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03/23/2021
The Nasdaq and formerly high-flying tech stocks in it have been under heavy scrutiny the past couple of weeks after a major sell-off. But I see a bullish setup coming in the Nasdaq QQQ ETF that trades under the ticker Invesco QQQ Trust Series 1 (Nasdaq: QQQ). Last week, in […]
03/22/2021
Both Adobe and GameStop are slated to report earnings after Tuesday’s closing bell. GameStop’s earnings report is the company’s first since the WallStreetBets Reddit forum successfully got retail traders to buy shares of the stock… sending it to the moon and back just as fast. All told, GME went from […]
03/22/2021
Global stock markets and U.S. futures are mixed this morning after the Federal Reserve said it’s ending some emergency actions intended to help the financial world fight off the COVID-19 pandemic. But we have bigger fish to fry… Interest rates are down because bonds were up almost a full handle […]
03/19/2021
It’s no secret the COVID-19 pandemic hit several sectors hard… It’s been roughly a year since most companies related to the travel sector — like airline and cruise line stocks — were left behind in favor of stay-at-home names. But things are starting to change… Vaccines are rolling out and […]
03/19/2021
Global stock markets and U.S. futures are mostly lower this morning as investors turn cautious over rising bond yields. But I see us bouncing around a little bit… If you look at the Nasdaq, you’ll notice it’s still trading below its 50-day moving average. If the QQQ (representing the Nasdaq) […]
03/18/2021
“Don’t fight the Fed” is an age-old adage on Wall Street… And the Federal Reserve laid all its cards on the table this week, saying it will keep its benchmark interest rate near zero for the foreseeable future. So short-term rates will stay down while long-term rates continue to rise… […]
03/18/2021
Nike’s earnings report is scheduled to come out today after the closing bell. Because it’s one of the biggest retail and consumer discretionary companies out there, I thought I’d give you a quick update on what to expect… and whether you should jump in on the action now or wait. […]
03/18/2021
Global stock markets and U.S. futures are mostly lower this morning despite the Federal Reserve saying Wednesday it’s keeping its easy-money policies in place, and that inflation is still in check. But there’s one small problem… The iShares 20+ Year Treasury Bond (Nasdaq: TLT) was down 1.42% as I filmed […]
03/17/2021
Investors are always looking for the next big event that will send stocks either soaring or tanking… And over the next few months and years, I expect corporate stock buybacks to be the next big, bullish tidal wave to hit Wall Street. What is a corporate stock buyback? In the […]