Friends Tesla and Apple were strong out of the gate this morning, but as the trading session wore on, they handed the baton off to the rest of the market and a nice broader advance ensued. Apple actually has its stock split after the close today so it was able...
Friends It’s a battle between Tesla and Apple to see which stock can get more ridiculously overbought. That’s not a comment on the companies themselves. They are fine companies and make great products. But, Tesla’s market cap is now more than 4 times bigger...
Friends Stocks fought their way higher today despite no real good news. The unemployment picture continues to be horrific, as the disconnect between Main Street and Wall Street continues. But, as we know, there is a lot of liquidity in the markets and a lot of...
Friends We saw more good retail numbers from Target and Lowe’s. It’s not really surprising that the stores that were deemed essential and were allowed to remain open during quarantine have been the beneficiaries of consumer dollars, but having said that there...
Friends Despite some amazingly good retail news from both Walmart and Home Depot today, it was the big cap tech names that were the stars of the day, as Amazon, Apple, Google and Microsoft all pushed higher. Both Walmart and Home Depot had been trading at all-time...
Friends It was a mixed day for stocks with Nasdaq doing well while the Dow slumped at bit. Retailers were winners today with the likes of Walmart, Target, Costco, TJX, Home Depot and Best Buy all doing well. The industrial and material names that had been showing...
Friends We saw a bit of a tug of war between the bulls and the bears today as stocks drifted back and forth with no real commitment in either direction. Economic data is getting a little better, but market participants are reluctant to see that as anything...
Friends Stocks cooled off a little today, as concerns that the folks on the Hill are far apart on a second stimulus bill seemed to weigh on the markets. Big growth names Apple and Amazon fared well, but the stocks that had been favored in recent sessions saw some...
Friends The bulls were back at it today attempting to push stocks to all-time highs. Can you imagine we are talking about stocks at new highs with the economic conditions that we are enduring? Nevertheless, stocks continue to gain strength and the broadening out of...
Friends The broadening out of the market advance was well in play for the third day in a row until the last hour of trading today. Stimulus talks bogging down on the Hill and an announcement a college football conference was postponing the football season seemed to...
Friends Ask and you just might receive. Yes, indeed, we got another day of the market rallying without the dominance of a handful of large cap growth stocks. Today, the industrials and economically sensitive names were the winners, as even oil and energy stocks...
Friends Today's jobs number was a little better than expected with more jobs being created than thought and the unemployment rate falling to 10.2%. Since this nightmare has begun we have lost 22 million jobs and have now recovered about 9 million of those jobs. Though...
Friends It was pretty much the same story again today. Apple leads the Nasdaq higher and the rest of the market watches from the sidelines. Money that is finding its way into stocks seems to be directed towards just a handful of names, which is great for those handful...
Friends It was another good day for the bulls. Disney led the way with a more than 8% move to the upside despite the difficulties that the pandemic has bestowed upon them. Investors have definitely decided to look past the current economic difficulties that we find...
Friends It was another big day for the Nasdaq led by Apple and Microsoft, but because both of those stocks are also part of the S&P 500 and the Dow, those indices also posted nice gains for the day. We’ve seen this show for the last several months where a handful...
