Let's Talk Chip Stocks

I call them “Diamond Chips.” Because they are made from the same super-hard material that can be used to make artificial diamonds – silicon carbide, or SiC.  You’ll see semiconductors made from silicon carbide get referred to as SiC chips. SiC chips are extremely hard and heat resistant – they work just fine at temperatures […]

How's Business in Texas?

Well. That beatdown last week sucked. When the S&P 500 opened below its 200-day Moving Average (MA) last Wednesday, the selling kicked into overdrive. Now, we’ve talked plenty about the trading machines – the computer-based trading algorithms that dominate the daily trading action for the stock market. Better than 70% of all stock trading on […]

Defense Stocks Update

Back on July 17, we talked about defense stocks. I told you:  I check in on defense stocks every once in a while, cuz I keep thinking at some point, the macro environment will look favorable for them and they will start moving… They never do. Sorry to disappoint, but I think there’s better places […]

Another Mega-Oil Deal

That’s two mega oil deals in a span of about three weeks.  On October 11, Exxon-Mobil (NYSE: XOM) announced it would acquire Pioneer Natural Resources (NYSE: PXD) for $60 billion. Pioneer has the rights to 850,000 acres in the Permian Basin. Add that to 570,000 acres in the Permian Basin Exxon already has, and Exxon […]

They Ruined Reese's

So I bought a sack of Halloween candy last weekend, cuz, you know, Halloween is right around the corner, I can’t Trick or Treat anymore (creepy dude!) and I like to get an early start on eating Halloween candy anyway…  It was a Hershey assortment – Payday, Hershey with almonds, Mr. Goodbar, Reese cups, and […]

The Lithium Problem

Things just got ugly for lithium stocks. Bank of America (NYSE: BAC) just downgraded the entire sector due to a potential lithium oversupply expected to hit in 2024.  Sociedad Química y Minera de Chile (NYSE: SQM) and Albemarle (NYSE: ALB) are the biggest lithium miners and processors on the New York Stock Exchange. SQM is […]

EVs and Interest Rates

I’ve got as few things on my mind today, so I’m going with the tried and true digest format… *****Critical Mass for EVs  On September 11, I told you that global electric vehicle (EV) sales are hitting critical mass right now. Here’s the chart I shared, showing EV sales for the second quarter… Between April […]

Best Sectors for AI Investing

I guess we can say that it’s still early days for the Artificial Intelligence revolution. Of course AI is hardly a new thing at this point. Seems like every other headline from the financial media has something to do with AI. And my email inbox is crammed with promotions for the next AI stock winner… […]

Was That a Bottom?

Let’s start this week with a look at the 3-month chart for the S&P 500. I’ve added a couple do-whiggets (as my Dad might’ve said), so we’ve got that to talk about… The first do-whiggit is the purple arrow. That’s September 20, the last Fed meeting, also known as the day shit really hit the […]

Let Chaos Reign

“From e-e-every mountainside, le-e-t chaos reign…” C’mon! Everybody sing! Maybe this isn’t the best time for jokes… After all, stocks are teetering on the brink of some pretty significant levels. Yesterday, the S&P 500 got within 16 points of its 200-day moving average (MA), before bouncing a little into the close.  The S&P 500 is […]

Oil Prices and Recession

You can’t really say it’s happened all of a sudden. For the last year, economists and market strategist-types have been talking about an imminent recession for the U.S. economy. Inflation, interest rates, the war in Ukraine, commercial real estate, the mini-bank crisis back in March, overheated labor market – the list of imminent catalysts is […]

"I Have an Idiot for a Son"

I found an absolute gem on Bloomberg today.So this guy’s the chief investment officer at Rayliant Global Advisors. And his mom bought Nvidia (NASDAQ: NVDA) down at $100 a share.  But when the stocks rallied to $250 earlier this year, he told her to take her 150% profit… Well we all know what happened. The […]