If you’re feeling a little conflicted on Amazon’s (AMZN) near-term prospects, whether to take a bullish or bearish stance, it’s…
Continue ReadingUncategorized
Echoes of Dotcom: “Magnificent Seven” Stocks Falter
The bigger they are, the harder they fall. It doesn’t get any bigger than the so-called “Magnificent Seven” mega-cap technology…
Continue ReadingLooking Outside the Stock Market for Opportunities
Correlations rise during bear markets. This means more stocks participate in broad market declines than broad market advances. In other…
Continue ReadingWhy Aren’t Stocks Down More?
Consumer prices are up 20% since the end of 2019. Interest rates have gone from 0% to 5% over the…
Continue ReadingTop Stocks Below $10 Per Share
Stocks that trade below $10 per share are in that range for a few reasons. Many of them are smaller…
Continue ReadingA Slippery Slope: BofA Analysts Just Said Oil Could Go to $250
As tensions in the Middle East rise, so will the price of a barrel of West Texas Intermediate (WTI) crude…
Continue ReadingBEA: Real GDP increased at 4.9% Annualized Rate in Q3
From the BEA: Gross Domestic Product, Third Quarter 2023 (Advance Estimate) Real gross domestic product (GDP) increased at an annual…
Continue ReadingNAR: Pending Home Sales Increase 1.1% in September; Down 11% Year-over-year
From the NAR: Pending Home Sales Grew 1.1% in September Pending home sales augmented 1.1% in September, according to the…
Continue ReadingWeekly Initial Unemployment Claims Increase to 210,000
The DOL reported: In the week ending October 21, the advance figure for seasonally adjusted initial claims was 210,000, an…
Continue ReadingTwo Defensive Sectors are Outperforming – What Does This Mean?
The only two sectors to close higher on Wednesday were in the defensive category, Consumer Staples (XLP) and Utilities (XLU).…
Continue Reading