Nvidia Insiders Sell!

The headline sounds pretty scary: “Tech Stocks See Biggest Outflow On Record…” Bank of America goes on to say that over the last week, tech saw the “largest outflow ever.” Sounds bad, right? Well, investors sold a net $4.4 billion worth of tech stocks. That’s a fairly big number. But in context? After rising another […]

Mystery Market

The Third Productivity Revolution Very few people predicted how this market was going to shape up.  A year ago the argument was between a hard and a soft landing with most pundits falling into the ranks of the hard.  They were all wrong and I’ll tell you why. But first a little background, when COVID […]

Better Buy: Tesla or Apple?

I don’t know who was in charge of sending out the invites to this stock market rally, but they seem to have left Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA) off the guest list.  Pretty ballsy snub too, considering what Apple and Tesla have brought to stock market parties in the past.  Apple started 2024 […]

That’s One Way to Get Rich

That’s One Way to Get Rich I learned to trade options on the CBOE back in the day when people still used hand signals.  During a coffee break, a crusty old instructor with big shoulders, a thick mustache, and a Polish last name told me the story of Robby the Rocket. Legend had it that […]

Oil Stock Dividends

Buy Back, Baby, Buy Back The U.S. set a record for oil production in 2023, averaging more than 13 million barrels a day. As investors, we tend to rely on the formula: more sales equals more revenue and profit equals higher stock price… That formula failed pretty dramatically for American oil companies. Even though West […]

Is AI a Bubble?

Searching for the AI Bubble Is AI a bubble? It’s tough to get a straight answer. Wall Street is probably happy to let individual investors think AI stocks are a bubble… That way you stay on the sidelines and watch these AI stocks move higher and higher until you can’t stand it anymore… Because Wall […]

Market Update: Snowflake Drops 20%

Snowflake Drops 20%.  Here is What to Do Now Snowflake (SNOW) beat on both top and bottom lines and then got crushed.  In fact, they reported a great quarter.   The Chairman, Frank Slootman said on the conference call: FY ’24 product revenue grew 38% year-over-year to reach $2.67 billion. Non-GAAP product gross margin expanded to […]

Don't Buy This Stock

Jumia Jumps 50%—Don’t Buy It… Yet I met my Pro Trader Today co-founders Dave Roberts and Christian DeHaemer in 1998. We were all in the early stages of our careers in this biz, learning the ropes at a publishing company in Baltimore. We’ve golfed together, traveled together, gotten drunk together, gone skiing together, and my […]

Money Goes Where It Is Treated Best

Money goes where it is treated best I am currently reading Why Nations Fail: The Origins of Power, Prosperity, and Poverty, a book by two economists Daron Acemoglu and James A. Robinson. The authors, referencing many years of research and a vast number of examples, explain why some countries succeed and others fail – and […]

2 AI Stocks Raise Money

How to Profit as These Two AI Stocks Raise Money from Wall Street Two companies on my watch list announced fund-raising moves last week. One announced a secondary offering of stock, one announced a convertible bond sale. Both stocks sold off on the news and are offering investors a nice entry point. Let’s start with […]

I Said I Wouldn’t Write This…

I told myself I wasn’t going to do this. In fact I had another article mostly written… But then…Nvidia… And I get it. It’s like the Bat Signal when the financial media is hitting the hysteria button…kinda hard to ignore… Nobody does hysteria like the Twitter-sphere (or whatever it’s called now, the X-scape maybe?)… just […]

China’s Big Mistake

Last week we talked about unintended consequences and the inevitable problems that come from central planning.  There are plenty of people out there with the hubris to believe that  they are a genius and run things better than everyone else. But the truth is that free market capitalism, born from the seeming chaos of a […]