hacking cell phones made in China with Micron chips and stealing sensitive data

We Have a Breakout

Ladies and gentleman: we have a break out. This a 1-month candlestick chart of the S&P 500. Each glyph represents one day’s action, and the glyphs are called candlesticks because, well, they look like candlesticks. At least the long ones do…

The Cartman Doctrine

It’s pretty obvious that many U.S. companies are already implementing their own Cartman Doctrine – they are taking their supply chains and going home, or, at least to more friendly countries that don’t carry the geopolitical risk that China does.

Position Updates May 15, 2023

Both of the AI stocks I’ve recommended, C3.ai (NASDAQ: AI) and Schrodinger (NASDAQ: SDGR) are looking good. C3.ai is flying today after it pre-announced a better than expected quarter. The stock was crushed 6 weeks ago by a hatchet job from short seller Hindenburg Research. But shares found support at the 200-day moving average. And this quarterly earnings report should help convince investors that the Hindenburg short report was a bunch of hooey.

The Case for Lemonade (NASDAQ: LMND)

I Got a Fever… I got curious back in 2008-2009. The Great Financial Crisis (GFC) was steamrolling every aspect of the economy. Advertising was especially hard hit. Newspapers failed, magazines got really thin… but TV was still awash in GEICO ads. GEICO’s “Caveman” was voted America’s favorite advertising icon in 2008…

EV Maker Beating Inflation

It’s always something. If it’s not one thing, it’s another… If it’s not fear of a government debt default overshadowing the good good vibes from a surprisingly cool read on inflation, it’s a regional bank mini-crisis sapping the fun out of a better than expected earnings season…