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
Stock Market Statistics AT40 = 45.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 12.4% of stocks are trading above their respective 200DMAsVIX = 35.9Short-term Trading Call: cautiously bullish Stock Market Commentary Last week started on an ominous note with more historic plunges in oil prices. The stock market managed … Read more
AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.3% of stocks are trading above their respective 200DMAsVIX = 42.0Short-term Trading Call: cautiously bullish Stock Market Commentary Crash culture started this week with an astonishing collapse in oil prices. The stock market held on admirably, especially tech stocks. … Read more
AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.3% of stocks are trading above their respective 200DMAs (13-month high)VIX = 15.3Short-term Trading Call: neutral Stock Market Commentary A Broken Record Last week had some big moments. Looking back, the week looks like a broken record. The Federal Reserve … Read more
Bitcoin (BTC-USD) broke out to a 13-month high this week, and Google Trends likely confirmed the move just like it confirmed the big April breakout. Google Trends provides an index showing the relative changes in the popularity of Google searches. On the same day that Bitcoin broke out, June 16th, Google searches on “Bitcoin” jumped … Read more
When Facebook (FB) lost 19.0% after reporting earnings on July 25th, the stock’s $120B loss was reportedly the largest one-day loss in absolute terms in stock market history. That trauma was of course epic in scale, but it was well aligned with the startling post-earnings run-up that followed the April 25th earnings report. In fact, … Read more
The shellacking of Facebook (FB) for over a week of scandal-ridden headlines has created that rare beast in the jungle of tech stocks: a “value” play. Facebook has a trailing P/E of 29.6 and a forward P/E of 17.9. Quarterly earnings growth is running at 19.6% year-over-year. According to briefing.com year-over-year revenue growth has run … Read more
Facebook (FB) has long held status as a market darling. Soon after its IPO in 2012, FB was languishing around $20 when bears like me (at the time) were waiting for the stock to drop below $15. From there the stock launched into a near moonshot to the last all-time closing high of $133.28 on … Read more
Almost a month before the latest earnings cycle, I chronicled the ascendancy of Facebook (FB) to the top valuation spot among the internet stocks I follow. Twitter (TWTR) lost the top spot thanks to a large post-earnings sell-off in April. Fast forward to the latest earnings cycle and internet-companies delivered even more disruptions. Rising above … Read more
One big headline on Tuesday, June 23rd featured Facebook (FB) racing past Walmart (WMT) in market capitalization for the first time ever. The following day, FB gained further ground on WMT as the two stocks continued to motor in opposite directions: FB has set new all-time highs two days in a row while WMT hovers … Read more