ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Sam Ro is a managing editor at Yahoo Finance. Ro’s tweet with data from FactSet and Goldman Sachs (GS) shows how just 5 stocks – Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Microsoft (MSFT), and Alphabet (GOOG) – dominate the S&P 500 (SPY). The top 1 percent seem to be the only story worth telling given … Read more
The Bank of Canada (BoC) released its latest Monetary Policy Report on July 15, 2020. Neither the report nor the press conference contained any surprises. The BoC did not change interest rates, kept the crank turning on its Quantitative Easing (QE) program, and promised to “hold the policy interest rate at the effective lower bound … Read more
Some sporting goods retailers have to survive the coronavirus pandemic. Hibbett Sports (HIBB) looks like one of them. Soaring Sales Results Hibbett Sports provided early sales guidance for its fiscal second quarter that delivered surprisingly strong results (all comparables are year-over-year unless otherwise stated): Total store sales for the quarter: over +70%; for the first … Read more
Stock Market Statistics AT40 = 56.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 32.5% of stocks are trading above their respective 200DMAs VIX = 25.7Short-term Trading Call: neutral Stock Market Commentary Last week started with a growl and ended quietly. The stock market quickly transitioned from confirming a bearish … Read more
Nutanix (NTNX) is an IT infrastructure company that helps its customers “modernize their datacenters and run applications at any scale, on-prem and in the cloud.” The stock peaked in June, 2018 after a 13-month, 310% run-up from an all-time low. The March, 2020 stock market crash briefly took NTNX to a new all-time low. Even … Read more